Imagine walking into an open plan office. In the middle of the room there is an animated meeting of six or seven people. They are clearly working on a project together. Ideas are being energetically shared, a steady stream of suggestions being offered, keyboards are enthusiastically tapped, notes made. There is a buzz of achievement, of a team at […]
Qualitative judgement – the ability to make considered business decisions based on a personal interpretation of the context and facts — has never been more important (or overlooked).
There are three main reasons why judgement will remain central to the practice of management and leadership in the years to come. First, qualitative judgement is the last preserve of humanity in […]
It is a truth all but universally acknowledged that in our digital age every great technology is in need of a platform to enable it to make the leap from technological renown to mass application. We have all heard of the stories of how sector after sector has been transformed by platforms. Think of telecommunications, media and entertainment and, […]
Several sectors have already been disrupted by platforms: think of telecommunications, media and entertainment and more recently hospitality and mobility. From Uber to Airbnb, platforms appear the business model revolution of choice for the B2C and service industries.
Little wonder perhaps that if you talk to executives in B2B companies in heavy industries they tend to think that platform business […]
Imagine a future where the CEO of a manufacturing firm turns to his Chief Innovation Officer and asks: “Bob, how can we innovate on our product and save 10 per cent of production cost to stay competitive against low-cost firms?” So far this seems to be a normal conversation that occurs daily across organisations around the world. Except that ‘Bob’ is really […]
Portland cab drivers protest, by Aaron Parecki, under a CC-BY-2.0 licence
Amazon, Airbnb, Uber, Facebook have been hogging the news. The headline figures are arresting. Amazingly, Uber has already surpassed BMW’s market capitalization. A seven-year old upstart company with a mere 6,700 employees is valued more highly than a hundred-year old company with one of the world’s best known automotive brands […]
What marks the great business leaders apart is not their capacity for hard work. Virtually all work insanely long hours. Nor is it their intelligence. Most CEOs are smart people. Nor is it good fortune. In life and business luck tends to even out over a life or a career. No, what separates the great from the merely good is […]
The Industrial Internet of Things (IIoT) has the ring of some disturbingly dystopian vision of the future. It feels daunting, sub-human. Put such thoughts to one side and it presents a myriad of opportunities.
First, let us try to understand the concept and the potential. In its report, “Driving Unconventional Growth through the Industrial Internet of Things,” Accenture describes IIoT: […]
Despite good intentions — and widespread acceptance of the importance of innovation — efforts to innovate at large companies often go off the rails.
There is no other organisational capability with such a gap between importance and performance. In the 2015 BCG survey, 70 percent of executives replied that innovation was either the company’s top priority or among the top […]