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What is a Strategy Uncertainty Map? Strategy Uncertainty Map: A Practical Guide for Strategy Projects A Strategy Uncertainty Map is a structured framework used to assess and manage uncertainties that could impact an organizations strategic decisions. Improve risk management Minimize exposure to critical threats.
“Decoupling” the value chain is the next big strategy for digital innovation and business models. Digital disruption isn’t just about the internet or mobile technology. Teixeira’s thinking closely matches what I’ve been exploring in my other articles on disruption across industries like packaging , manufacturing , safety , and travel.
The folks at Armada Corporate Intelligence offered an internal branding strategy take on the United Airlines woes, offering strategic thinking questions you can ask and answer to improve your brand’s resiliency and avoid brand crises. 3 Ways Your Internal Branding Strategy Can Be Smarter than United Airlines.
Today we are facing many current disruptions where we need to react fast and intelligently. Airlines are looking to encourage us back onto their planes. Siemens Digital Industries Software approach’s foundation is Xcelerator ; it is at the core of the strategy. Keeping Us Safe for Resuming Travel.
Companies that invest in green energy adoption, supply chain optimization, and carbon reduction strategies will lead the transition away from oil and gas dependency, securing long-term competitive advantages.
Southwest Airlines has a notable history with both intrapreneurship and solving both internal and external company pain points creatively. But at Southwest Airlines, an internal employee named Marty Cobbs decided to take passengers by surprise by livening up the safety instructions with humor.
The book is about is basically about what do organizations (typically incumbent organizations) do to be successful at the business of disruption, the assumption being that it is unusual for the incumbents to disrupt themselves or their industries. Disruption doesn’t create growth. Growth creates disruption”.
A few more similarly accelerating technology Hard Trends that increase in-person trust are contact-less kiosks for self-service in retail stores, and hotel and airline check-in using facial recognition and/or voice and smartphone. With that said, make sure you put elevated trust at the center of your reopening strategy.
Today we are facing many current disruptions where we need to react fast and intelligently. Airlines are looking to encourage us back onto their planes. Siemens Digital Industries Software approach’s foundation is Xcelerator ; it is at the core of the strategy. Keeping Us Safe for Resuming Travel.
Today we are facing many current disruptions where we need to react fast and intelligently. Airlines are looking to encourage us back onto their planes. Siemens Digital Industries Software approach’s foundation is Xcelerator ; it is at the core of the strategy. Keeping Us Safe for Resuming Travel.
For example, Delta Airlines’ entire fleet in the United States was temporarily grounded because of computer problems—the second shutdown over a period of six months also shutting down the carrier’s website and mobile apps. Many organizations can point to business principles, strategies and other ways of thinking that underscored success.
Leverage Collective Intelligence to Support Business Contingency It is becoming increasingly clear that the COVID-19 pandemic will result in one of the most disruptive economic episodes of our generation. However, it’s vital to remember that the crisis does not have to dampen the resilience and innovative spirit of your business.
Travelers in my area have been enjoying incredibly low fare trips to Europe on Norwegian Airlines. The Wall Street Journal's Heard on the Street column has some doubts : The airline operates a very different growth model to tried and tested low-cost carriers such as Southwest Airlines Co. in the U.S. and Ryanair in Europe.
The “Inside the Executive Suite” article from Armada Corporate Intelligence profiled an intriguing innovation strategy example within a regulated industry. The Armada article highlights six ways to formulate innovation strategy in a regulated environment, including the approach JetBlue is taking. A shadow innovation strategy.
Robotic Process Automation: giants that already using this strategy and application: Walmart, Deutsche Bank, AT&T, Vanguard, Ernst & Young, Walgreens, Anthem and American Express Global Business Travel are among the many companies that already have Robotic Process Automation strategies. Set expectations. Seek expert help.
While disruptive periods like this can be incredibly damaging, you only have to look at the companies founded during previous recessions to see that a crisis can also create many opportunities. Casualties of Innovation Complacency The disruption caused by the Covid-19 pandemic has forced all companies to act.
While disruptive periods like this can be incredibly damaging, you only have to look at the companies founded during previous recessions to see that a crisis can also create many opportunities. Casualties of Innovation Complacency The disruption caused by the Covid-19 pandemic has forced all companies to act.
While the new value chain is not expected to supplant either of the other two for the foreseeable future, it will definitely disrupt and alter them in major ways. Similarly, airlines contribute important expertise in big data exploitation, fleet acquisition, as well as fleet operations and management.
For example, Delta Air Lines, one of the leading airlines, managed to get back to their leading position even after bankruptcy. Organizations should make changes in their strategy, governance, engagement, and incentives. The important questions arise: how to prioritize investments, where to cut what, and what strategy works best?
And because real action is so difficult to implement, culture is often viewed as the backwater of organizational strategy.”. Consider the iPod, Uber, or Airbnb—one good idea can can be so valuable that it disrupts entire industries. Southwest isn’t the only airline to benefit from one good idea.
Robotic Process Automation: giants that already have this strategy, and application possibilities. Walmart, Deutsche Bank, AT&T, Walgreens and American Express Global Business Travel are among the many companies that already have Robotic Process Automation strategies. Robotic Process Automation: business benefits. Set expectations.
A great example of disruption across industries is the way Uber instantly went from disrupting the taxi industry to holding a dominant position in the food delivery industry, rising rapidly to handle 10 billion dollars US worth of business and devouring market share from rivals Postmates, Caviar, and DoorDash. Expect new entrants.
