Disruptive Innovation (Examples): A Unique, Easy, Stepwise Approach to Converting Problems into Disruptive Innovation
By Dr. Omar Javaid
Sept. 17, 2019.
I have been observing aspiring-entrepreneurs since last 9 years or so. I have attended business plan competitions, startup exhibitions, followed many new entrepreneurs online, let alone teaching entrepreneurship to undergrads or post grade students myself for nearly a decade.
Sept. 17, 2019.
I have been observing aspiring-entrepreneurs since last 9 years or so. I have attended business plan competitions, startup exhibitions, followed many new entrepreneurs online, let alone teaching entrepreneurship to undergrads or post grade students myself for nearly a decade.
You may also like: Key Sources of Innovation!
What I
have noticed that 99% of the ideas which the aspiring ones bring are either
run-of-the-mill, a copy of an existing idea or they try to target a superficial
problem with a hypothetical solution at best.
In other
words, I have found most of them not working on current or emerging big
problems of our society (as they say, the bigger the problem, the bigger the
opportunity).
And the rare examples, who do try to focus on issues like garbage
collection, health care, or unemployment etc., do not seems to possess
sufficient in-depth understanding of the root of a particular problem.
There also appears to be an over-reliance, or rather a blind-unwarranted belief on IT
based tech to create solutions for problems which are at best superficial.
As a
result, the ideas which they bring in are not disruptive in least of its sense.
I don’t
intend to blame the aspiring-entrepreneurs or practicing entrepreneurs for this
lack of depth or focus on big problem (big opportunities) spread all around us.
It is the job of the teachers and mentors to guide them out of their bubble,
help them see the problems, understand their roots, and show them how to work
out a possible solution for the root cause or short term remedy of its effects.
Possible externalities of a certain solution also need to be worked out so as
to be at least aware of the hidden costs on the environment, society and
economy.
As a matter of fact, most teachers and mentors are themselves not
aware, or too much fixated on mimicking the solutions created by successful
entrepreneurs in foreign sociocultural contexts, or on the very least, only
concerned about maximizing ROIs.
Result is ignoring the obvious. Problems like
climate crisis, rising traffic congestion, pollution, water scarcity, food
security, unaffordable health care, poverty, unemployment, inflation, street
crime, corruption, garbage, trade deficit, absence of proper education system
etc. etc. are ignored typically as if they do not even exist (there are a few exceptions
though).
To cure of such massive problems infesting our society we need urgent
solutions to effectively disrupt the old structures acting as the breeding
grounds for these problems.
This
article therefore attempts to outline a methodology to workout disruptive ideas
or solutions for the pressing problems around us.
I have been using this
methodology in my social advocacy course for many years, and I believe it is
high time that it should be documented for a wider audience.
Disruption and its drivers:
An idea is disruptive when it has
the potential to transform how we do things to an extent that the existence of
a particular problem becomes impossible.
Disruptive idea therefore do not solve
a particular problem, rather it altogether eliminates the possibility of the
existence of a problem.
It’s can be referred to as the Sun Tzu (the ancient
Chinese author of the famous book ‘Art of War’) way of solving a particular
problem. If an idea has the capacity to do so, it should be referred to as
disruptive.
I define the term ‘disruptive’ in a way different from Clayton M.
Christensen’s definition of the term ‘disruptive technologies’.
Christensen’s
definition use the language of business and economics which I would like to
avoid primarily because I do not wish to evaluate a disruptive idea for its
capacity to generate economic value rather for its capacity to solve a certain
problem.
Reasons
for avoiding economic valuation of an idea are philosophical, psychological and
neurological.
Philosophical:
Every problem adds to the pain, losses, damages or wastage in a
man-made or natural system. Often the impact is more subjective than objective,
and is difficult to quantify.
If the elimination of the problem leads to
benefits greater than direct - indirect cost of disruption, then disruption
will be justified.
The benefits are often subjective and nearly impossible to
quantify, therefore true impact of disruption or the problem it intends to
eliminate would be eluded if quantitative techniques of modern economics are
used for that purpose.
