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Transforming Legacy Organizations: Turn your Established Business into an Innovation Champion to Win the Future
Expert guidance on how to grow innovation and optimize already-successful areas of established organizations Transforming Legacy Organizations provides real-world advice and research-based information on how to grow innovation by employing new technologies, improving processes, and establishing a culture of creativity and forward momentum. Conventional business wisdom views innovation as the biggest advantage startups have over large, established organizations, often referred to as legacy organizations. This belief is false, especially when considering that 70% of all startups fail within 20 months of their first venture round. The truth is innovation initiatives of legacy organizations have far better chances of succeeding. Organizations with superior resources―money, customers, suppliers, data, employees, infrastructure―can overcome challenges from new entrepreneurial ventures: knowing how to leverage their underutilized advantage is key for achieving sustained, long-term innovation success. Author Kris Oestergaard has been teaching established organizations around the world for over 15 years. Transforming Legacy Organizations illustrates how to best pursue innovation to create future success. This book helps leaders to: Transforming Legacy Organizations: Turn your Established Business into an Innovation Champion to Win the Future is a valuable resource for leaders of established companies such as C-Suite executives, senior managers, and heads of business development, innovation, and digital teams.
- GenresManagement
272 pages, Hardcover
Published August 5, 2019
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Displaying 1 - 2 of 2 reviews
March 28, 2020
“Transforming Legacy Organizations” is a highly accessible look at the challenges and opportunities that established companies experience when they shoot for innovation. The author draws on his many years of experience and research, distilling actionable insights for thinking deeply about a company’s purpose and goals; understanding barriers to innovation and how to overcome them; and strategizing via a framework that breaks innovation down into manageable bites. I particularly enjoyed the specific examples of innovation tactics and mindsets, as well as analyses of how successful they were. I imagine I’ll return to this book often, both for inspiration and for experiments.
August 20, 2019
The full title of Kris Oestergaard’s book, Transforming Legacy Organizations: Turn Your Established Business into an Innovation Champion to Win the Future, reflects the volume’s comprehensive nature. The digital edition of Oestergaard’s book runs 112 pages and it is a testament to his clarity of vision on the subject that he packs so much information into such a slim work. Innovation in established companies spearheads the overall thrust of Transforming Legacy Organizations; Oestergaard divides the book into three distinct sections examining how companies can get into that space, what obstacles might stand in the way of such changes, and three approaches to incorporating innovation on a widespread scale. He supports his concepts with abundant research footnoted throughout the book and documented in a bibliography included after the main body of the work.
He makes these concepts digestible even for readers with no irons in the fire, so to speak; anyone with even a cursory interest in how long running companies can evolve and adept in a fast moving commercial world will find Transforming Legacy Organizations comprehensible and often compelling. Oestergaard is a writer who believes in his ideas. A sense of possibility inspires the language of this book rather than sinking it in dry and flat verbiage and his eye for telling details helps flesh out its concepts for readers in a concise manner. His careful reading of the histories behind some of the most renowned legacy organizations active today fuels his observations with substance rather than poising them as assertions alone.
One of the key sparks powering the book’s impact is Oestergaard’s understanding of how human nature effects innovation on both macro and micro levels. Comprehending how human nature shapes a company’s innovative powers, or lack thereof, is essential to understanding why some are more successful than others and why. The husks of once mighty companies fallen into staid disrepair litter the history of global commerce, particularly in the United States, and Oestergaard understands on a deep level how our internal biases can shape personal and commercial fortunes for good and ill. He, likewise, highlights the importance of a company’s larger vision, or sense of purpose, married with a goal oriented approach is crucial for growth.
The second part of the book tackles what Oestergaard refers to as the “immune systems” in company culture. There are three tiers – personal immunities, i.e. obstacles presented by employees, organizational immunities, and societal immunities. He examines these three manifestations of obstacles subverting a company’s innovative potential in detail, but takes his observations a step further by prescribing remedies for surmounting them. The third portion of the book lays out a three track plan for innovation. He discusses how company’s can augment innovation using examples like General Electric, among others, and culture hacks with the ability to transform a company from maintaining a status quo stance into one prizing continuous innovation.
AMAZON: https://www.amazon.com/Transforming-L...
Kris Oestergaard’s Transforming Legacy Organizations is a functional work rather than one mired in baseless theorizing. He doesn’t ask readers to accept his ideas on faith alone; instead, the entire book is grounded in proven experience and research. It is an invaluable work for anyone interested in what makes long standing and cutting edge companies successful in the 21st century.
He makes these concepts digestible even for readers with no irons in the fire, so to speak; anyone with even a cursory interest in how long running companies can evolve and adept in a fast moving commercial world will find Transforming Legacy Organizations comprehensible and often compelling. Oestergaard is a writer who believes in his ideas. A sense of possibility inspires the language of this book rather than sinking it in dry and flat verbiage and his eye for telling details helps flesh out its concepts for readers in a concise manner. His careful reading of the histories behind some of the most renowned legacy organizations active today fuels his observations with substance rather than poising them as assertions alone.
One of the key sparks powering the book’s impact is Oestergaard’s understanding of how human nature effects innovation on both macro and micro levels. Comprehending how human nature shapes a company’s innovative powers, or lack thereof, is essential to understanding why some are more successful than others and why. The husks of once mighty companies fallen into staid disrepair litter the history of global commerce, particularly in the United States, and Oestergaard understands on a deep level how our internal biases can shape personal and commercial fortunes for good and ill. He, likewise, highlights the importance of a company’s larger vision, or sense of purpose, married with a goal oriented approach is crucial for growth.
The second part of the book tackles what Oestergaard refers to as the “immune systems” in company culture. There are three tiers – personal immunities, i.e. obstacles presented by employees, organizational immunities, and societal immunities. He examines these three manifestations of obstacles subverting a company’s innovative potential in detail, but takes his observations a step further by prescribing remedies for surmounting them. The third portion of the book lays out a three track plan for innovation. He discusses how company’s can augment innovation using examples like General Electric, among others, and culture hacks with the ability to transform a company from maintaining a status quo stance into one prizing continuous innovation.
AMAZON: https://www.amazon.com/Transforming-L...
Kris Oestergaard’s Transforming Legacy Organizations is a functional work rather than one mired in baseless theorizing. He doesn’t ask readers to accept his ideas on faith alone; instead, the entire book is grounded in proven experience and research. It is an invaluable work for anyone interested in what makes long standing and cutting edge companies successful in the 21st century.
Displaying 1 - 2 of 2 reviews