The right times to grow through destruction While the right innovation strategy depends on a number of factors?—?industry, The wrong times to grow through destruction While carefully executed destruction frees up resources to focus on the things that matter most, there are times when it isn’t the right strategy.
In July 2016, Southwest Airlines canceled 2,300 flights when a router failed, delaying hundreds of thousands of passengers. Andrew Tschonev, technical specialist at security firm Darktrace , stated: “With attackers targeting everyone and anyone, today’s businesses cannot safely assume that it won’t happen to them.”.
Why is the airline industry so terrible? There is an answer, and it has to do with the dynamics of disruption. One of the most powerful corporate growth mechanisms – and at the heart of disruption theory — is moving upmarket. Which brings us back to the airline industry.
And Amazon will be disrupted one day. If you poke around the web for remnants of Current TV’s brand strategy, it was to be something like a news network for ages 18 – 34, where much of the content would be user-created, uploaded to a destination online site, and then curated for television cable audiences.
It was this received opinion Michael Porter was questioning when, in 1979, he mapped out four additional competitive forces in “ How Competitive Forces Shape Strategy.” When they are strong, as in the airline and hotel industries, almost no company earns an attractive return on investment. Strategies for staying ahead.
How does disruptive innovation differ when it’s applied to a product versus a platform? Similarly, it’s useful to distinguish between types of disruption. Starting a high-end disruption is expensive and challenging, requiring a lot of capital up front. market with the Corolla and the scooter, respectively.
It seems that everyone these days is looking for a disruptive business model. The airline industry is a cautionary tale of what happens when companies emulate new business models without bringing over the associated mental models. Bethune and the other airline leaders thought that the Southwest model was about taking out costs.
This is why we have sales teams ending up selling something that is easier to sell than selling one that the company strategy is betting its future on. This is the reason why we have well-meaning folks from Dell outsource everything to their Chinese suppliers leading to the disruption of Dell as the leader of the PC revolution.
This is why we have sales teams ending up selling something that is easier to sell than selling one that the company strategy is betting its future on. This is the reason why we have well-meaning folks from Dell outsource everything to their Chinese suppliers leading to the disruption of Dell as the leader of the PC revolution.
Put another way: Hastings was concerned about the possibility of Netflix being disrupted. His approach to splitting out the old business from the new one is a textbook play out of Clay Christensen's prescription for dealing with the possibility of disruption. In fact, there are precedents of disruptive subsidiaries doing exactly that.
First among these were BCG executives Philip Evans and Thomas Wurster, writing some 18 years after Bell’s article in the seminal “Strategy and the New Economics of Information.” More than 40 years after Southwest Airlines went public, tens of thousands of passengers fly daily with legacy carriers.
Over the years, as I've studied high-impact organizations that are changing the game in their fields, they've adopted a range of strategies and business models. That's not to say Southwest never hires refugees from the legacy airlines. Now that's an effective prescription for innovation! They can learn about banking.
Most executives, rightly, regard strategy creation and achieving operational effectiveness as two very different animals. Strategy, they believe, is about how to create value for customers; operational effectiveness is about how to do so at the lowest cost. In fact, that's how several disruptive business models have emerged.
” This and a slew of similar maxims reflect a common view of strategy execution: that it’s distinct from strategy, harder to pull off than defining a strategy, and therefore more critical to success — underpinned by seemingly indisputable virtues such as diligence, discipline, consistency, alignment, and focus.
To see that larger picture, let’s locate Apple within its larger context as a once disruptive innovator that’s now essentially an incumbent. A fundamental tenet of disruptive innovation is that established firms normally do not react to disruptors. Despite these record numbers, though, the process of disruption continues.
Beyond those classics, consider using the following questions to help you crystalize the entire innovation process from beginning to end — by improving your ability to spot new growth opportunities, pinpoint disruptive threats, shape compelling offerings, and commercialize your ideas. Identifying the Threat of Disruption.
This new normal is the result of the oil business being disrupted. Their strategy has clearly shifted. Energy-intensive industries ranging from farming to airlines are also profiting. That’s a strong margin for any industry, but a particularly big deal for airlines that have struggled in years past to turn a profit at all.
Earlier this year, for example, a Southwest Airlines pilot delayed a flight from Los Angeles to Tucson to accommodate the needs of a distraught grandfather who was racing to the hospital bedside of his toddler grandson, the victim of criminal abuse.
All the same story: once-great companies that suffered disruption. Many modern businesses take stock in the reality of disruptive innovation and try to react accordingly. In the software industry, giants like Microsoft, SAP, Oracle, and IBM have all invested heavily in the cloud technologies that are disrupting software.
The reforms include changes to retail, airlines, broadcast and power sectors. Here are some considerations for businesses contemplating a Go-to-India strategy: Market Selection. Disrupting the Status Quo. The changes in retail are significant; Wal-Mart, IKEA, and Tesco can now compete against indigenous retailers in India.
Airbnb has disrupted that model. ” In the airline industry, innovators have also redefined the brand roles. The relationship is perhaps one reason Virgin customers are so upset by the sale of the airline. As one Virgin fan said , “I think of Alaska [Airlines] as more of a friendly aunt.”
So it goes with airlines, telephone companies, banks, every organization you deal with — you’re continually redesigning strategic factors such as product range, presentation, and customer service. And they translate what they learn into strategy. Hubris has no place in outside-in thinking and effective strategy development.
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