Innovation, Disruption and Groundbreaking

“Our technology is disruptive” said every founder at a recent venture capital pitch fest. If that had been the case, it would have been a wonderful evening. As it turned out, not a single deal was discussed after the last slide deck reached its end. All said, the words innovative, disruptive and groundbreaking were frequently used and never accurate. I have seen the same with marketers. As with startup founders, if you don’t understand the difference between these concepts, or you buy your own hype and assume your product is in a status it isn’t, you are unlikely to be profitable. Innovation: To innovate is to make changes in anything established (things that are disruptive are innovations as well, but of a different caste). If you devise a small enhancement to a product category that creates a minor but marketable advantage, you have an innovation. Likewise, if you overhaul your … Continue reading