Author Archive | paulbroadfoot

uncork your disruption potential

Get Naked on Innovation and Disruption

It turns out that a fast-hack into innovation and disruption to build TRUST, TRIBES and TRACTION in your organisation comes from treating your employees like customers.   How so ?   Naked Wines promises great wines at wholesale prices delivered to you overnight. Nothing special there. But they go ahead and provide a few twists on the […]

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War for Talent is so yesterday. It’s a war for Intrapreneurs

It doesn’t much matter which stats and odds you look at (and we’ll get to a few in a minute), business longevity is falling. At the same time there is an increasingly attractive world to employees outside our larger institutions, for employment and entrepreneurship. Capital and knowledge have become more accessible in the digital, sharing […]

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From sewing machines to 3D printers – the great unwinding of the efficiency and productivity era

The First and Second Industrial revolutions pulled people into factories. The rise of mass production dramatically lowered the cost of goods, which in turn spurred demand. In some cases new markets were created. Many of these goods offered people time savings. The combination of being able to access cheaper and cheaper products that also afforded […]

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Innovation Speedboat

The Innovation Speedboat every organisation needs to power new growth (5 min video)

Garage Gigs for Growth (#2) Innovation has been high on the National and Corporate agenda for the past couple of years. There has been a lot of money and resources sloshing around focused on getting new growth opportunities to fly. But just like the Birdman Rally at Moomba, some endeavours are doing better than others. […]

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A very important fourth type of innovation (3 min video)

Garage Gigs for Growth (#3)   There are different types of Innovation. Australia for years now has been obsessed with Company Innovation, working to make things more optimised and efficient in an effort to drive costs lower. Finding new ways to take labour out of the product and service offering has been a national sport. […]

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The Pony Express showed us a way to innovation

The Pony Express showed us a way to innovation, but more on that in a minute… Put simply, there are two ways to innovate. (1)    Product and Service Innovation (2)    Business Model Innovation (new ways of working) Some of the world’s biggest and most successful start-ups have focused on (2) whilst many large incumbents are […]

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A Smack for Professional Services

Well its only gunna be a smack if (A) you love status quo and don’t want to change/improve AND (B) you are NOT already a leading version of your industry. We walk into the doctor’s practice, wait for… now let me think… too bloody long and then have the pleasure of being called from afar, […]

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Planet Plexus – the revolution that’s changing your world

A few years ago McKinsey published the evolution of the Earth’s economic centre of gravity (the image reproduced here by the Economist)…… The Industrial Revolution was one of the main forces in moving our centre of gravity from Asia across Europe towards the US. Two hundred years later, we have another revolution occurring… In their […]

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Will you be the next leader accused of being an Ostrich?

We often hear about large businesses that get into trouble, a bad quarter, a bad year, downsizing, poor sales and so it goes… We then get a chance to be armchair critics, Monday Morning Quarterbacks, to throw rocks from afar. We then level, our sometimes informed and sometimes ill-informed, critiques at leadership performance. Heads in […]

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Entrepreneurial Strategy, not just for entrepreneurs

Entrepreneurs haven’t changed but the world they live in has Once upon a time, If you investigate who coined the term Entrepreneur you’ll see Jean- Baptiste Say (1767-1842) widely credited as doing so around 1800. Whilst it’s true he popularised it, he was not the originator. That accolade goes to an Irish economist and financier […]

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When is disruption NOT disruption?

In Clayton Christensen’s latest article in HBR (Dec 2015) “What is Disruptive Innovation”, he reminds everyone, rather sternly (or is it just me?) what his definition of disruption is. As he is the father of the theory, we should give it due air time. He asserts that disruption is when a new entrant begins to […]

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When is 70% off too much?