That’s the philosophical argument to avoid economic
evaluation.
Psychological:
The 2nd
reason is psychological.
Carl Jung and Victor Frankl, two famous names in the
domain of existential psychology, would testify that our creative process works
best when we pursue a meaningful goal with all its subjective and
extra-rational justifications which emerges from the subconscious of our minds.
Modern scientific method employed by modern discourse of business and economics
only focus on what our rational or conscious mind can express or justify in
pure mathematical form.
Therefore, employing the scientific techniques of
modern business theory and economics would not allow a full utilization of our
mental faculties like intuition, ability to think holistically and the energy
from our subconscious mind.
Neurological:
Finally,
from a neurological perspective, our creative process happen in the outer
layers of our brain, while involving financial stakes in the equation can
trigger the primitive parts of our brain responsible to generate the fight and
flight response.
When it comes to financial rewards, the fear of losing money
is a far greater driving force than the anticipated pleasure of a monetary
gain.
Therefore, when the goal of finding a disruptive idea is rather to seek
ROI, the parts of our brain which are responsible for the creative process
become less empowered in comparison, while our limbic brain system, amygdala in
particular takes charge subsequently reducing our creative capacity.
For these
philosophical, psychological and neurological reasons, it’s better to avoid
using the paradigm and language of business and economics, while discussing how
and why of a disruptive idea.
It has
been long known that great innovators of all time were not primarily driven by
material gains.
The urge to contribute towards the society or the sheer joy of
inventing a solution or a problem was their primary driving forces. Jim Collins
would also concur (see his book ‘Built to Last).
Motivational theories like
that developed by Frederick Herzberg suggest the same.
True happiness indeed
comes from investing in others, to make the world a better place and not just
in exclusively pursuing our self-interest.
That’s what Victor Frankl meant by
bringing ‘meaningfulness’ into our lives, which Frankl considered even more
important than pursuit of happiness alone, happiness is mere a byproduct
rather.
The point is not to completely ignore the economic sustainability, but
to avoid it as a primary motivation behind a disruptive idea due to its
distracting influence.
Keep in mind that the world needs more healers then
billionaires now.
This realization in itself is as disruptive as it can get.
Let us have faith that an idea of makes the existence of a problem redundant
will eventually find enough support to grow and transform into an economically
sustainable enterprise.
Some problem busting rules:
So the rule
number one is when we ought to find a way to eliminate a problem, we
will not constraint our minds with the worries of generating ROI … let the
Divine powers take care of that for a moment (you must be having some faith in
some Higher Power, don’t you, who would support you if you try to make the
world a better place).
Our intention should be to make the world a better place
even if it requires eliminating something.
Elimination often require
re-engineering of a process or replacing it altogether in a way that the root
of the problem ceases to exist.
That’s often counter intuitive for many people
who are in search of a product or a service to be sold to a certain target
audience with the conventional idea of selling something to make money.
This
conventional idea is limiting in itself as we are not trying to create a
product or a service, rather a solution to a problem which may be sustained in
a variety of creative ways.
So the rule number two is to consider
option of elimination open, even preferable if it makes a problem disappear
altogether. Nassim Nicholas Talib refers this approach to as ‘Via Negativa’.
Rule
number three:
Keep away from institutional investors at least in the beginning. The primary
concern of an institutional investor is to seek guarantee for ROI from the
entrepreneur.
The quicker and greater the return the more the institutional
investor is willing to invest. Often VCs are looking for a 10 times return
on their investment.
So when an entrepreneur looks forward to a VC or an
institutional investor then the pressure forces him to only pick up
propositions which can look attractive to the investor in terms of ROI.
Chamath Palihapitiya, a former FB employee, entrepreneur and VC, also acknowledges that
ideas built around world’s big problems may reach breakeven in at least 7
years, with an annual return of not more than 20 percent. Not every investor is
like him.
The other problem with institutional investments particularly VCs is
that they are extremely rare, like for example in USA only 600 ventures were
financed in 2016 (if I remember the year correctly) whereas the total number of
new ventures launched were more than 600,000, most of which were financed by
personal savings, or from the angle investors among family and friends.
