Join Peter Compo as he explores ‘The Emergent Approach to Strategy,’ revealing how adaptive systems can drive creativity and innovation. Through examples like Henry Ford’s automotive revolution and Elon Musk’s electric cars, this episode highlights how small, disciplined actions can lead to transformative industry changes. Discover the balance between structure and free thinking, and learn why staying connected to operational details is crucial for strategic success.
Peter Compo, author of ‘The Emergent Approach to Strategy,’ discusses the chronic failures in strategic planning and how his new book aims to redefine strategy through the lens of complex adaptive systems.
To truly profit from disruption, an enterprise must be prepared to manage increasingly short windows of profitability, scaling up rapidly as customers embrace the new all at once, then scaling down nearly as fast when demand declines. Paul Nunes is the global managing director for thought leadership at Accenture Research. He leads the company in developing ground-breaking insights into technology and strategic business change. He is co-author of three books, Big Bang Disruption: Strategy in the Age of Devastating Innovation, Jumping the S-Curve: How to Beat the Growth Cycle, Get on Top, and Stay There, and Mass Affluence: 7 New Rules of Marketing to Today’s Consumers. It has been an absolute pleasure learning from him.
00:00:00.256 Introduction and Overview of the Series Finale
00:11:25.254 Creating a Company that Values Innovators
00:16:20.936 Balancing Wall Street Expectations and Innovation Goals
00:18:31.172 Jeff Bezos’ Approach to Investor Relations
00:21:14.030 Managing Wall Street vs Managing to Wall Street
00:22:46.440 Effective Communication and Leadership in Challenging Times
00:32:40.338 Predicting Heart Attacks and Improving Sleep Patterns
00:36:12.004 The Profound Importance of Cell Phones
00:40:47.441 Companies Breaking New Ground through Strategies and Resource Allocation
00:45:35.337 Jio’s success in leveraging 4G technology
00:48:06.392 Final thoughts
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.
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.
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 astronomy’s 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. Let’s 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.
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
We continue our series with Paul Nunes. This is part 2 of Big Bang Disruption, where we dive into the Shark Fin and look at Nintendo, Regulation, Pinball and more.
We have entered a fourth stage of innovation— the era of Big Bang Disruption. The new disrupters attack existing markets not just from the top, bottom, and sides but from all three at once. This isn’t disruptive innovation. It’s devastating innovation.
Paul Nunes has found that what matters is not just climbing your current S-curve, which is what you do to reach the top of a single successful business. Instead, he emphasises the equal importance of the moves you must make to your next business: making the jump to your future S-curve.
Paul Nunes has found that what matters is not just climbing your current S-curve, which is what you do to reach the top of a single successful business. Instead, he emphasises the equal importance of the moves you must make to your next business: making the jump to your future S-curve.
Today’s book shows, through empirical analysis and the experiences of dozens of companies that have successfully made multiple big moves, that to dramatically improve performance, you have to overcome incrementalism and corporate inertia.
We welcome Chairman of the McKinsey Global Institute and Author of “Strategy beyond the hockey Stick” Sven Smit