Business is no longer being done in the ways taught in business schools or passed down in organizations through training. Business models are becoming dated in the face of nimble and agile organizations; due mainly in part to what is described as Digital Disruptions.
Ask metered taxis, the effect that the UBER App has had on their business. The effect of digital disruption is that entrepreneurial start-ups reaching the $1billion evaluation milestone quicker than before; and the average lifespan of S & P 500 companies has shrunk by almost two-thirds in the last 50 years?
Implication for you and your business is simple … innovate, digitize or fizzle out. As Digital Disruption is happening across industries, are you really willing to take that risk?
© 14th November 2016. Adewale Adeniji/LexConsults Humanae International.