How to Build Invincible Companies
Thursday, June 7th, 2018It’s more important than ever for companies to focus on inventing the future. Companies have to start giving more power and prestige to growth innovation, or risk becoming irrelevant. We explain three crucial areas to address this challenge.
Over the past 16 years, we have been dedicated to a single mission: how to help companies continuously reinvent themselves. We created some of the tools and methods to deal with this challenge.
The crucial question we are helping to answer: How can C-suite leadership teams harmonize the demands of public markets and activist investors to cut costs; buy back shares and simultaneously reinvent their organization; and unleash entrepreneurial talent and position it for future growth?
We believe there are three crucial areas that every company needs to consider to remain relevant and prosperous. First, companies have to develop truly ambidextrous organizational structures where the innovation arm is given equal power alongside the existing business. Second, this innovation arm needs its own culture, processes, skills, metrics and incentives to explore potentially new business models and value propositions. Third, companies need to better manage their portfolio of existing businesses and new opportunities—maintaining and protecting the current business, while cultivating the business models of tomorrow. Let’s explore deeper into each area and discuss why it matters to companies today. (more…)