HBR On Strategy

Strategies for Competing with a Tech-Driven Insurgent

38 snips
Dec 4, 2024
Julian Birkinshaw, a professor at London Business School and author on business strategies, challenges the fear of tech-driven disruptions. He posits that many established companies are not only surviving but thriving against tech insurgents by implementing adaptive strategies. Birkinshaw discusses four key approaches that companies like J.P. Morgan and Disney utilize to compete effectively. He stresses the importance of proactive adaptability and experimentation in navigating technological challenges, debunking the myth of inevitable business failure.
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INSIGHT

Incumbent Survival

  • Only 17 of the Fortune 500 companies in 2020 didn't exist in 1995.
  • This challenges the narrative of widespread disruption by tech startups.
INSIGHT

Disruption Narrative

  • Media focuses on big tech companies, exaggerating the disruption narrative.
  • These companies expand across industries, fueling the perception of their dominance.
ANECDOTE

Thriving Incumbents

  • Companies like JP Morgan, P&G, and the New York Times are thriving despite digital competition.
  • ING Bank and Haier are examples of companies successfully reinventing themselves.
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