139 Hacks How to Leapfrog Your Business & Career with Tech & Biz-Models That Disrupt

In this article, you will learn the following

-17 examples of Countries, Communities, Businesses and Organizations Leapfrogging

-15 FACTS - India's Leapfrogging Challenge How Indian Politicians, bureaucrats and greedy big-business houses have made INDIA go down towards reverse-leapfrogging AND factors responsible for dismal IITs/IIMs placements at least this year AND also why despite being the biggest importer of arms & defense equipment why India is still using 2-decade old technologies

-18 Business Leapfrogging Ideas -Types of game-changing leapfrogging, businesses can use to disrupt the market, beat competition, and gain unparalleled advantages

-15 ideas on how to Leapfrog in Technology – in all aspects – Business, Organizational, Communities, and Individual basis

-34 Tips on How to Leapfrog in Your Career and Profession

-13 Ideas to enable brain wave for how to Future Possibilities

-27 Additional Tips How to leapfrog into the future

-9 Benefits and advantages of being a first-mover

-13 Disadvantages of being the first mover

How businesses, nations, communities, and individuals -can use leapfrogging as a game-changer to grow exponentially.

Have you ever experienced this phenomenon of buying the latest technology gadget, app, or tool – and within a very short time – you find that a technology far superior to what you have bought has come into the market – making you feel highly dissatisfied with your purchase?

Many businesses too face similar challenges and dilemmas – imagine having spent a fortune in acquiring and setting the ground for a new product, solution, or service – and then finding a competitor to launch a more sophisticated product, solution, and services.

To survive, grow, and thrive – organizations, as well as individuals, must continually innovate with a constant focus to acquire the most relevant technology and use it to its maximum potential- read my last article on this website - 72 Ways to Leverage Technology for Business Growth & Become a Trendsetter.

Leapfrogging, especially acquiring the cutting-edge latest technology is immutable for -nations and communities along with businesses and individuals – as all of them have similar predicaments.

This is especially applicable for those countries and communities where investment is scarce, and economies are smaller making innovating step by step as others are doing – a grand luxury - Many businesses as well as individuals everywhere face the same situation.

And that is where the concept of leapfrogging can offer – dazzling benefits, advantages, convenience, and features -in your business, in your organization, in your carer and profession as well as acquiring and using the latest technologies.

Technology leapfrogging enables you to use the most advanced technology - to beat your competitors' hands down and disrupt the market in big ways, or objectives that you have behind the acquisition of this latest technology.

Leapfrogging is a game-changer concept and revolutionary alternative that has been used very successfully in vastly different domains to catalyze unparalleled development and growth by leveraging the latest innovations and upgrading swiftly to the most advanced technologies.

Traditional development requires incremental upgrades – which require extensive infrastructure investments and a long gestation time to see the results.

So how do you leapfrog – the most basic and most important factor and the key to successful leapfrogging is identifying a critical bottleneck or limitation in the current situation and developing a solution that bypasses it entirely.

Few underdeveloped nations [who were decades behind technologically] - used this concept of technology leapfrogging –by bypassing older, less efficient technologies and directly adopting newer, very relevant, practical, cost-efficient, and more advanced technologies to propel themselves into the digital age to come to par with the technologies used by the most advanced nations, successfully with remarkable speed and efficiency.

Creating the mindset, intent, and focus – the countries and businesses as well as communities and individuals - can expedite progress, stimulate economic growth, and enhance societal well-being.

But all these need effective implementation through critical thinking-based strategic planning, robust infrastructure development, and conducive policies to ensure sustainable development and growth – which is a mammoth challenge for many, especially for a country like India.

17 examples of Countries, Communities, Businesses and Organizations Leapfrogging

1. DIGITAL Banking - In a few African countries – there was almost nonexistent physical banking infrastructure – they used the leapfrogging concept to launch a digital banking system that made millions start benefiting from banking systems – that did not have any way to bank earlier. Example -Kenya leapfrogged traditional banking systems with mobile money platform M-Pesa

2. Mobile Telecommunications - A few African countries had very limited landline infrastructure – and then they bypassed the wired networks completely and implemented mobile technology directly to become the fastest-growing mobile market globally– this leapfrogging helped enhance connectivity and facilitated economic development through social inclusion.

