DISRUPT TRADITIONAL BUSINESSES
Explore Xponential Synergies with Startups
Once 5G kicks in and with Facebook coming up with its Virtual Reality platform and many such technology trends and changes in recent past, we are going to see the erosion and existential threat to existing traditional businesses.
The world is changing faster than ever and existing advantages of traditional businesses will no longer be relevant. Along with accelerated progression of technology, changing expectations by consumers and market forces means that traditional businesses need to rethink their core value proposition.
The Covid pandemic has further enhanced the need for traditional business and startups to collaborate to take advantage of the many insights and experience that both bring. There are different areas where traditional businesses and startups collaborate and some of these include core business development, to complement each other’s capabilities and other moonshot initiatives etc.
Many large, more traditional businesses today know that they need to transform, but they do not know the way. Innovation can no longer be sourced internally; traditional businesses have a lot to gain by seeking outside-in perspectives especially from startup ecosystem. Traditional business and startups must collaborate to provide access to disruptive innovation, newer avenues for growth, reduced time to innovation, access to talent and entrepreneurial spirit.
We at Xponents work with both traditional businesses and startups to:
- Help understand the mutual value creation potential and reimagine the business and operating models.
- Synergizing to identify where to play and how to win by uncovering those big moves.
- Provide framework for possible collaboration models and help successfully navigate the complexities associated with the partnership