Mindful Leaders see alternatives. Often when disruption comes, we are blindsided because it comes from industries, sectors or competitors that are outside our experience. If we don’t look far and wide for possible alternatives to our products and services, we get disrupted, replaced or at least commoditised. If we are mindful of alternatives, then we can recognise new opportunities, lower our risk, embrace changes we need to make early and adapt.
Alternatives like car-sharing rather than ownership, or AirBnB as an alternative to hotels can sideswipe an entire industry. The choices then become very difficult to make, especially if you see it early. These pivots are extremely challenging for the established players because as Kenneth Eade points out, “Most people, faced with two difficult choices, prefer not to choose at all.” This probably explains why incumbents lose to new disruptors especially if it is due to an alternative.VIEW MORE HERE