Are you a fan of disruption? If so, you should consider investing in disruptive innovation. Disruptive innovation is the process of creating new, better, or cheaper versions of an existing product or service. It can involve many different kinds of companies, including startups, large corporations, and start-ups with capital to burn. Innovation has become an essential driver of business success over the last few decades and will continue to do so in the future. By investing in disruptive innovation, you’ll be a part of history by going against the grain. Instead of staying with the status quo, why not try something new? And that’s what investing in disruptive innovation can provide for you. It’s not always easy to know where your competitors are heading but there’s probably no shortage of opportunities out there that could use a jolt of fresh air.
In this article, Jeremy Abelson, an experienced investor in disruptive innovation will share more about why you should invest in disruptive innovation and how it can help take your business to the next level.
What is disruptive innovation?
Blockchain technology, artificial intelligence, fees as a percentage of trading volume, and other new technologies have been making waves in the industry for the last few years. However, Jeremy Abelson indicates that disruptive innovation, also known as disruptive technological change, is the shift in the way organizations do business. Not only is it happening more often in the business world, but it’s also having a direct impact on how we buy and sell products and services as well.
Why Invest in Disruptive Innovation?
Investing in disruptive innovation will provide you with a way to gain a competitive advantage in the market by creating a new and better version of an existing product or service. Jeremy Abelson indicates that you can use this new product or service to gain a competitive advantage over your competitors and disrupt the market. With so much change and disruption occurring in the market, it’s important to understand how you can benefit from this change.
Start With a Big Picture
While it’s easy to get caught up in the minutiae of startup life and forget about the big picture, Jeremy Abelson indicates that it’s important to remember that disruption is a long-term trend that will affect the entire market. The best companies recognize the long-term impact of new technologies and adopt a disruptive innovation mindset to take advantage of new opportunities. Investing in disruptive innovation will allow you to take advantage of this changing market environment by creating a new and better version of an existing product or service.
Help Ensure Growth
The best companies understand the importance of investing in innovation to ensure growth. New business opportunities are exciting, but they also come with some risks. The market is currently experiencing a shift in the way that consumers engage with media and entertainment. As a result, traditional media outlets are facing disruption as more people are coming to rely on on-demand video and other digital video services. This shift will also have an impact on distribution, which will have an impact on ad sales and revenue. Investing in disruptive innovation will allow you to take advantage of this shift in the market and help ensure the long-term viability of your business.
Bottom Line
Jeremy Abelson indicates that investing in disruptive innovation is a great way to increase your business’s chances for success. By going against the grain, you’ll be a part of history by taking a risk that may lead to a different way of doing business. Making this shift in the way you do business can provide a big boost for your business as well as the entire market.