Meet the Expert
Partner, Business Model Innovations, LLC
- 33 years as CEO, consultant, in R&D management
- CEO of three startup technology companies
- Partner and Global Innovation Practice Leader at McKinsey & Company
- Closed seven financings, $250M in licensing deals, $500M in M&A deals and created three large joint ventures with Fortune 500 corporate partners.
Session Packages from $500
Your Expert Package Includes:
- All 7 Best Practices
- Pre-Call Discovery Process
- One-on-One Call with Expert
- Session Summary Report
- Post-Session Engagement
Risks & Opportunities
RisksFrom the standpoint of the disruptor, the greatest risks include:
- Plugging a technology-driven innovation into an existing business model. A disruptive technology deserves an equally disruptive business model that captures the full value and potential of the disruptive technology.
- Underestimating the difficulty of validating a new business model.
- Failing to recognize when you are at a Ground Zero.
- Rationalizing that the innovation is not disruptive.
- Falling to realize that once you recognize the threat, you are already months or years behind the disruptor.
- Losing your best people (often to your disruptive competitor) as they perceive that the ship is sinking. This is a sure sign the organization has lost faith in management, the company and the future of the incumbent business model.
OpportunitiesFrom the standpoint of the disruptor, opportunities include:
- Redefining the entire basis of competitive success and winning the future.
- Staying ahead of the curve of fast business model life cycles by creating a culture of ongoing technical and business model innovation.
- Collaborating with third parties who can help counter the threat through fast iteration and fast learning cycles outside the company's organization during the early Inception and validation stages.
- Using its resources to delay or minimize the damage to existing business while pursuing a strategy to counter the disruption.
- Leveraging its proven ability to ramp-and-run with an innovative product or model to move very quickly once it has identified its own counter to a disruptive threat.
Business Model Innovation: Risks & Opportunities