EMBRACING INNOVATION
EMBRACING INNOVATION
HOW DO WE UNDERSTAND, ACCEPT, PREPARE FOR AND EMBRACE - INNOVATION
Wealth-management services require "educated, credentialed, experienced advisors ,,,,,,, I don't see their "Neither RedBox nor Netflix are even on the radar screen services (Robo-Advisory firms) as competing with "There is no reason anyone would want a in terms of competition,“ - "It's more Wal- Mart and Apple.“ comprehensive wealth management" computer in their home," Blockbuster CEO Jim Keyes 2008. Tim Maurer, director of personal finance at Buckingham and Ken Olsen, founder of Digital Equipment Corp., 1977. His video-rental chain filed for bankruptcy in 2010. The BAM Alliance Today Netflix is worth $61.93 billion. PREDICTING INNOVATION Backend Benchmarking says $440 billion is managed by robo- advisory services as of mid-2019
CHANGE IS CONSTANT, LIKE TAXES AND DEATH HOPEFULLY, WITH AUTOMATION, ONE OF THOSE WILL BECOME A LOT LESS PAINFULL SOON!
WHAT DOES AN EVOLUTIONARY/REVOLUTIONAY LEAP LOOK LIKE IN YOUR BUSINESS? IF YOU STARTED YOUR BUSINESS AGAIN, WHAT WOULD IT DO?
JUMPING TO THE NEXT STAGE NETFLIX USED TO SEND OUT DVDs
Wealth-management services require "educated, credentialed, experienced advisors ,,,,,,, I don't see their services (Robo-Advisory firms) as competing with comprehensive wealth management" Tim Maurer, director of personal finance at Buckingham and The BAM Alliance Backend Benchmarking says $440 billion is managed by robo- advisory services as of mid-2019
HOW DO WE NOT SEE OR EXPECT CHANGE?
SUMMARY • NEVER SAY NEVER ( ESPECIALLY IF YOU’RE QUOTED ONLINE ) • LOOK AT WHAT YOU SELL THAT PEOPLE DON’T WANT TO BUY • WHAT’S THE NEXT CURVE • IF YOU CAN DREAM IT ( INC NIGHTMARES ) IT CAN HAPPEN • BE THE PROBLEM YOU SOLVE, NOT THE THINGS YOU DO • EMBRASE INNOVATION
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