We're living in turbulent times. Prevailing business ideologies are being called into question; people are expecting more from organisations; and we're in the early stages of a fourth industrial revolution. Only organisations that develop a supportive culture and systemic approach to continuous innovation will survive.
Much has been written about the need to review the capitalist models and the need to shift to ‘profit with purpose’ models that create ‘shared value’. Yet the rationale for creating shared value (CSV) is sometimes poorly understood, and it's important to distinguish it from corporate social responsibility (CSR).
Do you know what your source of strategic competitive advantage is today? Moreover, do you know whether that will that be sustainable and sufficient to support your strategic goals in your future operating context? And if not - which is likely - what new sources you will need to develop?
If you can generate new ideas you are creative // If you can develop these ideas into new products, services or experiences you are inventive // If from these inventions you can create value for customers, stakeholders, society and for your organisation you are innovative
The convergence of internet technologies, cloud computing, and augmented analytical tools to interpret the rivers of data flowing through our now connected physical world is enabling the re-imagining of new business opportunities and whole industries. It's an exciting time to be involved in innovation, in harnessing this exponential level of change to deliver superior customer experience, and drive profitable growth. Yet it seems that meaningful innovation, in a world where all systems are becoming inter-connected, is now harder than ever to execute, whether you're the start up or the incumbent. Transforming long established industries, whether automotive, pharmaceuticals, service or healthcare, requires sophisticated knowledge of regulations, testing protocols, and traditional physical assets in addition...