- The document discusses the results of a global survey of 614 board professionals from 50 countries on how corporate boards are addressing radical innovation and its role in company growth.
- While boards are taking on responsibility for overseeing radical innovation efforts like Division-X units, the survey finds many boards lack understanding of innovation, talent to develop new revenue streams, and risk tolerance for failures.
- Only 22% of respondents have a Division-X unit focused on new products and services, and growth expectations for the next 24 months average only 5-10%, despite increasing competitive threats from disruptive startups.
Etude PwC "20ème édition de la CEO Survey" - Janvier 2017PwC France
Quelles sont les préoccupations des dirigeants en 2017 ?
Cette année, plus de 1300 dirigeants du monde entier ont témoigné de leur confiance en l’avenir, leur priorités stratégiques.
Recherche de talents et des futurs leaders de demain, stratégies de développement, poids de la technologie et son impact sur la confiance en l’entreprise, dynamiques opposées de mondialisation et de nationalismes impactent le quotidien des dirigeants. Quel regard portent-ils sur leur environnement ?
http://pwc.to/2k0a12Q
***************************************************************
For the last two decades, PwC has asked business leaders everywhere about the trends reshaping business and society. As we mark the 20th year of our annual CEO survey, we’ve observed just how much the world has changed.
Etude PwC CEO Survey Talent "People Strategy for the Digital Age" (juillet 2015)PwC France
Dans son étude « People strategy for the digital age : A new take on talent » menée à l’échelle mondiale, le cabinet d’audit et de conseil PwC constate que, dans un contexte de concurrence mondiale accrue, les entreprises ont désormais besoin de compétences plus diversifiées pour rester compétitives : 73% des dirigeants voient la pénurie des compétences comme une menace sérieuse à la poursuite de leur activité (contre seulement 46% en 2009).
Une des réponses consiste à mettre en place une stratégie de diversification des talents. Pour aller plus loin, les entreprises doivent également se tourner vers l’exploitation et l’analyse des données qu’elles collectent.
Product Management in London - A Recruiters view...Will Boulton
This document discusses career options and considerations for product managers. It outlines three main career paths: joining a startup, working on a digital transformation program, or working for a product-centric organization. For each path, it identifies potential opportunities but also risks and important questions to ask to ensure it is a good fit for strengthening one's experience as a product manager.
This newsletter provides updates on performance, governance, risk and compliance issues. It discusses the importance of innovation but also managing the risks of innovation. It outlines 5 rules for managing innovation risk: 1) Understand customer needs, 2) Develop a risk/return model, 3) Recognize model limitations, 4) Expect unknowns, 5) Consider infrastructure needs. It also discusses emerging strategic risks around people and culture enabling resilience against disruptors.
The document discusses challenges faced by family businesses in transitioning from one generation to the next. It summarizes findings from PwC surveys on this topic. There is often a significant "generation gap" between current leadership and the next generation taking over, made worse by today's rapid pace of change. While many next generations have ambitions to change and grow the business, they face credibility gaps in proving themselves. The survey highlights gaps in communication, succession planning, and preparing the next generation for leadership roles.
2015 q2 McKinsey quarterly - Thriving at scaleAhmed Al Bilal
This document is the table of contents for the 2015 Quarter 2 issue of the McKinsey Quarterly. It lists the titles and authors of articles on topics like innovation, R&D productivity, global operations, human resources, digital engagement, and supply chain agility. There are also industry briefs on banking, consumer products, semiconductors, and private equity. The issue aims to provide inspiration for embracing the challenges of scale in large companies.
Etude PwC "20ème édition de la CEO Survey" - Janvier 2017PwC France
Quelles sont les préoccupations des dirigeants en 2017 ?
Cette année, plus de 1300 dirigeants du monde entier ont témoigné de leur confiance en l’avenir, leur priorités stratégiques.
Recherche de talents et des futurs leaders de demain, stratégies de développement, poids de la technologie et son impact sur la confiance en l’entreprise, dynamiques opposées de mondialisation et de nationalismes impactent le quotidien des dirigeants. Quel regard portent-ils sur leur environnement ?
http://pwc.to/2k0a12Q
***************************************************************
For the last two decades, PwC has asked business leaders everywhere about the trends reshaping business and society. As we mark the 20th year of our annual CEO survey, we’ve observed just how much the world has changed.
Etude PwC CEO Survey Talent "People Strategy for the Digital Age" (juillet 2015)PwC France
Dans son étude « People strategy for the digital age : A new take on talent » menée à l’échelle mondiale, le cabinet d’audit et de conseil PwC constate que, dans un contexte de concurrence mondiale accrue, les entreprises ont désormais besoin de compétences plus diversifiées pour rester compétitives : 73% des dirigeants voient la pénurie des compétences comme une menace sérieuse à la poursuite de leur activité (contre seulement 46% en 2009).
Une des réponses consiste à mettre en place une stratégie de diversification des talents. Pour aller plus loin, les entreprises doivent également se tourner vers l’exploitation et l’analyse des données qu’elles collectent.
Product Management in London - A Recruiters view...Will Boulton
This document discusses career options and considerations for product managers. It outlines three main career paths: joining a startup, working on a digital transformation program, or working for a product-centric organization. For each path, it identifies potential opportunities but also risks and important questions to ask to ensure it is a good fit for strengthening one's experience as a product manager.
This newsletter provides updates on performance, governance, risk and compliance issues. It discusses the importance of innovation but also managing the risks of innovation. It outlines 5 rules for managing innovation risk: 1) Understand customer needs, 2) Develop a risk/return model, 3) Recognize model limitations, 4) Expect unknowns, 5) Consider infrastructure needs. It also discusses emerging strategic risks around people and culture enabling resilience against disruptors.
The document discusses challenges faced by family businesses in transitioning from one generation to the next. It summarizes findings from PwC surveys on this topic. There is often a significant "generation gap" between current leadership and the next generation taking over, made worse by today's rapid pace of change. While many next generations have ambitions to change and grow the business, they face credibility gaps in proving themselves. The survey highlights gaps in communication, succession planning, and preparing the next generation for leadership roles.
2015 q2 McKinsey quarterly - Thriving at scaleAhmed Al Bilal
This document is the table of contents for the 2015 Quarter 2 issue of the McKinsey Quarterly. It lists the titles and authors of articles on topics like innovation, R&D productivity, global operations, human resources, digital engagement, and supply chain agility. There are also industry briefs on banking, consumer products, semiconductors, and private equity. The issue aims to provide inspiration for embracing the challenges of scale in large companies.
Human Capital Growth Webinar: Digital leadership growing leaders for the digi...Human Capital Growth
Leadership for the Digital Age: Framework and Capabilities, Growing Leaders who Thrive in the Digital Age
http://www.humancapitalgrowth.com/growing-leaders-who-thrive-in-the-digital-age.html
Developing people in a time of digital disruptionJuan Chamorro
La Dra. Jennifer Jordan, Profesora de Liderazgo y Comportamiento Organizacional en la escuela IMD, describe en este artículo las oportunidades y los desafíos que presenta la gestión de personas en la era digital.
El artículo completo, en el que participan Anouk Lavoie Orlick, Lindsay McTeague y Pascal Wicht (fundador de Whispers & Giants), puede leerse en el siguiente enlace:
https://lnkd.in/erbMTiJ
Rasgos y perfiles de los profesionales, enfoques ágiles basados en la tecnología y los comportamientos de algunas de las audiencias de una organización, forman parte del completo análisis reflejado en este artículo. Resulta de interés, por ejemplo, la actitud de los millennials hacia la tecnología, con una relación de afinidad natural con herramientas basadas en la nube, el móvil, o su consideración de la IT corporativa como poco intuitiva y compleja. A medida que se implantan nuevos sistemas , se debe recordar a los Millennials la necesidad de mantener la confidencialidad de los datos, ya que sus conceptos de privacidad difieren de los de las generaciones anteriores.
Burson-Marsteller, in partnership with Penn Schoen Berland (PSB), interviewed business decision-makers about the value and challenges of various platforms – specifically conferences and events, corporate awards and rankings, and digital and social channels. Our research sought to identify which platforms are most relevant today, and which emerging platforms companies are gravitating toward to reach and influence stakeholders in the future.
From 'Being Digital' to Becoming a 'Digital Being'Cognizant
While it’s true that digital transformation requires strong top-down leadership and impeccable technical skills, high-performing organizations must also go one step further: They need to acquire, nurture and retain the talent necessary to lead the charge.
(via Dr. Holger Schmidt)
Defensive Digitalisierer
Digitale Transformation dient überwiegend der kurzfristigen Produktivitätssteigerung, aber immer noch (zu) wenig für Innovationen und Entwicklung neuer Geschäftsmodelle, zeigt eine aktuelle Deloitte-Umfrage unter 361 großen Industrieunternehmen. Dabei mangelt es weder am Investitionswillen noch am Geld, denn durchschnittlich fließen 30 Prozent des IT-Budgets in Digitalisierungsprojekte. Dagegen werden aber nur 11 Prozent des Innovationsbudgets für Digitalprojekte eingesetzt.
