163. Innovation vs Tradition

career strategy digital transformation innovation Aug 09, 2023

When should you innovate and when should you honour tradition?  The luxury industry answers this question all the time. 

Luxury businesses like Louis Vuitton have been around since the 1800s, but have found a way to thrive in the Digital Age. In this episode, you will learn how they've done it so you can apply their lessons to yourself.

You will learn:

  • Two key questions to ask to weigh up when to innovate 
  • How Burberry quadrupled its share price with digital transformation
  • Which industry keeps growing despite recession fears

Resources mentioned in this episode

  1. Innovate but How? The Pragmatist's Guide to Growth
  2. Luxury Goods Global Market forecast

 

 

Listen here on Apple

Listen here on Spotify

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