Managing Disruptive Technologies in business

Disruptive Technology

Every company in every industry works under certain forces—laws of organizational nature—that act powerfully to define what that company can and cannot do. Managers faced with disruptive technologies fail their companies when these forces overpower them. Lets take a look at history of manned flight innovation. The ancients who attempted to fly by strapping feathered wings to their arms and flapping with all their might as they leapt from high places invariably failed. Despite their dreams and hard work, they were fighting against some very powerful forces of nature. No one could be strong enough to win this fight. Flight became possible only after people came to understand the relevant natural laws and principles that defined how the world worked: the law of gravity, Bernoulli’s principle, and the concepts of lift, drag, and resistance. When people then designed flying systems that recognized or harnessed the power of these laws and principles, rather

than fighting them, they were finally able to fly to heights and distances that were previously unimaginable.

As in the analogy with manned flight, these laws are so strong that managers who ignore or fight them are nearly powerless to pilot their companies through a disruptive technology storm. However, that if managers can understand and harness these forces, rather than fight them, they can in fact succeed spectacularly when confronted with disruptive technological change. I am very confident that the great managers are very much capable on their own of finding the answers that best fit their circumstances. But they must first understand what has caused those circumstances and what forces will affect the feasibility of their solutions.

Here are some of excerpts from the book Innovator’s Dillema

Managers may think they control the flow of resources in their firms, in the end it is really customers and investors who dictate how money will be spent because companies with investment patterns that don’t satisfy their customers and investors don’t survive.

The highest-performing companies, in fact, are those that are the best at this, that is, they have well-developed systems for killing ideas that their customers don’t want. As a result, these companies find it very difficult to invest adequate resources in disruptive technologies—lower-margin opportunities that their customers don’t want—until their customers want them. And
by then it is too late.

As I read the book, I will be publishing some more excerpts from the book. Please keep watching this space.

Are you scared of starting your own, then this post is for you?

Start your own business

Happy new year 2018 and its time to live your dream. Are you planning to start something new in 2018 and have already thought pros and cons about it. And finally family life, EMIs etc. Finally concluded lets wait for some more time and then will think of my own. Then this is the post for you. Here are collection of 37 quotes from famous people and will definitely give you adrenaline to get started.

  1. “Only put off until tomorrow what you are willing to die having left undone.” – Pablo Picasso

  2. “Don’t worry about failures, worry about the chances you miss when you don’t even try.” – Jack Canfield

  3. “You can’t plan for everything or you never get started in the first place.” – Jim Butcher

  4. “Believe you can and you’re halfway there.” – Theodore Roosevelt

  5. “Start before you’re ready.” – Steven Pressfield

  6. “A year from now you may wish you had started today.” – Karen Lamb

  7. “Too many of us are not living our dreams because we are living our fears.” – Les Brown

  8. “Go to the edge of the cliff and jump off. Build your wings on the way down.” – Ray Bradbury

  9. “You don’t have to be good to start … you just have to start to be good!” – Joe Sabah

  10. “If you can dream it, you can do it.” – Walt Disney

  11. “Do not follow where the path may lead. Go instead where there is no path and leave a trail.” – Ralph Waldo Emerson

  12. “You may be disappointed if you fail, but you are doomed if you don’t try.” – Beverly Sills

  13. “You can’t build a reputation on what you are going to do.” – Henry Ford

  14. “The way to get started is to quit talking and begin doing.” – Walt Disney

  15. “The hardest thing about getting started, is getting started.” – Guy Kawasaki

  16. “The secret of getting ahead is getting started.” – Mark Twain

  17. “You can’t wait for inspiration. You have to go after it with a club.” – Jack London

  18. “The greatest amount of wasted time is the time not getting started.” – Dawson Trotman

  19. “Build your own dreams, or someone else will hire you to build theirs.” – Farrah Gray

  20. “Whether you think you can or you think you can’t, you’re right.” – Henry Ford

  21. “If you have a dream, you can spend a lifetime studying, planning, and getting ready for it. What you should be doing is getting started.” – Drew Houston

  22. “The only person you are destined to become is the person you decide to be.” – Ralph Waldo Emerson

  23. “Shoot for the moon. Even if you miss, you’ll land among the stars.” – Les Brown

  24. “Twenty years from now you will be more disappointed by the things that you didn’t do than by the ones you did do.” – Mark Twain

