Transforming Traditional Businesses Doesn’t Have to be an Elusive Goal

Firms need to develop an appetite for innovation, leverage knowledge about customers, and adopt agile ways of working.

Even though the literature on business transformation is enormous, managerial and organisational appetite for change tends to be limited. Leaders of organisations that are remotely successful are not inclined to change things. Transforming the business is not the same as implementing incremental change or improvements in processes, operations and products. We argue that transformation refers to an organisation achieving a sustainable quantum-leap improvement in performance while transforming the mindsets of employees and thus the culture of the organisation.

How Blockchain Will Change Construction

Blockchain technology is among the most disruptive forces of the past decade. Its power to record, enable, and secure huge numbers and varieties of transactions raises an intriguing question: Can the same distributed ledger technology that powers bitcoin also enable better execution of strategic projects in a conservative sector like construction, involving large teams of contractors and subcontractors and an abundance of building codes, safety regulations, and standards?

Blockchain and the Chief Strategy Officer: How Distributed Ledger Technology Will Change Strategy Design and Delivery

This research looks at blockchain technology’s impact on enterprise strategy and the role of the chief strategy officer. It discusses new elements of strategic design and delivery—shared ledgers, smart contracts, and tokenized assets—and develops the concept of strategic liquidity, the degree to which an enterprise can manoeuvre in a competitive environment and dynamically reallocate resources and access capabilities. It frames implementation challenges as areas for further research and opportunities to participate in blockchain standards development. Finally, it suggests ways for companies to cultivate blockchain knowledge and expertise. Research sponsored by the Blockchain Research Institute and the Brightline Initiative.

Ten questions to help you turn strategy into reality

Every CEO or leader is accountable for overseeing strategy design and delivery in his or her organization. Leaders also recognize that strategy implementation excellence is central to the organization’s sustainable growth and prosperity. Yet most strategic initiatives fail because of flawed implementation, at great cost in time and resources.

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