How A Dying Coal Industry Offers Disruptive Insights Into Your Business!

by | May 15, 2019 | Uncategorized | 0 comments

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How A Dying Coal Industry Offers Disruptive Insights Into Your Business!

Finance of new development has declined by three quarters over the past three years. Plants are closing. Renewables are growing.

It’s a great lesson in More’s Law and understanding how disruptive technology can change your industry.

More’s Law is a principle that tracks how technology performance doubles every 18 months. The cost of implementation mirrors this doubling — but in the direction of zero.

In other words as renewables performance doubles, the delivery cost moves towards zero.

This means that we will soon be able to deliver the worlds power needs at virtually zero cost.

The net outcome is a world of abundance as opposed to scarcity.

Kind of blows your mind, doesn’t it?

More’s Law is creating a new economic principle that is driving disruption. It will redefine how economics work and how we need to run our businesses.

It fundamentally changes the way that we solve problems.

Your industry/business solves problems in a way that was built on old technology (coal). If you do not embrace a new way of using technology (renewables), you will become irrelevant.

The best way to understand this is to take the problem you are solving and intersect this with the exponential technologies.

Once here, you need to think about how this problem can be solved in 5 to 10 years.

We all know how fast this is moving. We all know that the future is not defined.

So you need to break this down into manageable steps that will allow you to adapt, based on your changing future solution changes.

Here is how Elon Musk did it for Tesla

And how Vinny Lingham is doing it for Civic using the blockchain.

(Read more on Vinny’s recursive strategyhttps://firstround.com/review/the-recursive-product-strategy-that-musk-used-to-build-an-empire/)

Each started with the end problem in mind, knowing three things:

In summary, two things to focus on:

Originally published at What’s The Future.

How A Dying Coal Industry Offers Disruptive Insights Into Your Business!

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