94 Prozent der Befragten sehen den digitalen Wandel als eines der wichtigsten strategischen Ziele ihrer Organisation. Das bedeutet aber noch nicht, dass sie die strategischen Möglichkeiten vollständig ausloten. Tatsächlich sehen 68 Prozent die Transformation lediglich als Mittel, um die Rentabilität zu steigern. Investitionen in digitale Technologien haben primär das Ziel, das Gleiche zu tun wie bisher, nur eben besser oder effizienter.
Auf diese Weise lassen sich keine dauerhaften Wettbewerbsvorteile erschließen. Denn die vielleicht wichtigste Erkenntnis der vergangenen 20 Jahre digitaler Transformation lautet: Nur die Unternehmen, die erfolgreich digitale Geschäftsmodelle etabliert haben, erobern neue Märkte und setzen sich von der Konkurrenz ab.
Innovation and digital disruption in professional servicesTapmint
This is a presentation for http://tapmint.com which I gave internally at one of the world's largest professional services firms. It discusses digital disruption in financial services, professional services and accounting services.
Various models of corporate innovation are also highlighted. Case studies of 3 companies are provided - Suncorp Group, Sensis and Carsales. Finally, I provide some thoughts on implementation.
This document summarizes the contents of Issue 01 2016 of the Odgers Berndtson Global Magazine. The magazine focuses on the theme of human capital and features articles on diversity, digital transformation, authentic leadership, high performance cultures, and succession planning from a global perspective. It includes an interview between the heads of HR at Dow Chemical and Odgers Berndtson USA and articles on topics such as wearable technology, unconventional recruitment needs, and boardroom diversity.
Trillion-dollar_difference_FOW_report(FINAL)Tania Lennon
This document discusses a study by Korn Ferry that quantifies the value of human capital versus physical capital globally and for several countries. The key findings are:
1) Human capital represents a potential value of $1,215 trillion globally, which is 2.33 times greater than the value of physical capital ($521 trillion).
2) For every $1 invested in human capital, $11.39 is added to GDP, indicating human capital generates significantly more value than the cost to acquire it.
3) However, the study found that CEOs perceive technology will create more future value than human capital and are more focused on technology than realizing the potential of their workforce.
4) This perception creates a
New leadership in the digital age: Chief Digital Officer, Community Managers and Change Agents and Activists. Based on data from recent digital workplace survey by Jane McConnell.
Quels dirigeants pour répondre aux défis de la transformation numérique ?
C’est désormais la direction générale qui doit avoir une vue claire des enjeux de la transformation numérique, ses modalités et ses conséquences pour prendre les décisions pertinentes. Cela implique une évolution majeure de leurs compétences, de leur vision même de la gouvernance de l’entreprise mais aussi de leur manière de décider.
Kienbaum a mené une étude auprès de plus de 100 dirigeants français issus d’industries différentes pour évaluer transversalement les nouveaux critères prévalant dans la recherche de dirigeants à l’heure de la transformation numérique.
Première conclusion : Le digital est un challenge avant tout humain. A l’ère de la transformation digitale, le bagage académique et le parcours professionnel comptent moins qu’un certain nombre de qualités « entrepreneuriales », notamment dans la prise de décision. Les critères qui désormais arrivent en premier rang sont nettement d’ordre comportemental et relèvent du capital humain. Le dirigeant à l’ère digitale présente des qualités spécifiques : « Preneur de risque, audacieux », « orienté client », « Ouvert, à l’écoute, humble et auto-apprenant », « Personnalité inspirante et fédératrice »
Le digital et l’innovation touchant directement au business model de l’entreprise, il y a un appel et une nécessité claire d’une volonté infaillible au plus haut niveau de l’entreprise.
Deuxième conclusion : Le changement est au cœur de la transformation digitale. C’est pourquoi les profils recherchés sont avant tout des profils vecteurs de changement. L’initiation, l’accompagnement et l’itération du changement sont les vrais moteurs en termes de discipline de cette transition/révolution numérique.
Troisième conclusion : Les compétences techniques ne sont pas premières. Les compétences ou traits de leadership primordiaux dans cet environnement de changement appartiennent plutôt à la famille des "soft skills" ou aptitudes interpersonnelles.
Quatrième conclusion : émergence d’un « leadership digital ». En phase avec ce que pense le marché aujourd’hui et ce qu’il attendra de ses leaders dans un avenir proche, Kienbaum a dégagé 4 dimensions de leadership qui semblent régir les enjeux des entreprises et des CEO dans ce nouveau paradigme digital.
Si les premières dimensions « réflexion stratégique & exécution » et « leadership & vision » sont les fondamentaux d’hier et d’aujourd’hui du profil type du leader recherché, l’association des dimensions « orientation humaine » et « conscience de soi & remise en cause » au même niveau de considération et d’impératif représentent une évolution qui redéfinit les exigences et attentes au plus haut niveau.
Ces conclusions réorientent de manière significative la recherche des leaders d’entreprise de demain.
A hedge fund just bought 5 percent of your company. The fund partners clearly see value in what you’re doing, and, as a member of the management team, you take heart in that assessment. But you also know life is about to get more difficult. The fund partners are well-known activists. They have already asked for board seats. Now they’re proposing some dramatic strategic and financial changes, confidently assuring you and your shareholders that these moves will drive the company’s stock price higher. If you don’t comply and boost margins in a timely fashion, they will quickly bring in a management team that will.
For many company leaders, this is not a scary hypothetical — it is reality. It may also be an opportunity. In any case, activist shareholder campaigns are proliferating. According to the journal Activist Insight, 300 companies around the world were publicly targeted by activist investors between January and June 2015, about 25 percent more than in the same months the previous year. Since 2013, hedge fund managers have demanded change at hundreds of companies. The most widely publicized have included Apple, DuPont, General Motors, Microsoft, PepsiCo, Sony, Sotheby’s, and Yahoo.
One reason activism is growing is the rich rewards it earns for investors. On average, hedge funds with an activist approach have outperformed most other types of investment funds since 2010. The data analysis firm Hedge Fund Research reported recently that activist funds returned 12.5 percent a year between August 2012 and August 2015, while other funds, on average, earned returns in the single digits. No wonder investors increasingly demand activist funds in their portfolios, while the managers of those funds search diligently for new targets. No one can assume his or her company is immune.
We've distilled 10 principles for cost transformation that can help companies play the role of gadfly investor for themselves.
Enterprise Digital Transformation Survey report 2015Copperberg
The survey report provides insights into perceptions of digital transformation among leaders in Europe's private and public sectors. Some key findings:
- Most organizations have started their digital transformation journey, with 44% applying new technologies and 20% moving to data-driven decisions.
- 15% see themselves as fully digital, while only 6% consider themselves non-digital. Maturity varies by sector and business model.
- Over 85% see opportunities to positively impact customer experience, operations, and business models through digital transformation.
- Common capabilities being used or planned include digital marketing, mobility, analytics, customer intelligence, and collaborative tools.
The document summarizes strategies for companies to navigate the age of digital disruption. It includes interviews with experts on how companies can anticipate disruptions, identify truly disruptive startups, and respond effectively. Rita McGrath advises companies to pay attention to customer pain points that startups are addressing. She says most disruptions happen gradually over time, so companies need to look beyond just current performance and consider leading indicators. The failure of print media to foresee digital disruption is provided as an example of an industry overly focused on short-term operational issues instead of future trends.
Digital transformation review_7 - dtr 7 - capgemini consultingRick Bouter
The document summarizes strategies for companies to navigate the age of digital disruption. It includes interviews with experts on the topic.
Rita McGrath of Columbia Business School says that companies should pay attention to where startups are addressing customer pain points to identify potentially disruptive technologies early. She notes most disruptions happen gradually over time. Companies also need to look beyond just lagging financial indicators and consider leading indicators of potential future issues.
The document discusses how traditional industries like media failed to anticipate digital disruption because they focused too much on short-term operational issues instead of the future impact of new technologies.
Overall the experts provide advice on how companies can better understand emerging disruptions and collaborate with startups to help steer
Disruption in the mid-market: How technology is fueling growth (infographic)Deloitte United States
Our latest survey of technology trends in the middle market demonstrates how technological innovation is driving transformative change within this critical segment of the American economy. For more information, please visit: http://www2.deloitte.com/us/en/pages/deloitte-growth-enterprise-services/articles/disruption-in-the-mid-market-how-technology-is-fueling-growth.html.
Continuous Improvement thruogh Knowledge Management, Social Learning and Coll...Andrew Muras, PMP
The document discusses how collaboration, social learning, and knowledge management can help businesses continuously improve. It notes that the world of work is changing as these techniques become more integrated. Communities and expertise location are presented as ways to address knowledge challenges and enable business process improvements. Specifically, communities allow employees to solve problems and learn through groups. Expertise location ensures businesses can quickly find internal experts. Knowledge continuity and communities with success stories are provided as examples of effective approaches.
