Summary of Disruptive Innovation Turning Industries Upside Down

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Disruptive innovation is transforming the world. But according to business consultant Jim Harris, corporate leaders spend too much energy and money on product innovation when they ought to invest in lucrative business model innovation. Alas, Harris’s presentation lacks cohesion, yet his report is chock-full of illuminating examples and case studies. getAbstract recommends Harris’s report to executives seeking inspiration to revamp their firms’ offerings.

About the Speaker

Jim Harris, author of Blindsided, is a change and leadership consultant.

 

Summary

During the 2014 FIFA World Cup, 600,000 soccer fans flocked to Brazil. Rather than building many hotels that would subsequently lie idle, the tournament hosts relied on a new business model, Airbnb, to accommodate 120,000 guests. Such disruptive business models are transforming the corporate landscape. For instance, Alibaba, Uber and Skype are all leaders in their respective fields, yet none manufactures, owns or sells any inventory.

General Motors sold 10 million cars in 2015 and has a market capitalization is $46 billion, or $4,600 per car produced. Tesla sold 50,000 cars in 2015 and has a market cap of $32 billion...


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