Lead Change Blog

DECEMBER 23, 2019

AQ is defined as “the ability to adjust course, product, service, and strategy in response to unanticipated changes in the market”— and indeed, the Harvard Business Review characterised it as “the new competitive advantage.” They study the “underdogs,” the new market entrants, and quickly learn from them.

Leadership 154

Leadership Leadership Styles Hotels Core Competence 154

N2Growth Blog

JANUARY 23, 2024

By tapping into their expertise, organizations can benefit from fresh perspectives, innovative ideas, and best practices that can drive business success. This flexibility is precious in today’s fast-paced business environment, where organizations must adapt rapidly to changing market conditions.

Consultative 221

Consultative Organization Self-aware Objective 221

Career Advancement

DECEMBER 14, 2020

Plenty of core competencies will remain essential skills for leaders in the future. Study a particular subfield within your area of knowledge in order to develop specialized knowledge that will make you highly marketable in that realm. Specialized areas of expertise. Ingenuity.

Skills 257

Skills Emotional Intelligence Core Competence Restructuring 257

In the CEO Afterlife

JANUARY 20, 2016

Most of these opportunities fall outside of the core competency of the company and/or the positioning of the brand. Business Models Change and So do Core Competencies. Coke isn’t wasting time assessing non-beverage markets or searching for food acquisitions. The fallout? Great strategies enhance expertise.

Strategy 165

Strategy Core Competence Constraint Short-term 165

First Friday Book Synopsis

JULY 13, 2014

He advises large, global organizations on strategy, innovation and organizational change and is recognized as a leading expert in enabling organizational renewal and growth through innovation. Peter Skarzynski is a founder and Managing Partner of ITC Business Group, LLC.

Prahalad 93

Prahalad Hamel Core Competence Drucker 93

Career Advancement

MAY 25, 2021

Plenty of core competencies will remain essential skills for leaders in the future. Study a particular subfield within your area of knowledge in order to develop specialized knowledge that will make you highly marketable in that realm. Specialized areas of expertise. Ingenuity.

Skills 156

Skills Emotional Intelligence Core Competence Restructuring 156

First Friday Book Synopsis

MAY 28, 2014

He advises large, global organizations on strategy, innovation and organizational change and is recognized as a leading expert in enabling organizational renewal and growth through innovation. Peter Skarzynski is a founder and Managing Partner of ITC Business Group, LLC.

Prahalad 75

Prahalad Hamel Core Competence Wilde 75

Leading Blog

JANUARY 27, 2020

AI is breaking down the limits that are inherent in traditional operating models to drive new value, growth, and innovation. However, in the age of AI, organizations that cannot leverage customers and data across markets are likely to be at a disadvantage.”. From Constrained Operations to Frictionless Impact. “As

Operations 318

Operations Industry Learning-by-Doing Automotive 318

Great Leadership By Dan

FEBRUARY 28, 2020

It is fundamentally different from the traditional inside-out thinking, which looks at the world from the company perspective and assesses what occurs beyond the traditional business boundaries and markets with a risk perspective. Connecting such external challenges with internal core competencies may not be obvious or evident.

Short-term 219

Short-term Core Competence Leadership Survey 219

Joseph Lalonde

AUGUST 12, 2016

Look to companies outside of the organization’s market… And steal from them – Every organization has their core competencies. Or maybe their core business is selling computer software. Leaders with a maker’s mindset know that innovation won’t come from looking at companies in the same market.

Core Competence 120

Core Competence Creativity Influence Follow-up 120

Harvard Business Review

FEBRUARY 21, 2011

But it got stuck in its core competence of traditional film products and missed the rise of digital photography and printing. To survive, it has stopped selling film cameras, focusing on the digital ones that dominate the market. Organizations such as IBM and GE have adapted over the years to remain competitive in the market.

Core Competence 15

Core Competence Prahalad Film Hamel 15

N2Growth Blog

JUNE 14, 2010

Few things are more critical to your efforts in increasing your revenue growth and corporate sustainability than understanding the value of disruptive innovation. “Me Too&# companies fight to eek out market share in an attempt to survive, while disruptive companies become category dominant brands insuring sustainability.

Business Model 361

Business Model Blog Disruptive Innovation Brand 361

Tanveer Naseer

MARCH 10, 2015

The following is a guest piece by Innovation Excellence co-founder Rowan Gibson. What most companies understand now is that the only way to drive profitable growth and wealth creation over the longer term is to innovate. But that’s not the way radical innovators envisage their organizations. This is quite understandable.