The document summarizes the key findings of Deloitte's 2017 Global Human Capital Trends report, which surveyed over 10,000 business and HR leaders worldwide. It found that organizations face radically changing contexts for the workforce due to digital disruption. Ten human capital trends were identified as most important, including the organization of the future, careers and learning, and the future of work with an augmented workforce. While HR capabilities were rated as adequate overall, the report calls for HR to help close gaps between changing technology, individuals, businesses and public policy.
La oración pide a Dios que le dé vida abundante al niño, para que crezca sano y con un cuerpo vigoroso gracias a la buena naturaleza, y para que desde lo que Dios le da gratuitamente, aprenda a estimar y proteger a los más débiles.
Este documento contiene los calendarios mensuales de enero a diciembre de 2013. Cada página muestra el mes correspondiente con los días de la semana y fechas señaladas como cumpleaños y días festivos.
Human Capital Growth Webinar: Digital leadership growing leaders for the digi...Human Capital Growth
Leadership for the Digital Age: Framework and Capabilities, Growing Leaders who Thrive in the Digital Age
http://www.humancapitalgrowth.com/growing-leaders-who-thrive-in-the-digital-age.html
Developing people in a time of digital disruptionJuan Chamorro
La Dra. Jennifer Jordan, Profesora de Liderazgo y Comportamiento Organizacional en la escuela IMD, describe en este artículo las oportunidades y los desafíos que presenta la gestión de personas en la era digital.
El artículo completo, en el que participan Anouk Lavoie Orlick, Lindsay McTeague y Pascal Wicht (fundador de Whispers & Giants), puede leerse en el siguiente enlace:
https://lnkd.in/erbMTiJ
Rasgos y perfiles de los profesionales, enfoques ágiles basados en la tecnología y los comportamientos de algunas de las audiencias de una organización, forman parte del completo análisis reflejado en este artículo. Resulta de interés, por ejemplo, la actitud de los millennials hacia la tecnología, con una relación de afinidad natural con herramientas basadas en la nube, el móvil, o su consideración de la IT corporativa como poco intuitiva y compleja. A medida que se implantan nuevos sistemas , se debe recordar a los Millennials la necesidad de mantener la confidencialidad de los datos, ya que sus conceptos de privacidad difieren de los de las generaciones anteriores.
Burson-Marsteller, in partnership with Penn Schoen Berland (PSB), interviewed business decision-makers about the value and challenges of various platforms – specifically conferences and events, corporate awards and rankings, and digital and social channels. Our research sought to identify which platforms are most relevant today, and which emerging platforms companies are gravitating toward to reach and influence stakeholders in the future.
From 'Being Digital' to Becoming a 'Digital Being'Cognizant
While it’s true that digital transformation requires strong top-down leadership and impeccable technical skills, high-performing organizations must also go one step further: They need to acquire, nurture and retain the talent necessary to lead the charge.
(via Dr. Holger Schmidt)
Defensive Digitalisierer
Digitale Transformation dient überwiegend der kurzfristigen Produktivitätssteigerung, aber immer noch (zu) wenig für Innovationen und Entwicklung neuer Geschäftsmodelle, zeigt eine aktuelle Deloitte-Umfrage unter 361 großen Industrieunternehmen. Dabei mangelt es weder am Investitionswillen noch am Geld, denn durchschnittlich fließen 30 Prozent des IT-Budgets in Digitalisierungsprojekte. Dagegen werden aber nur 11 Prozent des Innovationsbudgets für Digitalprojekte eingesetzt.
94 Prozent der Befragten sehen den digitalen Wandel als eines der wichtigsten strategischen Ziele ihrer Organisation. Das bedeutet aber noch nicht, dass sie die strategischen Möglichkeiten vollständig ausloten. Tatsächlich sehen 68 Prozent die Transformation lediglich als Mittel, um die Rentabilität zu steigern. Investitionen in digitale Technologien haben primär das Ziel, das Gleiche zu tun wie bisher, nur eben besser oder effizienter.
Auf diese Weise lassen sich keine dauerhaften Wettbewerbsvorteile erschließen. Denn die vielleicht wichtigste Erkenntnis der vergangenen 20 Jahre digitaler Transformation lautet: Nur die Unternehmen, die erfolgreich digitale Geschäftsmodelle etabliert haben, erobern neue Märkte und setzen sich von der Konkurrenz ab.
Innovation and digital disruption in professional servicesTapmint
This is a presentation for http://tapmint.com which I gave internally at one of the world's largest professional services firms. It discusses digital disruption in financial services, professional services and accounting services.
Various models of corporate innovation are also highlighted. Case studies of 3 companies are provided - Suncorp Group, Sensis and Carsales. Finally, I provide some thoughts on implementation.
This document summarizes the contents of Issue 01 2016 of the Odgers Berndtson Global Magazine. The magazine focuses on the theme of human capital and features articles on diversity, digital transformation, authentic leadership, high performance cultures, and succession planning from a global perspective. It includes an interview between the heads of HR at Dow Chemical and Odgers Berndtson USA and articles on topics such as wearable technology, unconventional recruitment needs, and boardroom diversity.
Trillion-dollar_difference_FOW_report(FINAL)Tania Lennon
This document discusses a study by Korn Ferry that quantifies the value of human capital versus physical capital globally and for several countries. The key findings are:
1) Human capital represents a potential value of $1,215 trillion globally, which is 2.33 times greater than the value of physical capital ($521 trillion).
2) For every $1 invested in human capital, $11.39 is added to GDP, indicating human capital generates significantly more value than the cost to acquire it.
3) However, the study found that CEOs perceive technology will create more future value than human capital and are more focused on technology than realizing the potential of their workforce.
4) This perception creates a
New leadership in the digital age: Chief Digital Officer, Community Managers and Change Agents and Activists. Based on data from recent digital workplace survey by Jane McConnell.
Quels dirigeants pour répondre aux défis de la transformation numérique ?
C’est désormais la direction générale qui doit avoir une vue claire des enjeux de la transformation numérique, ses modalités et ses conséquences pour prendre les décisions pertinentes. Cela implique une évolution majeure de leurs compétences, de leur vision même de la gouvernance de l’entreprise mais aussi de leur manière de décider.
Kienbaum a mené une étude auprès de plus de 100 dirigeants français issus d’industries différentes pour évaluer transversalement les nouveaux critères prévalant dans la recherche de dirigeants à l’heure de la transformation numérique.
Première conclusion : Le digital est un challenge avant tout humain. A l’ère de la transformation digitale, le bagage académique et le parcours professionnel comptent moins qu’un certain nombre de qualités « entrepreneuriales », notamment dans la prise de décision. Les critères qui désormais arrivent en premier rang sont nettement d’ordre comportemental et relèvent du capital humain. Le dirigeant à l’ère digitale présente des qualités spécifiques : « Preneur de risque, audacieux », « orienté client », « Ouvert, à l’écoute, humble et auto-apprenant », « Personnalité inspirante et fédératrice »
Le digital et l’innovation touchant directement au business model de l’entreprise, il y a un appel et une nécessité claire d’une volonté infaillible au plus haut niveau de l’entreprise.
Deuxième conclusion : Le changement est au cœur de la transformation digitale. C’est pourquoi les profils recherchés sont avant tout des profils vecteurs de changement. L’initiation, l’accompagnement et l’itération du changement sont les vrais moteurs en termes de discipline de cette transition/révolution numérique.
Troisième conclusion : Les compétences techniques ne sont pas premières. Les compétences ou traits de leadership primordiaux dans cet environnement de changement appartiennent plutôt à la famille des "soft skills" ou aptitudes interpersonnelles.
Quatrième conclusion : émergence d’un « leadership digital ». En phase avec ce que pense le marché aujourd’hui et ce qu’il attendra de ses leaders dans un avenir proche, Kienbaum a dégagé 4 dimensions de leadership qui semblent régir les enjeux des entreprises et des CEO dans ce nouveau paradigme digital.
Si les premières dimensions « réflexion stratégique & exécution » et « leadership & vision » sont les fondamentaux d’hier et d’aujourd’hui du profil type du leader recherché, l’association des dimensions « orientation humaine » et « conscience de soi & remise en cause » au même niveau de considération et d’impératif représentent une évolution qui redéfinit les exigences et attentes au plus haut niveau.
Ces conclusions réorientent de manière significative la recherche des leaders d’entreprise de demain.
A hedge fund just bought 5 percent of your company. The fund partners clearly see value in what you’re doing, and, as a member of the management team, you take heart in that assessment. But you also know life is about to get more difficult. The fund partners are well-known activists. They have already asked for board seats. Now they’re proposing some dramatic strategic and financial changes, confidently assuring you and your shareholders that these moves will drive the company’s stock price higher. If you don’t comply and boost margins in a timely fashion, they will quickly bring in a management team that will.
