I have published several blogs on the eroding relevance of traditional banking and financial services. This age-old industry is increasingly susceptible to all kinds of new competitors, and must re-imagine itself in order to stay indispensable. Here is yet another example of the looming dangers.
The origins of the hotel industry can be traced back to biblical times, yet it is still full of customer pain points. This is proof that even long standing, highly competitive industries should be continuously re-imagined. Here is one recent example of how.
Nearing the end of the season, a completely unexpected, Cinderella team is sitting atop the English Premier League, arguably the world’s most competitive football championship. Leicester City is five points clear of second place Tottenham, and well ahead of perennial powerhouses Arsenal, Manchester City, Manchester United and Liverpool. With only a splinter of the budget and cachet of these illustrious clubs, Leicester’s success is based on a highly unique strategy.
This is a great story, both in content and in illustrating the principle Slingshot concepts in action – to drive social change. It involves bringing together the very young and the very old – so they can give each other what they need the most.
Amazon is at it again. The company that sees no industry boundaries, only opportunities to serve customers better and wider, is entering (or rather creating) a new market space. And there is chatter that this market space will be Amazon’s next billion dollar idea, after e-commerce and cloud computing.