Competitive Edge
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Competitive Edge
Creating your Unique Value Proposition to gain your Competitive Edge.
Curated by Marc Kneepkens
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​Your industry will be disrupted (again) in three years

​Your industry will be disrupted (again) in three years | Competitive Edge | Scoop.it

Whatever industry you’re in, a rethink will be due soon, says SAS’ Evan Stubbs. And that goes for the forty year old analytics company too. Read more: click image or title.

 

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Via Paulo Gervasio
Marc Kneepkens's insight:

#Technology, #AI, #robotics, #IoT, all are part of the exponential changing spiral we're experiencing now. 

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The Surest Sign You’re Winning is When Goliath Takes a Swing at You

The Surest Sign You’re Winning is When Goliath Takes a Swing at You | Competitive Edge | Scoop.it

I’ve been involved with several startups where a giant incumbent attacks you and tries to sue you out of existence. When you first receive the threat it feels like the local pizza shop when they first get a call from the local mafia boss and you can feel the shake-down coming. The first instinct is fear, then dread, then panic. You begin to think about how hard it will be to fund raise, sign customers, hire employees, etc. with the cloud of a lawsuit hanging over you.

That’s what bullies want. They are trying to intimidate you. It’s like the big kid at school who realizes you’re smarter, nimbler or more charming and their only defense is to punch you in the nose quickly hoping you’ll shrink slowly into a corner. Read more: click image or title.

 

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Marc Kneepkens's insight:

Great blog article from Mark Suster, must-read.

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Your on-demand startup won't be around in five years without these three things

Your on-demand startup won't be around in five years without these three things | Competitive Edge | Scoop.it

The supposed startup “bubble” and the on-demand economy are two of Silicon Valley’s most common discussion topics right now. VCs, media, and executives are all talking about them, and one of the most popular arguments is that the on-demand economy will be the first casualty of a bubble that is allegedly starting to burst.

The good news is that plenty of on-demand companies are thriving, innovating and doing exceptional things for the world. However, a slew of these businesses are fundamentally built on a model—on-demand delivery—that had no chance to begin with.

So-called “on-demand” companies can be divided into two categories: (1) those using technology as leverage for a new way of providing a service, and (2) those that classified a mobile app as “technology” and simply added “delivery." For many companies, on-demand is unnecessary. For example, I am a massage addict, and while it is nice to have a therapist come to my house, I don’t need my massage therapist “on-demand." I can keep to my regularly scheduled appointments. By contrast, companies like Uber/Lyft, Airbnb, and even Amazon have found ways to make an on-demand business that is both necessary and sustainable. Read more: click image or title.

 

 

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Via Pantelis Chiotellis
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What does it take to make your #on-demand #startup succeed?

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Why Tesla Will Destroy the Automobile Industry

Why Tesla Will Destroy the Automobile Industry | Competitive Edge | Scoop.it
Traditional car manufacturers are clueless when it comes to the effective use of digital technology.

If there's an example of a company about to disruptively innovate an entire industry, it's Tesla.

Partly, this is because of raw technology--Tesla's is clearly superior to that of its competitors. 

Partly, it's because Tesla has a more efficient business model. As Slate recently pointed out, Tesla bypasses value-subtracting dealer franchises and universally disliked car salespeople.

More important, though, Tesla will kill traditional car companies because companies like GM, Ford, and Honda simply do not understand digital technology and are unlikely to understand it any time soon.

Tesla is a high-tech company that happens to be making automobiles. They understand technology because without technology a Tesla is just a huge, expensive paperweight. Read more: click image or title.

 

Marc Kneepkens's insight:

We have seen some industry #disruptions already. Big ones like the #auto industry is still to come. It's happening right now.

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Maturing markets = higher stakes, closing doors

Maturing markets = higher stakes, closing doors | Competitive Edge | Scoop.it
Interesting piece by Jessica Lessin in The Information today: The End of Tech Startups:
Big tech companies are getting better at fending off competition from startups by adopting many of the tools and distribution platforms used by the upstarts. That will force startups to become more inventive or to go outside of tech.

I think this premise is exactly correct. Though it’s easier to start a company than ever before, it’s harder to compete. There are several reasons, as Jessica outlines. But one way I think about it is, in every maturing market, over time, value moves up the stack. Read more: click image or title.