For many company leaders, this is not a scary hypothetical — it is reality. It may also be an opportunity. In any case, activist shareholder campaigns are proliferating. According to the journal Activist Insight, 300 companies around the world were publicly targeted by activist investors between January and June 2015, about 25 percent more than in the same months the previous year. Since 2013, hedge fund managers have demanded change at hundreds of companies. The most widely publicized have included Apple, DuPont, General Motors, Microsoft, PepsiCo, Sony, Sotheby’s, and Yahoo.
One reason activism is growing is the rich rewards it earns for investors. On average, hedge funds with an activist approach have outperformed most other types of investment funds since 2010. The data analysis firm Hedge Fund Research reported recently that activist funds returned 12.5 percent a year between August 2012 and August 2015, while other funds, on average, earned returns in the single digits. No wonder investors increasingly demand activist funds in their portfolios, while the managers of those funds search diligently for new targets. No one can assume his or her company is immune.
We've distilled 10 principles for cost transformation that can help companies play the role of gadfly investor for themselves.
Enterprise Digital Transformation Survey report 2015Copperberg
The survey report provides insights into perceptions of digital transformation among leaders in Europe's private and public sectors. Some key findings:
- Most organizations have started their digital transformation journey, with 44% applying new technologies and 20% moving to data-driven decisions.
- 15% see themselves as fully digital, while only 6% consider themselves non-digital. Maturity varies by sector and business model.
- Over 85% see opportunities to positively impact customer experience, operations, and business models through digital transformation.
- Common capabilities being used or planned include digital marketing, mobility, analytics, customer intelligence, and collaborative tools.
The document summarizes strategies for companies to navigate the age of digital disruption. It includes interviews with experts on how companies can anticipate disruptions, identify truly disruptive startups, and respond effectively. Rita McGrath advises companies to pay attention to customer pain points that startups are addressing. She says most disruptions happen gradually over time, so companies need to look beyond just current performance and consider leading indicators. The failure of print media to foresee digital disruption is provided as an example of an industry overly focused on short-term operational issues instead of future trends.
Digital transformation review_7 - dtr 7 - capgemini consultingRick Bouter
The document summarizes strategies for companies to navigate the age of digital disruption. It includes interviews with experts on the topic.
Rita McGrath of Columbia Business School says that companies should pay attention to where startups are addressing customer pain points to identify potentially disruptive technologies early. She notes most disruptions happen gradually over time. Companies also need to look beyond just lagging financial indicators and consider leading indicators of potential future issues.
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The document summarizes the key findings of Deloitte's 2017 Global Human Capital Trends report, which surveyed over 10,000 business and HR leaders worldwide. It found that organizations face radically changing contexts for the workforce due to digital disruption. Ten human capital trends were identified as most important, including the organization of the future, careers and learning, and the future of work with an augmented workforce. While HR capabilities were rated as adequate overall, the report calls for HR to help close gaps between changing technology, individuals, businesses and public policy.
La oración pide a Dios que le dé vida abundante al niño, para que crezca sano y con un cuerpo vigoroso gracias a la buena naturaleza, y para que desde lo que Dios le da gratuitamente, aprenda a estimar y proteger a los más débiles.
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A verse by verse commentary on Matthew chapter 26 dealing with the plot against Jesus. Jesus is anointed with expensive oil by a woman, and Jesus has to defend her, Judas agrees to betray Jesus. Jesus institutes the Lord's Supper, and predicts that Peter will deny Him. Jesus goes through the agony of Gethsemane as the disciples sleep, Jesus is arrested and is taken before the Sanhedrin for trial while Peter is out in the courtyard denying that he knows Jesus.
La Revolución Industrial transformó Inglaterra y Europa entre los siglos XVIII y XIX a través de cambios socioeconómicos, tecnológicos y culturales sin precedentes desde la revolución neolítica, estableciendo las bases para la producción industrial moderna y la clase obrera a través de la mecanización de procesos como la fabricación de autos.
El documento describe los diferentes tipos de champán según la cepa utilizada (Chardonnay, Pinot Noir, Pinot Meunier), el método de gasificación (tradicional, Charmat, gasificado) y el método de adición de azúcar (Brut Nature, Extra Brut, Brut, etc). También menciona los diferentes nombres que recibe el champán según el país de origen, como Cava en España y Spumante en Italia.
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Workshop 1, Part 2 of 3
"Embracing the Birth Through Grade Three Early Learning Continuum"
February 27, 2015 (Worcester, MA)
Morning Keynote: Valora Washington, President, The CAYL Institute
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The Practice of Language Teaching:Approaches, Methods, Procedures, TechniquesAna Paredes
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Symposium 2015 : Identifying points of vulnerability in a feasability studyPMI-Montréal
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Olivier Mesly, MBA, DBA
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This document discusses trends in technology for 2014 and focuses on how emerging technologies can disrupt business and society. It identifies 10 trends that could impact organizations over the next 18-24 months. The trends are divided into two categories: disruptors, which can create sustainable positive disruption in IT capabilities and business operations; and enablers, which are technologies that many CIOs have already invested in but warrant another look due to new developments. One of the disruptor trends discussed is the CIO taking a more venture capital-like approach to managing the IT portfolio by focusing on driving enterprise value, continually evaluating performance, and communicating impacts in a way business leaders understand.
This document discusses trends in technology for 2014 and focuses on how emerging technologies can disrupt business and society. It identifies 10 trends that could impact organizations over the next 18-24 months. The trends are divided into two categories: disruptors, which can create sustainable positive disruption in IT capabilities and business operations; and enablers, which are technologies that many CIOs have already invested in but warrant another look due to new developments or potential use cases. One of the disruptor trends discussed is the CIO taking a more venture capital-like approach to managing the IT portfolio by focusing on driving enterprise value, continually evaluating performance, and communicating results in a way business leaders can understand.
This document discusses 10 technology trends that could impact organizations over the next 18-24 months according to Deloitte's annual Technology Trends report. The trends are divided into two categories: disruptors, which can create sustainable positive disruption in IT capabilities and business operations; and enablers, which are technologies CIOs have invested in but warrant reexamination due to new developments or potential use cases. One disruptor trend discussed is the CIO taking a more venture capital-like approach to managing the IT portfolio to help drive business growth and innovation. The summary discusses how CIOs can adopt strategies for portfolio investment, valuation, risk assessment, and talent management from the venture capital field.
The gap in skills needed to compete in an increasingly digital world is a major issue for most organisations. Recognising this gap is one thing, doing something about it is a much bigger challenge.
This White Paper contains a structured approach that has been learned across different businesses over 17 years.
The gap in skills needed to compete in an increasingly digital world is a major issue for most organisations. Recognising this gap is one thing, doing something about it is a much bigger challenge.
This White Paper contains a structured approach
that has been learned across different businesses
over 17 years.
The document discusses how companies can both disrupt industries while also being disrupted by new technologies and business models. It summarizes the results of a survey of CEOs and institutional investors. The key findings are:
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The document discusses how companies can both disrupt industries while also being disrupted by new technologies and business models. It summarizes the results of a survey of CEOs and institutional investors. The key findings are:
- 50% of CEOs surveyed do not feel their companies are adequately prepared to respond to disruption.
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As published in Directorship.
Bright and glamourous on the outside, innovation is pretty messy on the inside. In spite of high profile news that makes it seem like most organizations are successful and even disruptive innovators, the reality is that only a fraction of innovation efforts ever reach the market. This article shows how innovation governance increases the rate of successful innovation.
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The Real Impact of Digital - As Seen From the "Virtual Coalface"thisfluidworld
A new study by INSEAD and this fluid world challenges some of the common assumptions and beliefs about the positioning of “digital”. The study approaches the issue of digital from a fresh direction: the real perceptions and experiences of managers on the ground and “in the coalface” of business. The results, as well as 21 insights and recommendations for the 21st century, are highlighted in this report The Real Impact of Digital - As Seen from the “Virtual Coalface”.
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The first objective of this report is to
pinpoint exactly what we mean by ‘digital
transformation’ and understand the reasons
why it is often misunderstood.
With a clear definition in mind, we move
forward to reveal the ways in which
digital transformation is changing modern
businesses. These changes run the full
spectrum from the conceptual to the
practical, in line with the broad range of
changes we are seeing.
Key findings:
Only 53% of businesses
have a formalized digital
transformation plan.
72% of employees are not
satisfied with the digital
training they receive.
44% of survey respondents
cited data analysis as the
most important skill to
invest in.
64% of respondents say
their role has changed
considerably in the last
5 years.
Only 35% say there is a
plan in place to help them
develop the skills they
need.
Accenture Technology Vision 2016 Full Report A4WebMichael Biltz
The document summarizes Accenture's Technology Vision 2016, which focuses on the theme of "People First: The Primacy of People in a Digital Age." The summary highlights that:
- Digital technologies now dominate the global economy, accounting for 22% in 2015 and forecasted to reach 25% by 2020.
- While technology is driving immense changes, companies must transform their corporate cultures to truly succeed in this new digital era - their people and ways of working must become digital as well.
