The fear of disruption is often exaggerated. In reality, organizations that are threatened by new technologies and new players usually have more time than they realize to craft an effective response. For further insights, read “The Fear of Disruption Can Be More Damaging than Actual Disruption.”

Resist the urge to react too hastily to major change — or to use it as an excuse not to take action. Focus instead on making the fundamental strategic choices necessary to strengthen your business. See also “Disruptors and the Disrupted: A Tale of Eight Companies — in Pictures.”

Leaders who fully understand strategy and execution are rare. Those who can make it work are even rarer. We’re looking for examples.