E2 - 3. Value in Business Models (II)

Question 1

What is disruptive technology?

Answer 1

That which replaces existing technology and transforms how businesses are run

Question 2

What are 4 key examples of disruptive technologies?

Answer 2

1. Cloud computing
2. Mobile technology
3. Blockchain
4. Big data analytics

Question 3

What are the 3 main benefits of digital distruption?

Answer 3

1. Improved customer experience
2. Opportunity to grow
3. Development of the workplace

Question 4

What are the 3 solutions to addressing the ‘innovators dilemma’?

Answer 4

1. Innovate at the edge
2. ‘Black Ops’ innovation
3. ‘Copy Google’ - big ideas and partnering

Question 5

What are the 4 main options to embracing disruptive technology into a business model?

Answer 5

1. Build
2. Buy
3. Partner
4. Invest

Question 6

What are the 6 digital influenced operating models?

Answer 6

1. Customer centric
2. EXtra frugal
3. Data powered
4. Skynet
5. Open
6. Liquid

Question 7

What is the recommended way to foster digitalisation?

Answer 7

Make it part of culture - holistic, not just a role

Question 8

What are the 3 Rs that contribute towards making a company an employer of choice?

Answer 8

1. Reputation
2. Reward
3. Respect