A renowned Harvard University Professor – Clayton Christensen, who first coined the term “Disruptive Innovation”, wrote in his book “The Innovator’s Dilemma” identified the 5 key reasons as follow: 1. Lack of the right culture within the company 2. Too focussed on their current mainstream customers’ needs 3. Lack of urgency to pursue disruptive innovative business model 4. Fear […]
Category: Business
The importance of knowing what motivates people, especially in this COVID-19 world.
A mismatch of what Science knows and what Business does. Companies often use extrinsic motivators such as a big fat pay cheque and huge bonus to retain an employee’s loyalty. This might work in the 20th century and pre-COVID-19 world, where companies have fixed operational processes with clear outcomes. However, in this 21st Century and […]