- Four key pillars are identified for building a thriving digital culture: being built for change, being data-driven, embracing disruption, and having digital risk awareness.
- The five technology trends covered in the
This document discusses how developing digital intelligence capabilities through data and analytics can help organizations innovate new digital business models and respond to digital disruption. It finds that "Digital Innovators" who are effective at innovating new digital business models are seeing stronger revenue growth. These organizations are better able to detect and respond quickly to changing market conditions. The document examines how Digital Innovators are leveraging data for both market insight and operational insight. It also discusses the challenges of developing a data-driven culture and the importance of that cultural shift for organizations looking to close the gap with Digital Innovators.
Digital Transformation Readiness Survey Summary
The survey of 100 European directors found that the top challenges to digital transformation were insufficient internal skills, lack of a clear digital vision, integrating new technologies, and resistance to change. While most organizations had a digital vision and roadmap led from the top, some lacked understanding of changing competition. Many had successfully implemented digital initiatives but struggled to measure impact. There was a disconnect, as over half of respondents saw issues with cross-functional connectivity, technology usability, and employee engagement. Overall, the survey found that leadership must drive digital transformation from the top through vision, skills development, and change management.
The document discusses how CIOs are increasingly taking on a "venture capitalist" mindset to manage technology portfolios in a way that drives business value. Specifically:
1) CIOs are managing their portfolio of IT projects, assets, vendors, and talent like a VC manages investments - continually evaluating performance in terms of value, risk, and reward.
2) CIOs with a VC mindset evaluate each element of the IT portfolio in a way that business leaders understand, communicating quantitative and qualitative value to the business.
3) To be effective, CIOs also need skills like evaluating emerging technologies and predicting how the landscape will evolve for their business, customers, and partners.
Startup Engagement : Best Practices for Large OrganizationsMohsen Mokhtari
The document discusses Innovation Leader's annual corporate innovation conference called Impact. Impact helps senior innovation professionals at large organizations learn how to deliver value and real business impact. At Impact 2019, senior executives from successful companies like Comcast NBCUniversal, Bose, and Nationwide will share insights and lessons learned. The conference involves interactive sessions, workshops, and networking opportunities. It provides actionable takeaways, frameworks and tools. The goal is for participants to gain skills and access a network of other innovation professionals.
The document also provides information about Techstars sponsoring Innovation Leader's research on startup engagement strategies for large organizations. Techstars has insights from its corporate partnerships on disruption facing large companies. The research includes survey data and interviews with
Whole-brain leadership prepares C-suites for the digital challenges ahead, ensuring seamless growth and high-value problem solving capabilities. Read more.
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2. “The changes are so profound that, from the perspective of human history,
there has never been a time of greater promise or potential peril. My concern,
however, is that decision-makers are too often caught in traditional, linear
(and non-disruptive) thinking or too absorbed by immediate concerns to think
strategically about the forces of disruption and innovation shaping our future”.
2015, Klaus Schwab, The Fourth Industrial Revolution.
3. Contents
Global Board Survey / Executive summary
Introduction
Context
Analysis
·· Growth appetite
·· The role of innovation in company strategy
·· Board handling of digital disruption
·· Alignment of innovation and growth goals
·· Risk profile and failure tolerance at board level
·· Board urgency to act on disruption
·· Board expenditure on radical innovation
·· Board barriers to handle radical innovation
·· Division-X promotes growth
Recommendations to the boards
Behind the survey data
4
6
7
9
10
11
12
13
14
15
19
20
21
24
26
4. 4 Radical Innovation and Growth – Global Board Survey 2016
Executive summary
Today, boards have taken on the challenging respon-
sibility of overseeing their companies’ radical innovation
efforts. From the Global Board Survey 2016 we learn
that already today 22% of respondents own a so-called
Division-X, a unit where the goal is to find radically new
products or services to the company. With Google’s
semi-secret research and development facility Google
X as role model, many corporations see their own
Division-X efforts as strengthening competitiveness
and increasing chances of company growth. When
perfectly orchestrated, this is an engine to build wholly
new revenue streams through new markets, entering
new industries or even through cannibalization of the
companies’ core activities to adapt to the future.
At board level, what we are seeing is the beginning
of a shift among board professionals’ responsibility.
As if oversight of company strategy, risk management,
succession planning, budgeting and forecasting, sales
and marketing, operations, auditing, IT, remuneration
and tax was not already a fight. Now corporate gover-
nance includes overseeing new business development
with its itchy elements of experimentation, demand
for scalability, risk of failure and navigation in a fully
digitalized and unpredictable new business world. On
top of this new bizz today is developed at a pace that
leaves little time for thorough analysis and precise risk
mitigation.
Welcome to the era of disruption, now governed by the
most influential level of people in the business world!
Whereas the survey data show that boards are embar-
king into their new extended roles, they lack understan-
ding of innovation as well as talent management to
build wholly new revenue streams. 40% of respondents
have no board director with sufficient knowledge about
digital disruption and 43% feel their management
invests too little to achieve their long-term growth goals.
In addition, 34% of respondents characterize their
board’s risk appetite as one where they try to avoid big
financial risk and another 18% try to avoid failure in all
their dealings.
In combination the boards stand unarmed to enter the
battlefield of future business creation in a disrupted
world.
The era of disruption can be characterized by the
acceleration of technology, rapid business model devel-
opment and build-up of interconnected platforms and
communities with the speed of social media. Yet there is
a clear tendency from our surveyed population towards
expecting radical change coming later (as in five years)
rather than sooner (as in this quarter). With the rate
of change in the world today, this is disturbing. The
finding, however, is sustained by the distinct majority
of respondents stating that they are acting in
response to an opportunity rather than a threat. If
they felt that radical change was nearby, their actions
would have been likely in response to a vexing threat.
With an increased competitive business climate where
your next erosion may come from a two-man-in-a-
garage company growing a disruptive (to you) enter-
prise, we are also surprised to find that boards’ growth
expectations for the coming 24 months are on average
as low as 5-10 %. Peter Diamandis, co-founder and
executive chairman of Singularity University says “
40% of today’s Fortune 500 companies are predicted to
disappear in the next 10 years. Competition is no longer
the multinational overseas; instead, it’s the exponential
entrepreneur creating companies like Uber, Airbnb,
DropBox, Oculus, Whatsapp, SpaceX and Tesla”
(2015, Diamandis and Kotler, Bold). With this in mind,
and adding the insatiable growth expectations of
shareholders and investors, we believe across all
industries that corporations must raise the bar and
target for higher growth rates, now.
We conclude that while global boards are taking action
now, there is room for improvement. Especially when it
comes to their insight into the area of innovative initia-
tives, organizational design, dealing with risk and failure
and sheer experience in working in the huge discomfort
zone driven by accelerating technology. If work has
become steadily more demanding for the global
board member recently, at least there was a predicta-
bility associated with that work. Now, in light of massive
technological disruption, the new workload for a board
professional revolves around a risky, failure prone and
unknown innovation territory as they can start seeing
themselves as largely inexperienced new business
development leaders.
What used to be the responsibility of the R&D
department first moved to the CEO office and
has now risen to board level.
Deloitte & Board Network, The Danish Professional Directors Association
5. Radical Innovation and Growth – Global Board Survey 2016 5
“What keeps me up at night
is the exponentially increa-
sing impact of exponential
technologies and for the
first time in our history we
are venturing out in do-
mains that are completely
unchartered waters. This is
exciting in terms of oppor-
tunities but what keeps me
also awake at night is all
the things that I don’t
know about the impact!“.
Léo Apotheker chairman of KMD, board of
Schneider Electric SA, Steria, and PlaNet Finance
6. 6 Radical Innovation and Growth – Global Board Survey 2016
Introduction
Speed is everything! We see that the rate of change in
the world is increasing. Millions of global entrepreneurs
in the world are online and can cloud print their latest
product or service to build totally new and disruptive
enterprises. By 2025 we will add another 5 billion
hungry minds online (2015, Diamandis, Singularityhub.
com) looking to survive and excel in a disrupted world.
The above pattern might just explode.
Think of Uber, Airbnb and Apple – with exponential
technology in the new sharing/digital economy several
industries are being radically challenged. This type of
innovation does not just disrupt the core of existing busi-
nesses. This type may erode some businesses entirely.
From a survey conducted in 2015 by the Board Network
- The Danish Professional Directors Association based on
582 global corporate board professionals representing
43 countries, respondents describe that competition and
technology are among the four most important external
challenges their companies are facing now.
To address how the exponential technology is affecting
growth (and indirectly competitiveness) in international
companies and organizations, we have gathered insight
on how global corporate boards address and work with
radical innovation and to what extent they see growth
stemming from their efforts.
