Business leaders in at least 16 sectors are so caught up in their existing methods and practices that they are still not fully prepared for the digital transformation of their industries. As a consequence, they are exposing their companies to the risk of digital disruption, with commercial transportation, power utilities, healthcare and automotive sectors being among the most vulnerable. Learn how business leaders in […]
Archives for April 2015
The Internet of Everything will become the nervous system of the human economy, and entrepreneurs who capitalise on this will drive massive value into business and society. So what does an entrepreneur or CEO need to consider, if they are to be part of the $19 Trillion business opportunity that sits on the horizon?
For decades companies have been focused on providing value to shareholders, while paying superficial lip-service to society. But times have changed and while it is important to operate a profitable business, there is an increasing expectation from customers, governments, and communities that companies they do business with provide significant value to society to. Consider business and society […]
A few weeks ago we announced that the Australian Digital Transformation Office (DTO) had arrived with Interim CEO David Hazlehurst at the helm. Federal agencies have been told they need to have a Digital Transformation Plan ready by September 2015. It will be interesting to learn what Digital Capability Framework the Australians are adopting to ensure […]
Exponentials are innovative technologies for which performance relative to cost and size is outperforming Moore’s Law. But leaders must take a proactive stance on innovation as an organisational competency, if they are to avoid falling victim to the disruption brought on by powerful technologies such as these 5 exponentials triggering transformation: Artificial Intelligence, Robotics, Additive Manufacturing, Quantum Computing and Industrial […]
With Estonia having more startups per capita than any other country in Europe, small fortunes are being invested in the young bright minds that are leading this revolution. Even Estonia’s government acts like a new tech firm by offering e-residency. Catalina Albeanu considers what the media learn from Estonia’s digital innovation.
In 2005 Hasso Plattner made a personal donation of USD 35 million to fund the Hasso Plattner Institute of Design at Stanford, which was then followed by a sister institute in Potsdam Germany. If you are not fortunate enough to make it to Stanford or Potsdam, you might like to take advantage of this virtual crash course in Design Thinking.
To remain competitive, modern business needs to find value in a world made up of Cloud, Internet of Things, Big Data, Mobile and Social Media, etc. Some companies have nailed it, others have been forced to close, but many more are destined for the digital graveyard over the next decade due to their failure to innovate and transform. They will […]
Why didn’t a cab driver think of Uber? Why didn’t Barnes & Noble think of Amazon? Why didn’t Blockbuster think of Netflix? Why didn’t Marriott think of AirBnB? How can we anticipate digital disruption?
Listen to Rob Llewellyn talk about effective programme management, and clear up some of the confusion that exists around project managers and programme managers.
As the digital economy matures, we are seeing shifts in industry after industry where the digital is replacing the physical. The most obvious example, which helps make this point is the music industry, and the image above illustrates how digital has disrupted the music industry’s physical revenue. To different extents and at various periods in […]
In the recent Transformation Revelations post we pointed to the assessment of 13 large-scale European transformations where only 4 were very successful, and the media echoes this dire success rate with a never-ending stream of case studies. In addition to adopting a proven holistic transformation methodology such as BTM² consider these 24 practical actions (courtesy of McKinsey) […]
Experts know that in the decade that follows, every “surviving” company will have gone to the trouble of transforming themselves into a tech company. Their leaders will have prepared to ride the Digital Wave and not be left on the beach – unprepared, uninterested, and believing that because their business could not possibly become a […]
Gower Publishing has long been know as one of the leading publishers or project and programme management books, which accompany its vast range of business books. They recently launched a platform where people can learn, share and collaborate on all-things related to projects and programmes. Visit www.gpmfirst.com and sign up for free access to a vast […]
Business model innovation is now being recognised by many as being more of a priority than product innovation, because this is the essence of what can gain and maintain competitive advantage in a market landscape that is itself being transformed faster than every before. To understand why even the best companies will not sustain their […]
From driving licences, to lawyers, doctors and accountants, many high profile roles require individuals to prove themselves through certification is their chosen profession, before being let loose on roads, court cases, patients and accounts. Unfortunately for stakeholders and shareholders, this does not apply to people charged with transforming companies. Line of business operations experts are often […]
Digital transformation is something that every business that survives the next five to tend years will embrace, and the one industry that faces us all on a daily basis is Retail. There is a digital revolution taking place in our malls and it has even been said here that those investing 60%+ of their IT […]
While the world is teaming with innovation hype, and many companies talk about their desire to be innovative, we often see them going no further than fixing internal issues by running change (not transformation) programmes and implementing IT systems that are simply pre-requisites for effective operations. Discover why innovative leadership is non-negotiable for every business.
Whether we are dealing with our own teams or key stakeholders, to be successful in our work we need be to skilled at getting through to people and cause them to do something different or think about something in a different way. Learn how to win buy-in using the persuasion cycle.
