Chapter 1
What are small early indicators that suggest future change in an industry?
Weak Signals
What term describes early signs that suggest a potential shift in the market before it becomes obvious?
Early Warnings
What is the difference between an industry and an arena?
An industry = fixed competitors and boundaries
Arena = broader customer needs, substitutes, and trends
What perspective does design thinking stem from?
Customer perspective
What do we call outdated beliefs that companies continue to rely on despite market changes?
Assumptions
What type of metrics focus on past performance and can create blind spots?
Lagging metrics
According to the core insight, what happens when the “job to be done” changes?
The entire arena shifts
List porters 5 forces
Threat of New Entrants
Bargaining Power of Buyers
Bargaining Power of Suppliers
Threat of Substitutes
Rivalry Among Existing Competitors
What are the four basic stages in the development of inflection points
Hype, Dismissive, Emergent, and Maturity.
What is the term for the key moment organizations should identify to prepare for change?
Time Zero
What is one common early warning sign that a company may be missing disruption?
Customers choosing “good enough” alternatives.
What are the two theories that explain how entrepreneurial opportunities are formed?
Discover Theory and Creation Theory