From Scarcity to Abundance Mindsets? - When looking for a recent business book, I came upon this title and it seemed like an apt topic to explore given the prevalence of disruption particularly since the rise of the internet (e.g. see my review of Christensen et als’ “Seeing What’s Next”). While having a passing idea of the authors' previous work, it seemed this text would bring me up to date and point toward further areas to explore. Sure enough, they allude to their previous books and the significance of this one related to addressing unmet needs, opening new markets, and “expanding the pie” with more options and possibilities.
More specifically, the book’s contents include 6 chapters in two parts. Namely, there is Part One – Non-Disruptive Creation - What it Is, Why it Matters: (1) Innovation and Growth without Disruption, (2) The Economic and Social Impact of Nondisruptive Creation, (3) The Four Sources of Business Advantage, (4) The Rising Importance of Nondisruptive Creation, (5) The Three Paths to Market-Creating Innovation and Growth. Then comes Part Two – How to Realize Non-Disruptive Creation: (6) Lead with the Right Perspectives, (2) Identify a Nondisruptive Opportunity, (3) Find a Way to Unlock the Opportunity, (4) Realize the Opportunity, and (6) Build a Better World Together. At the end of the book, there are Notes, an Index, Acknowledgements, and information About the Authors.
Aspects that stood out included, the authors’ definition, allusions to particular examples and methods for pursuing non-disruptive innovation. For instance, (in Kindle Locations 291 and 302) Kim and Mauborgne indicate such innovation includes efforts “. . . to solve a brand-new problem or create and seize a brand-new opportunity” and “ . . . a distinct concept that can universally be defined as the creation of a brand-new market outside or beyond the boundaries of existing industries.” They give many recent and more long-standing examples such as the prosthetic 3D printing facility from Not Impossible Labs in South Sudan (Location 205), Curnard’s shift from transatlantic passenger ship transport to invent the vacation cruise industry (Location 450), Sesame Street’s foray into preschool learning and entertainment (Location 504), French postal service, La Poste “Watch Over My Parents” program (Location 704), Grameen Bank’s microloans to poor women (Location 822), US Defense Department new service Spaceforce (Location 1302), Kickstarter fundraising platform (Location 1320), and GoPro action-camera industry creation (1403). Part Two essentialiy outlines and details their distilled approach.
Also of particular interest were the authors’ comments on the impacts of different types of innovation on stakeholders and dealing with technology. For example, they say nondisruptive creation is “easier for incumbents’ internal stakeholders to get behind”(Location 1453) and “largely avoids triggering negative backlash from external stakeholders.” Others may suggest different reactions such as in Freeman’s “Stakeholder Theory” and Garmus’s “Lessons in Chemistry” (see my reviews). As they say (Location 1247) “The challenge is how to reduce the negative human impact of the technological revolution without losing its benefits.”
Among the drawbacks are that the book seems repetitious at times and does not deal with what happens to non-disruptive innovations as they proceed in their own life cycles and more recent developments such as AI. For instance, I was hoping they might refer to what happens when these types of innovation face disruptions of their own such as Sessame Street with the advent of streaming and the fragmentation of the children’s TV market. Also, they refer (in Location 2142) to the “convergence of exponential technologies—from artificial intelligence and smart machines to robotics, blockchain, and virtual reality” yet they provide little in response. The question they ask (in Location 1838) “Can the creation of the technology breakthrough of AI, for example, be leveraged and deployed by innumerable firms in diverse industries to create new growth at the macro level?” remains to be answered. Books such as Suleyman’s “The New Wave” and Mayer’s “Dear Fellow Time-Binder” may be helpful in this regard (see my reviews).
Even with my criticism, this book suggests a business pathway that could be particularly helpful as we seek to progress and address the pressing issues of the day. As the authors ask (in Location 1493) “What if we could instead shift our frame of thinking from fear to hope, from a scarcity-based mindset to one of abundance?” Indeed!