Post by account_disabled on Jan 13, 2024 20:38:25 GMT -8
Ever existed, it certainly doesn't exist anymore. : Part of the reason why the ecosystem is changing so dramatically is not just high-quality competitors or lagging incumbents, but also the consumers themselves. Rita McGrath: Consumers have changed. Today, it’s all about acquisition of assets, not ownership of them. My friend Tammy Erickson jokes, you look at millennials, they don't even want to own a jar of spice. There is a sense of being able to consume what you want, when you want it, which was not the case with older generations. Paul Michelman ( ): We've heard before that many incumbents have failed to keep pace. But that might not be the reason you think.
Rita McGrath: It's not just that they haven't kept up. In my opinion, the whole mantra of shareholder value results in companies essentially focusing on value extraction rather than actually investing in initiatives that create growth. This is a serious problem. Ironically, the focus on in Email Lists Database companies providing less value to shareholders and everyone else. paul Michelman: McGrath acknowledges that while many senior leaders have embraced innovative ideas, they often take a superficial approach. : The topic of innovation has become central to the senior leadership agenda. I believe this is because competitive advantage doesn't last as long as it once did, for a number of reasons. And the ability of newcomers to turn on and actually.
Attack you is evolving rapidly. So I think what's happening in most companies is that innovation is part of the conversation, but it's not yet a proficiency. They were in what I call the innovation theater phase, which is, we put everybody on a plane and we flew them to Silicon Valley and they drank coffee in Palo Alto and rode motorcycles or whatever it was. Then they return to Boise, Topeka, or Chicago, and the place is just as they left it. : It’s not all bad news for traditional companies. They can defend themselves and even attack. Rita McGrath: If they're willing.
Rita McGrath: It's not just that they haven't kept up. In my opinion, the whole mantra of shareholder value results in companies essentially focusing on value extraction rather than actually investing in initiatives that create growth. This is a serious problem. Ironically, the focus on in Email Lists Database companies providing less value to shareholders and everyone else. paul Michelman: McGrath acknowledges that while many senior leaders have embraced innovative ideas, they often take a superficial approach. : The topic of innovation has become central to the senior leadership agenda. I believe this is because competitive advantage doesn't last as long as it once did, for a number of reasons. And the ability of newcomers to turn on and actually.
Attack you is evolving rapidly. So I think what's happening in most companies is that innovation is part of the conversation, but it's not yet a proficiency. They were in what I call the innovation theater phase, which is, we put everybody on a plane and we flew them to Silicon Valley and they drank coffee in Palo Alto and rode motorcycles or whatever it was. Then they return to Boise, Topeka, or Chicago, and the place is just as they left it. : It’s not all bad news for traditional companies. They can defend themselves and even attack. Rita McGrath: If they're willing.