The Digital Vortex is an inevitable shift of all industries towards a digital centre, where business models, offerings, and value chains are digitised to their maximum extent. There is no choice about the existence of the digital vortex. There is only a choice that CEOs can make in terms of how they prepare for the inevitable. Companies […]
Archives for June 2015
While a certain anxiety has flourished around the need to become a digital enterprise, too many are embarking on the journey without the Innovation Capability, Transformation Capability and IT Excellence that are prerequisites to digital enterprise transformation. Discover what it takes to raise your digital quotient and listen to this McKinsey Minute.
Many of us witness the world’s young bright minds seizing on opportunities to disrupt entire industries and wonder how on earth did they figure that out. A new book called The Four Lenses of Innovation debunks this illusion by explaining how innovation is systematic, methodical, and something we can all achieve. Read a free sample chapter from Rowan Gibson’s new book, […]
There are many case studies that demonstrate how Radio Frequency Identification (RFID) technology is already being used to track goods and assets. This in turn helps logistics providers improve the management of moveable assets, which creates new supply chain efficiencies. Carlo Nizam has helped Airbus build one of the world’s first RFID and IoT-enabled digital […]
Some people suffer a miserable existence inside their organisation for far too long. Many complain but do nothing; while most high performers will endeavour to change things but won’t suffer fools for too long and move on to a happier place. Good people have a choice between the best and worst companies to work for. So how […]
Edited by Axel Uhl – Head of the Business Transformation Academy and Lars Gollenia – Head of SAP’s Global Business Transformation Services, the book “Digital Enterprise Transformation” provides an overview of the Digital Capability Framework (DCF) and helps explain how companies can take full advantage of digital technologies. Chapter 1 is here and you can get free […]
Many CEOs across the globe are disappointed with their HR functions and complaints about HR are now commonplace. But why do people love to hate HR, and what can HR do about it? On the other hand, there are many splendid HR leaders who are truly transforming the future of work. One such person is Ben Bratt who […]
It takes far more than academic qualifications for young people to be successful in today’s world, so education establishments need to do more to prepare students for the highly competitive world that awaits their contribution. There are too many high-performing academics who lack the entrepreneurial and life-skills required to reach their full potential in the real world, […]
In today’s world of emerging technologies, markets and consumer demands, innovation is no longer a “nice to have” but a “must have” for any business and here are some practical ways to incorporate innovation into your business. Adobe’s new Red Box (aka Kickbox) contains everything you need to successfully test out and innovate a new idea. It’s […]
In No Ordinary Disruption, a McKinsey think tank dives deep into current headlines to analyse the forces that are transforming our planet’s economy. The book is an excellent primer in how to think strategically about the transformational role of technology and the accelerating flow of goods, capital, and talent and how to prepare yourself for a […]
The term “Digital-Age” is important because it separates the CIOs companies need, from the CIOs who are stuck in the past and bogged down with operational IT. But any CIO who is keen to shift into the digital age should consider increasing collaboration with business leaders, increasing their access to the executive suite and focusing on […]
Harvard research reveals that only 23% of leaders are confident their organisations have the knowledge and skills to succeed in digital transformation. Given that companies cannot transform without the right capabilities, what are the CIOs in question doing to transcend traditional IT and lead their digital enterprise transformation? Download the HBR research that urges CIOs to lead digital […]
Another SAP Business Transformation Summit is scheduled for 22-23 October 2015 where some of the world’s finest transformation experts come together for this inspirational annual event focused on business transformation. Learn more.
Henry Ford’s words “if I had asked my customers what they wanted they would have said a faster horse” don’t seem to hit home with many companies these days, because they keep doing the same old thing. It is the rare breed who have the courage and vision to become truly transformational in the way Ford […]
It appears that the frequency of organisational redesign reflects a high level of disappointment with the outcome and McKinsey research shows that less than 25% of organisational-redesign efforts succeed. in an effort to help companies avoid the pitfalls, McKinsey suggest that companies will better integrate their people, processes, and structures by following nine golden rules. Couple these with these […]
“Business Transformation” is a term which is growing in use but lacks consistency in its definition. This in turn gives rise to misunderstandings and misuse, and chaos and confusion within many organisations. It’s not uncommon for a firm’s IT implementation team to think they are managing a business transformation, when they are only concerned with the […]
Countless transformation programmes are being run with little if any focus on Business Value. Often the Business Case is weak in terms of value estimation, and the words Benefit Management are little more than an academic term. Research by KPMG shows that many companies are disappointed by the business results and value that their transformation investment and […]
The Chief Digital Officer (CDO) was said to become the 3rd most in-demand C-level position of 2015, but how can a newly appointed CDO generate momentum from day-one? This sample set of CDO goals can help the C-suite understand what to expect from a new CDO. And if questions arise such as; “how does our digital transformation […]
McKinsey Global Institute has just published this new research looking at the economic growth and employment gains online talent platforms could generate in the decade ahead. In the meantime, CXO Transform is leveraging digital technologies to enable the launch of its innovative new talent platform that will connect independent consultants with companies – eradicating superfluous 3rd […]
Gower Publishing and CXO Transform have collaborated to offer all CXO Weekly readers not only 28 days of free access to every one of Gower’s 120+ PM books but also a 40% discount off one year’s subscription to GpmFirst. Visit www.gpmfirst.com to register for your free 28 day trial and if you subscribe at any time before 31 July 2015, you can […]
Often unspoken about but still widespread is the behaviour of corrupt individuals who get away with leadership titles for years before the law catches up with them. As leadership expert Professor Andrew Kakabadse wrote last week; “If we continue to avoid shining a light on the dark side of leadership, leaders and unaccountable executives will continue […]
A team from McKinsey has provided five fundamental do’s and don’t’s of scenario planning, along with a cheat-sheet that helps managers become more aware of, and learn how to avoid the common pitfalls effective scenario planning. You can also pick-up a separate eight-step scenario planning process by Jay Ogilvy.