This
brings us to rule number four: Simple is better than complex,
because it is cost effective, easier to maintain and fix.
Often the problem
exists due to unnecessary complications of a system, and the solution lies in
simplification.
One may ask then why complex systems are then created.
There
can be many reasons.
For example, we are typically biased toward complex
systems and often consider them to be better, the Medical/Military Industrial Complex is
a good example.
Often experts in a system prefer complicating it so as to avoid
criticism or competition, as complex systems are often impossible to copy but
impossible to fix either in case a problem arise, so to fix a problem,
something always requires adding as its often impossible to identify what
exactly is causing the problem due to extreme interactivity of components with
each other.
So to fix a problem, adding something to the system is preferred,
which also adds to its complexity.
Giant tech companies like Google and Amazon
are following this pattern according to Jaron Lanier, where not a single expert
can explain how the entire system works, and to fix problems experts keep
adding stuff.
Complexity therefore breads complexity, and also renders a system
incapable of radical change if needed.
Rule
number five:
Roots of the problem often lie in maps or templates upon which systems are
built, or the very logic behind the maps, or the very paradigm where the logic
emerge, or the very axioms constituting the paradigm.
The deeper the root goes
the more radical and ideological the solution is.
That is why one can argue,
that the greatest disruptions of all time have been the ideological
disruptions, but they also take considerable amount of time to spread, and the
instigators also face massive resistance from the status quo.
If your concern
is that you are not specialized or trained to dig so deep, then please remove
this concern from your mind. If you are here to eliminate a problem, and want
to remain inside your comfort zone and domain of specialization then please let
go of this mindset.
Therefore there need not be any self-imposed intellectual
limits to constraint the development of a disruptive idea. Solutions to
problems emerge via integrating horizontally across subjects, and vertically
along the layers of knowledge (from processes, to maps, to logic, to paradigm
to axioms).
Your mind must be free to move in any direction it takes to develop
an alternative map, logic, paradigm or axiom to disrupt.
Rule
number six:
Old can be gold, or even better. Cancer for example is an outgrowth, removing
it from a system is disruptive for the cancer at least. But after its removal
we restore the system to its default position.
Often ancient ideas brings us
wisdom pertaining to all layers of knowledge, so to find an alternative, all
what we need to is to look or compare the existing with the old.
These could be
religious ideas, or ideas of ancient philosophers. Little surprise Socrates,
Plato or Aristotle (for example) are still used while working around many
modern problems.
So let us scrap the claim that if it is modern so it
would be better by default(it is actually appeal to novelty fallacy), in fact it could be worse.
Restoration to the
original setting can be massively disruptive keeping in view the complexity of
the outgrowth which require removal; let us not adhere to it just because it is
modern.
Keep the options open.
Rule
number seven:
Benefits are often subjective and not quantifiable, and the very attempt to
quantify the benefits is an act of ignoring the wide array of benefits which
are not quantifiable.
Same is true for the losses or damages. The damage to the
social relations is often unquantifiable, so is the damage to the natural
environment.
The obsession to quantify therefore often makes it difficult
rather impossible to value the subjective side of a certain initiative or
project.
Subjective benefits or damages are often more significant or worthy of
consideration then objective or quantifiable ones.
For example, we might not be
able to properly assess the damage to the environment due to pollution, or
human relations with the spread of materialism.
Children do not understand the
monetary value of the toys or cloths being given to them, rather they do feel
the importance of being valued in the act of receiving a gift from a loved one.
Is it possible or even appropriate to assign a quantitative value to the
emotional benefit a child receives in the process of being valued?
Rule
number eight:
Do not become a direct rival of the existing players in the industry, do not
enter into the red ocean. Because if you try to directly compete them obviously
they will create problems for you.
You become a direct rival, by bringing in a
direct substitute of their product or service.
It is possible that you might
want to partner with one of the big players to compete with others, however,
the chances getting beaten in a game are very high which you are not expert playing
while your competitors have decades of experience, and they know all the tricks
in the game regarding how to kick you out.
