Darwinism of Business Strategy
Your customers are changing. Your customers want more, they want different, they want new, the want fully-loaded, and the want minimalism. How will you adapt?
It’s easy to stay with the status quo. A wise person doesn’t rock the boat, the old adage goes. But that’s assuming the sea is calm of course. What if the sea has transformed into a turbulent hurricane and the only way to stay afloat is to rock the boat and embrace the waves?
Business isn’t getting less turbulent, you may think your organization is immune but when it comes time for layoffs, a horrible “I told you so” is going to be the last thing you remember from your obsolete job.
It’s survival of the fittest on a whole new level.
The only constant is change. You must adapt. You must cannibalize your own products. Steve Jobs said this. His rationale was that if you don’t cannibalize your own products your competitors will.
Your core ‘why’ may never change but you’re probably going to change everything else about your product/service offering. Why wait till the market forces you to change? Why not lead change?
Plan to innovate. Plan to get feedback on your innovation. Plan to measure what works and be willing to change the plan based on the feedback you receive.
The organizations that thrive in 2013 and beyond will have a determination to adapt. A willingness to change for the better. They will take calculated risks and understand that the riskiest place to be is standing still avoiding change.