business disruption

7/27/2019 Business Disruption

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Top 22+Business disruption

How disruptive is your

business?


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Confronted with an increasing rate of change

We live in times of change.

It is a new era in which the word disruption is not as impressive as itonce was because its happening more often.

Todays businesses are disrupting yesterdays businesses, andtomorrows businesses will be disrupted even faster.

Disruption is the new normal. How disruptive is your business?

13 September 2013 www.torbenrick.eu 2
http://www.torbenrick.eu/http://www.torbenrick.eu/


3/26

#1 - Business disruption - Social MediaLets start with probably the most prominent business disruption in thelast decade:

Traditionally, companies controlled their message and their brandthrough well-defined media venues. But not anymore.

Social media lets your customers, your employees, and your

competitors all converse in open communities, defining and redefiningyour corporate and personal brands - in real time.

Companies that are wrong-footed in their response to social media aremore and more having spectacular meltdowns, followed eagerly bythousands.



4/26

#2 - Business disruption The sharing economy

The internet has evolved from communication to social media and thenew shared economy.

These new services rely on the web, impersonal relationships, and theyare based on ratings and reciprocal reviews from unknown people tobuild trust among their users.



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Disruption

#3 - Business disruption - PC industry

The PC industry is hit by the most significant disruptive change it hasever seen and not every company will survive this disruption, or at leastcontinue in their current form.

The emergence of the iPad has caused PC industry growth to slow andeven decline.

http://www.torbenrick.eu/blog/strategy/pc-industry-hit-by-disruptive-change/http://www.torbenrick.eu/blog/strategy/pc-industry-hit-by-disruptive-change/http://www.torbenrick.eu/http://www.torbenrick.eu/http://www.torbenrick.eu/blog/strategy/pc-industry-hit-by-disruptive-change/http://www.torbenrick.eu/blog/strategy/pc-industry-hit-by-disruptive-change/http://www.torbenrick.eu/blog/strategy/pc-industry-hit-by-disruptive-change/http://www.torbenrick.eu/blog/strategy/pc-industry-hit-by-disruptive-change/


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Disruption

#4 - Business disruption - Streaming music

Streaming music services can be seen as a modular architecturebecause customers dont need to worry about the hardware and all ofthe bells and whistles they can simply configure their songs andstream the music from anywhere.

It provides great flexibility for customers to control their music contentwithout a centralized service system and proprietary hardware.



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Disruption

#5 - Business disruption CD Player

From CD player to NAS and network player

After 20 years designing and manufacturing world-class CD players, Linnstopped production of CD players at the end of 2009



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Disruption

#6 - Business disruption CD Player

From CD Walkman to portable Mastering Quality Sound player -Supports up to 24-bit / 192kHz Bit to Bit Decoding, support for up to 192GB



9/26

#7 - Business disruption - Book publishing Giant disruption is projected to sweep the publishing world even

faster than expected.

The pace of change in the book publishing world accelerates, leavingbrick-and-mortar book stores in serious trouble.

http://www.torbenrick.eu/blog/strategy/the-giant-disruption-ebooks-surpass-printed-books/http://www.torbenrick.eu/blog/strategy/disruptive-change-driving-traditional-bricks-and-mortar-towards-extinction/http://www.torbenrick.eu/http://www.torbenrick.eu/http://www.torbenrick.eu/blog/strategy/disruptive-change-driving-traditional-bricks-and-mortar-towards-extinction/http://www.torbenrick.eu/blog/strategy/disruptive-change-driving-traditional-bricks-and-mortar-towards-extinction/http://www.torbenrick.eu/blog/strategy/disruptive-change-driving-traditional-bricks-and-mortar-towards-extinction/http://www.torbenrick.eu/blog/strategy/disruptive-change-driving-traditional-bricks-and-mortar-towards-extinction/http://www.torbenrick.eu/blog/strategy/disruptive-change-driving-traditional-bricks-and-mortar-towards-extinction/http://www.torbenrick.eu/blog/strategy/the-giant-disruption-ebooks-surpass-printed-books/http://www.torbenrick.eu/blog/strategy/the-giant-disruption-ebooks-surpass-printed-books/


