Dsruptive innovation vs. Continuous innovation
High-tech industries introduce disruptive innovation routinely, during which people are converted into customers by following a pattern of normal distribution. The product’s user growth follows an S-curve.
Disruptive innovation’s customers are converted at different stages in the technology adoption life cycle. They are…
|Segment||What They Want|
|Innovators||novel, cool and experimental things|
|Early Adopters||gaining advantages or getting products before others|
|Early Majority||proven ROI, instant access, low transition costs, support available|
|Late Majority||adopting as minimal as possible or only when everyone else has adopted|
|Laggards||avoidance to adopt new things|
This cycle provides guidance of the high tech marketing model: the way to develop a high-tech market is to work the curve left to right, focusing on each group one by one, because groups on the left promote products for the right ones in a momentum.
Momentum is vital because it can
Inspecting into the technology adoption lifecycle, we can see
and one CHASM
Early adopter-to-majority chasm. Because their needs are different
The compatibility above leads to two key points
Who did fall into the early adopter-to-majority chasm in 2014? E.g., holograms, pen-based tablets, fuel cells, QR codes (in the US), Massive Open Online Courses, Segways, Motorola iridium.
Beancounters traditionally use command-line tools or self-host servers with private networks, where they have to operate through a computer or a general-purpose text editor on mobile. Beancount.io reduces hassles by bringing open-sourced Android and iOS mobile apps and a secured cloud so that your ledger is now a few taps away from your fingerprint.
Beancount is a computer language that enables double-entry bookkeeping in text files. Once you define financial transactions in the file, it will generate various reports. Martin Blais, the designer of this language, argues that command-line bookkeeping has many advantages - It is fast, portable, open, and customized.
We strongly agree with the argument and share the feeling of empowerment brought by beancount language. And we wanted to do more - introducing the technology to more people. It means that we have to improve the usability and make it more accessible to a broader audience.
Not everyone is a command-line enthusiast, and this is why we build Beancount.io - the personal finance manager for everyone. Here is how it works:
For heavy-duty work, beancounters could still use their computers to edit or view the ledger with their browsers visiting https://beancount.io or syncing with Dropbox. This keeps the flexibility of the command-line tools, while not losing the cross-device access of the cloud-based solution.
For daily light-weight operations, such as instantly adding an entry, beancounters could use the mobile app to connect to the secured cloud.
Mike Thrift, a backend engineering working on this product, says
I used to set up a reminder every day for myself to open my laptop and input records to my bean files. Now, with beancount.io, it is way easier for me to modify my ledger whenever I need it, even when I am outdoors purchasing something in the store.
Zhi Li, a software engineer from Facebook, tells us
I have migrated all my beancount files to beancount.io, and now it works perfectly for my day-to-day usage. I have paid for Pro features like automatic data backup, but I feel there are more things you guys could do to improve the service.
You could sign up now at https://beancount.io/sign-up/ or download iOS or Android App. We streamlined the registration to collect as minimal information as we can from you to bootstrap the service. Then you will get a preset empty ledger that is ready for you to add an entry right away.
The great plateau is the career state that the maintenance of the status quo consumes all your time and energy so that you cannot break through and reach the next level of your life.
Here is some advice to help you move forward.
What are the factors that are pumping or dumping you? Are those factors serving your goals instead of contradicting your goals? Are those goals aligning with each other instead of violating each other?
Be realistic and refer to the base rate ratio when analyzing and setting the goal. For example, Jeff Bezos told a story about a handstand coach’s experience - most people believe that they can learn handstand in two weeks; however, it usually takes six months. When you get stuck, the answers are more likely to be from others, from reality, not from yourself.
Stop aiming at a moving target. Your current situation is possibly what you desired four or five years ago. Don’t be too greedy :)
More specific to those dumping you and wasting your time and energy, could we remove those costs? Maybe that will hurt the upside temporarily; however, could that be the hockey stick growth afterward?
Take a sheet to list your daily operations and mark them as burdens or not. If yes, how to remove them?
To shake yourself to leave the local optima, you need to set aside some time specifically for something new. The process seems useless at the beginning and may take long time.
You have to be patient. Like what Steve Jobs did when he returned to Apple after the exile, he cut less profitable product lines and waited for the next big wave.
Business is an infinite game, and you can always accumulate comparative advantages over time. If you have some extra time and are not sure of a clear goal for now, you could always invest in yourself - better mental and physical health to help you fight through battles in the future. Keep learning and knowing more to increase the probability of success. Optimize the business to work more efficiently and live longer on the market.
Finally, do not underestimate your growth. There is a deception phase even with prominent technologies like AI or 3D printing; they seem not to progress for a long time and then suddenly improve at an exponential rate.
We, engineers, often boast about leadership without a clear definition of what we are saying. We boast with authority - X years of experience, intimidating titles from prestigious companies, and quotes from big names. We boast with emotions - close friends achieving financial freedom, leaders making a huge impact, and how exciting business is taking off. We boast with logic - the team should be united, we are a team, and then we should be united.
It is OK if boasting is a personal matter. However, unfortunately, flattery lives in the nature of hierarchical corporate life, especially for those from East Asia. Meanwhile, people in the United States tend to say good things to each other so that both parties can feel better. Praises are literally everywhere.
As a result, leadership is like teenage sex: everyone talks about it, nobody really knows how to do it, everyone thinks everyone else is doing it, so everyone claims they are doing it.
Here are the definitions to distill the clarity from those chaotic ramblings of the mass.
What is leadership?
Leadership is organizing people to solve challenging problems.
What does it really mean?
What is technology?
Technology is a scientific way of solving problems.
What does it really mean?
What is innovation?
Innovation is creating something new.
What does it really mean?
Well, what is technology leadership?
Technology leadership is organizing people to solve challenging problems with technologies, usually through innovations.