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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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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.
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