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Disruption

#8 - Business disruption - Hotels

9Flats, HouseTrip, Wimdu andAirbnb offering the convenience ofa hotel, the comforts of a home andthe price tag of an up-market hostel- lets call them peer-to-peer hotels

It is the most prominent example ofa huge new sharing economy, inwhich people rent beds, cars, boatsand other assets directly from eachother, co-ordinated via the internet.

http://www.torbenrick.eu/blog/strategy/the-rise-of-the-sharing-economy-peer-to-peer-hotels/http://www.torbenrick.eu/http://www.torbenrick.eu/http://www.torbenrick.eu/blog/strategy/the-rise-of-the-sharing-economy-peer-to-peer-hotels/http://www.torbenrick.eu/blog/strategy/the-rise-of-the-sharing-economy-peer-to-peer-hotels/http://www.torbenrick.eu/blog/strategy/the-rise-of-the-sharing-economy-peer-to-peer-hotels/http://www.torbenrick.eu/blog/strategy/the-rise-of-the-sharing-economy-peer-to-peer-hotels/http://www.torbenrick.eu/blog/strategy/the-rise-of-the-sharing-economy-peer-to-peer-hotels/http://www.torbenrick.eu/blog/strategy/the-rise-of-the-sharing-economy-peer-to-peer-hotels/


11/26

#9 - Business disruption - TV industry Disruption is coming to the TV industry and there will be a new set of

distributors leveraging fundamentally different cost structures to the oldregime.

The phenomenon is called Cord-cutting and has been a growingtrend since Netflix liberated the common user from traditional cable

services. Fast internet, mobile devices, and the success of the earliest firms in the

space have eliminated most barriers for OTT (Over The Top Content)content producers to enter the market.

http://www.torbenrick.eu/blog/strategy/the-disruption-of-traditional-televisionnal-television/http://www.torbenrick.eu/http://www.torbenrick.eu/http://www.torbenrick.eu/blog/strategy/the-disruption-of-traditional-televisionnal-television/http://www.torbenrick.eu/blog/strategy/the-disruption-of-traditional-televisionnal-television/http://www.torbenrick.eu/blog/strategy/the-disruption-of-traditional-televisionnal-television/


12/26

#10 - Business disruption - Marine navigation Smartphones and tablet-PC have already disrupted or is disrupting

many different business. The potential to disrupt several otherbusinesses is huge

Smartphones and tablets create numerous opportunities to identifynew processes and business models. More and more customers arereplacing there expensive $400 $600 marine navigation unit with a

$20 iPad app that works better.

http://www.torbenrick.eu/blog/strategy/businesses-disrupted-by-smartphones-and-tablet-pc/http://www.torbenrick.eu/http://www.torbenrick.eu/http://www.torbenrick.eu/blog/strategy/businesses-disrupted-by-smartphones-and-tablet-pc/http://www.torbenrick.eu/blog/strategy/businesses-disrupted-by-smartphones-and-tablet-pc/http://www.torbenrick.eu/blog/strategy/businesses-disrupted-by-smartphones-and-tablet-pc/


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#11 - Business disruption - Cash registers The traditional cash register is heading toward obsolescence

More and more businesses are trading in clunky cash registers for tabletcomputers, particularly iPad, to process and record payments


Disruption
http://www.torbenrick.eu/blog/strategy/disrupting-the-traditional-cash-register/http://www.torbenrick.eu/http://www.torbenrick.eu/http://www.torbenrick.eu/blog/strategy/disrupting-the-traditional-cash-register/


14/26

#12 - Business disruption Film roll From film roll to SD memory card


Disruption


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#13 - Business disruption - Camera From digital cameras to mobile phones with camera


Disruption


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#14 - Business disruption - Bricks & mortar With a string of high-profile bankruptcies and thousands of layoffs, the

retail sector is in upheaval as it struggles with the challenges of changingcustomer trends and online shopping.

