Innovation is the practical implementation of ideas that result in the introduction of new goods or services or improvement in offering goods or services.
ByFortune
Fortune poses the question: So, who’s winning? The disruptors or the incumbents? This article means that while incumbents often get a bad rap, the truth is that for every sector where technological change has enabled fleet-footed digital disruptors to innovate business models, there are even more where established players still prevail. Furthermore the reader is…
According to McKinsey & Co, we certainly all know examples of bad product and service design. The USB plug (always lucky on the third try). The experience of rushing to make your connecting flight at many airports. The exhaust port on the Death Star in Star Wars. The question comes to the fore: How do the best…
Operational Excellence (OpEx) is a term that embodies many things that CEOs seek to achieve, such as consistent strategy execution, profitable growth and sustainable cost reduction. While there are many definitions of the term, most would agree that it entails focusing on customers, cross functional execution and consistent delivery of outcomes that create value for…
“Insanity: doing the same thing over and over again and expecting different results.” –Albert Einstein. Over on Sourcing Innovation, the Sourcing Doctor has an excellent series of posts on driving adoption of Procurement technology. As someone who spent most of the last 15 years in the field of Procurement technology: in a Procurement organization, as a user first and, then, as…
Yesterday’s tentative approaches won’t deliver; you need absolute clarity about digital’s demands, galvanized leadership, unparalleled agility, and the resolve to bet boldly. If there’s one thing a digital strategy can’t be, it’s incremental. The mismatch between most incumbents’ business models and digital futures is too great—and the environment is changing too quickly—for anything but bold, inventive strategic plans to…
ByEY
As part of a collection of insights about digital trust, this article means that the transformative potential of AI is high, but so are its risks. IN the light of the use of artificial intelligence (AI) and machine learning proliferates, which means that AI technologies are rapidly outpacing the organizational governance and controls that guide their use,…
