It is not uncommon to find leaders trapped by inertia. Those who escape the vacuum of “Good enough” did so by cannibalizing what got them there. They ruthless reinvented products and processes when they were profitable. What did this abandonment gain them”
Avoidance of commoditization.
“In the end, the traditionalist wants to earn prestige. The innovator just wants to get stuff done.
And this needs to be said: Despite all the lip service we now pay to innovators and “disruptors,” the traditionalist is more easily accepted by society. The innovator rarely is accepted, unless and until she proves everyone else wrong.
Yet for better and for worse, we live and work in a new Wild West, brought out about by globalization and new technology. That means there are no ancient rules to cling to regarding what would make for a respectable life or a stable career. The most prestigious careers of the past are morphing or dying out, and many of the best work opportunities today may lack cachet.”
They understand the bias towards a dependence on one strategy after another can cost them erosion of advantage.
Read full article via What The Innovator Sees That Others Don’t See.
Jim is president of InnoThink Group and Leadership Matters. He is a leader in workplace learning, productivity, performance, and leadership training solutions. For over 25 years, we have helped companies improve their performance, productivity, and bottom-line results.