There is a new wave coming! It is out on the horizon, but moving in fast, and much higher than any wave you have previously seen.
What is Disruption?
Disruption, as used in the world of business and commerce, is not the simple task you might expect. Disruption has become an often used (and misused) entrepreneurial buzzword. Many new products and services today, especially those which draw heavily on technology, are labeled as disruptive, when actually they are not.
Typically, it is not a product or a technology or a service that causes disruption, however innovative it may be.
Usually, disruption comes in the form of a business model or the break in a value chain that is essential to the survival of a company, industry or country. Disruption comes from the way a new product, technology or service is used to solve consumers’ problems which incumbent market players have been unable or unwilling to solve.
The following examples further highlight how innovative thinking has, on occasion, caused disruptive shifts in the way things are done, catching incumbents off-guard and sending them the way of the bankruptcy court.
- Netflix and Redbox did a number on the video rental giant Blockbuster, when the former introduced a similar service based on an online subscription, with an absence of unpopular late fees and a service that brought movies directly to consumers’ front doors There was nothing new about the Netflix product, or the service, which was the supplier of rental movies. Instead, it was the Netflix business model which solved consumer needs that remained either unmet or underserved by that of Blockbuster. Redbox eliminated the need for big box stores and employees. By the time Blockbuster’s executive team saw the writing on the wall, it was too late and the former undisputed champion of movie rentals went under like the Titanic. This is a classic example of how a prodigious company can be disrupted by a startup with a better business model.
- Napster turned the entire music recording industry on its head when its founders discovered an evolutionary (disruptive) peer-to-peer way to allow consumers to download every piece of music ever recorded—for free, in minutes, and with no need to leave their home. “Bye-bye” record stores. Although the process of sharing music via Napster was illegal, by the time it was shut down, the multi-billion dollar recording industry was changed forever. The Goliath music labels like EMI, “the label that created the music-label industry that signed everyone from Frank Sinatra to the Beatles and Garth Brooks was sold by creditors in bankruptcy like scrap” says Jay Samit, New York Best Selling Book, Disrupt You, Only entertainment companies that had alternative streams of revenue, such as electronics or movies, managed to survive. Today, most music is purchased online and the outdated juggernauts of music retail have fallen; superseded by the business models of iTunes, LiveNation, Clear Channel and Amazon.
I can see a new wave coming! It is out on the horizon, moving in fast, and much higher than any wave I have previously seen. I see the incredible ned's genius works here about to ruckus like feud. I see STEEMIT ready to topple facebook and the other social media. Steemit will:
- disrupt facebook by creating a new market or serve the market which facebook could not previously serve. Who would choose sand over gold? Who would choose nothing over money? LOL!!! Well,i'm an African, and i would choose steemit over facebook on any given day. Since i discovered steemit, thanks to @tj4real, @ackza, @dragonslayer109 and @lexiconical i earn daily in this hard economic times. i consider myself to be smart in my country Ghana because i'm an early disruptionista of steemit. And we( @richforever and @tj4real) have been able to spread steemit to a lot of youths in the country as possible. We have formed a Whatsapp group where we render support and services to our peers.
I'm very impressed with your whatsapp initiative. I can't wait to see what you will do with the Smart Media Tokens.
heyy thanks for stopping by here. i appreciate. Much love
Steemit is taking over in a big way! I hope we look at Facebook like we do my space in a couple years!
True visionary you are
Another amazing and interesting post from the one and only richforever from ghana. Lets continue to show the world how amazing this platform is . Great job and i know you have more coming.
thank you sir. you guys have all been supportive. Lemme reaffirm my love.
You are welcome.
lol
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This is mindblowing....you are so amazing..am glad to be part of this great platform...soonner than latet its going take over the entire world of social media...thanks for this addition.. @steemitghana
aww thanks bro.
Welcome bro
Keep the good work... #teamghana
of course bruv. we will keep the fire burning
My mentor. Good work done.
thank you bossu
Great innovative approach you are spreading to your friends. I am totally with you regarding Facebook and sand. Good analogy. Why bother when you can make a little crypto here on steemit?
thanks. im glad you love it.
im following you now @mother2chicks, the kind of person i should strike acquaintance with.
You would surely be forever rich, keep up the good work
Amen. thank ya. i wish you success too.
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change is inevitable, and always welcome because that's how we learn and grow. Nice article, looking forward to what they have planned!
thanks for stopping by @claudiaz
i like your outlook and cannot wait for the near future
steem on
always follow and upvote
im still steeming its in the blood.
followed @sumjags09
thank you
There is so much potential in Steemit platform. I believe it can overpower all other social networks... if platform manage to control quality of media over quantity. With current curating and posting bonuses, there is visible trend of mass posting and mass liking any content, regardless of the quality. That may create a lot of noise in threads, and finally lead to collapse of blogging platform. I hope that this issue is recognized by curators and witnesses of StemmIt and properly addressed in near future. In reality, SteemIt can easily kill all other Social Platforms available.
now this is what i call a total disruption. Go steemit!
Steemit is the wave of the future. I am happy that you are sharing this information with the younger crowd, Greetings from South Africa.
thank you. #teamghana appreciates. much love