Besides getting into a direct
rivalry implies that you at least agree with the rules of the game.
What is the
problem is not in the product or service, but in the very rules of the game, in
the very logic on which the system is built upon.
So the very act of direct
competition implies that you perhaps have not understood the root of the
problem correctly.
I do not know of a single big problem in the world at the
moment which can be fixed by bringing in just a better product or service.
The
problems have deep roots, and often the rules of the game which all competitors
equally follow are responsible for the externalities a particular market
segment generates.
Take greenhouse emissions as a case, or plastic pollution,
or the side effects of social media, or problem of flight of capital from
different economies during the time of recessions etc.
All of these problems
are not created by a particular type of product or service, rather by the rules
on which the systems are built.
So the act of getting in direct competition
will not just make your survival, let alone growth, difficult, but will also
make you play by the same rules which are responsible for creating the problem
in the first place.
Disruptions are as we discussed happen, when we change the
rules of the game rather.
So here is
a summary of rules described above:
1. Don’t
worry about ROI when working on a solution or finding a problem to work on;
2. Do
not approach an institutional investor, at least in the beginning
3. Solution
can also be in eliminating something from the system (Via Negativa);
4. Simple
is better, complex isn’t;
5. Do
not limit yourself to a single specialization, peel off layers of the system to
find the roots;
6. Old
can be gold;
7. Benefits
or losses are often unquantifiable, try not to quantify them …
8. Do
not try to compete with the big players directly …
Steps to workout Disruptive Innovation
So in the first
step, you need to know the big problems that are disturbing or will
disturb a significant number of people on the planet or in the country.
For
that you need to be well read, and aware of what is happening around, what the
experts are talking about.
It is true that it require a considerable amount of
research to just to make a list of major problems in the order of severity, and
even greater amount of research to understand their actual root cause.
It is
also quite understandable that you might want to limit yourself to a particular
domain, but keep that in mind, that problems are complex, and their roots cut
across various disciplines.
So even if you pick a particular problem based on
your area of specializations, you might have to explore various domains to
trace the roots and how it may be solved to the core.
Take the problem of
non-communicable diseases like cancer, diabetes, cardiovascular issues etc.;
anthropologists have found many primitive communities, who have not been
introduced to modern lifestyle, which are almost free from such diseases.
Jared Diamond has documented his firsthand account of emergence of such diseases in
Papua New Guinea.
Diamond explained that when he began to visit the place some
40 years back, non-communicable diseases were almost non-existence, but as the
country gradually modernized, when people adopted processed food culture etc,
the occurrence of such diseases also increased, and as of now a significant
number of the population suffer from obesity, diabetes, cancer and cardio
issues.
Papua New Guinea is not the only place on earth where one can observe
such a phenomenon.
This implies that if one really wants to save people from
cancer for example then one must understand what chemical substances leads to
cancer, why they were non-existent previously, and how such contamination can
be eliminated from our lives.
Prevention is the best cure, but to do that in
case of non-communicable diseases your knowledge of human physiology alone is not
sufficient.
Another
pre-requisite is passion. Look inside, does a problem disturb you greatly, and
thought of working for its solution sparks some energy inside you?
This
intrinsic motivation is extremely important to maintain your natural drive
particularly during the rainy days.
But you must further ask, why you really
want to solve it, and what would it really take, are you willing to pay the
price of getting out of your comfort zone?
Does the result or the act of
working on the problem motivate you?
Often striving to solve a problem can take
you toward life threatening situations, so you must also ask, are you willing
to take the risk?
If the answer is yes, then it means that the outer layers of
your brain are active enough to overcome the fears lurking beneath, inside your
amygdala.
Your prefrontal cortex (the front part of your brain) must be
empowered enough, and that can only happen if you really feel the worth of
taking the risk, see your role in the bigger picture.
Since it’s all subjective
with a strong input from intuition, therefore, one must not try to rationalize
the cost-benefit analysis in the light of available empirical evidence.
Let
your intuition lead your way.
In the second
step, after identifying a problem, and passion, it’s important to dig
deep into the root cause.
