The Business Book

9595

The Crystal is one of the world’s most
sustainable buildings. Built in the UK
by Siemens, it symbolizes the spirit of
innovation that has been the hallmark
of the company since the 1880s.

“disruptive innovation” to reflect
the fact that it is not so much
technology itself that is disruptive
as how that technology is applied.
One such product that has
changed the game by adapting
technology for new purposes is
GlowCap. A screw-on top that
can be attached to prescription
medicine containers, GlowCap
contains a glowing LED and audio
alert that signal when medication
should be taken. It also connects
via Wi-Fi to the user’s smartphone,
sending a text message or an email
alert if a dose is missed. Like many
game changers, it utilizes lateral
thinking to present a solution to
an existing problem, effectively
meeting the consumer’s needs.
Disruptive innovation creates the

need for a product, even before

customers realize such a need

exists, and opens up new,

untapped markets with significant

first-mover advantages—not least

of which is brand association

with the new market segment.

The German company Siemens,

for example, built the world’s first

electric elevator in 1880, and in

1881 provided power for the world’s

first electric street lights (in

See also: Stand out in the market 28–31 ■ Gaining an edge 32–39 ■ Creativity and invention 72–73 ■ Thinking outside
the box 88–89 ■ Leading the market 166–69 ■ The value chain 216–17 ■ Creating a brand 258–63

LIGHTING THE FIRE

Today’s markets are

increasingly global...

They are

catalysts

for change.

...and increasingly

competitive.

...they redefine the

markets in which

they operate.

Gradual change

can only bring gradual

improvement

to a company.

But successful leaders

embrace radical,

disruptive thinking...