Disruption, be it through technology, innovation process or through something else, seems to be the flavour of the corporate environment. So what is disruption? In simple terms, it is when a new product or service helps create a new market and in the process significantly weakens and at times destroys an existing product or service, market category and even an industry.
As can be seen from the above, there are two facets of Leadership that operate in a disruptive environment.
First, the kind of Leadership that can envision and innovate a product, service or process that either creates a new market or sets about destroying an existing product market category. Think of the I Phone. Think of Uber.
Second, the kind of Leadership that can recognise the disruptions gaining strength within the industry and take timely and intuitive actions to not only protect one’s existing business but ride the disruption as an opportunity. Think of General Motors and its incisive investments into EV and autonomous vehicle technology.
The 20th Century has been witness to innumerable cases of strong leaderships with impeccable management credentials consistently failing to anticipate market disruptions and falling by the wayside. Think of Kodak.
With the exponential growth of disruptive products and processes that we are witness to today and the convergence of these to create mega disruptive trends, a completely new kind of Leadership blueprint and mindset is needed to be effective in the twenty-first century.
What kind of Leadership blueprint and mindset might this be? How does one acquire it?