Throwing out the rule book
Disruptive innovation is reshaping industries and changing the way companies compete.
Add BT as a preferred source
TO TRULY disrupt an industry, companies have to do something that the market leader is not interested in doing, says Singapore-based management consultant Scott Anthony.
He cites the example of video streaming service Netflix, which in its earlier years offered customers a subscription-based service to rent DVDs that would be sent to their homes.
This upended an industry led then by Blockbuster, whose business model depended on having the latest movies available to customers who walked into their outlets. The chain guaranteed this by charging late fees.
TRENDING NOW
When every phone becomes a satellite phone, what happens to Asia’s telcos?
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
Japan Home closing outlets; staff say Valu$ taking over operations
Timah Partners lands S$60 million facility from lenders including UOB, RHB