The example of communicable diseases shared above
already hints toward the process of tracing the root cause of a problem.
Here
is more on it.
The most important aspect of the process is to distinguish the
symptom from the problem, and trace its root cause.
Only by such
differentiation we would be able to correctly define the problem with all its
depth and breadth.
Take plastic pollution for example. At the moment the plastic manufacturers are putting in some 300-400 million tons every year, half
of which is single use plastic.
There is so much plastic thrown in the world
now that rain contains plastic particles, plastic is found on ice in the
arctic, every fish and marine animal is ingesting plastic which often chock
them to death, plastic as now become part of our food chain, and it can already
proving to be hazardous for all kind of life including humans.
So what should
we do?
The first question to ask is, why the world is so hooked to plastic?
To
answer this question one has to understand why a disposable culture exists, how
our production system is organized, and what keeps the general public from
knowing the harmful effects or deliberately remain in the state of denial.
At
every stage, you need to ask ‘Why this happens’.
That will eventually lead you
to understand the actual cause of a problem, and subsequently find a solution.
For example, the public’s perception about the culture disposability needs to
change, in many cities around the world, shops are opening up which expects the
customers to bring their own jars and bottles for refilling their daily use
items.
Instead of selling water bottles, there can be water dispensers which
would refill the bottle which you would carry with you.
The distance between
the producer and consumer needs to be reduced so much so that the need of
packaging material is eliminated.
But this doesn’t happen because the economy
has gone extreme on the idea of division of labor and globalization, where each
person is expected to specialize and spend all his time in just a single narrow
domain.
In traditional homes for example, this isn’t the case, as people there
know how to produce many of the stuff all by themselves.
In tribal societies on
the other extreme they in fact produce everything all by themselves.
So perhaps
to fix the culture of disposability and extreme division of labor, we might
want to shift a little backwards to progress toward a more cleaner and
healthier future by learning to do more stuff by ourselves, and finding time to
do the same.
This will require a cultural shift, in fact in a country like
Pakistan; we rather need to put some breaks on the cultural shift from
traditional to modern or that matter, and reassess what we are adopting and how
it would impact.
The impact of disposable culture as a matter of fact is
already visible, yet we are not too far away from what we have left behind.
Entrepreneurs who are concerned about plastic pollution, therefore, may want
to re-brand and promote a non-disposable lifestyle where reuse and recycling
are the norms.
Contrarily if as an entrepreneur or inventor you are trying to
find alternative materials for plastics, well that’s noble!
More power to you,
but please ask, why plastic has become so common in the first place!
And that
will take you places, where it will be possible to eliminate the problem
altogether from existence.
Talk about packaging free non-disposable lifestyle,
instead.
Removing one packaging material with another which we claim to be biodegradable,
may not be the ultimate solution, let alone the disruptive one.
Imagine, is it
possible to produce alternative biodegradable materials in 100 million ton per
year, and even if its possible, what will be environmental effects of 100
million ton of some new type of material on the planet, will its access be
beneficial for the ecosystem, will production be environmentally sustainable?
And most importantly a trillion dollar industry will just allow any competitor
to make them obsolete?
Please see rule number seven above again.
Digging
deeper also enable us to see the connection between multiple problems.
Like in
case of plastics, when we analyze the system of production spread across long
distances, we also begin to connect other problems with it.
Transportation to
long distances also creates green house gases, which are responsible for
climate crisis.
Which is in fact a bigger problem in the making in comparison
to plastic pollution, but it is connected in two ways with plastic production
also.
1) The industrial system, which is dependent on a global transportation
system to move raw materials and finished products, requires cheap and robust
materials for packaging (plastic!), and
2) The raw material for plastics is
fossil fuels, without which the transportation is not possible either at the
moment.
So fossil fuel is not just causing climate crisis, but also has given
the modern man a means to wrap the products.
But this begs the question why do
we need to transport stuff to such a long distances?
Why it’s not possible to
develop all the stuff we need, at least the stuff we need for survival within a
few kilometers radius?
Is it not technologically possible to dedicate a few
floors in every building for the production of food for example, so that the residents
do not have to source it from long distances?
