Navigating disruptive change requires bold decisionmaking and strategic vision from "summary" of The Innovator's Dilemma by Clayton Christensen
Disruptive change is a constant in the business world, challenging companies to adapt or risk being left behind. To effectively navigate such change, bold decision-making and strategic vision are essential. Companies must be willing to make decisions that may seem risky or unconventional in order to stay ahead of the curve. This means being willing to take calculated risks and think outside the box, rather than simply following the status quo. Strategic vision is also crucial in navigating disruptive change. Companies must have a clear understanding of where they want to go and how they plan to get there. This involves setting long-term goals and creating a roadmap for achieving them. Without a clear vision, companies are likely to flounder in the face of disruptive change, unsure of which direction to take. One of the key challenges in navigating disruptive change is recognizing when to make bold decisions and when to hold back. This requires a deep understanding of the market, competitors, and industry trends. Companies must be able to anticipate changes and proactively adapt to them, rather than waiting until it is too late. In the face of disruptive change, companies must be willing to disrupt themselves. This means being willing to cannibalize their own products or services in order to stay ahead of the competition. It may be necessary to abandon old ways of doing things and embrace new technologies or business models in order to survive in a rapidly changing market.- Navigating disruptive change requires a willingness to challenge the status quo and think differently. Companies that are able to make bold decisions and have a clear strategic vision will be better equipped to not only survive but thrive in the face of disruptive change.
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