Tip: Embrace Revolutionary Change - Modern Distribution Management

Tip: Embrace Revolutionary Change

Incremental improvements worked in the past, but todays market requires more rapidity.

Incremental improvements to the same business model can lead to success, but that success can also be limited. Today's business climate demands more, according to Indian River Consulting’s Mike Marks in New Year, New Approach to Business. When a distributor feels that change within its company is moving at a comfortable pace, Marks says, it’s a sure sign that it's actually falling behind.

Market share incumbents held hostage to the old ways of doing things are losing ground to “rule-breakers,” innovative market share challengers with a fresh perspective, Marks says. The philosophy of slower evolutionary change works in stable market conditions, but not so much in the uncertain and volatile climate we've seen in the last few years.

Revolutionary change can transform disadvantage into advantage, because it changes the game. It focuses attention on how your business is different in an increasingly uniform market, Marks says.

Distributors shouldn’t wait around when it comes to implementing revolutionary change. “You need to do something now instead of just talking about it,” Marks says.

To learn more about gaining a competitive edge by playing by your own rules, read New Year, New Approach to Business.

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.