We dig into the boards’ appetite for growth; how high
is the bar? We look at their risk profile and tolerance of
failure. We examine the role of innovation in company
strategy and its strategic importance on the board’s
agenda. Is radical innovation a bulleted point at board
meetings? We question whether there is a clear align-
ment of innovation and growth goals. Do boards spend
enough in terms of man hours, consultants or other
expenditures on new initiatives? We ask if companies
actually own a Division-X and if yes, to what extent
they are successful. We address the skillset at board
level to handle digital disruption and the urgency to act
proactively. We identify board barriers to handle radical
innovation and we leave you with a set of recommen-
dations based on our quantitative findings topped with
first-hand experience and opinions from a number of
selected global board chairs.
Throughout, we use the term radical innovation with the
following interpretation
Radical innovation is when you use exponential techno-
logy (Artificial Intelligence, Virtual/Augmented Reality,
Advanced Robotics, Digital Fabrication, Nanotechnology,
Synthetic Biology etc.), new business models, jumping
the value chain in your industry or transcending it
completely. Your current business could be eroded from
radical innovation and you can erode your competitors.
Radical innovation can lead to exponential growth.
Deloitte & Board Network,
The Danish Professional Directors Association
A staggering 75% of companies with the highest growth
expectations for the coming 24 months (above 10%) also own
a Division-X (or equivalent). We see this result as a clear indication
of Division-X actually driving growth.
Deloitte & Board Network, The Danish Professional Directors Association
7. Radical Innovation and Growth – Global Board Survey 2016 7
Context
Deloitte Denmark and Board Network – The Danish
Professional Directors Association have jointly conduc-
ted this survey and publication during November 2015
through February 2016 among 614 global board pro-
fessionals from a total of 50 countries on all populated
continents.
The surveyed population counts all sizes of companies, is
broadly representing all operational industries and spans
a variety of ownership structures with a dominance of
private limited and stock exchange listed companies.
Some common trends across countries, company size,
industry and ownership include:
Common trends
· The two dominant barriers for boards working with
radical innovation are lack of insight (47%) and lack
of organizational design to handle radical innovation
(46%).
· 40% of respondents have no director with sufficient
knowledge about digital disruption and 43% feel
their management invests too little to achieve their
long-term growth goals.
· The boards’ failure tolerance is low as seen 18% try
to avoid failure in all their dealings.
· The financial risk scenario is also conservative, 34%
of respondents characterize their board’s risk appetite
as one where they try to avoid big financial risk.
· There is a clear tendency towards expecting radical
change coming later (in five years) rather than sooner
(this quarter).
· A staggering 75% of companies with the highest
growth expectations for the coming 24 months
(above 10%) also own an actual Division-X (or
equivalent). We see this result as a clear indication
of Division-X actually driving growth.
9. Radical Innovation and Growth – Global Board Survey 2016 9
Analysis
”You need to have an executive
management team and a Board of
Directors that are sufficiently primed
to understand one another on
competencies and visions so that
you at all times on almost any
subject can have a fruitful and
challenging discussion between
the two levels and ensure that the
discussions move things forward
- at good speed. When adding
more diversity on one level, you
need to do the same at the other
- and that’s more important
than ever”.
Lone Fønss Schrøder, Chairman, Saxo Bank, and board member
of IKEA Group, Volvo Car Group, Bilfinger and Valmet
10. 10 Radical Innovation and Growth – Global Board Survey 2016
Growth appetite
Modest growth is concerning
An alarming 64% of our respondents say that their
growth target for the past 24 months was less than
10%. This number includes the negative growth target
of 4% of the companies. We have a mere 18% of the
respondents reporting that their growth target for the
past 24 months was beyond 20%. Not a whole lot more
optimistic are these companies in general when it comes
to the future. 59% expect less than 10% growth in
the coming 24 months and barely 20% of respondents
expect more than 20% company growth accumulated
over two years. In an exponential world, this moderate
expectation of company growth for the coming 24
months could be a proxy for a board inclination to do
“more of the same” and expand core activities rather
than engage in high risk / high reward endeavors.
When analyzing which type of ownership that sets the
highest growth targets, we see that 1) private limited
companies, 2) family owned businesses and 3) private
equity portfolio companies are the ones that target and
stimulate growth strategies the most. When we compare
the survey data on which companies that have the
highest growth targets with data on whether or not they
own an actual Division-X (or equivalent), a staggering
75% of the companies with growth targets 10% for
the coming 24 months, has such a division – whereas
only 25% of companies in total own a Division-X.
What was the company’s growth target for the past 24 months?
What is your growth target for the coming 24 months?
Global boards are moderate in their expectations of company
growth over the coming 24 months
Deloitte Board Network, The Danish Professional Directors Association
Negative growth - 4.1%
20% or more - 17.58%
10-20% - 18.55%
5-10% - 32.81%
0-5% - 26.95%
20% or more - 19.77%
10-20% - 20.94%
5-10% - 36.59%
0-5% - 22.70%
11. Radical Innovation and Growth – Global Board Survey 2016 11
Where will future business come from?
As stated above, traditionally the role of the board is to
excel in corporate governance. Thus, not surprisingly
the individual board professional’s rating is high when it
comes to the board’s overall understanding of the com-
pany’s strategy (here percentages are sums of good and
excellent understanding) within financial position being
93%, Industrial/market position 91%, Brand position
85% and Industry dynamics 86%.
As we move on to the understanding of the companies’
Innovation/RD strategy, the board’s overall understan-
ding amounts to 25% limited, 51% good and only 24%
excellent. Similarly, talent management is rated 29%
limited, 53% good and just 18% excellent.
The two worries that arise are obviously that boards
do not necessarily seem to be certain about where their
business will come from in the future and even less
certain about whether or not they will be able to attract
and retain the right people to execute on the future
strategy.
How would you rate the board’s overall understanding of the company’s
strategy within the following areas?
The board’s overall understanding of company strategy is weakest
with regard to talent management and innovation/ RD strategy.
Deloitte Board Network, The Danish Professional Directors Association
“I think that we, like many
other companies, haven’t
really thought through all the
implications or the full potential
of certain technologies, in
particular when it comes to
employment strategies, as well
as the impact of these techno-
logies, on customers and their
demand patterns in the future.
In particular the full consequen-
ces / potential around Artificial
Intelligence, the Internet of
Things and Robotics need to be
better assessed”.
Léo Apotheker chairman of KMD, board of Schneider
Electric SA, Steria, and PlaNet Finance
The role of innovation in
company strategy
Industry / market position 2.33
1 - Limited 2 - Good 3 - Excellent
Risk exposure 2.14
Innovation / RD strategy 1.99
Industry dynamics 2.15
Talent management 1.88
Creation of value 2.23
Brand position 2.16
12. 12 Radical Innovation and Growth – Global Board Survey 2016
Board handling of digital
disruption
Does the Board have one or more directors with sufficient knowledge about
digital disruption to understand how it is affecting your organization and
industry and how digitalization should be integrated into your organization’s
business strategy?
Digitalization skills at board level are not on par
Our premise that we see a new business era with the
advent of accelerating technology calls for a discussion
of digital disruption and how it impacts organizations
and industries. To find out whether the boards feel they
possess sufficient knowledge around this theme, we also
asked how digitalization should be integrated in their
organization’s business strategy. 58% feel they are well
covered when it comes to board knowledge among
one or more directors, leaving 42% who do not.
Correlating back to industry shows that boards in
tech related (IT/Telco/Media and LifeScience/Pharma)
industries have a higher representation of digitalization
knowledge with more than 70% responding affirmatively,
whereas Industrial boards are at just 38%.
YesNo
41.65 % 58,35%
58.35 %
The critical driver for future excellence is the ability to combine digital
understanding with business modelling and exponential thinking
13. Radical Innovation and Growth – Global Board Survey 2016 13
Align innovation and growth goals
To further understand how well innovation and growth
goals are aligned in the organizations, we ask the board
professionals whether their managements invest enough
to achieve the company’s long-term growth goals and in
fact 52% do think so. Another 43% think managements
invest too little, and a small percentage think the invest-
ment is too much given the output.
Chairman Ole Andersen distinguishes between business development and strate-
gic innovation. He has strategic innovation very high on his own agenda to always
allow himself to look into the future with a deeper understanding of development
trends to assess strategic risk. “Quantitative risk is not killing a bank. Strategic risk
might” he says and continues with recommendations to his peers at board level
“look at new investment areas, put together a portfolio of ‘light houses’
and think of the positive consequences of disruption”.
Chairman Ole Andersen, Danske Bank, Chr. Hansen, Bang Olufsen
Alignment of innovation
and growth goals
Do you think management invests enough to achieve your company’s
long-term growth goals?
We invest too much given the
output - 4.49%
We invest too little to achieve our
long-term growth goals - 43.38%
Innovation and growth goals
are fully aligned - 52.14%
14. 14 Radical Innovation and Growth – Global Board Survey 2016
Risk profile and failure tolerance
at board level
Risk adversity
Very closely related to investment in innovation is the
notion of risk appetite. We therefore wanted to uncover
the risk profile at board level with regard to their innova-
tion strategy. A sizable 34% of the respondents answer
that they try to avoid big financial risks. Only 6% are
willing to take big bets which we see as a threat to
harvesting the opportunities in entering uncertainty
areas, ie. radical innovation. The bulk - a whole 60% -
report that they are willing to take financial risks, given
that they are quantifiable or that the portfolio of
innovation projects is well balanced.
