The Drivers of Change in the Automotive Technologies
Updated: Dec 5, 2022
What is Disruptive Change?
Disruptive change refers to an innovation that creates a new market and value network that eventually disrupts an existing one, displacing established market leading firms, products and alliances.
Surviving the Disruptive Earthquake
The crucial factors for a business that wants to survive disruption is that they must be innovative and adaptive. Innovation and adaptability do not just apply to technology, but to business models as well. If we are not willing to walk away from an existing business that has become threatened, we may not be able to adapt quickly enough when change comes. We need to leverage the existing disruptive forces of Cloud computing, Connectivity and Contextual information wherever possible to help us stay ahead of the disruption.
Change is an inevitable part of the modern business environment where organizations, and the people within them, must constantly re-invent themselves to remain competitive. Sustaining success depends on an organization’s ability to embrace and adapt to a changing environment.