How To 100

How To Retail Core Competence Innovation 100

Skip Prichard

JUNE 24, 2021

Leadership Tip: make change a core competence. First, it is critical to make change a core competence. Curating an ecosystem (including customers, peers, venture capitalists, executive recruiters, and strategic vendor partners) to be source of insight and inspiration is the fastest path to broader innovation.

Company 101

Company How To Core Competence Venture Capitalist 101

N2Growth Blog

AUGUST 9, 2010

All business (for profit or not) provide goods, services, or intellectual property/capital to a market (or markets) for some form of consideration. You will also be competing to retain talented employees that other companies would like to lure away.

Blog 305

Blog Brand Depreciation CEO 305

Harvard Business Review

OCTOBER 17, 2013

Prahalad , the guru of “ core competence ,” doing a strategy audit for a huge Indian conglomerate. It needs to shed a few divisions and find and focus on an integrative core competence. The customer is the ultimate beneficiary of these enhanced core competencies—not the driver or determinant.

Core Competence 8

Core Competence Prahalad Supply Chain Hamel 8

Women on Business

AUGUST 24, 2011

Innovate –Think Outside the Box –Do not be a boring cookie cutter. Stick to Principles & Core Competencies – Markets change. Commit the Customer — When customers ask you to expand services or locations, get them to commit more than themselves. Competitors appear.

Franchising 226

Franchising Succession Core Competence Follow-up 226

Mills Scofield

APRIL 15, 2012

And finally, business model innovation is getting the recognition it deserves. That’s why I was thrilled when my friend and one of business model innovation’s gurus, Saul Kaplan , wrote a must read book sharing his real world experiences - The Business Model Innovation Factory. For many, this is frightening.

Kaplan 151

Kaplan Business Model Levitt Christensen 151

Mills Scofield

FEBRUARY 8, 2013

Last month, we learned about Geneca's journey into creating a culture of innovation within the company. Often considered the “Mother of Cause Marketing”, Ms. Cause marketing, she said, was going in a new direction: Leveraging core competencies to make a positive difference in the community, on employees and the bottom line.

Ryan 130

Ryan PR Project B2B 130

Harvard Business Review

OCTOBER 17, 2012

In the creative economy, innovation is more important than ever. Innovation is the only insurance against irrelevance. Innovation, in operations, products, business models and ecosystems, isn't merely a competitive advantage, it's the competitive advantage. We all get it: innovation is the lifeblood of every organization.

Innovation 15

Innovation Process Competitive Advantage McKinsey 15

Harvard Business Review

APRIL 9, 2018

” It’s important to distinguish between different types of innovation, and the responses they require by firms. In a recent publication in the Journal of Product Innovation, we undertook a systematic review of 40 years (1975 to 2016) of innovation research. This may happen in two ways.

Disruptive Innovation 12

Disruptive Innovation Innovation Business Model Human Capital 12

Harvard Business Review

AUGUST 15, 2017

More and more companies are realizing they must reinvent their cultures by infusing innovation into their DNA. With almost 4,000 employees, CSAA IG has embarked on a systemic approach to create a pervasive culture of innovation. Most people focus on the first type of innovation: incremental.

Insurance 12

Insurance Innovation Core Competence Disruptive Innovation 12

LDRLB

MAY 26, 2014

The most recent being Big Bang Disruption: Strategy in the Age of Devastating Innovation. Paul Nunes and I have known each other for many years, and we’ve both been writing about the subject of disruptive innovation from different vantage points and different angles. DAVID: Yeah. You call it this big bang disruption.

Early Adopters 60

Early Adopters Rogers Disruptive Innovation Innovation 60

Harvard Business Review

MAY 9, 2012

The innovator's quest has been to find the win-win proposition: a great new product that can create differentiated value for consumers while supporting differentiated profits for the producer. The innovator's job is now to create wins across the board. MORE ON KNOCKING DOWN BARRIERS TO INNOVATION. Apple crafted a win-win-win.

Innovation 15

Innovation Supply Chain Telecommunications Core Competence 15

Harvard Business Review

NOVEMBER 10, 2015

After a long and successful run, the theory of disruptive innovation has come under attack of late. In a recent Sloan Management Review article, Dartmouth professor Andrew King asked “ How Useful Is the Theory of Disruptive Innovation? Disruptive innovation is a parsimonious theory that explains many business failures.

