A Quote by Geoffrey Moore
Try to learn as fast as you can from the wizards and then steal what you can appropriate from them and use it to modernize your existing business model (without disrupting it).
Related Quotes
To fix the business, to bring it back to health, you must assimilate enough of the disruptive innovation to modernize the operating model without jettisoning your business model. This typically requires new leaders and definitely requires new (if temporary) rules. The CEO is the only person who can dictate the correct terms in a timely manner and maintain the enterprise's commitment to those terms for the duration of the rehabilitation effort.
The reason why it is so difficult for existing firms to capitalize on disruptive innovations is that their processes and their business model that make them good at the existing business actually make them bad at competing for the disruption.
Al Davis is the kind of guy who would steal your eyes and then try to convince you that you looked better without them
Business plans are the tool existing companies use for execution. They are the wrong tool to search for a business model.
Wands are only as powerful as the wizards who use them. Some wizards just like to boast that theirs are bigger and better than other people's.
I don't think BuddyPress will be something you use instead of your existing social networks... but if you wanted to start something new maybe with more control, friendlier terms of service, or just something customized and tweaked to fit exactly into your existing site, then BuddyPress is a great framework to use.
The reason why it is so difficult for existing firms to capitalize on disruptive innovations is that their processes and their business model that make them good at the existing business actually make them bad at competing for the disruption. Companies in fact are specifically organized to under-invest in disruptive innovations! This is one reason why we often suggest that companies set up separate teams or groups to commercialize disruptive innovations. When disruptive innovations have to fight with other innovations for resources, they tend to lose out.
The woman should learn who she is and what she looks like and try to find the best points of dress accordingly. I also think that being appropriate has gone out of fashion. There are appropriate times to wear appropriate kinds of clothes.
We now understand the distinction between startups - who search for a business model - versus existing companies - that execute a business plan.
It's extremely hard to build a company with a product that everyone loves, is free and has no business model, and then to innovate a business model. I did that with Kazaa, had half a billion downloads but that wasn't a sustainable business.
The value of streaming platforms is estimated at a few billion dollars, and creators can only afford a pizza without pepperoni at the end of the year with the revenues. Without musicians, all those platforms wouldn't exist, so we urgently need an appropriate and sustainable business model for musicians for the 21st century.
In order to change an existing paradigm you do not struggle to try and change the problematic model. You create a new model and make the old one obsolete.
The digital premium business content model is broken and we should all be taking appropriate steps now to ensure the viability of this business is preserved by other means.
You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete.
There is what Steve Blank calls the stage where you are searching for a scalable business model. Then, there is the stage when you have found that model and need to scale it. In the former stage you have to have a "beginner's mind," be in learning mode, and expect to learn things you didn't anticipate.
Fella in business got to lie an' cheat, but he calls it somepin else. That's what's important. You go steal that tire an' you're a thief, but he tried to steal your four dollars for a busted tire. They call that sound business.
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