  25. “A journey of a thousand miles must begin with a single step.” – Lao Tsu

  26. “It’s time to start living the life you’ve imagined.” – Henry James

  27. “The beginning is always NOW.” – Roy Bennett

  28. “It is never too late to be what you might have been.” – George Eliot

  29. “All our dreams can come true – if we have the courage to pursue them.” – Walt Disney

  30. “The only thing that stands between you and grand success in living are these two things: getting started and never quitting!” – Robert H. Schuller

  31. “What is not started today is never finished tomorrow.” – Johann Wolfgang von Goethe

  32. “The greatest time wasted, is the time getting started.” – Dawson Trotman

  33. “The vision must be followed by the venture. It is not enough to stare up the steps – we must step up the stairs.” – Vance Havner

  34. “The secret of getting ahead is getting started.” – Sally Berger

  35. “He has half the deed done who has made a beginning.” – Horace

  36. “The distance is nothing; it’s only the first step that is difficult.” – Marquise du Deffand

  37. “We cannot do everything at once, but we can do something at once.” – Calvin Coolidge

Influence others and make your friend

Smile, love
Smile, love

Networking and influencing others are the basic necessities for any business. Without too many contacts and networking it would be almost impossible to grow your business. So are these qualities to increase network of influence learned? Here I have listed some of the best techniques used by world’s renowned leaders.

The very first thing that comes to my mind for winning somebody is Dog. You meet him everyday in your street, the moment you are within 10 feet, he starts waging his tail. If you stop and pat him, he will almost jump out of his skin to show you how much he likes you. And you know very well that behind show of affection on his part, there are no ulterior motives: he does not want to sell you any insurance nor any real estate deal. Have you ever thought that a dog the only animal that does not have to work for living? A hen has to lay eggs, a cow has to give milk. But a dog makes his living by giving you nothing but love. This is the first thing we have to learn is loving others without any strings attached.

The second most important thing is listening others and curiosity to know. When a patient visits to a psychiatrist, the most important job of psychiatrist is to listen. They are paid because of their ability to listen. Everybody wants to say. The cheapest thing you can find is the advice. However, nobody wants to listen. The american telephone company once did a survey to find out which word is used frequently and your guess is correct: its “I”, “I”, “I”. It was used 3900 times in 500 telephone conversation.

If we merely try to impress people and get people interested in us, we will never have many true, sincere friends.

The third important thing to succeed in any business is smile. An insincere grin? No that does not fool anybody. We know it is mechanical and we resent it. Here we are talking about real smile, coming from heart, a kind of smile that that will bring a good price in a market place. There is a far more information in a smile than frown.

The person who knows how to use these three characteristics i.e. love, curiosity to know others and love, are always successful in professional life and personal life.

Choose yourself :: Can it be possible?

Choose Yourself

Its been a while since I last time wrote a blog, though I want to pen thoughts in different platforms but running two families, my family and my startup, at a time squeezes my time.

Recently I started reading a book “Choose Yourself by James Altucher“, a nice book for aspiring entrepreneurs. In childhood, we do what our parents want us to do, then in young age, we again by parents, teachers and also a part by girl friends. In the process, we got accustomed to other’s command and wish that we forgot about what exactly we want. In the job, we just got carried away against our wish by project, manager, work pressure etc. Our very own desire gets covered by parents, teachers, girl friend, manager, etc. And finally when we try to start our own venture, we try to do things based on our past experiences, always seeking others instruction, permission and approval. But when somebody rides a boat, then its captain to decide the direction in smooth ride ans also in rough sea. It’s like telling someone with hundreds of thousands’ worth of plastic surgery to instantly go back to looking how they used to look. Their body no longer knows how. I kept kissing ass. I kept falling down. I kept being dishonest to my needs inside.

I would like to add a paragraph borrowed from book here

When you give up searching for frontiers, inevitably you end up stuck in
a swamp, sinking deeper into the mud the more you struggle to get out. I’m not sure that analogy holds, but you get what I mean. Success comes from continually expanding your frontiers in every
direction—creatively, financially, spiritually, and physically. Always ask yourself, what can I improve? Who else can I talk to? Where else can I look?

This is absolutely correct, its you and you to drive your own boat by looking into opportunities and increasing your boundary in each and every direction, then only your chances of getting opportunity will be more and more. The moment, you stop increasing your boundary then your area of opportunity will get squeezed by others. Others will overtake you and the the era of “Choose Yourself” will be “Let others decide”.