"About 100 senior Euro 500 executives from 13 countries convened in Geneva for BCG’s ninth European Strategy Leadership Summit. The theme—“The Beauty of Disruption”—challenged participants to see disruption as a friend, not a foe."
Of the group:
- 95% reported that their businesses had been affected by disruption
- 60% named new technologies and business models as the primary types of disruption they face
- 60% describing their organization’s ability to adapt to it as average or worse
The key takeaways for surviving/embracing an increasingly disruptive world included:
- External innovation (partnering with stronger innovators) is emerging as a trend as only 21% of organizations felt they had the internal talent.
- Digital transformation that is taken on proactively has a 50% higher ROI than doing it reactively
- Emerging market leaders are embracing digital more aggressively than those in developed markets
- The pace of change will narrow windows of opportunity for exploiting new products and services
- Organizations must shift from product-based value propositions to digital ones; from global supply chains to local globally-integrated ones, and from standard global offerings to more regionalized approaches.
- Embrace AI, which the article describes as 10% algorithm, 20% technology, and importantly, 70% business processes.
"This 158 page report is chocked full of statistics, case studies, and sage advice about everything from what humans do better than computers, big data, blockchain, and some IT stuff you probably haven't even heard of yet but will be hearing about shortly. It's a bit overwhelming, but it's an important read for any organizational leader."
This 158 page report is chocked full of statistics, case studies, and sage advice about everything from what humans do better than computers, big data, blockchain, and some IT stuff you probably haven't even heard of yet but will be hearing about shortly. It's a bit overwhelming, but it's an important read for any organizational leader.
"In short, we will see more disruptive innovation than in the whole of the 20th century...Increasingly, in most business sectors, we will be able to work wherever we want to. In this ‘anywhere economy’ the glue that holds everything together as a fluid and functioning dispersed work eco-system will be hyper-connected digital networks"
I love the sentence about being "liberated by the tyranny of geography." The author talks about the impact of BYOD, fear of being replaced by technology, flying cars, eating bugs, and more.
Office Space: 53 Tech Startups Reshaping Commercial Real Estate
Anyone involved in commercial real estate ought to take a look at these potential disrupters who have raised a boatload of venture capital.