Michael Tushman and Charles O’Reilly discuss the concept of ambidexterity, balancing core and explore strategies for organizational renewal. Explore challenges like cultural alignment, structural setups, and the role of leadership in managing this paradox. Learn actionable strategies to foster collaboration and purpose in your teams.
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
This episode of the Corporate Explorer series focuses on developing compelling value propositions through the use of ‘value flows’ and ‘design criteria maps’, as explained by guest George Glackin.