Are your Leaders Ignoring Changing Business Models?

Leaders often fail to recognize the underlying facts that will transform their markets, which creates opportunities for disruptors who work 24/7/365 for a share of the leader’s business. The economy’s move from the Industrial Age to the Information Age created three new facts that leaders must heed. A case in point: The newspaper industry, which has ignored facts at its peril.

Here are the three facts that newspapers – and every other industry needs to heed – and what you should do to address them:

  1. Digital technology allows the creation of the same benefits at a lower cost
  2. The Internet is fragmenting markets because it’s easier to find and serve narrow segments
  3. The Internet is creating an unprecedented convergence of industries, creating the opportunity for more beneficial solutions

What facts in your own industry is your business overlooking?

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