Transformation with a capital T | McKinsey & Company

… imagine… You run a retail bank with a solid strategy, a strong brand, a well-positioned branch network, and a loyal customer base. But a growing and fast-moving ecosystem of fintech players—microloan sites, peer-to-peer lenders, algorithm-based financial advisers—is starting to nibble at your franchise. The board feels anxious about what no longer seems to be a marginal threat. It worries that management has grown complacent.

Source: Transformation with a capital T | McKinsey & Company

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Transformation with a capital T | McKinsey & Company

… imagine… You run a retail bank with a solid strategy, a strong brand, a well-positioned branch network, and a loyal customer base. But a growing and fast-moving ecosystem of fintech players—microloan sites, peer-to-peer lenders, algorithm-based financial advisers—is starting to nibble at your franchise. The board feels anxious about what no longer seems to be a marginal threat. It worries that management has grown complacent.

Source: Transformation with a capital T | McKinsey & Company

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Are You The Point Of Inflection?

Barry McCarthy, Netflix’s former chief financial officer, said in an interview with the Unofficial Stanford blog in 2008, “I remembered getting on a plane, I think sometime in 2000, with Reed [Hastings] and [Netflix co-founder] Marc Randolph and flying down to Dallas, Texas and meeting with John Antioco. Reed had the chutzpah to propose to them that we run their brand online and that they run [our] brand in the stores and they just about laughed us out of their office. At least initially, they thought we were a very small niche business. Gradually over time, as we grew our market, his thinking evolved but initially they ignored us and that was much to our advantage.” …

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Are You The Point Of Inflection?

Barry McCarthy, Netflix’s former chief financial officer, said in an interview with the Unofficial Stanford blog in 2008, “I remembered getting on a plane, I think sometime in 2000, with Reed [Hastings] and [Netflix co-founder] Marc Randolph and flying down to Dallas, Texas and meeting with John Antioco. Reed had the chutzpah to propose to them that we run their brand online and that they run [our] brand in the stores and they just about laughed us out of their office. At least initially, they thought we were a very small niche business. Gradually over time, as we grew our market, his thinking evolved but initially they ignored us and that was much to our advantage.” …

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Peer-to-peer Lending Loop returns to the market months after being sidelined by regulators | Financial Post

Pastoll said technology and automation are being employed to keep the process from getting too expensive or bogged down with paperwork.

“We’ve created a novel structure that actually allows this business model to operate… It’s still as frictionless as possible,” he said. “A lot of what we’ve been working on is still making sure the process is streamlined and efficient.”

Source: Peer-to-peer Lending Loop returns to the market months after being sidelined by regulators | Financial Post

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Peer-to-peer Lending Loop returns to the market months after being sidelined by regulators | Financial Post

Pastoll said technology and automation are being employed to keep the process from getting too expensive or bogged down with paperwork.

“We’ve created a novel structure that actually allows this business model to operate… It’s still as frictionless as possible,” he said. “A lot of what we’ve been working on is still making sure the process is streamlined and efficient.”

Source: Peer-to-peer Lending Loop returns to the market months after being sidelined by regulators | Financial Post

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In the age of disruption, complacency is an investor’s biggest enemy

The difference today is that it no longer takes 30 years for an innovation to become disruptive. Take for example the roll out of Airbnb and its impact on the hotel industry; Uber’s low-cost ride sharing, which will soon make city controlled high-cost taxis obsolete; Amazon’s online business, which is threatening higher cost big-box retailers such as Best Buy; and streaming services such as Spotify and Netflix, which are making CDs and DVDs a thing of the past.

Source: In the age of disruption, complacency is an investor’s biggest enemy

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In the age of disruption, complacency is an investor’s biggest enemy

The difference today is that it no longer takes 30 years for an innovation to become disruptive. Take for example the roll out of Airbnb and its impact on the hotel industry; Uber’s low-cost ride sharing, which will soon make city controlled high-cost taxis obsolete; Amazon’s online business, which is threatening higher cost big-box retailers such as Best Buy; and streaming services such as Spotify and Netflix, which are making CDs and DVDs a thing of the past.

Source: In the age of disruption, complacency is an investor’s biggest enemy

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Navigating Change

00:01 change it doesn’t call ahead it doesn’t
00:05 send a memo on how it plans to change
00:07 your business it comes out of nowhere
00:08 and leaves you in chaos but before its
00:12 arrival it sends millions of tiny
00:14 messages numbers trends data find the
00:19 clues see the patterns and change the
00:22 fortunes of your business

Source: Navigating Change

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