Dr. Christian Hopp is a professor at Berner Fachhochschule and heads the Methods and Tools division at the Bern University of Applied Sciences (BFH). He previously led the teaching and research area of Technology Oriented Entrepreneurship at RWTH Aachen University. Christian's research interests include start-up financing, start-up management, and personnel economics. He studied Business Administration in the USA, Netherlands, and Germany. He has a doctorate in Quantitative Economics and Finance from the University of Konstantinos, a master's in Business Administration from the University of Pittsburgh, and a master's in Financial Management from the Rotterdam School of Management. Christian joins me today to discuss disruptive innovation versus radical innovation. He shares when business planning is effective and why groups of leaders working on a project or concept should create a founder's agreement. Christian reveals the driving forces behind successful companies, like breakthrough innovation, radical innovation, disruptive innovation, architectural innovation, and incremental innovation. He highlights how although technology is involved in companies that disrupt markets, it is the business model that is always the most vital aspect. Christian shares how companies can counter disruption in their industry through organizational resilience and company culture. He shares how technology is blurring industry boundaries and what this means when identifying your competitors. Christian also discusses the pros and cons of visionary leaders and sustainable leadership.
"Some of those companies that have been disrupting markets - there was technology involved, but it was the business model that was the most crucial thing." - Christian Hopp
This week on Innovation Talks:
- How Christian became fascinated in innovation management when obtaining his PH.D.
- Whether entrepreneurs still need business plans and when planning is effective and ineffective
- Why larger start-ups should create a founder's agreement to manage conflict
- Technology that is driving business decisions and the advent of machine learning and artificial intelligence
- The difference between disruptive and radical innovation and whether it is the technology or business model that primes success
- What you can do to counter disruption and the importance of understanding your customer
- How technology is blurring boundaries between industries
- The traits of leaders and visionaries versus sustainable leadership
- Inclusive research and innovation and the consequences of minorities not being involved in algorithm design
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