What do you do if your strategy is not prepared for future industry disruptions?

It is continuous process and thorough review of feedback of team working on the ground will alert. These feedback will be vital inputs to prepare strategies using visionary skills.

Any technological change in practice means only one thing: it gives the companies using it better ways to close customer needs. For example, companies using AI can serve customers faster or keep stock of the items that matter most to consumers. If your competitors have mastered a technology before you, that's no reason to rush into it. Immerse yourself in your customer's needs. You may find a different way to close them. Technology is not a competitive factor; it's just a lever to help strengthen competitive factors.

APPLY A.A.A. ADOPT - Ensure we survive today ACCOMMODATE - Accept and accommodate changes. Learn to live with the challenges and discomfort. ADJUST- Channge and improve in all aspects in accordance to future needs.

Strategy is often fluid and organizations with mechanisms in place to regularly review and assess industry trends along side their current strategy will likely anticipate when a pivot may be necessary to take advantage of the opportunities disruption brings. By investing in innovation and resilience, organizations can establish operations that scale up or down in a given situation, enabling them to pivot quickly while fostering continuous collaboration with customers and industry partners.

If your current strategy feels unprepared for future industry shakeups, don't worry! First, actively scan for trends – new technologies, shifting customer needs, anything that could change the game. Then, be honest about where you might be vulnerable. Could new ways of doing things disrupt your business model? Build flexibility into your strategy – consider new offerings, partnerships for innovation, and empower your team to adapt. Have some basic ‘what if’ plans ready – not for every possibility, but enough to guide your actions if something major happens. Remember, it's about being ready to pivot, not predict the unpredictable!

1. Make Strategic Road Map to each of such Problem some may be Short term and some Long Term. 2. See if this initiatives or ideas are really Adaptable or just theory. 3. Make Proactive changes to business model in such sequence which can help us tide with issues as and when they crop 4. Look for Technological Adaptation to the extent possible which can work on scale for catering to solution.

The word adapt doesn't seem quite appropriate here. It means that you should adapt to change, but the real strategy is to stay ahead of the curve. It is important to stay abreast of technological developments and to look for tomorrow's technologies that will allow you to stay ahead of your competitors, not catch up with them

A good strategy will always have a long term view and a short term plan. It should know the current trends and patterns, have a good view of the industry estimates and in light of both, make calculated future assumptions. Knee jerk situations will always come and can be managed but a strategy in my view should be an ‘long term always on mode’ programme. Predict well, prepare well and finally pull off well. That’s the essence of great strategy.

One of the main actions in a strategic planning process is count with a refresh process which allow you to review risks and context which are changing more frequently.

Proactively adapting your strategy involves identifying emerging trends and potential disruptions in your industry and adjusting your approach accordingly. Stay informed about technological advancements, changes in consumer behavior, and shifts in market dynamics. Anticipate future challenges and opportunities, and develop contingency plans to mitigate risks and capitalize on new opportunities. By staying ahead of the curve, you can position your business to thrive in the face of industry disruptions.

Innovation and continuous learning is what strategies build on. I remember from my MBA days, every concept we studied and published in a book is happened by someone who thought out of it. I believe the strategies built out of classic approach always stands out

Engaging your team in the adaptation process is crucial for successfully navigating industry disruptions. Foster open communication and collaboration to gather diverse perspectives and ideas. Encourage team members to share their insights, concerns, and suggestions for adapting the strategy. Empower them to take ownership of their roles in implementing changes and overcoming challenges. By involving your team in the decision-making process, you can leverage their expertise and commitment to drive innovation and resilience in your business strategy.

If your strategy isn't prepared for future industry disruptions, it's crucial to make it more adaptive and forward-looking. This involves regularly reviewing and updating your strategy to anticipate potential challenges and opportunities. Incorporating flexibility into your planning allows you to respond more effectively to unforeseen changes. Additionally, investing in continuous learning and innovation can help you stay ahead of industry trends and maintain a competitive edge.

Involving your employees throughout the transformation process is the best strategy for change management. Employees want to be heard - give them a way to be part of the product evaluation process!

Using Bottom up, Up Bottom approaches for engaging the people of the organisation to scale up the overall performance & growth.

Continuously learning is essential for staying ahead of industry disruptions. Encourage a culture of curiosity and ongoing education within your organization. Invest in training programs, workshops, and resources to keep your team updated on the latest industry trends, technologies, and best practices. Foster a mindset of adaptability and experimentation, where team members are encouraged to test new ideas and learn from both successes and failures. By embracing a culture of continuous learning, you can equip your team with the skills and knowledge needed to navigate future disruptions effectively.