3. Green and Clean Energy revolution in rural areas- Many communities and nations have embraced solar panels and off-grid solutions, providing reliable and sustainable energy – instead of relying on traditional fossil fuel-based electricity grids. Costa Rica & Rwanda to name a couple - bypassed their reliance on fossil fuels by heavily investing in geothermal and hydropower, generating over 95% of their electricity from renewable sources to become a leader in clean energy production.

4. Digital payment - India has swiftly migrated from cash-based transactions to digital payment ecosystems – using the technologies of - mobile banking, e-wallets, and Unified Payment Interface (UPI) platforms facilitating millions with access to formal banking services. China's mobile payment platforms leveraged the high smartphone penetration rate to create a more convenient and widely accessible payment system. Example Alipay and WeChat Pay.

5. Technology Leap Example – TESLA started by disrupting automobiles and space through pioneering electric vehicles and autonomous driving technology – NOW China's BYD has surpassed TESLA

6. China's high-speed rail network - China bypassed decades of development in traditional rail infrastructure by investing heavily in high-speed technology, becoming a global leader.

7. Business Model Leap Example – Airbnb Disrupted the hospitality industry by offering a peer-to-peer accommodation marketplace, bypassing the need for traditional hotels and their associated costs.

8. Customer Experience Leap Example – Amazon Prime Revolutionized online shopping with fast and free delivery

9. Singapore to eliminate corruption – made the entire governmental bidding and contract system online and fully transparent

10. Value Chain Leap Example -Dell Achieved greater efficiency by implementing a direct-to-customer model, eliminating the need for middlemen distributors.

11. Grameen Bank in Bangladesh bypassed traditional banking by offering microloans specifically targeted towards the underbanked poor, enabling them to start small businesses.

12. Estonia revolutionized government services by offering most interactions online, leapfrogging traditional paper-based systems, and promoting efficiency and transparency.

13. Blockbuster Leapfrogged by Netflix's subscription-based streaming service

14. Traditional cab services Leapfrogged by Uber AND Zipcar (US) leapfrogged traditional car rental companies by using technology and offering app-based ride-hailing service, real-time tracking, fare transparency, and convenient payment options.

15. Lemonade, an Insurtech company Leapfrogged the Traditional Insurance companies by using AI-based tools and automation for faster claims processing, creating a more streamlined and transparent experience

16. Haier (China) leapfrogged established appliance makers by developing a mass customization model, allowing customers to personalize features on appliances online – this is way more effective than the DELL model

17. Southwest Airlines (US) leapfrogged major airlines by adopting a low-cost carrier model for budget-conscious travelers.

15 FACTS - India's Leapfrogging Challenge How Indian Politicians, bureaucrats, and the greedy big-business houses have made INDIA go down towards reverse-leapfrogging AND factors responsible for dismal IITs/IIMs placements at least this year AND also why despite being the biggest importer of arms & defense equipment why India is still using 2-decade old technologies

1. INDIA is ruled and controlled by the immensely greedy and power-hungry -politicians, bureaucrats, bootlicking media, and large businessmen and big business houses [with the intent, focus, and attitude of greed for power and wealth through corruption, frauds, and crime and looting] who loot, defraud and use all the black-tricks in the book to make the owners richer AND the industries & businesses sick [Mind you - these are also the same very group of people who are promoting tyrannical power base, crony capitalism, kangaroo courts, banana republic, and criminally controlled regulatory institutions and media].

2. Neither the government nor these business houses INVEST ANYTHING in Research and Development to invent new technologies – all are focused on buying second hand and using it as it was – without creating any improvements whatsoever – they are fully satisfied in using as well as being a service provider to what is invented elsewhere

3. The only exceptions could be – the ISRO & BARC – which this group has not been able to penetrate and control [so far thankfully – although one of these two might have a current head if not the last two with ideologies similar to theirs] – although they have managed to put people with questionable knowledge, education, experience, and qualifications with hardcore RW leanings [who don't deserve to be there at that level in this type of institutions at least - in any case] even in few institutions of the repute of IITs as well as IIMs

4. Because of all of these reasons and more – India is getting into reverse leapfrogging – by investing heavily in semiconductor technology of almost 15 years old AND DRONE technology which is also almost a decade older.

5. AND as a result - by the time they start delivering – the advanced countries would have advanced into even more disruptive ground-breaking technologies of the future – which would increase the gap further and India won't be able to catch up ever – if the same thought patterns remain.

