It seems you can’t talk about business anymore without talking about disruption.
Singapore’s Prime Minister Lee Hsien Loong recently singled out disruption as his country’s defining economic issue, telling Channel NewsAsia: “Old models are not working, new models are coming thick and fast, and we’re having to adjust and to keep up, because of technology and globalization. And the disruption will happen over and over again, relentlessly.”
Disruption is often referred to and defined in the way that the Prime Minister has above, though not everybody will agree that this is the technical definition. What everybody can agree on, however, is that the rate of change seen throughout almost every industry, due to new technologies and advanced rates at which ideas spread, is steadily increasing, and shows no signs of slowing down.
