I am loving the new C Suite study on flourishing in this world of disruption! Here’s my favorite top AHAs from the study!
Prepare for digital invaders: Competitors are emerging to digitally disrupt business models and re-shape industries. Airbnb, Fitbit and Uber exemplify the new digital invaders and “ankle-biters” – focused competitors with the lethal combination of no legacy costs and the superior value to rapidly amass market share.
New competitors also are emerging through industry convergence, with traditional boundaries eroding as expertise from one sector is applied to another – for example, defense contractor Lockheed Martin partnering to develop personalized health and wellness solutions. C-suite executives see this trend rising above all others in the next three to five years.
Create a panoramic perspective: All business strategy is technology strategy. Most C-suite executives interviewed believe cloud computing, mobile solutions, the Internet of Things and cognitive computing will dominate the strategic business agenda in the near future with the confluence of these different technologies holding the greatest promise.
Be first, be best, or be nowhere: To create differentiation, C-suite executives are experimenting with alternative business models, collaborating across industries or exploring a new customer base./