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Strategic Business Innovation:3 Ways to Survive Disruption Meri Rosich - March 30th 2016JMEC in Collaboration with the French Chamber of Commerce in Japan (CCIFJ)
Meri Rosich#Technology #Strategy #Innovation
MA in Art, PhD in 3D MBA London Business School Barcelona, NY, London, HK, Singapore, Tokyo #Intercom #Bertelsmann #American Express #Samsung
Introductions
@mrosich
1- Business disruption
What is it? Why is it important?
The 3 enablers that change everything
Disruption
Is when a company is able to challenge an established business
Why is disruption important?
Research by - R Wang and Insider Associates, LLC
Let’s take a look at 3 enablers
Disruption enabler#1 : Connectivity
Source: Mary Meeker, May 2014, Internet Trends. http://www.kpcb.com/internet-trendsDigital analysts at GSMA Intelligence
There are more mobile devices than people in the world: 7.4 B
"It's the fastest growing manmade
phenomenon ever“ Kevin Kimberlin, Chairman of Spencer
Trask & Co
Source: Mary Meeker, May 2014, Internet Trends. http://www.kpcb.com/internet-trends
Mobile usage has grown with more connectivity
Source: Mary Meeker, May 2014, Internet Trends. http://www.kpcb.com/internet-trends
Habits changed : 91% adults have their devices nearby 24/7
The ecosystem of content and apps
makes devices relevant
The rules of the game had changed: consumer experience
Do you have a Nokia phone?
In 2000, 40% of the world's phones were Nokia ● Led by engineers ● Conservative, short-term bets ● Lack of consumer experience focus
In 2007 the iPhone disrupted the game From: device - platform - ecosystem
Nokia sold the phone business in 2014
‘We didn’t do anything wrong but somehow we lost” - Steve ballmer, CEO
NOKIA
In 2007 Nokia was still designing smaller, longer battery phones iPhone in 2007: daily charge, but had a content ecosystem
"Things became much more complex. We were not so sure anymore what we should actually target. Is it ease of use, is it battery life, is it size?" - Mika Grundstrom
The rules of the game had changed
Connectivity
Disruption Enabler #2 : User Generated Content
Consumers are the first source of news
User generated content - grows exponentially
Streaming gives consumers power
Data and publishing apps
enable consumers
imagine live 3D VR streaming for sports
Influencers - and everyone - is a content creator
Live birth using a Samsung VR
headset
Live 3D streamingsports, events...
Wikipedia: community generated content
The content creation rules continue to change
Encarta ended in 2009 E. Britannica in 2012Wikipedia is the top 7th
“In order to succeed we had to be more academic than a traditional encyclopedia,” - Jimmy Wales
Enabler #3: Fast Product Innovation
Competitions, hackathons, startup weekends
Open innovation events, tech
brainstorming
Accelerators, incubators, intrapreneurship
Education with investment opportunities
The Facebook “like” button was born at a hackathon
2- What can companies do?
3 strategies that have worked for corporations
Turn access into an opportunity
Optional footer 24
Focus on customer experience to localize strategy
Lyric Bottles campaign
• Lyrics on bottles• Scanned - WeChat • Songs, stickers
Mobile turned the product into a vehicle for self-expression
• Celebrity posts • Influencer posts • Fan clubs
“Developed as an experience that flowed
seamlessly from the packaging into digital
and social media “
Give consumers control
Optional footer
Generating retail engagement with content creation
“We want to enrich the
experience for our consumers”
Ability to try
Tell stories via technologies that enhance
the experience
User generated content allows for a deeper experience
https://youtu.be/vDNzTasuYEw
Partner with experts
The Post-it note is not immune to digital disruption
The use case rules changed: product digitalization
“A new generation of millennials coming to the workplace prefers reminders on smartphones”
Partnering with experts
Partnering with digital experts to tap into new habits
http://youtu.be/FHM0eI34l-M
Tap into fast
product innovation
Strategies that worked
Turning a product to a vehicle for customer experience
Expanding the retail experience with content creation Partnering with experts for
fast product innovation
Available to download in SlideShare
http://www.slideshare.net/MeriRosich
Thank you
@mrosich