The Business Transformation Academy in Switzerland is now accepting applications for the 2015 Global Business Innovation Master which will be held between 8 and 19 June. Among other things, participants can expect to acquire a richer understanding of how to integrate innovative digital technological innovations with new business models, increase their ability to act as […]
Not so long ago, Moore’s law represented an impressive pace of progress, but “exponential” technologies accelerate even faster. We are seeing massive numbers of start-ups, and incubators quickly capitalising on this exponentially growing technologies such as Artificial Intelligence, Digital Manufacturing/3D printing, Synthetic Biology, Digital Medicine, Nanomaterials, and others that will transform products, companies, industries and even society over the next 20 […]
Atychiphobia is the fear of failure and a phobia that causes some IT leaders to be reluctant to embrace IT innovation. While many IT leaders are keen to adopt new ways of working such as cloud, social and SDN, large numbers are missing a Digital Capability Framework to help them translate this desire into meeting business […]
Australia’s long awaited Digital Transformation Office (DTO) is now visibly active in the public domain, announcing that it will transform the way public services are designed and delivered, making them simpler and easier to use. Interim CEO David Hazlehurst spends 3 minutes introducing the DTO in this video.
It takes far more than an understanding of leadership and finance for a CFO to be a successful transformational CFO. Jan Siegmund is ADP’s CFO and he assumed the role without the technical background in areas such as accounting and treasury management. But he came armed with other assets that have served him well as […]
DHL Freight is a division of Deutsche Post DHL which has almost half a million employees, so every element of a business transformation inside such an organisation is going to be a huge undertaking. Nevertheless, the company embraced the Digital Capability Framework (DCF) and the management of DHL Freight worked through the six digital capabilities, assessing […]
A 2014 survey of almost 2000 C-suite executives revealed that executives who move effectively into the C-suite communicate priorities, value their teams, spend time on culture and understanding their role as a leader. But with more than 30% not successfully meeting their objectives, what’s going wrong for these executives who are ascending to the C-suite?
Massive Open Online Courses have pulled the ancient profession of Education into the digital age, but this is just the beginning, and as with all transformation, technology is only one component, albeit a critical one. Esther Wojcicki recently published “Moonshots in Education” in which she explores digital and online learning in the classroom. She looks at […]
When a company can identify big problems that they are smart enough to solve through innovation, they create new opportunities for business transformation. But it takes transformational leaders to do this, while the rest make do with Change initiatives, which fall short of Transformation. Let’s not forget that Change creates fast caterpillars, while Transformation breeds butterflies. […]
No CXO would be averse to turning a sleep-inducing leadership summit into a highlight on the annual agenda. If your last summit was a struggle, a better approach will get executive committee members enthusiastic for the next one as they can see what’s in it for them and why the event is strategically significant for everyone. […]
Listen to Rob Llewellyn talk about the transformation management roles and capabilities required for business transformation success. You can read the 360° Business Transformation Journal article that Rob refers to here.
No industry is immune to the transformational impact of digital technologies, but only companies with sound strategies and a digital roadmap to harness the opportunities, will be among tomorrow’s leaders. Listen to the audio version of this post, or read the transcript below. There is a stark difference between people thinking they have a digital […]
Whether the focus is on strategy creation, innovation, or transformation, etc; many companies struggle to sufficiently mobilise the masses and maintain energy levels. This need not be the case if more executives leveraged social media’s influence in their employees’ private lives and their increased familiarity with new digital-communication tools. With this in mind, McKinsey suggests […]
As with all digital transformation, profiting from big data is about “business” disruption. The underlying technology is a vital enabler, but the value and competitive advantage is derived through the business. CapGemini surveyed 1,000 CXOs and senior decision makers to help understand where the big data market is going. The outcome was this collection of […]
Innovation is about solving problems (not having bright ideas) but many leaders feel they lack an innovative workforce. Every company can increase their innovation capability, but even a company with an innovation maturity level of 1, already has ways to find out where their customers’ pain points (opportunities) are. Talk to the people on the frontline, combine […]
Millions flocked to the movies back in 2006 to watch The Devil Wears Prada as Prada’s success soured. But how well is Prada now wearing Digital? The exclusive brand isn’t looking so fancy with the board’s apprehension to adopt digital being seen as a contributing factor to the company’s 28% year-on-year drop in net profit. Prada only […]
Books about Digital Transformation are pouring out of publishing houses, but only a minority provide the reader with a practical strategic management toolkit that can help them on the road towards their digital enterprise transformation. One such book came from the Business Transformation Academy and SAP at the end of 2014 and is called Digital Enterprise Transformation.
Boeing exec Paul Duchouquette has shared six transformation levers, which he explained are shorthand tools to guide the team’s actions. They involve bringing about increases in four distinct areas, which are: productivity, simplification, convenience and collaboration. The other two levers involve checks and balances being implemented to mitigate unforeseen business risks, and protection of the […]
Large and established firms are often steeped in traditional processes and risk-adverse. Despite the wishes of an enthusiastic and creative workforce, leaders are often reluctant to try new ideas, for fear of failure, and innovation is stifled. Innovation is a game worth playing, and we have the people and tools to play it well. Consider these three […]
Avaya’s supply chain transformation was fuelled by a desire to spend less time on reactionary activities and more time on high-value proactive activities that would have a real impact on the business. Discover how the company’s leadership and vision encompassed people, process and technology to create the transformation success story (published March 2015) it is today. […]