Description: Uber is being threatened by the taxi industry, Aereo by the TV broadcasting industry, and Airbnb by the hotel industry. … Of course, regulations that truly protect the public interest are necessary. But many regulations are created by incumbents to protect their market position. To try new things, entrepreneurs need to find a back door. And when they succeed, it will all look obvious in retrospect. Today’s regulatory hack is tomorrow’s mainstream industry.
Date: Oct. 25, 2012
Questions for Discussions:
- Describe these disruptive business models and how they work?
- If regulatory control was not as strict, do you think these new businesses would be as attractive in the marketplace?
- How should managers at established businesses respond to these up-starts?
- How should government regulators and consumer advocate organizations respond?