When is 70% off too much? Last week both Dick Smith and Laura Ashley (Australia) went into administration. They were founded within 3 years of each other;  Dick Smith (1968), Laura Ashley (Australia, 1971). They both beat most of the odds for a long time. They could have been in the 40% of businesses that […]

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Intrapreneurs are your early warning system

In 1986, in Britain’s mining industry, there were 200 redundancies issued. It was an underground movement to replace these jobs with technology. Those made redundant weren’t as disappointed as you might think even though they received no severance pay. In fact, they remained quite chirpy despite losing their jobs.   Canaries had been used in […]

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Why backing SMARTphone leaders could be STUPID

The Sage of Omaha once said, and I paraphrase a little, that when you get a technology based transformation its much easier to pick the losers than pick and make money on the  winners. His cases in point were the automobile and the plane. Whilst cars changed the way people moved around forever more,  it […]

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Disruption and Innovation

The three perspectives you need for strategy (6 min video)

Apart from the usual strategic fare on offer on the retro chalkboard – there is also a ‘fun’ moment when I disappear offscreen. Hey – they aren’t Garage Gigs for nuttin’. This episode of Garage Gigs for Growth helps you look at your strategy work in the context of three different approaches to growth. There’s two […]

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A Tale of Invention, Survival and Modern Day Unicorns

We could be forgiven for being confused about business improvement… It’s no wonder a great proportion of businesses are unremarkable. They receive seemingly contradictory advice on how to grow. It becomes unclear what to do next when results are declining. We are expounded to do the following on a regular basis from all the business […]

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3AW and 2GB Interview with Steve Price and Heidi Armstrong – Disruption and Innovation (18 min radio interview)

Reverse Disruption…   I had a great time talking with these two savvy and generous media folk. As we all know its a jungle out there in business (ha) and we must adapt faster for the future. Hope you enjoy this 18 minute chat on some different angles on disruption – including “reverse disruption”.   […]

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Subscription revenue models for airlines, what can we learn?

The latest gust of subscription revenue models can be seen in the airline industry. Subscriptions are popping up everywhere. This month there was another example of an airline subscription model launched with OneGo’s entry into an increasingly populated space. OneGo offers unlimited flying on 700+ commercial airline routes in the US, from 76 airports for […]

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Why we need to shift our focus from just product innovation to business model innovation.

Organisations often spend a lot of effort on innovating their next product breakthrough but little time innovating the way they work. We need to shift our focus from just product innovation (the WHAT) to HOW our businesses are structured and function. Innovating the Enterprise Model is the imperative, here’s why. Sharp Corporation (Japan) is in […]

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Image Credit David Clode on Unsplash

How lazy is your strategy?

Your strategy is lazy if it’s… More internally focused than externally leading I see too many company strategies that are straight line, incremental and focus far too much on internal improvements. Savvier are those with a great focus on their customers. But the best leaders have their eyes on the market view and what’s changing. More […]

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Photo by Valentin Antonini on Unsplash

FAST-Hacks for Disruptive Strategies

FAST-Hacks for Disruptive Strategies When Amazon decided to acquire Wholefoods and plunge into bricks and mortar food retail… When Netflix decided to invest billions in becoming a content creator instead of just a distributor… When McDonald’s Australia launched McCafe in a world first… When Starbucks moved from coffee wholesaler to retailer… When IBM moved from […]

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Which business models are under attack?

Business Model Innovation CBA has bought a $300,000 robot to put in its innovation lab. That’s a pretty symbolic statement for a company with over 1100 branches. Estimates of the impact of Robotic Process Automation on bank branch jobs vary considerably, potentially ‘saving’ between 20% and 50% of employee’s routine processing. As with driver-less transport, […]

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Disruptive Innovation growth strategies

Disruptive innovation growth strategies (6 min video)

Garage Gigs for Growth (#5)   This weeks Garage Gig for Growth  provides a framework for understanding the difference between different disruptive innovation growth strategies. It’s a powerful way to think about your growth strategies and the potential for future competition in your market. Disruption and innovation are overused terms and often mentioned together as […]

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Low price is not a strategy

What’s that burning smell? Why your market price is toast

The perilous path of perpetually plummeting prices…. ok ok – there is such a thing as tooooo much alliteration The ebbs and flows in business are leading to higher high-water marks in service and lower low-water marks on price. I ordered a journal on line two weeks ago and it took three weeks to come. […]

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