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As I’ve just finished leading an 18-month project, I am reflecting on how project management and leading teams is changing as Artificial Intelligence becomes more common in the workplace. If you have a project or team needing leadership and management, book an appointment with me now and we can speak about how I could help you.
Have you ever worked for a manager or boss who did not want to hear bad news? This can be especially dangerous when the problem they are avoiding is that they are being disrupted , other companies are out-innovating them, an important project is off-target or performance KPIs are falling behind. Volkswagen.
.” (available for download from Tuesday 7 Feb 2023), the outlook shows that there are potentially major problems ahead for innovation teams. This may upset a lot of startups or innovation teams who feel like it is their duty to look to the future and pull their company into new disruptive technologies.
By identifying gaps in processes, capabilities, or outcomes , businesses can develop targeted strategies to improve efficiency, enhance competitiveness, and achieve strategic goals. This analysis is widely used across industries, from business operations and project management to human resources and product development.
Many application teams leave embedded analytics to languish until something—an unhappy customer, plummeting revenue, a spike in customer churn—demands change. But by then, it may be too late. In this White Paper, Logi Analytics has identified 5 tell-tale signs your project is moving from “nice to have” to “needed yesterday.".
For example, a manufacturing company looking to optimize production efficiency might use Benchmarking Analysis to compare its operational metrics with those of industry leaders. If a competitor achieves higher output with lower costs , the company can study its competitors methods and apply similar improvements.
In todays competitive market, companies must ensure that they are investing in ideas that meet real customer needs and expectations. By gathering insights early in the development cycle, businesses can optimize product-market fit, ensure cost efficiency, and increase the likelihood of a successful launch.
White Space Innovation is a strategic framework used to identify and pursue growth opportunities beyond a companys current product lines, markets, or business models. Companies that embrace White Space Innovation aim to break out of stagnation, stay ahead of disruption, and create long-term competitive advantage.
SWOT Analysis: A Practical Guide for Strategy Projects SWOT Analysis is a strategic planning framework used to evaluate an organizations internal strengths and weaknesses as well as external opportunities and threats. Weaknesses Internal factors that limit success. What strategic goals are we trying to achieve?
This framework helps innovation leaders recognize potential game-changers early and develop strategies that respond proactively to emerging threats and opportunities. It highlights the dynamics of industry change and offers a lens through which teams can identify transformational opportunities.
The image here is the list of exactly which capabilities your company needs to succeed at innovation. Almost every business leader will tell you that they value innovation and that it is a positive & important factor for their company. Now, I’m going to outline step by step what enables a company to deliver those ideas.
In innovation projects, we often hear about companies resisting a change to the status quo. As a result, many innovation projects fail at the final hurdle, when they are asked to actually implement the change they were designed for. How then should we ever hope to achieve change in ourselves, our teams and our companies.
It helps innovation teams reduce uncertainty by laying out the elements of a business or product hypothesis in a clear and visual way. Rather than pursuing full-scale execution based on intuition or untested assumptions, teams use the canvas to validate their ideas through focused, low-cost experiments.
Identifying and managing these factors ensures that companies allocate resources efficiently, mitigate risks, and maintain a competitive advantage. Adapt to market changes while maintaining core competitive strengths. Key benefits include: Increases operational efficiency Helps teams focus on the most impactful activities.
It ensures teams stay focused on addressing real customer pain points while aligning efforts toward a common goal. By structuring the problem statement effectively, teams can minimize misunderstandings, improve efficiency, and increase the likelihood of developing customer-driven solutions.
In the early Incubate stage, growth is slow as teams experiment and refine the concept. It helps companies plan for the future instead of reacting to disruption when it’s too late. Helping teams avoid over-investing in aging technologies or saturated markets. Changes in customer needs or regulations.
Go-to-Market Strategy: A Practical Guide for Strategy Projects A Go-to-Market (GTM) strategy is a structured plan that defines how a company will introduce a product or service to the market, attract customers, and achieve a competitive advantage. Consider: Direct Sales Selling through an in-house sales team (e.g.,
Develop response strategies to mitigate or recover from those risks. Enable rapid adaptation to changing conditions. Without a structured plan, companies risk significant financial losses, operational failures, and reputational damage. Strengthens Risk Mitigation Strategies Enables businesses to develop proactive solutions.
McKinsey 7S Model: A Practical Guide for Strategy Projects The McKinsey 7S Model is a strategic framework developed by McKinsey & Company to help organizations assess and align their internal structure and processes for maximum effectiveness. Staff The workforce, including hiring, development, and retention strategies.
SOAR Analysis is particularly useful for organizations seeking to develop a positive, forward-thinking strategy by aligning internal capabilities with external opportunities. Why SOAR Analysis is Important Organizations that focus only on weaknesses and threats may become defensive and reactive. Results How will we measure success?
A well-designed scenario planning process ensures that companies: Identify key uncertainties and their potential impacts. Develop proactive strategies to manage change. Key benefits include: Enhances strategic flexibility Allows companies to pivot as conditions change. Lead Successful Strategy Projects!
By intentionally diversifying innovation investments, companies can sustain day-to-day operations, capitalize on near-term opportunities, and simultaneously prepare for future shifts in market dynamics or technology. This structured approach helps companies avoid innovation imbalance. What are our growth areas over the next 35 years?
