3. Elements of Business Models: Value II

Question 1

What is disruptive technology?

Answer 1

Disruptive technology replaces an existing technology and transforms how businesses are run

Question 2

What are 6 recent examples of disruptive technologies?

Answer 2

1. Cloud Computing
2. Mobile Technologies
3. Blockchain (a continuously growing data record which builds on itself and cannot be amended without this being intrinsically obvious)
4. Digital Wallets
5. Data Analysis
6. Fintech (banking software)

Question 3

What is the critical issue for establish companies when working with disruptive technology?

Answer 3

Survival

Question 4

What are Accentures 5 Tech Trends for companies to be aware of?

Answer 4

1. The Internet of Me
2. Outcome Economy
3. The Platform (R)evolution
4. The Intelligent Enterprise
5. The Workforce Reimagined

Question 5

What is the innovator’s dilemma?

Answer 5

Many companies do not want to stop what they are doing, but also do not want to be left behind.

Question 6

What are the World Economic’s Forum 3 recommendations to address the innovator’s dilemma?

Answer 6

1. Innovation at the ‘edge’ of the company
2. Black Ops - i.e. a team working covertly
3. Copy Google

Question 7

What are the 5 strategies to build disruptive business models?

Answer 7

1. Build
2. Buy
3. Partner
4. Invest
5. Incubate and Accelerate models

Question 8

When should an organisation use the build strategy to build disruptive business models?

Answer 8

1. Time Allows
2. The disruption is closely associated with the core business
3. The company can hire the right people to build

Question 9

When should an organisation use the buy strategy to build disruptive business models?

Answer 9

1. Time is an issue
2. Disruption is critical to survival
3. The core model will have to change substantially for success

Question 10

When should an organisation us the partner strategy to build disruptive business models?

Answer 10

1. It is not strategically important to own the disruptive factor
2. There is opportunity to learn from the partner and a long-term strategic benefit.

Question 11

What are the 5 digital operating models?

Answer 11

1. Customer Centric
2. EXtra frugal
3. Data powered
4. Skynet
5. Open and Liquid

Question 12

Why was the introduction of the CDO role short lived?

Answer 12

Companies discovered that this must be holistic to the organisation, and not viewed as an element or section of the business (i.e., digital operation not in just 1 area of the business).