Free navigation apps on smartphones wreaked havoc for the makers of standalone GPS devices. Airbnb and other resource sharing services are undermining hotels. Uber, SideCar and Lyft are reinventing the heavily regulated taxi and limousine industry. These are just a few of hundreds of examples of Big Bang Disruptions - new products and services that enter the market better and cheaper than established products, seemingly overnight. Driven by falling prices for component parts, rapid experimentation with real customers, and the delivery platforms of the Internet and the cloud, they are different in kind from previous generations of innovations.Their frequency is only going to accelerate. Every industry is at risk. Big Bang Disruption presents a radical new framework for this phenomenon. Larry Downes and Paul F. Nunes offer critical insights and strategies companies are using not just to protect themselves but to create and appropriate disruptive innovations for themselves. The authors detail the four stages of big bang innovation and show leaders how to see disruptions headed their way - and take action before it’s too late.
©2014 Larry Downes and Paul Nunes (P)2014 Recorded Books
It's one of the better books I've listened to.
This is new, indepth content so I have no frame of reference. I heard the authors describe the subject on XM111 (Wharton Business Channel) and was intrigued. The book did not disappoint.
The examples of how technology rendered businesses and whole industries obsolete so quickly. They quote a line from a Hemingway novel, "how did you go bankrupt? Two ways, first slowly then very quickly."
By the time we realize the innovations are upon us we are either elevated by them as we have been the implementer or we've been destroyed by them. Now is the time to be looking and working on the horizon. Change is coming very, very quickly for everyone.
Beware Catastrophic Success
Big Bang Disruption opened up my eyes to the risks and preparation necessary for success through innovation. Additionally, it did a terrific job delivering the telltale signs of upcoming innovation in your industry. By far, however, was the astounding observation of how dangerous big bang success can be for your organization. The details of the preparation necessary and the strategy after a disruptive success were invaluable.
Though a bit on the slower tempo for narration, Chris is easy to listen to and does a great job delivering the lessons from the book.
I found myself excited to get back to listening to the book, yes.
Must read for anyone pursuing business in our rapidly changing day and age.
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