Business Wars

Sponsored: The Art of Disruption (Dell Podference) | 1

4 snips
May 13, 2022
Jonah Berger, a Wharton School marketing professor and bestselling author, discusses the art of disruption in business. He explains how startups thrive by addressing customer pain points, while established companies must innovate to stay relevant. Berger highlights the transformative role of consumer-centric innovation illustrated by disruptors like Uber and Airbnb. He offers strategies for legacy businesses to navigate change and emphasizes the need for fresh perspectives to overcome innovation challenges. The conversation also touches on the evolving purpose of physical stores in our digital age.
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INSIGHT

Disruption vs. Competition

  • Disruption is more than just competition; it's about changing how business is done.
  • It involves offering a different product, service, or approach that addresses unmet needs.
ANECDOTE

Uber and Airbnb: Disrupting Through Problem-Solving

  • Uber and Airbnb succeeded by solving customer pain points.
  • Airbnb addressed dissatisfaction with traditional hotels, while Uber tackled taxi inconveniences.
ANECDOTE

Warby Parker: Disrupting Through Value

  • Warby Parker disrupted the eyewear industry by addressing the high cost of glasses.
  • Their initial online model and later expansion to physical stores focused on value and customer experience.
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