“43% of board professionals
think their managements
invest too little to achieve
the long-term growth goals”
Deloitte Board Network,
The Danish professional Directors Association
How would you characterize your board’s risk appetite with regard to your
innovation strategy?
We are willing to take financial
risks, given that the portfolio
of innovation projects is
well-balanced - 24.46%
We are willing to take financial risks,
given they are quantifiable - 35.71%
We are willing to take big bets
- 6.06%
We try to avoid big financial
risks - 33.77%
”You also need a more “forgiving” environment. Not that you don’t need a
framework that addresses regulatory and compliance needs, but you should install
and encourage a culture that to a larger degree accept failure. Because of the
increasing pace of change, we all need to be prepared for a “fast failure” culture
- one that does not punish failure, but rather accepts that the best possible solution
is not always completely flawless, but might need minor alterations later on.
That goes for the organization as a whole, incl. the board”.
Lone Fønss Schrøder, Chairman, Saxo Bank, and board member of IKEA Group, Volvo Car Group, Bilfinger and Valmet
15. Radical Innovation and Growth – Global Board Survey 2016 15
80 - 90 %
90 - 100 %
0 - 10 %
10 - 20 %
20 - 30 %
30 - 40 %
40 - 50 %
50 - 60 %
60 - 70 %
70 - 80 %
Board urgency to act on
disruption
Not in my term
The willingness to act in response to radical change at
board level must naturally be seen through the “lenses of
urgency”. When is the monster coming? This quarter or
in two or maybe five years? Is there any urgency, board
professionals might ask? Most change is not received
with pleasure and there is a tendency to perceive the
radical challenge of one’s industry to be later (5 years)
rather than sooner (this quarter). A mere 1% feel that
they will be radically challenged this quarter (to an
extent of 90-100%), whereas 71% anticipate that
radical challenge is less than 10% in the same time
frame. Looking 5 years down the line, 4% anticipate that
they will just become 0-10% radically challenged and a
mere 17% anticipate that they will be 90-100% radically
challenged.
We all know what happened to Kodak and in retrospect
everyone agrees they did not act in time. Thus risk is also
a matter of not being too late.
“Risk mitigation is clear from these numbers and follow what we
know from classic corporate governance”.
Deloitte Board Network, The Danish Professional Directors Association
To what extent (in percentage from 0- 100) do you see or anticipate your
industry being radically challenged over time?
0 20 40 60 80 120
In 5 years
In 3 years
In 1 year
This quarter
16. 16 Radical Innovation and Growth – Global Board Survey 2016
Make innovation a bulleted agenda point
Radical innovation is still a new idiom at board level and
even if 35% respond that they have radical innovation as
a bulleted point on their board agendas, this leaves 65%
without a formalized item for discussion or action at
meetings. Some will still argue that it is a matter for the
executive management to address and assess, yet some
will simply not have taken an active position on this. The
latter part will eventually be overtaken on the inside by
competition.
Out of the 35% of respondents that have radical
innovation formally on their board agenda, 35% have
had so since 2012 (or before) and there is a tendency
of increasing numbers in the individual years to follow.
Looking for impact, we go deeper and ask to whether
there has been any executable actions based on the
discussions at board level. An overwhelming 68%
answer affirmatively here.
If yes, since when?
64,82 %
NoYes
35,18 %
Is radical innovation formally on your board agenda as a bulleted point?
2015 - 24.84%
2014 - 20.92%
2013 - 19.61%
2012 - 34.64%
17. Radical Innovation and Growth – Global Board Survey 2016 17
“We often fail at estimating the arrival of the “monster”, since we
think linearly and not exponentially. In the nature of exponential
disruption, the impact we feel at year 1, might be twice as big
in year 2, but 4 times as big in year 3 and 8 times in year 4.
This doubling in time is almost incomprehensible for most of us.
Thus, you can’t start acting too early!”.
Deloitte Board Network, The Danish professional Directors Association
67,66 %
YesNo
32,34 %
And if yes, has the board initiated any executable actions based on the
discussions?
18. 18 Radical Innovation and Growth – Global Board Survey 2016
Given that radical innovation stems from four components
a) Exponential technology
b) New business models
c) Jumping the value chain (for example moving from products to services)
d) Moving into a different (from your) industry
What is your estimated guess (in percentage from 0-100) of the distribution of the four components of radical innovation in 2015
when it comes to allocated resources (man hours, consultants and other expenditures) in your company?
0 20 40 60 80 100
Moving into a different (from your) industry
Jumping the value chain
(for example moving from products to services)
New business models
Exponential Technology
”The biggest challenge today is that the type of persons you need
might call for a broader understanding of how to cope with a true
diversification in the boardroom. You should be prepared to avoid
the instinctive urge for homogeneity - and instead encourage a
culture that embraces diversity - in all aspects”.
Lone Fønss Schrøder, Chairman, Saxo Bank, and board member of IKEA Group, Volvo Car Group, Bilfinger and Valmet
19. Radical Innovation and Growth – Global Board Survey 2016 19
Board expenditure on radical
innovation
We see increased corporate expenditure on exponential techno-
logy and moving into a different industry. New business models
and jumping the value chain have been around for years, while
the others are new. It is the combination of a renewed mindset
at board level and increased focus on exponential technology
that are the crucial new elements for future business building.
Deloitte Board Network, The Danish Professional Directors Association
How boards spend money and why
When it comes to which category global boards allocate
most budget regarding their radical innovation, New
Business Models has the highest fraction, Exponential
Technology and Jumping the Value chain come in as
second whereas Moving into a different industry is
number three of the priorities. The boards seem to split
when asked whether this distribution is maintained in
the years to come. 44% say “yes”, 56% “no”.
We examine the two archetypical reasons for working
with either of the four components of radical innovation
and ask if the Board’s efforts were made in response to
a threat or an opportunity. The survey data show a bias
to working in response to an opportunity with a mean
average of 58% - 63% across the four components.
This bias is sustained in the previous finding that the
respondents do not perceive radical change to come
now (this quarter), but more likely in 5 years. Thus,
given the two choices “threat or opportunity”, the
logical answer for what made them do radical
innovation as addressed in this survey would be
in response to an opportunity.
NoYes
43,77 %
56,23 %
Are you expecting a shift in this distribution in the years to come?
If in 2014 you worked with either component; exponential technology, new
business models, jumping the value chain or moving industry – was this effort
made in response to a) a threat or b) an opportunity?
58 %moving industry
61 %jumping the value chain
Opportunity
50%
63 %Exponential technology
62 %new business model
Radical
innovation
component
20. 20 Radical Innovation and Growth – Global Board Survey 2016
Board barriers to handle radical
innovation
Insight and organizational design
When we analyze barriers to addressing and working
with radical innovation, this survey displays some clear
results. Boards are busy, and according to the survey
data, there is a certain element of lack of time (21%).
Also the presence of risk is another barrier accounting
for 19% of the responses. But the two dominant
barriers are lack of insight (47%) and lack of organiza-
tional design to handle radical innovation (46%).
We know that an integral part of working with radical
innovation is experimentation which itself has a huge
element of failure and learning. We therefore continue
our journey with exploring the global boards’
assessment of failure. The data reveal that 18% of
boards try to avoid failure in all their dealings. 8% take
chances and welcome failure. This compares well to
the boards’ risk profile where 34% try to avoid big
financial risks and only 6% are willing to take big bets.
The bulk of data stem from 55% of boards learning
from failure and trying harder or smarter next time.
What is/are in your view the largest barrier(s) at board level to
addressing and working with radical innovation?
How is failure assessed and dealt with at board level?
We learn from failure and try
harder or smarter next time
- 54.87%
We allow a small failure rate
- 18.72%
We try to avoid failure in all our
dealings - 18.46%
We take chances and welcome
failure - 7.95%
Lack of time - 21.46%
Other - 7.32%
Lack of organizational
design to handle radical
innovation - 46.46%
Presence of risk - 19.19%
Lack of insight - 46.72%
21. Radical Innovation and Growth – Global Board Survey 2016 21
1 year - 30.43%
10 years or more - 18.48%
2 years - 27.17%
5 years - 23.91%
Division-X promotes growth
Be aware of corporate ”immune system”
Our experience tells us and substantial research sustains
(eg. 2014, Salim Ismail, Exponential Organization) that
making new business creation inside a corporation is
hard and often doomed to fail. The “immune system”
of the core operation is soon to take over any great
idea that might cannibalize it and thus even if the right
decision is to disrupt yourself from within, it is almost
impossible in practice.
We therefore want to know how many companies
actually own a so-called Division-X or the equivalent
of one (a division with the goal of finding radically
new products or services). If they own one, we want
to know for how long they have been in operation.
22% of respondents say “yes”, leaving 78% to say “no”.
