What is Your
Competitive Disruption Strategy?
The principles of competitive
disruption
can help you create temporary competitive advantage by combining a vision of
disruption with the
capabilities necessary for disruption, and by obtaining advantage
through tactics.
"A vision for disruption might be based on identifying ways
in which
customer satisfaction can
be improved, and by understanding the
opportunities available through changes in technology and lifestyle. The
two fundamental capabilities necessary to create disruption are
speed and
surprise.
Finally, competitive disruption should be delivered by
constantly
changing the rules of the game, using
market
communication to attract customers or
confuse
competitors, as well as using several weapons simultaneously, e.g.
launching a
new, improved product
at a lower price," says Peter Skat-Rørdam, the author of Changing
Strategic Direction.
Competitive Disruption: 7 Strategies
By: R. D'Adveni, Author of Hypercompetition
-
Find new ways to improve
customer satisfaction
-
Find opportunities through
understanding trends of change
-
Develop ability to
move quickly
-
Develop ability to
surprise
-
Shift the rules of the game
-
Invest in
strategic market communication
-
Attack with several competitive weapons
simultaneously