Disruptive Innovation 8

Disruptive Innovation Innovation Christensen Henderson 8

CO2

APRIL 1, 2022

It’s more likely that they set out to meet an unmet need in the market. Recent research has shown that “high purpose” companies — those who have a point of view on social issues, innovate with purpose, and have a commitment to society — outperform “low purpose companies.” For example, high purpose companies experience: 14.1%

Mission Statement 78

Mission Statement Leadership Organization Core Competence 78

CO2

APRIL 1, 2022

It’s more likely that they set out to meet an unmet need in the market. Recent research has shown that “high purpose” companies — those who have a point of view on social issues, innovate with purpose, and have a commitment to society — outperform “low purpose companies.” Used to set priorities around core competencies.

Mission Statement 78

Mission Statement Leadership Organization Core Competence 78

Harvard Business Review

JULY 9, 2014

R&D and marketing typically come at product development from different angles, and R&D’s “things” approach is often at odds with marketing’s “people” focus. In companies where R&D is very powerful, marketers can sometimes be heard complaining about products that are hard to understand and use.

Marketing 8

Marketing Power Short-term Long-term 8

Harvard Business Review

JULY 8, 2011

I think they'd benefit from a quick look back at a failed innovation Google quietly DNR'ed. It offers a sobering reality check for anyone who believes that great people, great skills, great wealth, a great brand, and a great opportunity invariably lead to great innovation, They don't. The market reality proved sour.

Innovation 15

Innovation Health Care Core Competence Media 15

Harvard Business Review

SEPTEMBER 19, 2013

Unfortunately, when companies launch innovation initiatives, they tend to devote most of their time, energy and attention to that initial 1% – the thrilling hunt for the breakthrough idea. The real innovation challenge , however, lies beyond the idea, in a long, hard journey from idea to impact. Think Different. Opportunities.

Innovation 8

Innovation Engineering Core Competence Middle Management 8

Harvard Business Review

APRIL 27, 2015

Can you think of any business topic that’s been hotter for longer than innovation? In a McKinsey poll , 94% of the managers surveyed said they were dissatisfied with their company’s innovation performance. And yet when it comes to innovation, the gap between aspiration and accomplishment seems as big as ever.

Innovation 8

Innovation Company Engineering Supply Chain 8

Harvard Business Review

NOVEMBER 19, 2013

Increasing creativity and innovation is not only on the priority list for start-ups; it’s also a strategic goal for CEOs of small, medium, and large-sized companies. As companies grapple with long odds on innovation like these, they are also looking for ways to improve the likelihood of their intrapreneurial success.

Innovation 9

Innovation Company Entrepreneur Constraint 9

Harvard Business Review

APRIL 12, 2012

They get stuck making incremental improvements that are rooted in existing competencies, markets, and business models. This is especially problematic when companies decide to innovate. If they can't replicate the thinking driving your innovations, they'll be doomed to "me too" status. Forward-looking. Hard to follow.

Core Competence 15

Core Competence Prahalad Hamel Brand 15

Persuasive Powerhouse

SEPTEMBER 13, 2010

We may be snowed by the public relations machine that “markets” a poor leader. Maybe we need to have the courage to live our truth regardless of what the outcome is, but when it comes to threatening one’s livelihood, the situation requires more innovative measures, as you did. Worse yet, we may not vote for anyone.

Leadership 150

Leadership Follow-up Blog Greenleaf 150

Harvard Business Review

DECEMBER 13, 2017

As an aspiring PM, there are three primary considerations when evaluating the role: Core Competencies , Emotional Intelligence (EQ), and Company Fit. The best PMs I have worked with have mastered the core competencies, have a high EQ, and work for the right company for them. Core Competencies. Company Fit.

Products 8

Products Productivity Core Competence Management 8

Harvard Business Review

MARCH 16, 2015

. “Did you see a cocktail napkin with our entire marketing campaign on it?” Here’s the winning caption: “Innovation may not be a core competency at Franklin Electric.” ” Andrew Grossman. “I beat the snail. I blew out the sloth. But all anyone remembers is that damn tortoise.”

Core Competence 8

Core Competence Magazine Audience Review 8

Harvard Business Review

OCTOBER 4, 2012

Gary Hamel and CK Prahalad laid out their view in the Harvard Business Review classic "Core Competence of the Corporation." While it's next to impossible to innovate faster than the market, it is possible to innovate better that the market. For a retailer, it might be logistical acumen.

Company 15

Company Competitive Advantage Prahalad Hamel 15