30% of those with a Division-X have had one only for
a year, 27% for two years and 24% for 5 years. 17%
have owned a Division-X for 10 or more years. A
correlation between turn-over, size, operation and
industry reveal that these are largely midsized to
very large companies from
1) Consumer Products Services,
2) Technology/Media/Telecom, and
3) Industrial.
If yes, for how long have you had this division?
Does your company own a division X or the equivalent of one
(a division with the goal of finding radically new products or services)?
No
78,06%
Yes
21,94 %
”Technology will continue to create opportunities for fundamental
changes in our ability to serve the customer. It enables companies
to understand and fulfill customer needs much more effective
to mutual benefit. We should all embrace this opportunity”.
Jens Moberg, Chairman of Grundfos Holding, PostNord and board member of Axcel
22. 22 Radical Innovation and Growth – Global Board Survey 2016
Harvesting the fruit
We are testing whether a Division-X is successful in
bringing new products and services to the company.
For the category “today” this is only just above
somewhat successful with a mean average of 57%.
Predictions for 24 months down the line are higher
and fall into the category rather successful with a
mean average of 67%.
Whereas, it is too early for the relatively sparse sample
of global boards having experimented with a Division-X
to harvest their fruits we are truly delighted to find that
75% of the companies that report an above 10%
growth expectation for the coming 24 months also
own a Division –X (or the equivalent hereof).
Even if the boards do not own a Division-X they might
still be working with radical innovation, and we wish
to drill deeper into whether these efforts are seen as
lucrative to the businesses. We directly ask to what
extent the boards predict that company growth will
be a direct or indirect result of the radical innovation
efforts in 24 months. 10 % think not at all, 28% think
to a small extent, 34% to a somewhat extent, 23% to a
high extent and 5% think growth entirely will stem from
radical innovation. Also here we conclude that it is too
early to see a clear correlation. The mean average is 57%
of the respondents and this is not distinctive enough to
indicate at this point in time that radical innovation as
addressed in this survey has proven to outweigh other
initiatives as for example acquisitions or organic growth.
To what extent do you predict the company’s growth will be a result
(directly or indirectly) of your company’s radical innovation efforts in the
coming 24 months?
If you own a division X or the equivalent of one, to what extent do you think
this particular division is successful in bringing innovative products or services
to the company?
Not at all (yet) Somewhat
46,5 %
Entirely
Today
36,8 %
Tomorrow
58,75 %
The Board need to have an understanding of what technology
can do, inspire executive management to be creative and demand
- and support them in developing - a technology roadmap. The
process should be focused at looking at the company outside in!”.
Jens Moberg, Chairman of Grundfos Holding, PostNord and board member of Axcel
24. 24 Radical Innovation and Growth – Global Board Survey 2016
1. Get comfortable with being uncomfortable
There is no sign of the digital transformation taking
a break. We see an increased pace at which disrup
tive technologies are being brought into the business
world and thus all players are in the discomfort zone
to stay par with competitors or to outinnovate them.
The board’s new role is to play proactively on this field.
Radical Innovation is the Board’s new growth horse, and
it needs exercise, feed, grooming and perhaps a skilled
horse whisper not to lose its winning power. In Deloitte
we say “Uber yourself before you get Kodaked”.
2. Raise the risk assessment of uncertain
technologies
Of course an element of the discomfort zone is the risk
of failure. There will likely be money sunk before any
big breakthrough. But do have a choice? We asked
Léo Apotheker the following question: “Do you have the
agility and the risk appetite needed to take full advan-
tage of the opportunities and to mitigate the mirrored
risks? His answer was “I’m not sure agility is the right
term. Risk appetite requires better risk assessment of un-
certain technologies and their equally uncertain impact
on businesses. The real question is in my mind: what
choices do we have?”, Léo Apotheker, Chairman
of KMD, board of Schneider Electric SA, Steria and
PlaNet Finance.
3. Broaden the board’s insight to building of new
revenue streams
Executive training, study tours abroad, increase gender
diversity and hire new recruits are all good initiatives and
often needed to broaden the insight and skillset of the
board. But, we also suggest experimentation. Take the
chance and try to build wholly new revenue streams on
the edge of your organization. Start at small scale and
learn before stepping up to taking big bets. Treat each
and every idea passionately like a start-up would and
man this division with people freed from the pull of
the past, the corporate legacy and complicated internal
politics. Let this group report bi-monthly to the
responsible board director and use a venture capitalist’s
assessment to determine whether to keep or kill
them. This is the recipe for orchestrating a successful
Division-X.
4. Let your Division-X drive your growth
Your evolving experiments are kept in pendulum
between the board and Division-X until you need to
build a real business and commercialize the new
products or services. The edge business (dark green)
might cannibalize the core (light green) but following
the exponential curve, the edge business progressively
becomes the core as it takes over in size and importance.
5. Add diverse competencies
Diversity is a buzzword these days and rightfully so, not
least when dealing with radical innovation. Diversity in
cognitive styles (how you organize and process informa-
tion), diversity in perspectives, diversity in interpretations,
diversity in heuristics, and diversity in predictive models,
all are evidenced as impacting the creative and innova-
tive process. You need heterogeneity in the right places
of the organization, ie. where innovation is anchored
and takes place. However, it is equally important that
the collective competencies among the board directors
mirror the variety of competencies throughout the
organization, and that calls for a much greater board
recruiting span than what has been the norm historically.
You need more age-spread, more internationalization,
better gender balance, greater cross-cultural understan-
ding, and not least competence diversity to drive your
future business”.
Recommendations to the boards
We have to be prepared to
cannibalise our own businesses,
and to change, fast. Younger,
more digital outside directors
on board is one way for
the board to keep close to
the issues”
Dame Helen Alexander, Chairman of UBM plc and
London Port Authority (PLA), non-executive director of
Rolls-Royce
25. Radical Innovation and Growth – Global Board Survey 2016 25
“This model might work well if boards don’t
give up before the intersection of the linear
and exponential curves. This is where most of
us are inclined to kill new initiatives because
we can’t see progress”.
Chairman Ole Andersen, Danske Bank, Chr. Hansen, Bang Olufsen
Being successful in an exponential world: Scaling from the edge
Deloitte, 2015
Where exponential
growth takes over
Growth
Time
CORE
EDGE
26. 26 Radical Innovation and Growth – Global Board Survey 2016
0 - 5 million - 25.18 %
5 - 10 million - 7.98 % 1 - 5 billion - 10.82 %
10 - 25 million - 6.21 % 5 - 20 billion - 4.26 %
25 - 100 million - 16.13 % 20 billion or more - 4.79 %
100 - 250 million - 9.04 % Do not know - 2.84 %
250 million - 1 billion - 12.77 %
Consumer products
Services - 12.61 %
Survey across continents, industries, tenure
and ownership
With 614 respondents from 50 countries covering
broadly all industries, all sizes from small to large
companies with an average company age of 48 year,
we here present details of the survey data around
operational industry, annual turnover and ownership
structure.
The single largest group of industry operation is pro-
fessional services, but grouping the more tech oriented
categories of technology, media and telecom with life
sciences and pharma, healthcare, natural resources
energy and industrial adds to 40% of the population.
This later group has a fundamental raison d’être within
the development area and might explain the interest in
radical innovation at board level.
A quarter of our global board respondents are respon-
sible for companies with an annual turnover between
0-5 million USD. This is natural since in general here the
population of companies is largest, and it is likely that
the smallest companies are innovative and interested
in the radical innovation agenda and thus inclined to
respond to a survey like ours. In the other end of the
spectrum we have 23% of our respondents with a
turnover above 1 billion USD reenforcing that we are
also working with data stemming from large corpo-
rations. The remainder lies from 5 million to a billion
with the biggest number of companies between 25
and 100 million USD in total annual turnover.
Not surprisingly, we have 32% private limited companies.
They represent the smaller companies as seen in the
table of annual turnover above. Likewise, we see 21%
stock exchange listed companies representing the larger
companies. We have respectively 18% and 19% private
equity and family owned companies making up the bulk
of the reminder respondents. Foundation/trust, public/
governmental body and combinations of any two or
more of the categories make up a sizable segment with
a total of 21% of the respondents.
Behind the survey data
In which industry is the company mainly operating?
What is the company’s total annual turnover? (given in US Dollars)
Technology, media,
telecom - 14.36 %
Logistics, transportation
- 6.13 %
Consumer products
Services - 6.13 %
Financial services
- 17.34 %
Professional services
- 20.67 %
LifeScience, pharma,
Healthcare - 5.95 %
Industrial
- 13.13 %
Government, education,
Non-profit - 3.68 %
27. Radical Innovation and Growth – Global Board Survey 2016 27
Private limited company - 32.45 %
What kind of ownership is the company subject to?
Stock exchange listing - 21.13 %
Family owned - 18.68 %
Public / governmental body - 3.77 %
A combination of two or more
of the above - 9.81 %
Do not know - 1.32 %
Private equity - 17.55 %
Foundation / trust - 7.17 %