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Part 2 of my mega-post on the Passion Economy & disruption theory is here!
The Passion Economy has massive disruptive potential, as it connects non-producers with non-consumers. What are the downstream implications of this? https://li.substack.com/p/four-implications-of-disruption-theory
The Passion Economy has massive disruptive potential, as it connects non-producers with non-consumers. What are the downstream implications of this? https://li.substack.com/p/four-implications-of-disruption-theory
There's 4 major implications of disruption theory on the Passion Economy:
1) Multiple industries are under siege
2) The TAM of the Passion Economy is huge but unknowable
3) Success isn't guaranteed
4) Incumbents arenât going to build for the Passion Economy; startups will
1) Multiple industries are under siege
2) The TAM of the Passion Economy is huge but unknowable
3) Success isn't guaranteed
4) Incumbents arenât going to build for the Passion Economy; startups will
"Any industry that is a talent-based industry is at risk of disruption. The Passion Economyâs scope extends into any industry where the customer doesnât view the product/service as a commodity, but cares deeply about the specific individual involved in its creation."
I wrote about a number of industries I predict will see disruptive threats from new Passion Economy models: MBA programs and higher ed, K-12 education, media, health and wellness, etc.
And in case you missed it, part 1 of this post details the parallels between Clay Christensen's theory and the Passion Economy. I recommend starting there! https://li.substack.com/p/how-the-passion-economy-will-disrupt
Big thank you to my collaborator @cliffcmaxwell who has an encyclopedic knowledge of disruption and is an amazing thought partner - follow him!
And thank you to my wonderful graphic designer @nbashaw
And thank you to my wonderful graphic designer @nbashaw
