Disruption lies at the heart of any innovation. Take companies like Facebook, Amazon, Apple and Netflix. They all began with someone changing the way they think and challenging the status quo. By looking at things from a different perspective and removing limits to their thinking, their founders have done more than just disrupted entire industries. They’ve actively created new ones. So when it comes to healthcare, what is disruptive innovation and why does it matter? And how, exactly, do you start to disrupt the status quo and make innovation happen?
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First coined by Harvard Business School Professor Clayton Christensen, the term ‘disruptive innovation’ means a change that transforms an existing product, service or process. This change starts with the way we think. It requires breaking through our existing limits on ideas. And, as a result, it can transform the way we live, the way we work, or both.
“If you want something new, you have to stop doing something old.”
Peter Ferdinand DruckerAustrian-American management consultant
Not every organisation can – or wants to – be the next Google or Uber. So is disruption necessary? Or is it a practice best left to start-ups?
When it comes to healthcare, we see disruptive innovation as essential. Scientific advances, technological improvements and shifting patient demographics create an environment of constant change. Without disruption, healthcare systems and organisations not only get left behind, but community health and wellbeing also potentially suffers.
The COVID-19 pandemic highlighted the importance of disruptive innovation. As the pandemic spread, healthcare systems globally scrambled to manage patient care, implement contact tracing and attempt to limit the spread.
Countries with the resources to prioritise and quickly embrace digital healthcare advances could better track developments and manage impacts. Meanwhile, other – less fortunate – nations struggled, with serious consequences.
For healthcare organisations looking to innovate, identifying the right time can be a challenge. Should they carefully plan and consider innovation? Or should they take a leap of faith and just act before the opportunity escapes?
The right time for your organisation will depend on the type of change you want to make, and what’s driving it. Here are a few scenarios that are ripe for disruptive innovation:
For many healthcare systems around the world, COVID-19 brought about much-needed disruption. Digital health developments accelerated at an unprecedented speed, with necessity making certain advancements a priority. Some examples include:
Behind any disruptive innovation lies an organisational culture that encourages employees to challenge the status quo. If you’re on the path to being a disruptive innovator, here are four things you’ll need to consider in your business model.
Healthy risk-taking is fundamental to creating disruptive innovation. Building risk into core values, rewarding risk-taking and leading by example all encourage employees to think outside the box and test new ideas.
Changing the way employees think about mistakes can change the way they work. Making mistakes and learning from them is a part of any innovation, so an environment where employees feel safe to make mistakes is crucial.
Innovation can be stifled by red tape and inflexible rules. Creating a space where unnecessary hierarchies, approvals or rules don’t constrain people can encourage creativity and help new ideas come to life.
Innovation can lie buried within your organisation in less vocal, less visible employees who hesitate to share their ideas. Consider different ways to elicit employee participation that cater for different personalities and perspectives.
Being truly innovative and adapting to the evolving world we live and work in starts with being open to change. Changing the way you think and challenging the status quo can unlock new doors and opportunities.
However, disruptive innovation also requires resourcing, so if you’re looking for flexible healthcare funding for your disruptive idea why not talk with one of our supply chain finance specialists today?
Disclaimer: The above article content and comments are our views and should not be construed as advice. You should act using your own information and judgment. Although information has been obtained from and is based upon multiple sources the author believes to be reliable, we do not guarantee its accuracy and it may be incomplete or condensed. All opinions and estimates constitute the author’s own judgment as at the date of publication and are subject to change without notice.