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Article: Acting DISRUPTIVE: Once A 'Disruptive Technology' Themselves, Are Credit Unions At Risk Of Falling Into The Trap That has Ensnared Others?
- Article from:
- Banking Wire
- Article date:
- May 14, 2004
- Author:
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When credit unions were founded in the U.S. in the early 20th century, they were a "disruptive technology."
The challenge now, says one person, is to continue to disrupt their own business model or fall prey to the same complacency that caused other, well-managed organizations to fail.
Speaking to a group of volunteers from Texas' credit unions, the Madison, Wis.-based Filene Research Institute's Mark Meyer challenged the group often least comfortable with change-board members-to develop new business models based on the idea of disruptive technology.
The field is one that has been championed by Dr. Clayton M. Christensen, author of "The ...