A strategic inflection point, a term first coined by Andy Grove in his landmark book Only the Paranoid Survive, represents a turning point for your business. In this lively Google Hangout with myself and Robots & Pencils CEO Michael J. Sikorsky, we explore a number of topics related to strategic inflection points, including:
* What a strategic inflection point is
* How to think about the timing of your strategic actions – not too early, not too late
* Why the hearing aid business is ripe for a disruptive inflection point
We talk about how entrepreneurship is changing, in that more companies are being founded to be sold, rather than scaled themselves, changing the nature of incentives for would-be entrepreneurs. This changes the fundamental assumptions about startup success.
Why the fourth industrial revolution is changing from the time when humans were poor substitutes for robots to being essential to creative endeavors.
Why a ‘follow the talent’ strategy may be where smart organizations are going.
Why platform strategies are so difficult to pull off.
Why we go through cycles of bundling and unbundling.
Why understanding the customer ‘job to be done’ should guide your investment choices.
And a lot more! To watch the entire conversation, click here.