Today, we find ourselves in the age of disruption. More disruptive events are taking place at a faster speed today. Many forces are driving the age of disruption. As a result, firms find themselves in a precarious situation. If they wait for a disruptive force to emerge in their industry, it may be too later. Firms do not have a luxury of waiting to respond to disruptive forces anymore. Today they need the ability of predicting disruption.
Disruption Management Capabilities
The need of the day is a full-fledged disruption management capability. Such a capability should provide an ability to predict disruptive forces ahead of time. Once predicted, a disruptive force loses some of its power because it allows you to plan response strategy. Disruption management capability requires both the ability to predict and an ability o create contingency plans.
This episode of the innovation muse goes into the details of how to predict disruptions. Using a powerful cascading change model, it shows you how to predict disruption in your industry. Although there are infinite ways in which a disruptive force can attack an industry, this proprietary model helps you predict it in a tractable manner.
This episode also shares some examples of using the cascading change models across industries. This model was originally developed in my book The Dark Side of Innovation. I also use in my upcoming book A 60-minute guide to disruption.
Key Take Aways
This episode helps you take away five key lessons:
- Disruption is never inevitable
- There are two necessary and sufficient conditions for any disruption to take place
- You can predict conditions that can lead to disruption
- What is cascading change model and how to use it to predict disruption conditions
- Applications of cascading change model
How to Listen?
Go to the free audio course to listen to the entire series of audio lessons on Disruption.