While we sit back relaxed and witness the taxi industry being disrupted and Uber being one step closer to picking you up in a self-driving car, have you thought about who will unexpectedly disrupt your company’s comfortable ride? Perhaps an unknown start-up in a small shared space in Riga where a few bright 20 somethings are having fun […]
Archives for May 2015
Is your company even slower than a museum in undergoing a genuine business transformation? Founded in 1885, the Rijksmuseum in Amsterdam underwent a 10 year transformation to redesign and reinvent itself, leveraging digital technology in order to live up to rapidly changing customer expectations. Read how a museum shows us the way and how the […]
The world is shifting from an economy of products and services, to one that focuses on experiences and outcomes. Firms insisting that their antiquated models will continue to be successful will suffer the Kodak-effect and drift into history. Ray Wang’s new book (published by Harvard) explains that current trends require a new way of thinking […]
A few weeks ago we looked at 16 sectors unprepared for digital. But who are the forward-thinking upstarts that are seizing opportunity in unexploited niches that can cripple corporate giants? Look at CNBC’s list of Top 50 Disruptors and the business model that has taken Moderna to the number one spot just 4 years after CEO Stéphane Bancel joined when there was […]
Real economic growth depends on real innovation, and technology will play a key role, says Professor Eugene Fitzgerald at MIT. He explains that open innovation ecosystems allow big business, start-ups and academia to pool their strengths, budgets and practices together to invent new solutions together. Discover more about how the technology of the future will come from […]
The digital age is disrupting every area of business, including the way marketing engages and interacts with prospective clients and existing ones. Listen to David Edelman at McKinsey Digital explain how successfully adapting requires more than new strategies, and that it requires a complete restructuring of the marketing organisation and its operations and processes. McKinsey is […]
Too many people carry around the romantic old idea that if they work hard they will be recognised as experts, but the world doesn’t work that way these days. Making a name for yourself requires capitalising on your perspective and knowledge and inspiring others to listen and take action. Learn about Dorie Clark’s new book “Stand Out” – […]
Watching a leader with poor emotional intelligence makes many of us cringe, and watching such a leader operate in a culture other than their own is even worse. Consider this good advice for leaders on the world stage and advice for people who work with those leaders. Also listen to a number of views in the Harvard video below.
The book “Digital Enterprise Transformation” incorporates the Business Transformation Management Methodology (BTM²) with the Digital Capability Framework (DCF). Written by The Business Transformation Academy (BTA) and SAP, Digital Enterprise Transformation presents how companies can blend innovation, digital and business transformation capabilities to add outstanding value to their business. Access “Digital Enterprise Transformation” online free here at […]
In this digital era, many people can participate in innovation because it costs so little and the ideas themselves multiply exponentially and spread with tremendous speed. Look how Netflix contributed to Blockbuster’s premature death, Airbnb has hit the hotel industry and Uber is diminishing the traditional taxi business. 3D printing will do to manufacturing what electric refrigerators […]
Some CEOs move on because of new opportunities that materialise from their success, many retire, while others fail to perform and need replacing. With disruption alarm bells ringing loud and clear, any CEO who is not responding appropriately becomes a risk, which shareholders and the Chairman need to consider. Let’s face it, Change is one thing, but Transformation […]
Many organisations treat Change as an event which they know they should address when a particular change to the business is on the horizon, such as a change in technology. Others go one step further and create a change culture because their smart leaders recognise that Change is an ongoing process, as opposed to a one-time event. […]
While the word “Digital” has become another buzzword, it is only the first of 6 D-words involved in disrupting industry after industry. Listen to Singularity University Co-Founder Peter Diamandis describe the 6 D’s: Digitalization Deception Disruption Demonetization Dematerialization Democratization Then ask “what is my company doing like this?”
If your performance review system prevents your managers from recognising and rewarding people, or discourages your associates from pursuing innovative ideas, maybe it’s time to re-think your approach to performance management, especially when performance is hard to measure.
The information advantage that investment banks have traditionally enjoyed is being eroded as the flow of information moves away from banks and into new channels. This progress is allowing data to be created and controlled by non-bank entities. Discover how digital disruption is breaking banking into bits.
The planet is littered with digital and physical rubbish and we need to encourage anyone in an innovation role to focus their efforts on improving the human condition and changing our world for the better. Plenty has been said and written about the benefits of the Lean approach, but consider what might be lost and why lean doesn’t always […]
On 20 May 2015, CEOs, CIOs and other senior business executives from around the world will explore how leading academic research and innovative technologies can help address the practical challenges faced in today’s rapidly changing world. Read and listen to more about the MIT Sloan CIO Symposium.
For most new CEOs, the imperative to change is a given, while effective transformation leadership is not. High performing CEOs rapidly define a bold transformation ambition, move forward to energise the organisation, prepare the programme, and drive the transformation with quick and decisive action. Read the new CEO’s guide to transformation.
