Innovation Quickie: Change

“There’s something that both the cab companies and state lawmakers need to know. Hastily changing the rules to put ride-sharing companies on the same regulatory playing field as cab companies won’t save that old-school business model. No more than heaping regulations on digital music companies, such as Pandora, saved the record industry’s once cash cow business model of selling CDs… This is just one more example of a legacy industry being disrupted by tech-focused upstarts that have learned how to deliver similar services in a cheaper, more effficient way.”

– Erika D. Smith

Erika D. Smith discussed new ride services Uber and Lyft in her recent column for the Indianapolis Star. Yes, change is inevitable. Or as Greek philosopher Heraclitus once said, “the only thing that is constant is change.” Industries like taxi services cannot expect to regulate Uber out of the picture. This new way of doing business is here to stay and will only continue to take over more industries. See also Airbnb.

Are you staying ahead of the changes in your industry? What technologies are emerging that could potentially disrupt your business? Innovators should be the first to adopt, not the first to file suit.

image credit: Erika Smith LinkedIn

Wait! Before you go…

Choose how you want the latest innovation content delivered to you:


Marketer. Innovator. Connector. Jason Williams is the Owner of SPYCOMPS consulting firm and Communication Director for Centric: Indy’s Innovation Network. Connect with him on Twitter @jawbrain

Posted in

Jason Williams

Innovator. Marketer. Connector. Jason Williams is a curious explorer whose purpose is to drive innovation through capacity-building connections. With nearly 20 years in corporate marketing and innovation community leadership positions, he has had a front row seat to the common challenges and popular solutions shared by leaders and organizations across many different industries and sectors.

NEVER MISS ANOTHER NEWSLETTER!

Categories

LATEST BLOGS

Changing Relationship Between Electric Vehicles and Power Grid

By Braden Kelley | October 13, 2021

Recently Ford announced an electric truck for the masses, the Ford F-150 Lightning, with up to 300 miles of range…

Read More

Four Traits Your Next CEO Must Have For Your Organization to Thrive

By Anthony Mills | October 13, 2021

CEOs come and CEOs go.  Some – like Steve Jobs at Apple, Jeff Bezos at Amazon, and Richard Branson at…

Read More

Leave a Comment