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Disruption and Technology: The Elephant in the (Board) Room

5 years ago
Anonymous $9jpehmcKty

https://medium.com/@cruizgomez/disruption-and-technology-the-elephant-in-the-board-room-75c151815800

S&P 500 corporations have reduced their life span by 70 percent since 1958.

Organisations have reacted to such a mortality rate by blaming technology, in part because technology became coupled with Clayton Christensen’s disruptive innovation theory, as his work happened to be published right at the time of the dot com bubble burst. Since then, technology was to be condemned for all traditional businesses falling apart. Music record labels accused the music streaming services; retail stores and malls accused Amazon; taxi drivers rushed to the streets to protest against Uber and the likes; and the banks’ hegemony was threatened by cryptocurrencies. It didn’t matter that many of these industry transformations could hardly be categorised as ‘disruptive’ (I’m using brackets here, because, as we will see later, the term has been overtly abused, and it needs a face wash).