Kal Ki Dunia
Business Models across industries will undergo tectonic change
If it was Technology earlier now it is Intelligence
Every business needs to understand this and keep focussing on reinvention
Facebook transformed from a peer to peer connect platform into one of the most powerful media companies
Netflix was in the business of DVD rentals but they reinvented and killed this money making business by getting into the business of Streaming Videos
They did not want this to be another Kodak Moment
Companies need to take measured bets like BMW making a relatively small number of electric vehicles in their BMWi series. BMW don’t count on these cars to be its main source of profit, but the venture allows it to develop new technology. Maybe one day BMWi technology will be used to improve the company’s other car models
Another kind of bet to take is a Hedged bet when companies like Google, Cisco, Intel invest in other companies dedicated to developing cutting edge ideas with the hope that they could stand to benefit from such ideas
Long long ago in 1914, a Chemical Company like DuPont invested in General Motors when the car manufacturer was just getting off the ground
Nokia, BlackBerry and Kodak clearly missed this bus. Otherwise who knows where these Giants would have been today
As an MFD, it would be delusional to believe that all will be hunky-dory going forward
Disruption has not spared anyone and will certainly impact us too
So are you reinventing, are you taking measures bets or hedged bets?
Are you mindful about where the disruption could come from?
We may not be clear about this now. We must have our ears to the ground and catch any kind of a signal that precedes disruption
Disruption could come from Technology, from Regulator, from Government or from Competition like RIA
I rest my case
