Due to the digitization at play across industries right now, newer business models are getting created and older ones disrupted constantly. Disruption need not be a negative word as often perceived. Instead it is the game-changing moment when an upstart becomes the business leader and legacy companies may look clueless. Kodak is a poster child of this occurrence as it failed to beat off competition from film based cameras. A partner at management consulting firm Inno-sight provides some useful insights on this happening. He says that two things are needed in order to embrace business disruption. One is to reposition the existing business to ward off the disruptors. The other is to actually take advantage of such changes and win business value oneself. This cycle will complete what is known as Dual Transformation.

Source:https://hbr.org/ideacast/2017/04/to-reinvent-your-firm-do-two-things-at-the-same-time?referral=00563&cm_mmc=email-_-newsletter-_-daily_alert-_-alert_date&utm_source=newsletter_daily_alert&utm_medium=email&utm_campaign=alert_date&spMailingID=17012625&spUserID=OTY0OTMwNTk5NwS2&spJobID=1001212716&spReportId=MTAwMTIxMjcxNgS2

Uploaded Date:14 July 2017