Clayton Christensen, the late great Harvard Business School professor, wrote one of the best business strategy books of all time. In his classic “The Innovator’s Dilemma” he explains how successful companies often fail by becoming overly locked into their established business models and optimizing the heck out of them, thereby ignoring, more risky disruptive innovations.

Of course, back in 1997, when Christensen’s book first started to have impact, e-commerce was in its infancy, smart devices were a decade away, and cloud computing and AI weren’t even glimmers in anyone’s eyes.  The speed of disruption back then wasn’t exactly glacial, but it was far, far slower than it is today.

Fast forward to today, and we are confronted with a New Innovator’s Dilemma. Disruption is unrelenting, and the pace of change is often more exponential than linear.

Take a slow and steady approach to innovation and you may well get run over. Move with caution and you may fall further and further behind.

Right now, doing what we’ve always done, but just a little bit better may feel safe, but it is often the riskiest path we could possibly choose.

The evidence is overwhelming, and the verdict is in. Safe is risky.

And more and more, fortune favors the bold.

About Us

Steve Dennis is a strategic advisor, board member, and keynote speaker focused on strategic growth and transformation and the impact of digital disruption. He is the author of two bestselling books: Remarkable Retail: How To Win & Keep Customers in the Age of Disruption and the all new Leaders Leap: Transforming Your Company at the Speed of Disruption , now available for purchase in hardcover, as an e-book, or exclusively as an audiobook on Audible. Steve regularly shares his insights in his role as a Forbes senior contributor and on social media.

 

Don’t forget to join Steve’s new Linked Group for his new book.

Michael LeBlanc  is the president and founder of M.E. LeBlanc & Company Inc, a senior retail advisor, keynote speaker and media entrepreneur.  He has been on the front lines of retail industry change for his entire career. He has delivered keynotes, hosted fire-side discussions and participated worldwide in thought leadership panels, most recently on the main stage in Toronto at Retail Council of Canada’s Retail Secure conference with leaders from The Gap and Kroger talking about violence in retail stores, keynotes on the state & future of retail in Orlando and Halifax, and at the 2023 Canadian GroceryConnex conference, hosting the CEOs of Walmart Canada, Longo’s and Save-On-Foods Canada.   Michael brings 25+ years of brand/retail/marketing & eCommerce leadership experience with Levi’s, Black & Decker, Hudson’s Bay, Pandora Jewellery, The Shopping Channel and Retail Council of Canada to his advisory, speaking and media practice.

 

Michael also produces and hosts a network of leading retail trade podcasts, including the award-winning No.1 independent retail industry podcast in North America, Remarkable Retail,

Canada’s top retail industry podcast; the Voice of Retail; Canada’s top food industry and the top Canadian-produced management independent podcasts in the country, The Food Professor, with Dr. Sylvain Charlebois.

 

Rethink Retail has recognized Michael as one of the top global retail influencers for the fourth year in a row, Coresight Research has named Michael a Retail AI Influencer, and you can tune into Michael’s cooking show, Last Request BBQ, on YouTube, Instagram, X and yes, TikTok.

 

Available for keynote presentations helping retailers, brands and retail industry insiders explaining the current state of the retail industry in Canada and the U.S., and the future of retail.

View Original Article
Do you like Remarkable Retail Podcast's articles? Follow on social!