Marc Kneepkens's insight:

The #startup approach of #disruption, great #ideas and #innovation is so widespread now, even the corporations are integrating it in their corporate structures. The future startups will have to be very clever and come up with a new level of disruption.

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5 ways ecommerce will change in 2016

5 ways ecommerce will change in 2016 | Competitive Edge | Scoop.it
From mobile wallets to new lending platforms, from buy buttons to one-touch payments, 2015 saw the world of digital commerce advance in innovation and increase in popularity. What does 2016 hold? Based on emerging technologies and industry trends, here are five predictions we see changing ecommerce in the coming year.

Read more: click image or title.




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Marc Kneepkens's insight:

#Disruption is everywhere. When it comes to #money, there is still a lot of change on its way.

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Artificial intelligence: ‘Homo sapiens will be split into a handful of gods and the rest of us’

Artificial intelligence: ‘Homo sapiens will be split into a handful of gods and the rest of us’ | Competitive Edge | Scoop.it

A new report suggests that the marriage of AI and robotics could replace so many jobs that the era of mass employment could come to an end.

If you wanted relief from stories about tyre factories and steel plants closing, you could try relaxing with a new 300-page report from Bank of America Merrill Lynch which looks at the likely effects of a robot revolution.

But you might not end up reassured. Though it promises robot carers for an ageing population, it also forecasts huge numbers of jobs being wiped out: up to 35% of all workers in the UK and 47% of those in the US, including white-collar jobs, seeing their livelihoods taken away by machines.

Haven’t we heard all this before, though? From the luddites of the 19th century to print unions protesting in the 1980s about computers, there have always been people fearful about the march of mechanisation. And yet we keep on creating new job categories.

However, there are still concerns that the combination of artificial intelligence (AI) – which is able to make logical inferences about its surroundings and experience – married to ever-improving robotics, will wipe away entire swaths of work and radically reshape society.

Read more: click on image or title.



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Marc Kneepkens's insight:

We are living in a major revolution of #technology and #disruption. The rate of change is going up exponentially. Be ready for more major steps in your lifetime.

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The ET's curator insight, November 23, 2015 11:03 PM

Future fear?

Ed Fernandez's curator insight, November 24, 2015 11:23 AM

Maybe they could fight our wars for us? Nah, they are too intelligent...

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Three Industries That Are Ripe For Disruption

Three Industries That Are Ripe For Disruption | Competitive Edge | Scoop.it

We live in an age of disruption – and that's a good thing. Industries will be transformed. Major companies will fall. Old systems will collapse as entrepreneurs figure out how to optimize and reinvent inefficient businesses, products, and services to provide consumers (us) with all things better, faster and cheaper. According to the Olin School of Business, 40% of today's Fortune 500 companies will be gone in the next 10 years. This blog is a quick look at three industries (Healthcare, Finance and Insurance) that are ripe for disruption this decade due to big data and artificial intelligence.

Clearly big data and AI will change almost every industry this decade... but none more than these. Read more: click image or title.



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Via Josie Gibson, Ian Harris
Marc Kneepkens's insight:

Uber is a great example of #disruption. A complete industry is being replaced and put on alert. The sheer essence of #competitiveness is at play. Now put that into perspective with health care, finance and insurance. This article sheds a whole new light on why these industries are changing as we speak. #BigData, #AI - Artificial Intelligence, #Technology... it's happening now.

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Ian Harris's curator insight, October 10, 2015 1:52 AM

Good for thinking about opportunities!

Oscar Padilla's curator insight, October 12, 2015 5:23 PM

I think healthcare is by far the most important industry that can benefit from a shake-up.


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Guide to 12 Disruptive Technologies

Guide to 12 Disruptive Technologies | Competitive Edge | Scoop.it
Description of 12 disruptive technologies for 2014

What is a disruptive technology? According to Clayton M. Christensen, an Harvard Business School professor a disruptive technology is a new emerging technology that unexpectedly displaces an established one.  Christensen used this term for the first time in his 1997 best-selling book entitled “The Innovator’s Dilemma”.  In it the author established two categories of new technologies: sustaining and disruptive. Sustaining technologies corresponds to well-known technologies that undergo successive improvements, whereas Disruptive technologies means new technologies that still lack refinement, often have performance problems, are just known to a limited public, and might not yet have a proven practical application. Disruption can be seen at a different angle, if we look at how the word means, something that drastically alters or destroys the structure of society. Disruptive technologies hold within themselves the capacity to alter our lifestyle, what we mean by work, business and the global economy. What are those technologies? And what will be the benefit they will bring to the world where we live in?

