The corporate survival challenge

We are now in a transition to a post-industrial economy. Corporates face massive industry disruption from a combination of exponential technologies. To deliver shareholder value, they must increasingly emphasize rapid renewal. This is proving difficult.

Startups are exploiting disruption opportunities much faster than corporates, which are hampered by a lack of awareness, cultural impediments and organizational structures focused more on efficiency than innovation.Most corporate innovation efforts are cautious, slow and incremental.

Corporates also have difficulty attracting and retaining innovation talent.Young innovators are not eager to go work for big, conservative organizations. They seek self-actualization, empowerment and a sense of having an impact of the world.

Corporates risk decreasing relevance not only to customers and talent, but also to investors. General Electric, a corporate known for decades of operational excellence, was recently removed from the DJIA index after 133 years. Corporate lifespans are dropping.

An agenda for corporate renewal

Board education: The board may be insufficiently aware of the challenges faced by management. We provide workshops that help boards better understand the implications of the post-industrial transition. This enables them to more effectively hold management accountable.

Executive education: Our in-depth workshops for executives provide a detailed understanding of the risks and opportunities they are facing in the post-industrial transition. They also learn about new management practices, tools, and strategies they can use to accelerate corporate renewal.

Assessments: We provide executive teams and boards with an objective evaluation of disruption threats and opportunities as well as their organization’s innovation capability. The latter is impacted by leadership style, culture, organizational structure, systems, processes and practices. The result of the assessment is a report detailing strengths, weaknesses, risks, and improvement opportunities. We also look at obstacles to change.

Developing a post-industrial vision: Exponential technologies are reshaping the world and tomorrow will not be slightly modified version of today. A different set of assumptions will underlie success  – firms will function very differently and their external environment will change dramatically.  We can support the management team in the development of a post-industrial vision, one which recognizes the need to operate today’s businesses while rapidly building tomorrow’s.

Transformation: The real work is in the implementation. This where many organizations get bogged down. We provide a framework for attracting innovators, identifying impactful technologies, mapping industry opportunities, and developing a portfolio of disruptive ventures. This does not interfere with other initiatives to inject technology to improve existing businesses, and it directly addresses the need to build new, high-potential revenue sources.

Monitoring: We provide ongoing support to navigate industry disruption threats and opportunities. This can include evaluation of exponential technologies, policy challenges, innovation system performance, and M&A due diligence.

Contact us to learn more

Frode L. Odegard, CEO
Phone: (650) 830-0430 ext. 501