What's Next! with Tiffani Bova

Taking a Leap Into Disruption with Steve Dennis

May 16, 2024

Steve Dennis, bestselling author and retail expert, discusses the importance of making bold leaps over incremental changes to navigate industry disruption. He emphasizes embracing discomfort, managing fear, and incorporating both bold moves and incremental changes in response to evolving markets. The podcast delves into technological advancements impacting retail, leadership lessons for business success, and the role of ego in limiting innovation.

31:17

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Episode guests

Steve Dennis

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Quick takeaways

Being prepared for leaps and driving innovation is crucial in navigating industry disruption.

Embracing discomfort and managing fear are key for successful adaptation to change and fostering growth.

Deep dives

The Importance of Incremental Changes Versus Bold Leaps in Business Strategy

In the podcast episode, the discussion revolves around the balance between making incremental changes and taking bold leaps in business strategies. It highlights the significance of understanding the speed of disruption in the industry to determine the required level of boldness. The example of Restoration Hardware's transformation under RH Gallery stores is cited as a successful bold leap in the retail space. Emphasizing the need to assess the pace of change and adjust strategies accordingly to stay competitive.

Leaders Leap Author's Bulls and Bears

01:03

Introduction

2min

Technological Advancements Impacting Retail

16min

Embracing Discomfort and Fear for Innovation and Growth

3min

Navigating Industry Disruption: Bold Moves vs. Incremental Changes

6min

Leadership Lessons and Mindset Shifts for Business Success

4min

Welcome to the What's Next! Podcast with Tiffani Bova.

I’m inviting Steve Dennis, a long-time social media friend to the show. Steve is a strategic advisor, keynote speaker, podcast host, and the bestselling author of his previous book, Remarkable Retail. He has been named a top global retail influencer by multiple organizations and his thoughts on the future of shopping are regularly shared in his role as a Forbes Senior Contributor. He is the president and founder of Sage Berry Consulting, but prior to that, he was Chief Strategy Officer and SVP of Multichannel Marketing at the Neiman Marcus Group. He serves on multiple nonprofit boards and has a new book out, Leaders Leap.

THIS EPISODE IS PERFECT FOR… leaders seeking insights on navigating industry disruption and fostering innovation in their organizations.

TODAY’S MAIN MESSAGE… making incremental changes is a risky strategy in this day and age and the organizations that don’t adapt to the accelerating pace of change risk falling behind in competitiveness. Steve explores how to get ahead.

Key takeaways:

How to prepare for “leaps” and drive powerful innovation.
How to embrace discomfort and manage fear around change.
The role of ego in limiting innovation.
Why it’s important to incorporate both bold leaps and incremental changes based on an industry’s disruption levels

WHAT I LOVE MOST… change can be really scary. Steve shares some great reminders on how fear often precedes the greatest innovations.

Running Time: 31:16

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Find Steve Online:

Steve’s Book:

Leaders Leap: Transforming Your Company at the Speed of Disruption