Digital masters continually evangelise the business value of digitally enabled business models. and provide stakeholders with an agile investment roadmap. But what will it take to create your digital business model? and what does your digital capability framework look like?
As HSBC announces its plan to cut 25,000 jobs, underpinning that announcement is the bank’s ambitious plan to generate $5 billion in transformational cost savings, some of which is expected to come from a $1 billion injection into a digital and automation programme. Discover how the bank’s digital transformation supports its aim to reduce its workforce by […]
While some companies are killing innovation without knowing it others such as IBM and Samsung have led 2015 with over 6,000 patents between them. In our rapidly changing world, thousands of mighty corporations are taking a shortcut to the digital graveyard as they rest on their laurels of yesteryear, blind to the threat that nimble start-ups pose […]
As start-ups continue to bite into the survival of global organisations, another wave of start-ups is coming to crush the big banks. And while the UK’s banking capital sits at the #1 spot in the top 15 list of Europe’s biggest startup cities UK tech start-ups are expected to create 20,000 jobs this year.
Many new CEOs are now expected to lead the transformation of their new ship whether that involves a profound change in strategy, business model, organisation, culture, people, or processes. Small Change is no longer enough to survive. While there’s more than one way to transform a company, this 4-step business transformation process can help new CEOs […]
The topic of Leadership is one that always sparks energised conversation filled with opinions as broad as a barn door. On this occasion, McKinsey’s Leadership Development Practice gathered a group of well-respected experts to answer the question, “is leadership timeless?” and a series of other questions such as, “when leaders grow and develop, what characterises […]
Listen to how a simple yet powerful mnemonic, SADBET, can help others understand the framework for how projects should be governed. Even FIFA’s corporate governance could learn a thing or two from this little mnemonic!
In days of old, costly advertisements, PR and highly sought after press coverage were the main voices of corporate brands, and companies were in control. But the world has changed and the brands can be both built and destroyed through social media that costs nothing. Now when employees express opinions across social media, their personal biases can […]
When strategy defines a direction and innovation defines the exciting unknown, how can you combine the two? And even if you only devote 1% of time to innovation, does your team have the right innovation capabilities? or do they just feel they can be innovative because it’s a fun and sexy concept? Read about the 1% […]
The ERP era saw countless companies implementing ERP technology because “they believed they needed the technology”. This resulted in an extraordinary rate of failures because there was little if any focus on the business, and it was all about technology. The same is happening with Digital as countless digital transformation experts are asking, “what do we do […]
Huge numbers of employees complain every day about their leaders lack of transformation, but many sail on and put up with their company’s mediocrity. If you seriously believe you know better than your leaders, get out there and do it. Gone are the days when a person needs a small fortune to start a business. But […]
Kayak Managing Director Nicolás Scafuro has also worked at Netflix, Ask.com and others. Listen him talk about creating value through innovation.
Millennials are those born between 1980-2000, and their ages currently range from 15-35. No matter what Internet-related business we are in, Millennials are our most important demographic and understanding these people who are changing the game is critical. Regardless how much older generations think of themselves, these Millennials are the people who are changing our world […]
The need to understand new technology capabilities is no longer exclusive to the CIO’s organisation. Leaders across all lines of business must also stay abreast of digital trends, innovation and business transformation and collaborate with the CIO who should help them achieve business goals via a journey of digital enterprise transformation. But unless the CEO “gets digital” […]
The word ‘Innovation’ conjurs up different definitions for different people, and while most companies proudly announce how innovative they are, many are yet to do any truly innovative. But most people do at least agree that it’s good to be an innovator. Take a glimpse into the global state of innovation and download the 80-page 2015 State of Innovation Report […]
Large initiatives involving multiple vendors are challenging and require world-class management to get multiple success factors right. Many of these initiatives go badly wrong, pouring million$ down the drain and generating unwelcome negative press about a company’s failed efforts. So are vendors more trouble than they are worth? On a positive note, with so many failures, come considerable lessons […]
Too many companies are vulnerable to embarking on a digital enterprise transformation with the core focus on wanting certain digital technologies and then figuring out if and how they will add value to the firm after they have kicked off a project or programme. This smacks of the backward “cart before the horse” ERP thinking that dragged […]
Imagine sitting back on your flight using the window next to you as a tablet computer. Airbus has already filed a patent for its smart aircraft window. Imagine the disruptive business impact on opticians, but the immense positive impact on millions of the world’s underprivileged who face going blind, brought about by this crowd-funded smartphone app which […]
Large companies typically have one transformation success case somewhere, but transforming the entire company to a whole new way of working is what most struggle with. McKinsey’s Edwin van Bommel describes how organisations can quickly develop digital capabilities. He explains what it takes to deliver rapid results, the three Ds of customer engagement, and the one capability […]
It is tempting to dismiss disruption as yet another business fad, but nothing could be further from the truth. Disruption is going force thousands of healthy large companies into the history books because they suffered from complacency and a naive confidence that they could not possibly find their business threatened by an innovative group of twenty-somethings with […]
Researchers at UC Berkeley have developed algorithms that enable robots to learn motor tasks through trial and error using a process that more closely approximates the way humans learn, marking a major milestone in the field of artificial intelligence. Like it or not, the robot named BRETT illustrates the future of our world. With further […]
Few people reading this post will not have come across people in high authority that who have poor leadership capabilities. Listen to Simon Sinek touch on this topic.