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COVID-19: Disruptive Innovation on Steroids

There has been a lot written about “disruptive innovation” in the last few years. New and creative approaches to established industries are changing the landscape. Examples include Uber disrupting the taxi industry; AirBnB is disrupting the hotel industry. The underlying message is about reminding business leaders to take innovation more seriously and avoid complacency.

We didn’t see it coming, but our business and personal lives have been hit by one of the biggest disruptors in recent history. And it happened quickly, in a matter of a couple of months. Very few, if any businesses or personal lives have escaped. (Uber and AiBnB are being impacted, … a lot of Uber drivers are now doing food delivery via Uber eats… while AirBnB is in disarray ) Whether you have seen a significant loss of revenue, or a major spike, or something close to normal, the way we operate our business has been irreversibly disrupted.

COVID19 has been a disruptive force. And it has created an exceptional opportunity to innovate. As the C19 storm eases, it’s time to renew our plans for the next cycle of our business.

The opportunities are everywhere for new ideas:

Our markets,

How will our market change? How will we adapt? What new products or services, or pricing will we offer?

Our Operations – What have we learned, so far, about how we deliver our products and services to our customers?

Our people – how do we redeploy our people more effectively in the months and years ahead?

Our systems – what lessons have we learned about our embedded way of doing things?

Planning ahead is an essential task for all business leaders. Planning requires more than generating ideas. It is important to cull, prioritize and to write them down in a coherent, easy to understand document that can be shared with your leadership team, your employees, your bank, your partners, and occasionally with your customers.

Taking your thoughts from your head and documenting them is the catalyst that cannot be overlooked and why a written plan is so powerful – there is magic in writing things down and speaking them aloud. Ideas die in the dark.

Now is an excellent time to get your team all rowing towards your next destination.

Any comments? Better still, love to have your questions about planning. What do you need help with?

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