In today's economy of
volatility and velocity, the lifespan of a Fortune 500 company has plummeted
from an average 50 years to a mere fifteen. When constant disruption is the new
normal, how do companies succeed? They
find a way to matter.
When we looked at thirty-plus case studies of successful companies, we found that they all share an audacious approach to disruption. Large to small, in fields from construction to tech to health care, they win hearts, minds and wallets by innovating ways to stay the obvious choice in the market. Here are five key ways that winning companies stay on top:
1. Embrace disruption. Great companies recognize disruption and face it. They don’t try to stick to business as usual. They see disruption as an opportunity to adapt and grow, staying the obvious choice in the changing marketplace.
2. Offer more value. By solving challenges their costumers, employees and stakeholders face, companies become the ones that matter. They offer value by identifying an authentic need and meeting it.
3. Seek out the right partners. Smart companies create strategic partnerships to help mitigate the volatility and velocity that disrupt the marketplace.
4. Care about more than profits. Successful organizations embrace a broad perspective when tackling challenges and align company values with strategic initiatives to improve lives.
5. Identify future needs. Disruption in the tech market is relentless. Without constant innovation, one-time market giants quickly find themselves irrelevant. Winning companies take a long view and use disruption to pinpoint the needs of the future.
Companies that boldly embrace the disturbances that threaten to derail them are the ones that prevail, as we found out. And their success is far less about products, and far more about value. These are the firms that raise the bar.
When we looked at thirty-plus case studies of successful companies, we found that they all share an audacious approach to disruption. Large to small, in fields from construction to tech to health care, they win hearts, minds and wallets by innovating ways to stay the obvious choice in the market. Here are five key ways that winning companies stay on top:
1. Embrace disruption. Great companies recognize disruption and face it. They don’t try to stick to business as usual. They see disruption as an opportunity to adapt and grow, staying the obvious choice in the changing marketplace.
2. Offer more value. By solving challenges their costumers, employees and stakeholders face, companies become the ones that matter. They offer value by identifying an authentic need and meeting it.
3. Seek out the right partners. Smart companies create strategic partnerships to help mitigate the volatility and velocity that disrupt the marketplace.
4. Care about more than profits. Successful organizations embrace a broad perspective when tackling challenges and align company values with strategic initiatives to improve lives.
5. Identify future needs. Disruption in the tech market is relentless. Without constant innovation, one-time market giants quickly find themselves irrelevant. Winning companies take a long view and use disruption to pinpoint the needs of the future.
Companies that boldly embrace the disturbances that threaten to derail them are the ones that prevail, as we found out. And their success is far less about products, and far more about value. These are the firms that raise the bar.
-(credit: Leadershipnow)
0 Comments
COMMENT
------------------
We love to hear from you, make use of the comment field after every post and drop your comments. Also tick the box in the comments area to get notified via your email for the replies on your comments. Thanks
DISCLAIMER:
*Comments on this Web are NOT posted by Tundegold.
*Readers are SOLELY responsible for the comments they post.
*Also, where necessary, all posts are duly referenced.Thank you.
COPYRIGHT WARNING!
We work really hard and put a lot of effort and resources into our content, providing our readers with plagiarism-free articles, original and high-quality texts.
Contents on this website may not be copied, republished, reproduced, redistributed either in whole or in part without due permission or acknowledgement. Proper acknowledgement include, but not limited to (a) Proper referencing in the case of usage in research, magazine, brochure, or academic purposes, (b)"FAIR USE" in the case of re-publication on online media.
About possible consequences you can read here:What are the consequences of copyright infringement?
Tundegold is a property of Grandunicorn Limited and we have all legal actions at our disposal to take within and outside the internet in effort to protect our intellectual properties. All contents are protected by the Digital Millennium Copyright Act 1996 (DMCA).