How Can Incumbents Respond to Disruption?

How Can Incumbents Respond to Disruption?

Part 2: Embrace an Innovation-focused Culture When it comes to disruption and the introduction of disruptive practices in a particular market, we should keep in mind what renowned Canadian communication and media theorist Marshal McLuhan said in 1964 about the heavy...
How can Incumbents Respond to Disruption?

How can Incumbents Respond to Disruption?

Part 1: Start by Accepting that Disruption will Happen! It is well-known that incumbents in any industry seldom feel the impact of an early-stage disruption on their core business for many years or even decades. This is even truer for those industries that are heavily...