6. The most shameful part is that – these people are chest-thumping loudly – for paying the heavy premiums on almost edging-out technologies [on a relative scale] – whereas they could have leapfrogged to the latest technologies – by paying the same heavy premium they have agreed to pay for the old, outdated and last decade's technologies.

7. To qualify - India is getting into manufacturing of 28nm/40nm chip plant which needs around $50-$60 million (~₹400 crores INR) BUT paying an uncalled-for premium of $5.8 billion to seek entry into the Semiconductor value chain. If you want to know -Taiwan started manufacturing 40 nanometers (nm) in 2008.

8. Today the world is working on developing a 2-nanometer semiconductor production platform by creating infrastructure -Samsung Electronics and Taiwan Semiconductor Manufacturing Co. (TSMC) are working together to develop this platform.

9. Right now, the most advanced is 3nm – mass production of 5nm started in 2020 by Samsung and TSMC.

10. By the time India starts manufacturing 28nm/40nm – the world would have gone into and developed the as of now unimaginable powerful sub-nanometer OR might even have something that disrupts this technology altogether – Intel is already working with Samsung Electronics and TSMC for sub-nanometer technology.

11. Similar story as far as drone technology is concerned – a lot of people are so proud that we are getting it – REALLY – outdated technology at a premium

12. Shamefully, Sadly, and pathetically – they are doing the same in Defense as well as other security and law & order agencies – saddling it with OUTDATED equipment and technologies although India could be the biggest importer of arms and military equipment– thereby weakening the defense and reducing the deterrent factors which is why the aggressive neighbors are not deterred – only to loot and make their cronies richer and country poorer and weaker.

13. Thanks to this crony mindset, focus, and culture – MERITOCRACY does not get rewarded – MORON-Cracy is well established now due to unethical leapfrogging of people without any qualifications [skills, expertise, talent, attitude, competencies, etc.] – to powerful positions especially in the government sectors AND IN ALL THE REGULATORY & SUPPOSEDLY AUTONOMOUS INSTITUTIONS

14. Institutions like IITs – have not leapfrogged and reinvented themselves with the courses that the changing world needs and is developing – as a result thereof we have the case of THREE MOST RESPECTED IITs – [Bombay, Kanpur & Madras have sort of 1/3rd students unplaced – later IITs should be doing worse] – although various opportunities are available to those exposed with new technologies in Global Gig-culture channel.

15. The fate of a few later IIMs too is similar even though you might not have read about it.

16. BUT the scariest part is that even those who have been placed don't have concrete offer letters WHICH gives me the deja vu of Post 2008 era when there was no major impact in India of the global recession and even then, thousands of people who got the offer letter did not manage to get those jobs.

18 Business Leapfrogging Ideas -Types of game-changing leapfrogging businesses can use to disrupt the market beat competition and gain unparalleled advantages

1. Create new business models – read my article – on this website - 52 Next-Level Proven Business Models for Entrepreneurs & Leaders for Phenomenal Growth and Massive Success

2. Enter new markets and capture your competitor's market by rewriting the rules of the game and by creating newer offerings never given before using the latest technologies.

3. Be willing to take risks, remain patient and flexible to pivot as well as improvise – as leapfrogging cannot be achieved through quick fix

4. Leverage customer data obtained through ethical means through meaningful engagements AND use this to develop various business models, revenue-models, marketing-models, service-models, financial-modals etc.

5. Develop sustainable and efficient – products, services, and solutions by becoming a Biomimicry Master Biomimetics or biomimicry is drawing inspiration from nature's ingenious solutions and emulation of the insights into models, systems, and elements of nature to solve complex human problems -Biomimetics or biomimicry– our next week's article topic

6. Gamify Your Business Processes and implement gamification techniques to increase employee engagement, improve training effectiveness, and boost customer loyalty.

7. Create jaw-dropping exceptional customer service – to establish yourself as the most ethical, trusted, and best provider of solutions – in a niche competitors find difficult to scale and compete

8. Create solutions that on their own diagnose and offer solutions and connect the service providers automatically – using AI and sensor technology – to minimize downtime and maximize equipment lifespan as well as productivity and running time.