This is my favorite field: "continuous learning." Exposure to life is a brilliant opportunity, yet merely being present is not enough. Learning involves, among many other things, being in a questioning and reflective state. It requires separating the "ego" from situations. It means recognizing that things are not as they are, but as we are. The mission is to learn from the first inhalation at birth until the last one, when our physical body must depart.

While attending several startup meets, hackathons, and investment sessions. Most pre-eminent questions were on agricultural land financing where loans are not offered by banking institutions. Example: An investor who wants to own 100 acres of agrarian land but looking to raise 100 Crore through financing activities apart from loans. He shared a technology that was like precinct sub example: Lemurs of Madagascar and Tortoises of Galapagos. Instead, taking an approach of anonymous approach of constructive criticism can help you identify areas for improvement and grow as a learner. This may be building a foundation that adsorbs shocks and develops waves for future disruptions. Having clear goals will keep you focused, motivated and objective.

As Peter Senge said in the book “The fifth discipline”: “the only sustainable competitive advantage is an organization’s ability to lear faster.” In my experience, working with OKRs is a great way to change the organization’s operating system. With OKR you focus teams on measurable results fostering an experimentation and continuous learning culture.

To tackle the challenge of being unprepared for future industry changes, it's like taking a good look at where we stand now and figuring out where we might be vulnerable. We need to keep our ears to the ground, staying updated on new tech, trends, and rules, and make sure we're open to new ideas. It's a bit like brainstorming - thinking up different scenarios and coming up with backup plans just in case. We should invest some time and resources into trying out new things, seeing what sticks and what doesn't. We've got to be adaptable, ready to pivot if needed, and work together with others in our field to share ideas and resources.

Building flexibility into your business strategy is essential for adapting to industry disruptions. Review your current processes, structures, and systems to identify areas where greater flexibility is needed. Develop contingency plans and alternative strategies that allow for quick adjustments in response to changing market conditions or unexpected events. Foster a mindset of agility and resilience within your organization, where team members are empowered to pivot and innovate as needed. By prioritizing flexibility, you can position your business to thrive in the face of uncertainty and disruption.

Innovation is an ongoing process. You need to create a structure that includes internal and external expertise whose sole task is to find new technological solutions. But don't forget to include people from marketing in this team, otherwise your innovations risk being technically perfect but uninteresting to customers.

Continuously innovating is key to staying ahead of industry disruptions. Encourage a culture of creativity and experimentation within your organization, where team members are empowered to generate new ideas and solutions. Invest in research and development to explore emerging technologies and trends that could impact your industry. Foster cross-functional collaboration to bring diverse perspectives together and spark innovation. By prioritizing continuous innovation, you can position your business to proactively address industry disruptions and maintain a competitive edge in the market.

If your strategy isn't prepared for future industry disruptions, it's crucial to make it more adaptive and forward-looking. This involves regularly reviewing and updating your strategy to anticipate potential challenges and opportunities. Incorporating flexibility into your planning allows you to respond more effectively to unforeseen changes. Additionally, investing in continuous learning and innovation can help you stay ahead of industry trends and maintain a competitive edge.

It is hard to predict future disruptions of any industry or business. There are always narratives and communication overflow pushing us to a direction of others. However, carving our own future is the way to go.

In instances where our strategy fails to account for industry disruptions, it often signifies a gap in our analytical approach. Conducting a comprehensive assessment, such as a SWOT or Porter's Five Forces analysis, is essential for identifying potential vulnerabilities or blind spots in the strategy. Moreover, as stewards of strategic direction within the organization, it falls upon the strategy department to continuously monitor industry dynamics and proactively guide the company towards resilience and innovation in the face of disruptions.

Question : What is Strategy? It involves 2 parts existing and future value of innovative products incase acceptable. Strategy is ratified budgeted plan for incongruity observed in market. Goldman Sachs closed retail banking cards business with -ve balance sheet of 1.6 or 3.6 billion dollars. In India, co-operative and small finance banks are able to sustain >50 years of traditional model without much issues. Assuming Google Pay Credit, Amazon BNPL, NPCI etc internet disruptions are inevitable. In many cartoons Hedge Funds offering gold proposition which improves better cashflow for institutional investments with 30% uptrend/3 weeks. In discussion with several agri and agritech bankers for raising capital & modeling through public markets.

One aspect worth highlighting is the importance of staying connected with external networks and ecosystems. In today's interconnected world, industry disruptions often originate from outside sources such as new technologies, emerging market trends, or regulatory changes. By actively participating in industry forums, networking events, and collaborative platforms, businesses can gain valuable insights and early warnings about potential disruptions. Ultimately, building strong external relationships enhances your organization's ability to anticipate and adapt to future industry disruptions effectively.