The traditional bricks and mortar retail is perhaps one of those mostaffected by the advent of the Internet: Borders, Blockbuster, Comet,

HMV, Jessops, etc.

http://www.torbenrick.eu/blog/strategy/disruptive-change-driving-traditional-bricks-and-mortar-towards-extinction/http://www.torbenrick.eu/http://www.torbenrick.eu/http://www.torbenrick.eu/blog/strategy/disruptive-change-driving-traditional-bricks-and-mortar-towards-extinction/


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#15 - Business disruption - Banks Banks are changing dramatically amid an avalanche of regulatory change

and widespread debt reduction.

But this is not the only disruption which banks are experiencing: Thepeer-to-peer lending sector is growing fast.


Disruption
http://www.torbenrick.eu/blog/strategy/new-business-models-will-emerge-peer-to-peer-lending/http://www.torbenrick.eu/http://www.torbenrick.eu/http://www.torbenrick.eu/blog/strategy/new-business-models-will-emerge-peer-to-peer-lending/http://www.torbenrick.eu/blog/strategy/new-business-models-will-emerge-peer-to-peer-lending/http://www.torbenrick.eu/blog/strategy/new-business-models-will-emerge-peer-to-peer-lending/http://www.torbenrick.eu/blog/strategy/new-business-models-will-emerge-peer-to-peer-lending/http://www.torbenrick.eu/blog/strategy/new-business-models-will-emerge-peer-to-peer-lending/http://www.torbenrick.eu/blog/strategy/new-business-models-will-emerge-peer-to-peer-lending/


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#16 - Business disruption Car rental A car used to be the ultimate symbol of freedom and independence but

increasingly consumers view ownership as an expense and a burden.

Car Sharing is becoming increasingly popular with its promise ofpersonal convenience and social improvement.


Disruption
http://www.torbenrick.eu/blog/strategy/disruptive-business-models-based-on-collaborative-consumption/http://www.torbenrick.eu/http://www.torbenrick.eu/http://www.torbenrick.eu/blog/strategy/disruptive-business-models-based-on-collaborative-consumption/


19/26

#17 - Business disruption Telecommunication Over the last decade, driven by growth in broadband networks andreductions in costs, voice over Internet Protocol (VoIP) services have

proved to be a disruptive technology that has transformed thetelecommunication industry.

VoIP has gained widespread acceptance among service providers,consumers and businesses, offering a cheaper way to get in touch.

Instead of using conventional landlines, people can make phone calls viathe Internet.

VoIP has been nothing short of a nightmare for fixed operators.


Disruption


20/26

#18 - Business disruption Telecommunication Mobile SMS disruption - Forget SMS! Services like WhatsApp lets you send messages to users on any of the

supported platforms without paying anything except your standardmobile data fee

The cross-platform messaging app has hit 250 million active users


Disruption


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#19 - Business disruption Sat From home satelit dish to TV through optic fiber


Disruption


22/26

#20 - Business disruption Gaming hardware Companies like Gaikai are working tirelessly to redefine the way people

access and play video games - cloud gaming platform.

Several companies now offers CPU and GPU power through the internet,primarily aimed at those who play highly demanding computer games.

The need for expensive hardware will be reduced


Disruption


23/26

#21 - Business disruption Airlines Low cost carrier (LCC) model has captured the attention across the

globe.

Flying only one type of plane, having a point-to-point route structure,providing one class of service and not having meals and assigned seatsare the defining attributes of this model.


Disruption


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#22 - Business disruption Newspapers The widespread availability of electronic reading devices (tablets,

smartphones, e-readers), the ubiquity of an Internet connection and theadvances in digital monetization could lead to the disappearance ofnewspapers.

Newspapers are dying, but they're not dead yet.


Disruption


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What is next?

How disruptive is your business?

Top 5+ disruptive change questions

http://www.torbenrick.eu/blog/strategy/key-elements-in-disruptive-change/http://www.torbenrick.eu/http://www.torbenrick.eu/http://www.torbenrick.eu/blog/strategy/key-elements-in-disruptive-change/http://www.torbenrick.eu/blog/strategy/key-elements-in-disruptive-change/


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Thanks Torben Rick

http://www.torbenrick.eu

Blog

http://www.torbenrick.eu/blog/
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