9. Use data visualization and compelling narratives to communicate complex insights and drive strategic business decisions – in your strategy meetings and problem-solving interactions

10. Make it a practice to use AI tools for creative tasks like brainstorming, content generation, or product design to accelerate innovation and overcome creative blockages – in all your decision and strategy meetings and any interactions towards finding solutions to tough challenges creatively and innovatively

11. Explore the potential of the concept of community-owned and operated Decentralized Autonomous business Organization - to disrupt traditional corporate structures and empower stakeholders.

12. As a business leader – work on developing a global talent pool and leverage technology to foster collaboration across borders in the remote work models

13. Empower your customers to contribute to innovation - - by engaging them meaningfully through your crowdsourcing platforms to gather data, generate ideas, and foster a sense of community around your brand

14. Instead of competing in saturated markets, identify highly specific customer needs and tailor your offerings to perfectly meet them -Find an existing, successful business model and identify a weakness. Develop a solution that addresses that weakness and disrupts the established market

15. Partner with NGOs or research institutions to solve societal problems through data analysis and insights.

16. Craft a business strategy that leverages AI and big data to personalize customer experiences on a massive scale

17. Identify and cater to niche, highly engaged micro-communities with specific needs that larger businesses overlook

18. Develop experiences, products, or services specifically designed for the evolving metaverse, a potential future iteration of the internet

15 ideas on how to Leapfrog in Technology – in all aspects – Business, Organizational, Communities, and Individual basis 

1. Become a FUTURIST - Although this career option has always been available – now it has become a big opportunity – irrespective of your role, position, and status – all of us can become Futurists – by training ourselves to predict trends instead of following.

2. Dive deep into the emerging technologies and then put serious efforts into understanding their potential impact and then work on positioning yourself at the forefront of any such technologies – read my article on this website - 33 Technologies to Overcome Challenges and Achieve Unprecedented Success in Your Business & Profession & also - 72 Ways to Leverage Technology for Business Growth & Become a Trendsetter

3. Proactively – search for and contribute to open-source projects used by organizations that are at the forefront of cutting-edge technologies as well as industry giants AND network with leading developers

4. Research fringe technologies and explore their potential applications in your field – and then challenge yourself to solve problems with unconventional solutions

5. Become a Polymath -learn about wide-ranging subjects like - Design Thinking, Neuroscience, Or Economics, And Even Biomimicry - Learn About Embedded Systems, Robotics, Or The Internet Of Things (IoT) To Bridge The Gap Between Physical And Digital Worlds - Learn Advanced Data Analysis Techniques Like Machine Learning And Natural Language Processing To Extract Valuable Insights And Solve Complex Problems - Master Blockchain And Its Fundamentals And Explore Its Potential Applications In Your Field - Learn About Satellite Technologies, Space Robotics, Or Even Closed-Loop Life Support Systems To Push The Boundaries Of Human Potential - Partner With Researchers Developing Cutting-Edge AI Models.

6. Learn From The Experts And Use Your Insights To Develop Groundbreaking Applications

7. If possible – identify which category of population is under-served - design technology solutions keeping in mind - accessibility, low-bandwidth environments, and cultural nuances to create inclusive technology

8. Become a Disruption Catalyst – learn to identify inefficiencies, gaps, and deficiencies – then find effective ways to fill them using radical solutions

9. Utilize cloud-based platforms and virtual machines to experiment with hardware and software that might be otherwise inaccessible - Connect with developers and researchers worldwide through online communities and forums - Share ideas and collaborate on international projects -Combine data analysis with creative thinking. Use algorithms to generate innovative product ideas or marketing campaigns

10. Bridge the gap between technical experts and non-technical stakeholders. Explain complex ideas in clear, concise language and foster better collaboration.

11. Learn and use Biohacking (Ethically) -Explore biotechnologies that can enhance human cognitive abilities. This could involve tools like brainwave entrainment or nootropic supplements

12. Invest time and effort in mentoring others and building goodwill within your field. This network of

13. Volunteer for challenging projects, apply for stretch assignments and step outside your comfort zone.

14. Publish articles, speak at conferences, and develop a strong online presence to build your reputation.

15. Master low-code/no-code platforms to rapidly prototype solutions without extensive coding

16. Offer to mentor senior colleagues on emerging technologies or trends which will help you to learn from their experience and gain valuable insights.

