In today’s dynamic business environment, there is fierce competition, unmatched volatility and economic unpredictability. Every company seeks to embrace some innovations: automation and digitization, globalization, shared services, lean operations, big data, Internet of Things, blurred industry boundaries, regulatory shifts, etc.
The greatest transformation challenges include: top-down structures, inability to experiment, limited change management capabilities, legacy systems, a risk-averse culture, and an inability to work across silos (Source: HBR). What we need to successfully transform includes: experimentation, embracing risk, creating distributed leadership structures, and fostering collaboration (Source: MIT, Deloitte). In the Medici Effect (Frans Johansson, 2006), the concept was to engage outside sources of ideas to remove barriers.
Is your organization seeking outside ideas to its transformation challenges?
