In one of our blogposts, we wrote about how Digital-first players aim for market share, not short-term profits. One of the major advantages of these players, which are usually startups, is the speed at which they can innovate. How do they get so fast? And is there anything you can learn from that and apply to your business today? Read More
For decades companies have closely watched their direct competition to anticipate the development of their new products. Imagine your biggest competitor coming up with something revolutionary that you haven’t even researched yet, a nightmare!
Times have changed though. If we look at the past 10 years, almost every disruptive idea in every sector came from outside the industry, usually from the technology sector. The most iconic example of this is the moment when Steve Jobs announced the first iPhone in front of an audience containing dozens of executives from Nokia, Motorola and BlackBerry. They couldn’t believe their eyes. Read More
This is why our 7th Digital Commandment is:
7. NEVER, EVER DISRESPECT NEW OR SMALL PLAYERS.
No matter how big you are as a company, always stay humble and keep an eye on the ball. Too many people in large companies are making fun of new or small players in their industry, instead of investigating what they are really up to. In many cases, execs are not even aware of their existence. Startups are thriving on this arrogance of traditional companies. Digital has enabled them to bring multinationals to their knees.