34 Tips on How to Leapfrog in Your Career and Profession

1. Become a proactive and exceptional learner – getting inspired to learn through every means and mode of online courses, conferences, workshops, and mentorship opportunities as well by teaching others - Explore microlearning platforms, podcasts, or educational apps

2. Become an influencer – Professional, social-change, technical, and anything that is your main interest area - Share your experiences, setbacks solutions, insights, and expertise to add exceptional value and to create a big chunk of ever-increasing loyal followers – think Dhruv Rathee, Ravish Kumar, Sakshi Joshi etc.

3. Identify your exceptional talents and competencies and list real projects that you implemented including the failed ones and their learning AND how you can add value to organizations, customers, employees, and socially – then reach out to organizations you want to work with -those would benefit from your expertise

4. Showcase your accomplishments, skills, talents, skills, competencies, Niche, expertise, and passion not only in the interviews and presentations BUT also through YouTube videos and on different social/professional media channels – become a great Master Storyteller

5. Find gaps in your knowledge, skills, attitude, and experience through soliciting feedback from the people whom you respect and admire AND those who want you to succeed to identify areas for improvement and accelerate your growth

6. Demonstrate your transferable skills and fit for future roles and responsibilities by sharpening your leadership, behavioral, and soft skills

7. Continuously learn and then customize, adapt, and implement – global best practices followed by the most admired people and organizations – into your personal, professional, business, financial, and career

8. Develop, sharpen, and strengthen your entrepreneurship mindset and attitude by becoming a Micro-Entrepreneur within Your Role - Identify opportunities to innovate within your current role and implement your solutions or suggest ideas champion for their implementation

9. Build Your Reputation as a person who can identify and solve complex problems

10. Prioritize opportunities for skill development and continuous learning over just a higher salary - negotiate for facilities for skill Development when negotiating a new role

11. As a business leader and professional – master and use -data visualization and compelling narratives to communicate complex insights and drive strategic business decisions

12. Develop, sharpen, and strengthen your entrepreneurship mindset and attitude by becoming a Micro-Entrepreneur" within Your Role

13. Showcase your unique value proposition by proposing solutions to the challenging and crippling situations being faced by – your organization, your bosses, and your prospective

14. Develop and build your image as a Renaissance Professional - develop deep knowledge in seemingly unrelated fields by combining and using your expertise in your core profession – to create a unique skill set that sets you apart

15. Become an expert in recognizing and mastering the skills and knowledge of emerging future work scenarios - Become a specialist in the future of work and help your organizations adapt to changing demographics, the latest technologies, automation, and the gig economy

16. Proactively seek opportunities to collaborate with professionals from different disciplines on projects that require a holistic approach - cultivate a global perspective and cultural sensitivity to thrive in an increasingly interconnected world.

17. Wherever possible - leverage remote work opportunities to work from anywhere in the world while getting involved in the pursuits that make you come alive to fill your life with memorable experiences and also help excel in your profession and career

18. Share your knowledge and expertise by developing or contributing to openly accessible educational resources, establishing yourself as a leader in your field.

19. Develop a growth mindset that encourages resilience and adaptation - View failures as learning opportunities

20. Practice self-care - Sharpen your focus, improve your decision-making abilities, and manage stress through mindfulness practices and meditation

21. Build and nurture meaningful network – in personal, professional, social, and business circles – to get exposed to diverse cultures and backgrounds to gain a broader perspective

22. You need to be proactively prepared to survive in the severe job crisis, especially in India – there are cases where you are either getting laid off or not able to find even campus placement although from one of the most reputed Indian institutions which is also recognized globally as a center of excellence

23. Rethink how you can create irresistible value for your employers and more important how would you showcase these

24. Stop focusing on big brands ONLY – start looking at big brands – look at small and medium enterprises – that struggle to get quality talent – that is where probably you can add maximum value to all stakeholders

25. Explore possibilities at gaining hands-on project experience of a versatile nature Again in SME or startups – as the challenges would be unprecedented and would train you to deal with disruptions and changes effectively – AND after joining there – make sure you prove your worth

26. If your focus is only HIGH-salary and Big-brands – in your initial jobs – please understand that – it is almost impossible to gain exposure and very difficult to play a meaningful role in major projects in large brands

27. Explore the possibilities of getting projects [which in today's connected world have in plenty] -

28. From USA, Europe, Australia & Canada, and Africa - if you have some talent for which your organization is paying you

29. If you are working – create your own team AND contribute yourself on weekends AND after office hours – in these types of projects. I know many people who are making surprisingly high amounts of money – THIS IS ALSO HELPING THEM BUILD THEIR OWN PERSON BRAND & ESTABLISH THEM AS trusted providers.

