Tag Archives: disruption

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Growth is Not Easy But It is the Only Option

In order to grow in your ability as a business leader you must change. This is basically an empirical law . . . there are no exceptions to this!

 

GROWTH = CHANGE

Before you change, it is wise to understand that any change is accompanied with a certain level of disruption. This is also an empirical law. The amount of change you go through is directly proportional to the level of disruption you experience.

CHANGE ∝ DISRUPTION

And, with any disruption there is always discomfort! In fact, the level of disruption is proportional to the level of discomfort that you will feel.

DISRUPTION ∝ DISCOMFORT

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How to Be Relentlessly Committed to Self-Disruption

Disruption is highly uncomfortable! Purposefully causing disruption inside your business seems like a stupid thing to do! For what reason would you want to disrupt something that is running smoothly?

Well, for starters, building a business that never changes is a flawed business strategy. A business that is too rigid to change will be obliterated by the fast-changing marketplace! As Clayton Christensen pointed out in the Innovator’s Dilemma, the fact that you are successful makes it hard to keep the edge you need to win in the future!

We do not have to look too hard before we find prime examples of businesses that were once at the top of their game and now have failed or are basically on their death bed! It is clear that they were not relentlessly committed to self disruption.

The easy examples that always get the spotlight are businesses like Blockbuster, Sears, and Toys R Us. But, there are countless others including Radio Shack, Vitamin World, Gymboree, Swissair, Woolworth’s, Sharper Image, Polaroid, and the list goes on!

So, what can a business leader do to productively disrupt their business?

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70% of Today’s Occupations Will Be Obsolete in 80 Years

Did you know that 70% of occupations in today’s marketplace will be automated or obsolete by the end of this century!

This is a stunning prediction that is hard to believe but it is happening before our eyes.

For those of you who find this hard to comprehend, this sort of job displacement has happened numerous times in the past . . . even in the last century. For example:

  • In the last 60 years, agriculture’s share of workers has seen an 80% drop!
  • Also, in the same period, manufacturing has lost 60% of its market share of workers

As technology, society, and our economies advance, the workplace has seen, is seeing, and will continue to see massive changes and upheavals.

Occupations That Will Be Obsolete or Highly Automated