Discover the key to successful innovation. Join Tony Ulwick, author of the Jobs To Be Done Canvas, as he shares how to define markets, uncover customer needs, and develop winning products. Learn the power of focusing on job execution and get inspired to create impactful solutions.
Dive into the heart of innovation, strategy, and reinvention with our latest episode on Mike Beer’s ‘Fit to Compete.’ Uncover the silent killers of strategy execution and how to overcome them, featuring insights from leaders and case studies like Hewlett Packard. Perfect for leaders, innovators, and anyone looking to transform their organizational culture for strategic success. Tune in to transform challenges into victories with actionable insights
Join us in ‘Fit to Compete, Part 2’ where Michael Beer, the renowned expert in corporate strategy, delves into the crucial elements of business innovation and transformation. This episode offers insightful discussions on strategic fitness, the power of honest conversations, and the roles of leadership and culture in driving organizational change. Featuring a case study on Becton Dickinson, Mike highlights the essentiality of aligning strategy with internal communication for corporate success. Perfect for professionals and leaders seeking guidance in the dynamic world of business.”
Main topics with timestamps:
- Strategic Fitness Process – [00:00:00]
- Long-Term Investment Challenges – [00:13:00]
- Impact of Company Culture and Leadership – [00:30:00]
- Role of Succession Planning – [00:43:00]
- Becton Dickinson Case Study – [00:51:00]
- Transformative Leadership and Values – [00:57:00]
- Innovation in Corporate Strategy – [01:03:00]
- Conclusion and Key Takeaways – [01:10:00]
Articles mentioned in the episode: The Great Training Robbery https://www.hbs.edu/ris/Publication%20Files/16-121_bc0f03ce-27de-4479-a90e-9d78b8da7b67.pdf
Find Mike Beer: https://www.beermichael.com
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Fit to Compete – Why Honest Conversations about Your Companyâs Capabilities Are the Key to a Winning Strategy
In part 1, we set the context for the book and discuss:
- Mike’s background and inspiration for the book.
- The problem of organisational silence and how it hinders strategic execution and transformation
- The concept of strategic fitness and how it helps organizations align their strategy and culture
- The process and benefits of holding honest conversations with everyone in the organization
- The challenges and barriers of overcoming the silent killers, such as fear, hierarchy, and complacency
- The vision and courage to create a culture of corporate stewardship and continuous learning.
Find Mike here:
https://www.beermichael.com
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Hunting Zones with Andrew Binns
Brought to you by Wazoku, the Corporate Explorer series is designed to uncover the depth of insight and experience within corporations, beyond management gurus and academics.
đ Episode Description: Join Andrew Binns in this insightful episode of “Hunting Zones,” where he explores the world of Corporate Explorersâinnovative leaders who embark on the challenging journey of building new ventures within established organizations. In this episode, we delve into the crucial aspects of inspiring and guiding aspiring Corporate Explorers, offering actionable insights for success.
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Finding Inspiration: Discover where aspiring Corporate Explorers should seek inspiration and how to ignite the passion to solve customer problems within established organizations.
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Guidance for Stepping Forward: Explore valuable guidance for encouraging Corporate Explorers to step forward and take on the challenge of building new ventures.
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Increasing Proposal Quality: Learn effective strategies to increase the odds of generating high-quality proposals that align with business strategy and attract senior sponsors’ support.
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Getting Started: Uncover practical tips on how to get started on the challenging road of corporate innovation and guide the energy of budding innovators toward lucrative market opportunities.
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Hunting Zones Defined: Understand the concept of “hunting zones” as defined by Andrew Binss, which provide boundaries to innovative impulses, helping generate ideas in line with business strategy and more likely to attract investment.
đŻ Bounded Diversity Approach: Explore the concept of “bounded diversity” as a powerful approach to ideation within corporations. Learn how defining boundaries, or hunting zones, facilitates a free range of ideas, ensuring a strong connection to the business strategy and creating a win-win situation for idea generators and investors.
đ Case Study: Nvidia’s Success Story: Delve into the success story of Nvidia, led by CEO Jensen Huang. Learn how the company shifted into new market areas, building a software ecosystem alongside its traditional semiconductor business. Discover how Huang strategically defined hunting zones in gaming, autonomous vehicles, enterprise computing, and scientific computing, guiding his team towards innovative solutions and significant growth.
Tune in to “Hunting Zones with Andrew Binns” for a captivating exploration of corporate innovation, insightful strategies, and real-world success stories. Whether you’re an aspiring Corporate Explorer or a business enthusiast, this episode offers valuable perspectives on navigating the dynamic landscape of corporate ventures. đ§â¨
Wazoku helps large organizations create effective, sustainable innovation ecosystems that accelerate efficiency gains and new value growth. It does this through intelligent enterprise software that connects and harnesses the power of employees, suppliers, start-ups, universities, and the unique Wazoku Crowd of 700,000+ global Problem Solvers.