30. Develop solutions on cases and situations of business challenges related to your own domain expertise -Connect with companies, institutions, and organization bodies to source industry challenges and build solutions to keep your talent in shape and sharpen – through creating real-world solutions

31. Find ways to offer as-a-service solutions to small and medium enterprises which cannot afford to hire full-time professionals – I have identified 52+ models based on your talent and expertise you may create even more by further finetuning these models -Read my blog - https://successunlimited-mantra.com/index.php/blog/52-next-level-proven-business-models-for-entrepreneurs-leaders-for-phenomenal-growth-and-massive-success

32. If you are unable to find meaningful employment and you must earn to support whatever – AND are Talented - do anything to start earning, from teaching kids in the neighborhood to taking up part-time jobs, starting a small venture, just do anything to keep the revenue streams flowing - as long as it is ethical and it pays reasonably

33. Recce the internet for relevant certifications and courses – do MOOC courses from the global best universities

34. Go for learning, understanding, practicing, and mastering – GenAI and all its avatars and other emerging technologies

13 Ideas to enable brain wave for how to Future Possibilities

1. Use Biomimicry – to find ways in which you can emulate and replicate in solving any of the existing human challenges and problems – this is the topic of my next week's article

2. Pharmaceutical and Drug Manufacturing – using the power of Quantum computing to facilitate new drug discovery or new materials creation

3. Bioprinting organs for transplants to bypass the limitations of donor organ availability.

4. Designing products with repairability and reusability – like it happens in countries like India – by offering extended lifespans and reduced waste

5. Utilize blockchain technology for secure and transparent tracking of goods

6. Product designing leveraging AI and all its avatars to optimize product features for customer needs.

7. Developing affordable products and services specifically designed for low-income populations

8. Use AR/VR/ER along with GenAI and data analytics to personalize customer experiences across all touchpoints

9. Use AR/VR/ER to create immersive shopping experiences to facilitate exploring products, services, and solutions before buying.

10. Develop manufacturing processes to manufacture products that are easy to disassemble, repair, and then reuse for a longer duration to save environmental

11. Develop solutions incorporating change adaptation and disaster preparedness

12. Create a travel business model using AI to curate personalized itineraries based on real-time preferences, weather conditions, and cultural events

13. Healthcare providers use AI to predict potential health issues and to suggest preventive measures as well as triggering automatic healthcare response in times of emergency – based on its analysis of the changes in the body by detecting alarming changes

27 Additional Tips How to leapfrog into the future

1. Understand why laggards get dragged down – they have an abundance of ideas BUT might not have understood the real challenge and customer/market needs

2. Please understand that 1st mover has many advantages AND more disadvantages in case your company's success is based on one initial novel business idea, your advantage will be hard to sustain - being first doesn't guarantee lasting success.

3. Find innovative ways to improve time-to-market and respond to processes

4. Level Up Your Digital Strategies -a linear approach to innovation doesn't always work

5. Create new models, but travel light - do not fear reinventing your products and services on the fly

6. Challenge yourself constantly to not let accepted business practices prevent you from making unconventional and radically different decisions.

7. Engage experts from around the world and leverage global talent and brain and ideas

8. Innovate big - invest in innovation that will stand the test of time, as opposed to implementing incremental enhancements

9. Verify, qualify, and validate by doing thorough quality research--to make sure your innovation is built on technology and industry models that won't be obsolete in the near term – check why the TATA-Nano car which was supposed to be around USD 2K failed.

10. Recruit people with entrepreneurship attitude – but these employees are difficult to manage because of their being free thinkers with creative and innovative ideas and the habit of challenging the conventional

11. That is why the leadership team has to have the same entrepreneurial spirit to foster a greater sense of purpose for the entire company

12. Understand, learn, practice and master AI, GenAI, and all its avatars like ChatGPT and Google Gemini – ensure that all your employees are well versed in these tools.

