Why everyone needs to consider becoming an early adopter (or at least in the “early majority”)

Source: http://upload.wikimedia.org/wikipedia/commons/0/0f/Diffusionofideas.PNG

As I mentioned also in a previous post (‘Thoughts on the accelerating evolution of business models’), the world seems to be changing fast (and accelerating in the pace of change). I believe this could require a change in how Everett M. Rogers’ “Diffusion of innovations” should be perceived (he was the creator of the concepts set out in the chart above).

In particular, due to the pace of change, I consider that it is today even more important to be on the left side of the curve, than on the right, and as such, instead of a ‘normal distribution‘, the distribution should be skewed to the left (an example, hypothetical chart for this follows below).

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Thoughts on the accelerating evolution of business models

Photo courtesy of ©iStockphoto.com/jpsdk

Thoughts on the accelerating evolution of business models, and the related psychological stages / ‘fear levels’ that we go through

In the past, economics, life and business evolved at a slower (than today) pace. At the time (then) it didn’t feel like it, but then we didn’t really know what was coming.

Today it feels like are we are traveling at speed on the motorway, with our head out the window, having only last week been enjoying leisurely drives down picturesque country lanes. The chances of a life endangering crash are now higher; you get to take in less of the surroundings as you hurtle along, but there’s still the thrill of the ride, while it lasts.

While we need to concentrate on the driving, it is important however still to be clear on the next part of the journey – hence (away from the analogy!) one needs to consider how the increasing pace of business and economic change is impacting one’s future development.

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