In 1977, Welsh singer Bonnie Tyler sang about being lost in France but almost 40 years later, is Digital getting lost in France too? Even though French retailers continue to invest in digital strategy, when it comes to digital evolution among its peer countries, France was found to be in the middle of the pack. Accelerating France’s digital […]
In a 2015 business transformation survey by KPMG, 34% of CEOs indicated that their previous transformations have failed to achieve their targeted business benefits. Failure to adequately address required operating model changes, inability to execute effectively and failure to undertake effective value management, are just some of the causes of transformation failure. Discover the top five barriers […]
In the way that Spencer Silver discovered a weak adhesive (which formed the basis of the Post-it Note) while attempting to create something else, a similar fate might await Bitcoin. While many see Bitcoin as the future of money, a growing group of investors and entrepreneurs believes the cryptographic techniques at the heart of Bitcoin could revolutionise industries that […]
Leaders like Cisco CEO and Chairman John Chambers have indicated that 40% of the world’s leading companies will suffer the Kodak-Effect within the next 10 years. While forward thinking companies have reacted to the reality of potential disruption, many are struggling to measure whether they have chosen an innovation strategy that works. Learn what big companies get wrong about innovation […]
The measure of a company’s transformation success is often a debatable subject. Obviously most CEOs will have had their teams pull together the most attractive numbers to support their success, but as DuPont CEO Ellen Kullman found recently, some might not agree with claims such as; “our transformation is working”.
While mobile working has become the norm in many modern working environments around the world, along with flexibility and convenience comes the need to manage the very real risks that mobile deployment can expose unsuspecting organisations to. To help leaders evaluate mobility solutions, consider these six key areas that will help balance data security with employee […]
Last week the European Commission released its digital strategy which outlines 16 initiatives, in an effort to create €415 billion in additional European growth annually. The three pillars on which the strategy is based involve better access for consumers and businesses to digital goods and services across Europe, creating the right conditions and a level […]
Digital marketers have been said to have the most entrepreneurial jobs in marketing, and in this digital age, what makes a good digital marketer also helps make a good entrepreneur. The best digital marketers act and think independently and passionately, they map digital tools to business objectives, they balance strategy, creativity, and analytical thinking, and they develop […]
Thousands of CXOs want to see their organisations become digital, but is being mobile, social, cloud-based and data-driven all it takes? Many organisations will suffer the consequences of being detached from concepts of value management, as they focus largely on technology, as was done in the technology-blinkered ERP efforts of years gone by. But even more with digital […]
Do you really innovate? Are your people motivated, organised and rewarded to repeatedly innovate? Do you create new business models? These are just a few of the questions that can test how good companies really are at innovation. Although well-established companies tend to be better executors than innovators. Learn about the eight essentials of innovation that innovation leaders […]
While transformation leaders need to carefully manage risks to effective governance, there are a raft of other considerations. These include, but are not limited to ensuring; adequate governance arrangements are adopted, independent quality assurance reviews coincide with times of high risk, longer-term people capability, capacity, and succession planning is in place, and ensuring the programme is providing certainty and […]
While some companies still face the challenge of implementing ERP, some mature IT establishments are exploring or embarking on digitally enabled business transformation. However, far too many IT leaders and architects are still stuck using the tools and skills that were fit for traditional IT. Ask your IT folk what digital capability framework they are using […]
The technology departments of most corporations are struggling just to keep applications operating, let alone leveraging new digital technologies to increase competitive advantage. So while CEOs want their CIOs to be leading digitally enabled business transformation, many CIOs are too bogged down in traditional IT to step up to the CEO’s expectations. So how can […]
There is an increasing number of businesses beginning to understand the power of gamification platforms, but can gamification solve enterprises’ engagement problem? Many believe that the dream of harnessing customer and employee data can become a reality through gamification, and even SAP has just announced that the HCP Gamification Service (beta) is now publicly available on […]
To survive and thrive in today’s dramatically changing world, all businesses must work hard to stay ahead of the curve. Continuing with old business models for all types of business will eventually result in closure and a recent survey revealed that 92% recognise the importance of innovation. While the recognition is there, what can businesses […]
Manufacturers who have opted not to innovate and transform will get washed away like debris, as another tidal wave of digital disruption wipes out more complacent victims. In the way that Ice Harvesting had been one of the largest industries in the world, only to melt away when refrigerators disrupted their business, the 3-D printing […]
The powerful grip that Hewlett-Packard once had on the market has been disrupted and the shedding of 40,000 jobs since 2012, and decisions to split up the company serve to illustrate some of the consequences. But HP has a dream about “The Machine”. In an effort to rescue its struggling business, the company is making […]