article thumbnail

Apple Pay Is Just a Big Giveaway to Credit Card Companies

Harvard Business Review

It’s easy to assume Apple Pay is one in a long line of disruptive innovations from the master of serial disruption. They would be disruptive if they were selling insurance from a company new to the industry using an independent, low-cost distribution channel, such direct to the customer, either by phone or online.

article thumbnail

Four Suggestions as You Face Your Industry's Steamroller

Harvard Business Review

Instead of waiting to be steamrolled, the company acted on this intelligence and went on a ten-year acquisition binge, acquiring over 90 companies from 2003 to the present at a pace surpassed only by Google. Competition Disruptive innovation Strategic planning' Neither response will move you out of a steamroller''s path.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Henry Ford, Innovation, and That "Faster Horse" Quote

Harvard Business Review

As long as the Model T's design remained ahead of the competition, as long as it competed on price, and as long as the market's needs remained static, this was a successful and disruptive innovation strategy, since Ford had no compelling reason to innovate in any other sphere other than cost- and price-reduction.

article thumbnail

The Industries Apple Could Disrupt Next

Harvard Business Review

But in our view, Apple faces a deeper problem: the industries most susceptible to its unique disruptive formula are just too small to meet its growth needs. Apple has seemingly served as an anomaly to the theory of disruptive innovation.

article thumbnail

To Innovate, Play with Pieces Off the Game Board

Harvard Business Review

It is one that I tell in my book, The Coming Prosperity ) When he started building the mobile phone company Roshan in 2003, he faced some singular challenges. Truly game-changing institutional innovations are unlikely to come about from internalizing the rules and making the moves that allowed others to win.

article thumbnail

To Innovate, Play with Pieces Off the Game Board

Harvard Business Review

It is one that I tell in my book, The Coming Prosperity ) When he started building the mobile phone company Roshan in 2003, he faced some singular challenges. Truly game-changing institutional innovations are unlikely to come about from internalizing the rules and making the moves that allowed others to win.

article thumbnail

What Watching Too Much Star Trek Gets You

Harvard Business Review

In the early 2000s, the notion of open innovation was still reasonably fringe stuff in business circles. Henry Chesbrough's seminal book on the topic wasn't published until 2003. Breaking Out" stood proudly at the lunatic fringe of innovation. Disruptive Innovation Comes to Health Care. at least warp drive. _.