Last week, Line of Sight Group attended the Product Development Management Association (PDMA) Annual Conference in Atlanta. Line of Sight Group was also an event sponsor. This is one of the ways that we keep a pulse on the opportunities and threats faced by the industries, companies and roles that we serve. We did a little “informal” research project with the attendees who visited our booth that you can see here: http://lineofsightgroup.com/pdma-attendees-well-represented-on-the-product-lifecycle-curve/
Amongst the three days of breakout sessions, workshops and networking, there were three keynote presentations that really explored disruption and innovation at the business model level. Calling it innovation or disruption is really a matter of where you sit.
The first was Terry Jones, founder of Travelocity, chairman founder of Kayak.com and now, Wayblazer. He spoke about the trials and tribulations of the travel industry, making million dollar mistakes, but finally getting it right by bundling air, hotel and cars into a single trip over a single end-user site. Here is his website where you can get his slides: http://www.tbjones.com/
The second was Alan Amling, VP Corp Strategy at UPS. Here is his actual TED talk on the future of distribution that will not only include boxes on trucks, but drones, high speed cross country tubes and sending part specs to 3-D printers for manufacturing closer to the requester. It is UPS vision called, the My Way Highway: https://www.youtube.com/watch?v=pRaivgVBCB4
The third was Hania Jarrah Poole, VP Turner Sports, who talked about creating the March Madness, multi-platform, streaming offer, in a matter of weeks, to show alongside Turner’s subscription-based cable offer. Here’s an abstract of her talk: http://www.pim.pdma.org/p/cm/ld/fid=2034
All of these presentations revealed how business model innovation and disruption are different sides of the same coin. There were great examples regarding the pace of technology, the readiness of customers and the subsequent impact on new business models. It struck me that the most innovative/disruptive business models were the simplest, too. These presentations provided a lot of fodder for discussion and were great for linking product management techniques to business model innovation, as well as go-to-market initiatives to strategy.