According to a report published by the McKinsey Global Institute, there are 12 technologies that can produce great disruption in our near future as they might transform the economy and our lives. McKinsey Global Institute report also offers quantitative data on how the outlined technologies can impact the economy, and what are the risks these will bring. Curiously, the concepts behind those technologies have been around for a long time. Here we outline a list of 12 of the most disruptive technologies:

Click title or image to read article.


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Via Richard Platt
Marc Kneepkens's insight:

That's about all of them lined up, know of any others?

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Pierre Casanova's curator insight, January 6, 2015 2:43 AM

Another list of disruptive technologies.

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How to Build a Culture of Innovation Pt. 2: The 12 Pillars of Innovation

How to Build a Culture of Innovation Pt. 2: The 12 Pillars of Innovation | Competitive Edge | Scoop.it

In part one of this series on how to build a culture of innovation, I focused on the challenges organizations face as they inevitably face disruption from direct and emergent competitors. But it's not just external competition, it's also internal forces that prevent companies from unlocking creativity to compete. As Viktor E. Frankl once said, "It isn't the past which holds us back, it's the future; and how we undermine it, today."

 

Why do we need to change? We're profitable today! Change is for everyone else right?

 

Wrong.

 

Change happens to us or because of us. In an era of digital Darwinism, technology and society are evolving faster than the ability for many to adapt. We have a choice in how our story unfolds. But it's a classic story of leading or following. People around you want to see what others are doing to change. At the same time, those companies that are figuring out how to change are already ahead of the game. Here you are trying to justify it by way of examples. digital Darwinism doesn't wait or discriminate. Natural selection favors those that at least try.

 

You know in your heart that in order to change requires a new perspective followed by a new approach, supported only by relentless execution and learning. The good news is that there are companies that are successfully thriving in an era of digital Darwinism. You have precedent to lean on. But you and I know that even with examples, the real challenge is making the case and ultimately taking the first step. Once you do, momentum carries you forward.

To read the full article, click on the image or title.


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Via Russ Merz, Ph.D.
Marc Kneepkens's insight:

Innovation is inevitable in this fast changing culture of business. It takes courage, wit, imagination.

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Russ Merz, Ph.D.'s curator insight, March 31, 2014 8:18 AM

Good advice for how to create a culture of innovation and disruption within an organization.

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Don’t Focus on the Problem, Innovate past it !

Don’t Focus on the Problem, Innovate past it ! | Competitive Edge | Scoop.it
The second group came up with much more elegant and effective designs. The first group focused on the problems with the existing design and that constrained their thinking. 
The study was carried out by researchers David Jansson and Steven Smith and is mentioned in David Niven’s book, It’s Not About the Shark. The title of the book refers to the problem which the then unknown director Steven Spielberg had in 1974 while shooting Jaws. The movie script involved many scenes showing a monster shark but the mechanical model shark they used had recurring technical faults and kept failing. The movie was running well behind schedule and ahead of budget. The problem was the shark which just would not work. Read more: click image or title.
 

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Via Fouad Bendris
Marc Kneepkens's insight:

Don't focus on the box, step out of it. 

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Fouad Bendris's curator insight, June 24, 8:52 AM
Two groups of engineering students were given a similar task – to design a bicycle rack for a car. The first group was shown an existing but poorly designed roof rack for bicycles. They looked at all the issues with the current design and then set out to come up with something better. The second group was not shown the ineffective roof rack; they were simply told to design a really good bicycle rack.
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Six Digital Disruptors Emerge as Finalists in Global Innovation Grand Challenge 2016

Six Digital Disruptors Emerge as Finalists in Global Innovation Grand Challenge 2016 | Competitive Edge | Scoop.it

Six Digital Disruptors Emerge as Finalists in Global Innovation Grand Challenge 2016.

The final sprint is on to the finish line spotlighting the world’s most disruptive digital innovators for industry.

It is my distinct honor to announce the six finalists of this year’s Innovation Grand Challenge. These six superstar startups rose to the top of a competition launched last May at the Pioneers Festival in Vienna, attracting more than 5,500 participants from 150 countries that spanned every continent except Antarctica.

They are all digital trailblazers with the best potential to shake up private and public market sectors by harnessing the power of Cisco’s digital platform. 

