Complacency is the achilles heel- check out these warning signals.
Sign No. 1: Your Industry Has Significant Regulatory Burdens
Sign #2: Your Customers Have to Work at Managing Their Costs
Sign #3: Your Customers’ Experience Isn’t Positive — or Even Neutral
MITSloane Management Review highlights specific segments under threat:
- Air travel
- Real estate
- Health care
- Insurance- General & Life & Protection
- Banking
Time to anticipate the disruption with action rather than just planning.
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A number of industries seem to be “safe” from disruption, but often the markets most at risk do not see it coming. Who would have predicted, for example, that Amazon would follow its acquisition of Whole Foods Market with a jump into health care? We have looked at common patterns among more recent business model innovations and determined three major signals that your industry could be on the precipice of major change.
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