Episode 7: If You’re Doing Innovation For The First Time, Do Not Make This $10M mistake. And How Smart Incumbents Can Respond To External Disruptive Threat

Do Not Make These Mistakes When Responding To Startup Threat Speed:  1. Do not try converting your employees into "intrapreneurs" because its oxymoronic and will cost you. Like $10M. 2. Do not wait and see. Be a fast follower instead. Do this on the outside. Build from Lego blocks. AI is one. 3. By all means have a process if you want to work with startups. Especially if you don't acquire them outright and fully. Get startups to build for you. They are better at building new things. 4. Experiment to run fast like entrepreneurs do. Use half-finished prototypes to go to market to get to proof to shut down all politics and executives with years of experience of doing the same thing over and over again. 5. We studied #Fintech sectors at the flapping edge of disruptive Armageddon: shareholders are rewarding companies for experimenting. 6. Small teams are better at disruptive innovation 'cus they have no bills to pay or as,  Stanford MBA's among you would say "solve for disruption, not vested interest." --------- Follow us on twitter.com/_100Hz Find 100Hz on LinkedIn. Arek & Maciek