Read more: click image or title.

 

 

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Dave...I downloaded your business plan template...It is great!!!...My tax consultants say your plan is amazing. Thanks Dave!!!


Via Tony Shan
Marc Kneepkens's insight:

Amazing new #technologies.

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Successful Disruption: Breaking Through The Brink

Successful Disruption: Breaking Through The Brink | Competitive Edge | Scoop.it

Avoiding digitization is no longer an option for professional services. Future growth depends on adapting to new digital methods and processes.

he professional services industry is on the brink of disruption. The digital revolution is here, and it is impacting the business. The key areas affected are the digitization of expertise, talent, service delivery and customer engagement. Read more: click image or title.

 

 Find or list funding opportunities:

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Via Ian Harris
Marc Kneepkens's insight:

#Digitization is inevitable. It is not just getting a website anymore, it's a complete overhaul of how you approach business.

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Ian Harris's curator insight, May 6, 2016 11:30 PM

Professional services are being disrupted. Thankfully!

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What can automotive brands learn from the Tesla website?

What can automotive brands learn from the Tesla website? | Competitive Edge | Scoop.it

Tesla recently announced that pre-orders of its Model 3 hit a quarter of a million in just the first 36 hours.

Now seems like a good time to have a little look at the Tesla website.

I've previously written about how frustrating automotive websites have traditionally been, with copycat designs and poor UX as standard.

So, how does Tesla's website shape up?

Few superlatives

The thing I noticed most on Tesla's website was the lack of celebratory guff.

All you have to do to find out what I mean by this is look at luxury car websites. Here's an example of typical copywriting from other manufacturers:

  • A masterpiece of intelligence (Mercedes).
  • The centre of attention wherever it goes (BMW).
  • Meticulous in every detail. Unrivalled as a whole (Cadillac).

Okay, Tesla perhaps has enough brand cachet to avoid this marketing speak, but it still deserves praise for the functional way it sells its features. Here are some section headings:

  • Built around the driver.
  • Seating for seven + gear.
  • The touchscreen.
  • Everything fits.

To be fair to the competition, this kind of plain-speaking copy is actually back in fashion and many luxury sedan makers are with Tesla on this one.

Check out Lexus and Jaguar for more simple and effective copy.

Read more: click image or title.

 

 

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Via Brian Yanish - MarketingHits.com
Marc Kneepkens's insight:

Great article. #Tesla shows why their cars are #user-friendly, #cost-effective, and why they are creating a total #disruption in the #car industry. Great use of a #website, addressing benefits and concerns in a very gracious and convincing way. Take a look at these little videos from Tesla owners all over the world.

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4 Tips for Launching Minimum Viable Products Inside Big Companies

4 Tips for Launching Minimum Viable Products Inside Big Companies | Competitive Edge | Scoop.it
You have to act like a real startup.


“We have to disrupt ourselves before the market does.” It’s not an uncommon mandate today. Established enterprises need to innovate to keep pace with the more nimble, smaller startups. Perhaps no approach has captured the imagination of big companies yearning to get more nimble than the lean startup method: quickly building and launching minimum viable products — MVPs — and then iterating and pivoting based on market feedback. Read more: click image or title.



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Via Pantelis Chiotellis
Marc Kneepkens's insight:

The concept of a #startup has become the epitome of 

#innovation or #disruption. This article describes how to integrate the idea of a lean startup into a corporation.

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malek's curator insight, February 7, 2016 7:09 PM

Although the "Lean Startup"  is just a few years old, its concepts—such as “minimum viable product” and “pivoting”—have quickly taken root in the start-up world, and business schools have already begun adapting their curricula to teach them.

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TransferWise Wants To Take Over The World

TransferWise Wants To Take Over The World | Competitive Edge | Scoop.it

TransferWise co-founder and CEO Taavet Hinrikus took the stage at Disrupt London to tell his company's founding story. TransferWise has had a big year, and it looks like 2016 will be a big one, as well.

TransferWise lets you save on bank fees when you need to make international transfers between multiple bank accounts. The startup’s secret sauce is a peer-to-peer model. For instance, if you have GBP and want to send EUR, TransferWise will automatically match you with people who want GBP and give you EUR in exchange.

But it doesn’t stop here, as TransferWise is totally transparent. Making transfers takes minutes, as the company takes care of everything once you have entered all the details. But how did Hinrikus come up with TransferWise’s idea?

