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Digitisation brings threats and opportunities, but for existing businesses, the threats seem to out-weigh the opportunities. Not enough transformation leaders are asking their teams, “how serious is the digital threat for our company?”, which is worrying when around 4 of today’s top 10 incumbents in each industry could be displaced by digital disruption…
The World Economic Forum recently asked can you measure innovation? When it comes to deciding how to manage and measure Innovation in your organisation it’s important to understand what Innovation means to you and your customers, and establish concrete KPIs that can be developed by formalising your Innovation process. But…
While manufacturers are recognising the threats and opportunities of digitization, only the minority are reacting sufficiently and asking questions such as: How will digital disrupt my industry in the next five to ten years? Where is the value for my company, and how can we maximise it? What new capabilities,…
On 5 & 6 November in Vienna, the 2015 Global Drucker Forum will look through the lens of humanity at Big Data, Robotics, Artificial Intelligence, Cloud Computing, and The Internet of Things. It will open up questions such as: In technology-driven economy, does management need a fundamental makeover? How can the…
When many people talk about digital transformation, they focus on technology as opposed to business. They get excited about leveraging digital solutions but not about establishing, measuring and realising their business value. The same error that caused so much financial loss and painful projects throughout the ERP era. So what drives…
Many reading this will have experienced the good, the bad and the ugly of business transformation consultancies, often known as system integrators. Significant imbalances between technology and business still exist in many transformation efforts, so how do these firms stack up when it comes to business transformation, as opposed to technical…
Less than 5% of small and medium-sized firms in Australia seem to collaborate with higher education or public research institutions and this lack of collaboration between business and academia could be a threat to Australian business. History has shown us that Australian inventors and companies can be world leaders…
While some companies now take change management seriously, not all adopt the new methods and digital tools that are affordably available to us. Digital technologies can be used to improve the way we manage change to the business and McKinsey recently wrote about changing change management – which smart companies have…
Among other things, companies need to know how digital solutions can help improve supply chain visibility, process big data for demand planning, etc; and better ways to collect and process vast amounts of data. Every industry has its own digital supply chain management (SCM) vision based on industry-specific use…
The theory of disruptive innovation was invented by Clayton Christensen of Harvard Business School, in his book The Innovator’s Dilemma. But what does disruptive innovation mean? Big companies have traditionally struggled to innovate in their business models, but they can be disruptive, if they identify and overcome…
Truly effective business transformation requires innovation, but not every company has the luxury of an innovation genius or two on-hand. Systematic Ideation is an article based on extensive research, which presents a playbook of four cornerstone innovation strategies that provide a structured method to generate innovative ideas. Also discover…
To incorporate digital process innovation into their operations, IT executives need to change some of the traditional behaviours and mind-sets in their organisations. In addition to the dual-speed IT architecture required for digital process innovation the folk at McKinsey explain that there are three key actions IT execs can take to encourage…
It’s one thing wanting to drive a digital enterprise transformation, but it’s another being ready to do it and the Digital Capability Framework describes the three transformation capabilities required as: 1. Innovation Capability 2. Business Transformation Capability 3. IT Excellence Developing sufficient maturity in…
Customer Centricity is core to value-orientated digital transformation, and emotions need to be at the heart of customer centricity, particularly when 80% of a person’s life is guided by emotion. Game changing digital technologies such as mobile virtual reality (VR) create emotional connections between the product and the…
As Statoil and GE announced the winners of their first open innovation challenge, research published in a new 18-page report reveals that innovation centres are increasingly replacing traditional approaches to R&D. However, many companies are struggling with their innovation efforts as only 38% of the 200 surveyed said they…
For years, business transformation experts have recited the fact that transformation is about business and not technology, but many organisations still suffer at the hands of those that fail to see the bigger picture. Countless ERP disasters and siloed digital transformation attempts provide the lessons learned that many turn…