When we are miniaturizing much of
the computer hardware, why we do not try to miniaturize cloth production as
well?
Why not we use industrial hemp which can be grown virtually anywhere with
a fraction of water, and use its fiber to make cloth in our mini factories
spread all over the city?
In many homes, we have machines to extract water from
the air which can be used for irrigation or drinking etc., but we just throw
the water down the drain, rather use the machines to cool the air inside our
homes and offices (commonly known as Air Conditioners), why not redesign the
machine to produce water though solar energy (this already begin to happen)?
Is it possible to generate energy through wind and solar for this miniaturized
system of production or life support system?
I cannot digest the fact that we
do not have enough technological knowledge or resources to do so?
In fact part
of what I just shared is already being attempted in many parts of the world.
Self-sustainable communities and infrastructure is already in the making, all
what is needed to take it to the next level where all the water, food,
clothing, medicine, are produced within the vicinity of the community, and the
surplus is given free to others.
So in the
above example, the disruptive solution to environmental and oceanic pollution
is not in inventing electric cars or in biodegradable plastic, but in
reinventing the production system.
But here is a deeper level to the problem.
The global system of production is designed to maximize profits.
The very idea
to access global markets even directed the advancement of technology for the
sake of globalization process, so we do not see advancements on the idea of
self-sustainability on a micro scale.
We can import stuff from anywhere on the
planet, and sell likewise, so why try to produce stuff close to where we live,
why not enjoy a wider variety of products when we can?
The planet unfortunately
cannot afford that luxury anymore and if the planet becomes more and more
inhabitable then it will eventually lead to our own extinction as well.
Global
inequality and exploitation of improvised nation is another externality of the
process.
So the very ideology which fueled the exploitation of the planet for the
sake of profits, need to be disrupted by the ideology of sustainability.
So the
disruption in the production system often has to be grounded in a disruption in
the ideological landscape for that matter.
Step three is choosing the right target audience; the audience which
has been affected by a certain problem, or at best understand the root cause,
and is willing to pay a price for a solution.
The higher the level of awareness
and motivation toward solution, the better it would be, if not then education eventually
becomes a natural part of deploying a solution in step three.
For
example, if they want to get rid of plastic, they can be educated about how it
is possible to bring necessary changes in their lifestyle, if they are not
aware for example with the related problems, then obviously the process of
their education and conversion toward a plastic free lifestyle would take much
more time and resources.
An important approach which can be taken to
educate the public is to PERSONALIZE THE PROBLEM for them which
you as an entrepreneur is trying to fix.
In this
context, approach used by Marie Kondo, is a good example.
Instead of talking
about how hyper-consumerism is damaging for the environment, Kondo focuses on
something very personal: Bringing Joy in our lives by improving relationships
by removing the unnecessary material stuff which often become a bone of
contention among family members (see her Netflix series Tiding Up).
Also a
disordered, messy home, full of unnecessary stuff, cannot give you the peace of
mind and can keep you distracted from important stuff like relationships.
So
her movement to de-clutter the homes, and letting go the unnecessary stuff and
keep only the stuff which brings joy also acts as a counter movement against
consumerism which is also responsible for creating massive amounts of pollution
in our lives.
Educational content focusing on a point which people can value,
therefore, can in itself become means to create disruption for good.
For that
we must have comprehensive knowledge about how a certain problem effect the
public on a personal level. Besides modern advertisement do this all the time.
Here is
another example, traffic congestion leads to waste of billions of rupees offuel every year in Pakistan, which subsequently adds to the environmental
pollution.
So raising awareness about environmental pollution and how bad it is
may not much help the people who do not have any other alternative.
However, a
training program which effectively teaches the corporate world to allow their employees
to work from their homes, with the focus of minimizing cost and improving
productivity.
Such a switch over is perhaps difficult until effective systems
are in place which enables employees to work from their homes using digital
connectivity, many white-color jobs can be transformed in this manner.
Employees can be hired on a 10-20% lesser salary for example, the stress due to
commuting can be eliminated, flexi-hours can enable employees to improve their
work-life balance, and save many hours of commuting.
