Blink and another innovation has passed you by. You might even be like Blockbuster Video or Blackberry and crumbling as we speak.
All because innovation came and you weren’t ready.
Know what I’m saying? Innovation is moving at an ever increasing pace. This leaves many businesses struggling to play catchup. Some never do.
What Is Innovation?
Leaders can get caught up in trying to define innovation. It’s really simple in concept: Innovation is the process of change.
The innovation may be:
VHS moving to DVD moving to streaming video
Mechanical hard drives changing to solid state drives
Print media moving towards digital media
These innovations provided a slight shift and change in the way we consumed and stored data. Honestly, it’s crazy how quickly these changes happened.