In this week’s Thursday Thought, we explore the importance of building capabilities proactively to help businesses navigate disruption and remain competitive. Through insights from Clayton Christensen and Stan Deetz, along with the lessons of the Spartan Warrior Mantra, we emphasize the value of ‘sweating in times of peace’ to avoid future crises. Featuring examples like Toyota’s long-term vision and strategies for strengthening core competencies, this episode offers actionable insights for leaders to prepare their organizations for the future.
Ever wondered how companies can leverage partnerships to drive innovation and deliver new value propositions to their customers? In this episode, we explore the art and science of corporate innovation ecosystems with Christine Griffin, a renowned expert in the field.
Christine unveils a powerful six-step process for crafting a winning ecosystem playbook. We delve into a compelling case study – Best Buy’s strategic shift from retail giant to home health services leader – to illustrate the power of this approach.
Discover how Best Buy leveraged acquisitions and partnerships to become a key player in the home health market. Learn the importance of understanding value creation, identifying market turning points, and mapping the ecosystem landscape. We’ll also explore how to assess financial flows, build a robust scaling path, and develop the capabilities needed for success.
This episode is a must-listen for corporate explorers and innovation leaders seeking to:
Develop successful partnerships
Drive co-innovation for customer value
Navigate the complexities of business ecosystems