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Wazoku calls this ‘connected collective intelligence’
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Find Wazoku at www.Wazoku.com
Join us as Paolo Gallo introduces “The Seven Games of Leadership,” a groundbreaking guide that invites listeners to reassess their priorities both professionally and personally. This episode is not about climbing the corporate ladder; it’s about finding genuine satisfaction in what you do and making a positive impact on the world.
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Welcome to part 2 of the Corporate Explorer series.
In this episode, titled “Strategy Manifestos,” join Andrew Binns as he delves into corporate exploration, sharing insights from the Corporate Explorer Fieldbook.
Brought to you by Wazoku, the Corporate Explorer series is designed to uncover the depth of insight and experience within corporations, beyond the realm of management gurus and academics. In May 2022, Andy attended a conference at Bosch that sparked the inspiration for this episode, revealing the wealth of knowledge within corporations about corporate exploration.
The episode kicks off with a discussion on turning high-level corporate statements into empowering Strategy Manifestos. Co-authored by long-time client Andreas Brandstetter, Chapter 1 explores the crucial role of manifestos in aligning senior leaders on strategic ambitions and communicating these ambitions effectively.
Andy shares personal experiences as a corporate explorer, emphasizing the importance of a clear strategy. The Strategy Manifesto, while not a replacement for detailed strategy plans, makes explicit the company’s strategic choices and provides the rationale for those decisions.
Discover the key element of the manifesto â portfolio allocation. Learn how companies can change their approach to R&D investment to focus on cross-business priorities, including areas of withdrawal or deliberate non-entry.
Moving on to the execution of the manifesto, Andy outlines five steps: developing a point of view, assembling facts and perspectives, drafting and iterating, addressing disagreements, and adapting for different audiences.
The episode concludes with five powerful approaches for corporate explorers to trigger change within their organizations. From outside-in exploration to cultivating sponsors, each approach requires time and commitment but holds the potential to create bottom-up pressure that shifts action at the top.
Tune in to “Strategy Manifestos” by Andrew Binns, part of the Corporate Explorer series sponsored by Wazoku, and gain actionable insights into driving innovation and strategy within your organization. Don’t miss this opportunity to explore the uncharted territories of corporate excellence!
For those interested in Wazoku, find Wazoku at www.wazoku.com
Pivot to the Future is for leaders who seek to turn the existential threats of today and tomorrow into sustainable growth, with the courage to understand that a wise pivot strategy is not a one-time event but a commitment to a future of perpetual reinvention, where one pivot is followed by the next and the next.
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Based on Accenture’s own experience of reinventing itself in the face of disruption, the company’s real-world client work, and a rigorous two-year study of thousands of businesses across 30 industries, Pivot to the Future reveals methodical and bold moves for finding and releasing new sources of trapped value-unlocked by bridging the gap between what is technologically possible and how technologies are being used. The freed value enables companies to reinvent their legacy and current and new businesses simultaneously.
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00:00:00.256 Harnessing Disruption: A Strategy for Future Relevance
00:03:08.439 Extending the Horizons: Balancing Old, Now, and New Businesses
00:11:22.493 The importance of a visionary CEO and leadership team
00:15:16.543 Majority of profits go to reinforcing existing businesses
00:19:15.760 Old trees provide shade and protection for the next generation
00:21:06.756 Conventional Wisdom vs. New Wisdom: Exiting vs. Exploiting Old Businesses
00:28:00.496 The Fallacy of Cash Cows in Rapidly Changing Markets
00:31:49.016 The Challenges of Electric Cars and Hybrid Technology
00:43:01.017 The Trapped Value Gap: Turning Disruption into Opportunity
00:47:41.371 Societal Value: How Society Benefits from Digital Transformation
00:49:00.914 The Evolution of Customer Segments and Channels
In keeping with the metaphor of astronomyâs Big Bang theory, Paul named the four stages of the shark fin after critical events in the creation and predicted the end of our known universe. Letâs get into the four stages: The Singularity, The Big Bang, The Big Crunch and Entropy. Paul unpacks the rules that prop up these four stages.
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00:00:00.769 Introduction and Overview of “Four Phases of Big Bang Disruption”
00:03:14.786 Importance of Truth Tellers and Pinpoint Market Entry
00:11:11.771 From Idea to Product: Rapid Sales Success
00:15:34.394 The Importance of Being First in a Competitive Market
00:17:00.996 The concept of bullet time in movies explained
00:19:11.133 The need to anticipate how incumbents will slow time
00:20:34.611 The Strategic Thinking in Chess and Business
00:30:44.407 Recognizing Industry Shifts: The iPod and Toshiba Hard Drive
00:35:05.831 Phillips’ Transition to LED Bulbs and Exiting the Lighting Business
00:38:39.902 Profiting from the Wreckage: Escape Your Own Black Hole
00:41:02.475 The challenges of transitioning and maintaining customer commitments
00:44:31.607 Moving on from the past and finding new opportunities
[TLDR: Adaptability in the face of change is paramount for leaders seeking long-term success. Yet, a cognitive bias known as “target fixation” can inadvertently obstruct the ability of business leaders to spot crucial signals of necessaryâeven lifesavingâchange in the business environment.]