Last fall we collaborated with the Economist Intelligence Unit to look at how companies around the world are responding to the rapidly increasing pace of change in business. While I touched on some of the early quantitative results in a post for The Business Insider in September, the Economist researchers recently released some compelling qualitative data that shines a light on the ways organizations are tackling operational responsiveness.
A few key points caught my attention:
“Companies need leaders who are tolerant of ambiguity and who can make others feel comfortable about that. They have to instill confidence in their teams that they are making the right decisions, even though it’s not clear how the future will evolve.” – Lowell Bryan, McKinsey
“One of the most powerful sources of information about emerging adaptive opportunities and pressures lies at the frontline. Employees who interact with customers are always the first to get the clues and early warning signs about new sources of opportunity or competition.”
– Ronald Heifetz, co-founder of the Center for Public Leadership at Harvard University’s John F. Kennedy School of Government
“Most people have a bias towards the status quo, so when they are faced with a disruptive opportunity or threat, they see it as a virus they want to kill.”
- Hal Gregersen of INSEAD
“Setting up a separate unit with its own P&L and management allows that unit to focus on the breakthrough disruptive change, while the old unit can be shrunk down and moved to a space in which it can survive.”
I encourage you to take a look at the Economist Intelligence Unit’s full report, Game Changer to hear more from these leaders and explore how you can affect change, stay ahead of competition and drive your bottom line.
And for those of you interested in more on the quantitative data, check out this infographic:
View all posts from John Bates on the Progress blog. Connect with us about all things application development and deployment, data integration and digital business.
Let our experts teach you how to use Sitefinity's best-in-class features to deliver compelling digital experiences.Learn More
Subscribe to get all the news, info and tutorials you need to build better business apps and sites
You can also ask us not to share your Personal Information to third parties here: Do Not Sell or Share My Info
We see that you have already chosen to receive marketing materials from us. If you wish to change this at any time you may do so by clicking here.
Thank you for your continued interest in Progress. Based on either your previous activity on our websites or our ongoing relationship, we will keep you updated on our products, solutions, services, company news and events. If you decide that you want to be removed from our mailing lists at any time, you can change your contact preferences by clicking here.