In the midst of the innovation tsunami, many things are changing rapidly, from the way we work to the way we communicate and connect with each other. However, there are certain fundamental principles that remain unchanged, and which should be at the heart of any successful business model. One thing that stays the same is the importance of understanding your…
Digital transformation has been the buzzword for the past decade(s). Companies are keen to embrace new technologies and ride the wave of change. When it comes to buzzwords bingo, incumbents are unbeatable. However, many businesses find it difficult to adapt to the new era of digital technology, especially when it comes to their business models. The fear of change and…
As business leaders, we often hear the term “strategy” thrown around in boardrooms, presentations, and annual reports. But what does it truly mean to have a good strategy versus a bad strategy? In his thought-provoking book, “Good Strategy, Bad Strategy: The Difference and Why It Matters,” Richard Rumelt, a seasoned professor at the UCLA Anderson School of Management, dives deep…
In a current strategy project, the firm follows a Scrum framework for project management. However, I have noticed a concerning trend regarding the product owner’s approach. The product owner solely focuses on tasks that align with the web analytics data, prioritizing only what people are currently searching for. Unfortunately, this short-term mindset jeopardizes the long-term strategy. By neglecting the broader…
Weed control is an essential task for farmers and cultivators, dating back to ancient times. In the past, weed control was done manually, which was labor-intensive and time-consuming. Later, herbicides provided a new tool for farmers to control weeds more efficiently. However, with the rise of concerns over the environmental impact of herbicides, a new innovation has emerged: robots designed…
Lou Gerstner named his book on the change of IBM from a hardware seller to a IT Service company: “Who Says Elephants Can’t Dance? “. He shows that large corporations can change dramatically their way of doing business in order to survive. I will argue in this post that IBM is the exception and not an example for a large…