A happy employee is a
productive employee.
As a result people will also burn less fuel and
subsequently will reduce environmental pollution as well. Along with
education or consultancy services, necessary IT solutions are also provided to
the corporate clients for that matter.
So to fight against climate change,
instead of bringing in electric cars and competing directly with the
conventional auto manufacturers, we can use tech to avoid commuting altogether.
So to reduce greenhouse gas emissions, we avoided direct competition, opt to
eliminate the root cause of the problem, focused on simplicity, and going back
to the tradition of working of home.
Communication technology however was an
addition.
A lot more
can be added here, but the basic steps which can lead to the development of a
disruptive idea has been explained above. Here is a summary
1. Awareness
about problems as per the degree of intensity
2. Awareness
about their root cause which may spread across various disciplines. The
knowledge of multiple disciplines is therefore necessary.
3. Understanding
how deep the root goes, we must understand, is a model or system level issue,
or is the root exists in the logic on which the system is built, or the
paradigm on which the logic is based on, or the very axioms on which the
paradigm is built.
4. The
level on which the root is grounded is where the disruptive solution to the
problem exists, changing the structure of the level like the logic on which the
system is built will lead to the development of a disruptive solution. The idea
of circular economy and miniaturization of production system are good examples.
5. The
deeper the root goes, the more education of the public will be required.
6. The
need of education which focus on a personal economic or emotional benefit of
the target audience can in-itself become a value proposition
7. Follow
the rules described in previous section to work out a disruptive solution.
Particularly the rule about simplification, which is in fact the key to the
solutions of many modern problems. And simple solutions often do not require
heavy investments.
In case
you have any question, feel free to message me.
About Author:
Dr. Omar Javaid has a Phd in Entrepreneurship from Institute of Business Management, MS in Management Sciences from KIET, MBA (executive) from IoBM with majors in Marketing and BE in Industrial & Manufacturing Engineering from NED University.
Mr. Javaid has a total of 14 years of experience of working in corporate, non-profit and education sector.
Mr. Javaid’s core competence is mentoring new startups and ventures; since 2010 he has helped hundreds of students in their entrepreneurial ambitions. He has also been empowering students to setup micro businesses for poor unemployed folks, and have successfully initiated around 500 such projects during his academic career up till now.
Mr. Javaid has been invited to speak multiple times at IBA, NED University, UIT, NEST I/O and SoL on topics related to entrepreneurship.
He has also published various research articles and editorials in various journals, magazines and news papers; and is a reader of Entrepreneurship, Social Entrepreneurship, Islamic Economics and Finance, and Philosophy of Economics and Business Management.
Apart from teaching at IoBM he is also responsible to mentor IoBM students to setup the entrepreneurial ventures and facilitate in the process of developing of an entrepreneurial ecosystem within the Institute.
About Author:
Dr. Omar Javaid has a Phd in Entrepreneurship from Institute of Business Management, MS in Management Sciences from KIET, MBA (executive) from IoBM with majors in Marketing and BE in Industrial & Manufacturing Engineering from NED University.
Mr. Javaid has a total of 14 years of experience of working in corporate, non-profit and education sector.
Mr. Javaid’s core competence is mentoring new startups and ventures; since 2010 he has helped hundreds of students in their entrepreneurial ambitions. He has also been empowering students to setup micro businesses for poor unemployed folks, and have successfully initiated around 500 such projects during his academic career up till now.
Mr. Javaid has been invited to speak multiple times at IBA, NED University, UIT, NEST I/O and SoL on topics related to entrepreneurship.
He has also published various research articles and editorials in various journals, magazines and news papers; and is a reader of Entrepreneurship, Social Entrepreneurship, Islamic Economics and Finance, and Philosophy of Economics and Business Management.
Apart from teaching at IoBM he is also responsible to mentor IoBM students to setup the entrepreneurial ventures and facilitate in the process of developing of an entrepreneurial ecosystem within the Institute.
TAGS Business Culture Business Skills innovation Small Business start-up
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