It might seem like a straightforward question, but it is fundamental to whether a company will end up succeeding at innovation or failing. While many experts have argued for this in the past, in reality the research suggests it will depend more on the needs of each company. Companies that survive do both.
Developed by Robert Kaplan and David Norton , the Balanced Scorecard moves beyond traditional financial measures by incorporating key business dimensions such as customer satisfaction, internal processes, and organizational growth. Key benefits include: Enhances strategic alignment Ensures all teams work toward common goals.
It is the driving force behind the competitive edge that allows companies to stand out and meet the ever-changing demands of their customers. Incorporating innovative practices is essential for adapting to market changes and ensuring long-term success. Ensuring a timely and cost-effective product development life cycle.
These goals align with the companys vision, mission, and values and provide a roadmap for achieving sustainable growth and competitive advantage. Unlike operational goals, which focus on day-to-day tasks , strategic goals set the foundation for long-term success by addressing: Market positioning How the company competes in its industry.
Every company says that innovation is important, and that they value the ideas of their people. In fact, creativity is becoming a core skill which companies know they need in the future. In fact, according to some estimates by Doblin , 96% of all new innovations which established companies attempt fail to make a return on investment.
You don't need a pill, you need a team. Red Team / Blue Team The idea of a red team (attacker or hacker) versus the blue team (defender or good guy) has become a staple of cybersecurity, but it has an older history than that. What should happen next, and rarely does, is the creation of a disinterested red team.
Align teams and departments toward a common vision. For example, a retail companys strategy map might link its customer satisfaction goals to investments in employee training and supply chain efficiency , ensuring a holistic approach to business growth. Enhance strategic alignment Ensures all teams work toward the same vision.
A strong USP should be: Unique Differentiating the company from competitors. USP in Strategy A Unique Selling Proposition is central to a companys business strategy , defining how it competes in the marketplace. Guides Product Development Ensures offerings align with customer needs. Memorable Simple and easy to communicate.
Why is it that some people and companies so quickly enhance their productivity and speed with new A.I. There are in fact 7 levels of increasing maturity for how individuals and companies use A.I. Level 4: Advanced Prompt Engineering: Teams craft detailed prompts to tailor AI outputs for precision. in their work. Level 6: A.I.-driven
Kays Distinctive Capabilities Framework: A Practical Guide for Strategy Projects Kays Distinctive Capabilities Framework , developed by John Kay , is a strategic model that helps organizations identify and leverage their unique competitive advantages. Develop strategies based on strengths that competitors cannot easily replicate.
Up until the industrial revolution, most products were produced by small companies with only a handful of employees. However, the industrial revolution, and especially the development of the assembly line, allowed factories to expand production and employ significantly more people to produce things. And that got me asking: Why?
I recently met with a very successful company that is seen as a highly innovative global pioneer that others in their industry, which is facing many structural headwinds and inevitable changes, look up to. This is actually a very common approach, but we’ve yet to see a single company that would be very successful with it.
The word ‘corporate innovation’ is becoming an increasingly popular buzzword, but for the most forward-thinking companies, it represents the future of the business and a significant spend on research and development. This will allow the corporate to more rapidly apply the benefits of the collaboration and develop the business.
So, think of challenges you can issue to your team. Sweeten the pot with a prize, like an extra week of vacation or a few shares of company stock. As long as it’s friendly, competition is no bad thing, and encouraging friendly competition is a good way to get ideas. These don’t have to be product-related, either.
Shaping Innovation for a Meaningful Change Following on from my initial post, “ Our Need is to Shape Innovation Dynamically, ” this post outlines the eight value-adding points that I can help build out and deliver alongside you in different delivery modules to fit your circumstances and budgets.
How to Think Strategically as Leaders and Build Stronger Teams Great leaders dont just react to challenges- they anticipate them. Strategic thinking is a skill that can be developed through study, practice, reflection and deliberate effort. Focus on practical ways to develop this sought-after skill.
The reality is that any employee can struggle with connecting with their work teams, no matter what their schedules, occupations, and backgrounds are and regardless of whether they are working remotely, in house, or on a hybrid model. So, how can companies ensure that there is more engagement in work teams? Little To No Input.
Understanding organizational culture is crucial for leaders looking to steer their companies in the right direction. Culture is shaped by a variety of factors, including the company’s mission, leadership styles, policies, work environment, and the behavior modeled by those at the top.
If you want to stop your organisation from trying to develop significant new products or services then here are seven solid arguments you can rely on. It would be bad for morale if we launched a new product which flopped and it would be bad for the careers of those who were responsible for failure. We are successful.
Changing the default position – e.g. so that everyone is enrolled into a pension scheme unless they deliberately opt out. Showing peer reviews e.g. for companies, products, hotels or restaurants. In 2015 the World Bank established a group to help developing countries use nudge policies.
You can love your employees and those you lead without forsaking your company’s objectives. The theory of evolution and neuroscience demonstrates the importance of collaborative care in developing and growing the human species. Teams are more productive. Teams are more innovative. Yes, it is love.
Whether you think that is a compelling line of reasoning for a jury trial or not, it might not be a bad way to think about innovation. You see, many companies cannot adequately define innovation for their employees and teams. The second has the innovation team dreaming up its own activities and defining its own outcomes.
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