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

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

Innovation Excellence

JANUARY 11, 2017

A company’s portfolio can generally be segmented into three types of innovation: incremental, adjacent, and breakthrough. Incremental innovations are minor improvements to existing products or small steps in to a new market. Breakthrough innovations, often.

Innovation 64

Innovation Core Competence How To Marketing 64

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

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 168

Short-term Core Competence Leadership Survey 168

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

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

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 Finance 156

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

Lead from Within

JUNE 12, 2024

The workforce is transforming at an unprecedented pace, driven by technological advancements and shifting market demands. This cross-pollination of skills can inspire innovation and create a more adaptable workforce. As an executive leadership coach, I emphasize the importance of reskilling to my clients.

Strategy 118

Strategy Core Competence Skills Career 118

The Practical Leader

SEPTEMBER 27, 2023

Like the weather, many leaders talk about agility and innovation, but few managers do much about it. Unlike the weather, there’s a great deal managers can do about building agile and innovative cultures. These four innovation stages aren’t neat and orderly. It’s a big competitive edge.

Innovation 59

Innovation Agility Strategic Planning Learning-by-Doing 59

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 103

Company How To Core Competence Venture Capitalist 103

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

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

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 10

Core Competence Prahalad Supply Chain Hamel 10

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 16

Innovation Process Competitive Advantage McKinsey 16

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 16

Innovation Supply Chain Telecommunications Core Competence 16

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

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 15

Insurance Innovation Core Competence Disruptive Innovation 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 15

Disruptive Innovation Innovation Business Model Human Capital 15

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

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 16

Company Competitive Advantage Prahalad Hamel 16

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 16

Company Competitive Advantage Prahalad Hamel 16

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 11

Innovation Engineering Core Competence Middle Management 11

Harvard Business Review

MAY 31, 2011

On recent visits to India, we have found that "innovation" is the buzzword on everybody's lips. President Pratibha Patil has even declared 2010-2020 as India's " Decade of Innovation." Biocon is one Indian company that is adapting well to this new global reality by embracing a polycentric innovation model. Transformers.

Shaw 15

Shaw Globalization Innovation Entrepreneur 15

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 13

Innovation Company Entrepreneur Constraint 13

Harvard Business Review

DECEMBER 22, 2010

The Nike Foundation also leans on its expertise in innovation and scale to find solutions to poverty, while keeping its operations separate from the business. To do this, Goldman used its competencies in understanding markets, convening needed expertise and business networks. Early results are encouraging.

Core Competence 15

Core Competence Market Segmentation Globalization Reputation 15

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 9

Marketing Power Short-term Long-term 9

Harvard Business Review

MARCH 26, 2012

Western multinationals — especially the most successful ones — consistently struggle to achieve their growth targets in emerging markets. Because they try to repeat their past success formulas — the ones that work so well for them in developed markets. It is impossible to earn healthy profits in emerging markets.

Chief Technology Officer 15

Chief Technology Officer Constraint Bottom-up CTO 15

Harvard Business Review

APRIL 18, 2011

Cisco's clever little camcorder collapse provides picture-perfect insight into a pervasive innovation pathology: Ignoring — or disrespecting — the obvious. Cisco's leadership is very smart and Wi-Fi is part of the firm's core competence. or "How can we push the innovation envelope?" This was obvious.

Wireless 14

Wireless Management Telecommunications Core Competence 14

Harvard Business Review

MAY 6, 2011

Mapping knowledge assets according to how structured and how diffused they are is the basis for developing a powerful knowledge-directed strategy based on strategic combinations among the quadrants we introduced in our last post : Bottom left: In this quadrant lie the company's core competencies.

Tacit Knowledge 15

Tacit Knowledge McKinsey Core Competence Document 15

Harvard Business Review

DECEMBER 22, 2011

Competition is about profits, not market share. A core competence alone will rarely produce a sustainable competitive advantage. Making that commitment actually improves your ability to innovate and to adapt to turbulence. But strategy is more than marketing.

Porter 17

Porter Strategy Competitive Advantage P&L 17

Harvard Business Review

APRIL 22, 2011

If your company had just announced a 27% increase in revenues in this market, you'd probably be quite happy. And you'd think the market would be, too. Like many other companies that have a core product line, Google is struggling to find its next market. Since the beginning, Google has had a great culture of innovation.

Micromanagement 15

Micromanagement Open-book Parcell Innovation 15

Harvard Business Review

SEPTEMBER 6, 2017

The strategic underpinnings of most companies’ workforce plans should change dramatically as a result of technological innovation. Digital transformation, the industrial internet, advanced analytics, artificial intelligence, robotics, machine learning, and a plethora of other innovations are fundamentally changing the nature of work.

Company 16

Company Insurance Engineering Software 16

Harvard Business Review

MARCH 21, 2017

Improving the in-store experience, promoting omnichannel shopping and fulfillment options, and developing in-person service innovations are avenues that leverage its brand equity and core competencies — and they’re approaches that would put Amazon at a disadvantage. But this rarely ends well.

IT Strategy 15

IT Strategy Strategy Core Competence Price 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