What do you do if
you're in an established industry? Do you copy banks like Stanbic IBTC,
Standard Chartered, and start investing in tech companies hoping to own
innovation and defend against disruption by buying it? I would argue
no.
Successful
disruption comes from the experience, not the technology.
Let's look at the
current darling, Uber, to understand this.
Uber was not the first
to offer a taxi service from an app. The real disruption comes from the
experience. It's just better in every way - nicer cars, easy to order, pay
linked to your card, and with UberX,
less expensive as well.
Before Uber, the experience of getting a
taxi was not too good, we all know. Now, I know people that don't bother
driving because it's so convenient and nice to Uber. Some even ‘group-Uber’,
where four residents of Ikeja ride together to work at the Marina, and paying a
single bill, saving a lot of money on transportation and the stress associated
with driving in Lagos.
With Uber, the real
disruption is the experience; the technology is the enabler.
How to disrupt
yourself:
1. Love thy customer
I think true
disruption comes from a passionate understanding and love of people. Data is a
good starting point to develop understanding, but true caring is even more
important. You have to have loved your customers enough to get not only what
they want now, but what they will want. Too many industries get so caught
up in their own processes and needs that they forget about their
customers.
Uber would have never
happened if the taxi industry was putting its customers first. It wasn't
exactly a secret that the customer experience was crap. The technology existed
to arrange everything from a smart phone.
2. Put down the data and analytics, get out of
your office and experience your service and products with people
Experience for
yourself both the points of joy and the points of pain people have with their
interaction with your brand. Once you understand this on an emotional level,
you can empathize with your customers. This empathy will give you inspiration
to find innovative ways to remove their pain, amplify their pleasure and the
knowledge to be able to personalise their experience.
3. Bring in outsiders
Disruptive
start-ups come about as an idea of a founder, someone with vision. Rarely are
they built by committees, brainstorm sessions, collaborative management. This
is tough for big corporations with their inclusive management style and
team-everything,
Also, disruptive
ideas tend to come from people outside the industry. People who have been
locked in an industry for a long time, even if they’ve been outstanding, tend to
see things more through the ‘industry's perspective’. Uber wasn't started by
people from the taxi industry, please note.
Bring a small group
of outsiders to give you a fresh perspective. Bring in a designer, a musician,
a biophysicist, a tech person, or a creative person. These people will bring in
fresh perspectives and aren't held back by industry best practices. Let
them run with scissors developing innovative ideas. Take the best ideas and
develop pilot programmes with your internal teams, charging them to find even
more innovation in the implementation.
4. C-Suite direct involvement
Whenever there
isn't direct C-Suite involvement, a lot of great ideas die. And this is
because when you present something truly breakthrough and new, it makes people
nervous, and they immediately start second-guessing what their boss is going to
think, and what their fate might be in the new equation. More often than not,
the great ideas die, in favour of the less challenging ones.
Starting with
C-Suite involvement gives disruptive ideas a better chance.
5. Realize that if you don't disrupt yourself,
chances are someone else will
Innovation and
disruptive thinking are no longer a nice to have; they are essential
for survival. Any company, no matter how successful it is, no matter what
its market position, can be disrupted now by a new entrant that scales up
globally so fast that by the time you see it coming, it may be too late. In
Nigeria for instance, this radical change happened with the entry of Merc &
Mei and Promasidor.
We cannot
solve our problems with the same thinking we used when we created them, said
Albert Einstein. So, my best advice is that you start now!
Wriiten by Andrew
Shortt. He’s a creative director
traditionally, who has helped the cpg industry and tech start-ups with
disruptive thinking to help build their businesses. He’s on +647 924 0660.
Additional reports by ‘Dele Dele-Olukoju, a Marketing Communication strategist and
publisher of the online Marketing Communication Digest. He writes from Lagos,
Nigeria. +234 807 481 2389.
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