In the past decade, we’ve seen remarkable innovations and extraordinary technological advancements change the way we live, play, and conduct business.
Today, anyone with a smartphone has access to general artificial intelligence. We can easily manage everyday tasks (Google Assistant), send money (Venmo), travel about town (autonomous taxis in some U.S. cities), and answer our doors—from anywhere (Ring).
In the world of sports, racing sailboats have gone from large, single wooden hulls to aerodynamic vessels of flight. Their once canvas sails are now wings that carry the team on two or three small hydro-foils faster than the speed of wind.
Simulators and virtual reality are now a part of learning and training. Organizations have become data-driven cultures, led by Chief Data Officers, who work with data scientists and computers that process hundreds of hypothetical questions and answers.
And incredibly, we’re just getting started.
The most notable innovations are the direct result of disruptors: leaders who changed the game. They transformed existing markets (or created new ones) by focusing on convenience, simplicity, accessibility, or affordability.
I have observed how disruptive leaders learned to innovate more quickly, cheaply, and with less risk. But this is no easy feat, especially in today’s accelerated environment. For many, disruption causes anxiety, fear, and leads to disruption fatigue.
Ignoring the problem, or worse, feeding the fear, are not real solutions. Leadership in the time of disruption calls for a two-prong approach: improving current product performance and developing new disruptive technology.
In many cases, starting, re-tooling, and scaling a business is easier than ever before. But achieving and maintaining success is another matter. While rapid innovation and new technologies allow for faster speed to market, there are considerable risks and impacts.
Disruptive leaders have a clear understanding of current, as well as potential future disruptors. They examine their mission and vision. Success is achieved when leaders, executives, and managers lead with careful consideration and mindful intention.