13. Use these tools for all types of research and data gathering and analysis including market and competitor analysis

14. Use AI shopping agents with your domain-specific insight which has data about individual customer preferences, and their favorite influencers to recommend solutions based on generic preferences and style

15. Combine online shopping experience by combining entertainment and convenience and a joyous purchasing system

16. Use AI-powered meeting summaries, live transcription, and built-in infinite whiteboard - makes meetings effortless

17. Find ways to use AI tools effectively to predict your competitor's next move, identify gaps in the market, and even suggest new strategies to outsmart your rivals – then go and verify these predictions with actual market and business intelligence

18. Find ways to gather Data – on your customers as well as your competitors' - social media posts, blog articles, customer reviews, and anything that gives you insight into your competitor's business.

19. Use AI tools to sift through this huge amount of data – to analyze for all your objectives

20. Design process to spot trends, patterns, and sentiments that can give you a competitive edge.

21. Use the insights gained to create your business strategy to beat your competitors

22. Because the business and market landscape is changing rapidly – you need to regularly Update Your Data to ensure your analysis stays relevant

23. Then take action – mere analysis, knowledge, and insight are useless if you don't act on them

24. Then you need to track, monitor adjust, and do the course corrections – constantly

25. Make your organization's focus – on standing out – by offering great value and being different and unique - Instead of trying to be better than your competition. Look at the automobile industry – most of them have similar models – they compete and fight each other - but business does not seem to be getting much better for most of them

26. Find ways of using The Power Of Video -- Experiment with new video formats: Don't be afraid to experiment with new and innovative video formats, such as 360-degree videos, virtual reality, or interactive videos to Tap into Untapped Markets through Diverse Content Strategies – localize your message and build and develop Collaborations and partnerships

27. Humanize and create a personal connection with your employees and through them with your customers – have meaningful engagement and conversions – use Visual storytelling

9 Benefits and advantages of being a first-mover

1. May get the competitive edge a business gains by introducing a new product or service to the market before competitors

2. May Gain strong brand recognition and consumer loyalty

3. You might get identified with the new category that you are introducing – may also become the standard against which the public judges later entrants

4. You may be able to Set your own price

5. May Have extra time to develop economies of scale and perfect the product further

6. Might be able to Develop strong relationships with suppliers and retailers

7. You could also Establish barriers of entry for competitors by creating a new standard or level of excellence

8. Large, established companies might struggle to continue innovating because of bureaucracy, risk aversion, or clinging to existing profitable models

9. You would be able to get patents faster as you will be writing the rule book

13 Disadvantages of being the first mover

1. Costs of creating new products might be almost 100% more than replicating a product – please accept that [unless it is too small a niche] - Competitors will inevitably enter the market, often at a lower price and with simplified technology

2. Requires heavy investment in research and development without any guarantee of return – this is full of risk

3. Experimenting with cost – of creating dealer network, supply chain, service etc.

4. Customer education time and cost – for example introduction of EV and bursting myth about it in India

5. Creating demand cost and time – if it is a novel product solution or service by educating the market on the functionality and benefits of the product or service – can be very expensive - later entrant competitors reap benefit

6. Rapid technological advancement may make your novelty redundant and obsolete

7. Later entrants learn from your successes and failures and make improvements that you have not even thought about

8. Your budget and operational costs will be very high and difficult to sustain

9. You might use up the resources meant for your existing profitable business – which might choke that business

10. Will face the Catch-22 situation and classic challenge of finding the right balance between "cash cows" and "question marks" on a BCG matrix.

11. Existing market leaders may retaliate using their cash-rich state by offering benefits that a large mass of your target customers may go for instead of your offerings

12. The category leaders even use legal means to create obstacles for you in the marketplace

10. Inefficient allocation and use of resources available - Gaining strength in the marketplace does not come easily and requires much more than an original product idea

11. Continuous innovation and honing an understanding of customers are essential to sustain the lead and keep competitors at bay which is also a huge cost

13. Over-engineering, incorporating too many nice-to-have features

CASE to study - How did a company that started selling books online become so big?

Amazon was launched in 1995 as the world's biggest bookstore and library – it not only gained the first-mover advantage but sustained it by expanding to other product categories like apparel, electronics, and sporting goods.

Amazon created loyalty through Amazon Prime. Amazon's pay-as-you-go cloud computing service and AWS is almost 70% share in their operating income.

These innovative forays into other categories have solidified its market position, allowing it to stay ahead of competitors and sustain its first-mover advantage.

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139 Hacks to Skyrocket Your Success: Business & Career Leapfrogging with Cutting-Edge Tech & Models

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