“During my time at Skype when I realized this problem, at one point I moved from Tallinn to London. I had to go to a bank branch every month and move my money,” he said. “I looked at my statement and wow — first of all, it takes way too long for the money to arrive, and second I realized some money was missing.” Read more: click on image or title.



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Marc Kneepkens's insight:

#Disruption on the banking industry. Classic example of specializing on a narrow segment and proving to your potential clientele how much they save. Take a look at their website.

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Filipina startup founder shares stage with Obama, Jack Ma

Filipina startup founder shares stage with Obama, Jack Ma | Competitive Edge | Scoop.it

Aisa Mijeno seizes the moment and tells US President Obama and Alibaba's Jack Ma that her company needs support.


MANILA, Philippines – She founded a local startup that provides alternative energy using salt water. On Wednesday, November 18, Aisa Mijeno, CEO of SALt (Sustainable Alternative Lighting) shared the stage with US President Barack Obama and world billionaire Jack Ma at the Asia-Pacific Economic Cooperation CEO Summit.

In a last-minute change in the summit's program, Obama moderated a session after his speech on climate change.

He then asked 30-year-old Mijeno, an engineer and co-founder of SALt, "How can the public and private sector help entrepreneurs like you?" Mijeno replied: "We’re trying to mass-produce the lamps. We just need someone to fund us to get the project moving."

The US president then pointed to Ma, who runs the world's top e-commerce platform, Alibaba, to the crowd's applause. Read more: click image or title.




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Marc Kneepkens's insight:

#Billionaires and #Presidents can support small business initiatives in a big way. This Filipina #entrepreneur was able to seize the moment...

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What Is a Business Model? - HBR

What Is a Business Model? - HBR | Competitive Edge | Scoop.it

http://snip.ly/NJnr

A history, from Drucker to Christensen.

...Introducing a better business model into an existing market is the definition of a disruptive innovation. To help strategists understand how that works Clay Christensen presented a particular take on the matter in “In Reinventing Your Business Model” designed to make it easier to work out how a new entrant’s business model might disrupt yours. This approach begins by focusing on the customer value proposition — what Christensen calls the customer’s “job-to-be-done.” It then identifies those aspects of the profit formula, the processes, and the resources that make the rival offering not only better, but harder to copy or respond to —  a different distribution system, perhaps (the iTunes store); or faster inventory turns (Kmart);  or maybe a different manufacturing approach (steel minimills)...

To read the whole article and see a summary of business models click here:

http://snip.ly/NJnr



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Great info. Loving your business plan template, makes writing a plan almost fun.


Craig Heppell
Nambour, Queensland

Marc Kneepkens's insight:

Excellent article and overview of many business models. Must read for any entrepreneur and business developer.

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Ian Harris's curator insight, February 8, 2015 7:50 PM

A good refresher on exactly what a business model is and how they have developed.

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Marc Andreessen teaches startups what disruption is really about (in 17 tweets) | VentureBeat | Entrepreneur | by Jordan Novet

Marc Andreessen teaches startups what disruption is really about (in 17 tweets) | VentureBeat | Entrepreneur | by Jordan Novet | Competitive Edge | Scoop.it
Marc Andreessen is one of those few people whose opinion about disruption is actually worth paying attention to.

You’ve probably heard about “disruptive innovation,” a concept from Harvard Business School professor Clayton Christensen. But prominent Silicon Valley Marc Andreessen wants to be sure that you actually understand disruption — because the term does get thrown around a lot.

In his latest onslaught of tweets, Andreessen this morning first quoted from Christensen’s writings and then went on to provide examples. And then he went on to show why people really should be in favor of disruption.

And it’s worth paying attention to Andreessen on disruption, given that he was one of the key people behind the Netscape Navigator web browser, a hit among consumers that improved on the Mosaic web browser he had developed for the National Center for Supercomputing Applications.

The position from Andreessen, a cofounder of the venture capital firm Andreessen Horowitz, amounts to a strong defense of the concept. It’s quite a bit different from New Yorker writer Jill Lepore’s critical take on it.

Andreessen’s newly articulated stance could well bring on a whole new round of discussion about the already widely cited term.

To see the series of Tweets, go here to the original article: http://snip.ly/2M7P



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Marc Kneepkens's insight:

Every wondered what disruption is really all about? It's probably much more than you imagined.

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