Dual Transformation Quotes

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Dual Transformation Quotes
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“After all, we also suffer from a range of biases that inhibit our ability to accurately assess strengths and weaknesses (which explains why 90 percent of drivers self-report being above average). When we ask most companies what allows them to win in business, the most common response, after a spell of awkward silence, is, “Our brands.” Then we innocently follow up by asking the last time an industry upstart called, looking to license a corporate brand (typical answer: “Never”), or we ask them their estimated net promoter score (typical answer: either “What’s that?” or a negative number). The next contender typically is scale. But even though scale can create significant advantage, it also can carry downsides, such as molasses-like decision-making processes or inflexibility.”
― Dual Transformation: How to Reposition Today's Business While Creating the Future
― Dual Transformation: How to Reposition Today's Business While Creating the Future
“Creating a new business from scratch is hard, but executives of incumbents have the dual challenge of creating new businesses while simultaneously staving off never-ending attacks on existing operations, which provide vital cash flow and capabilities to invest in growth. The hastening pace of disruptive change means leaders have precious little time to respond. In fact, the time when leaders need to be most prepared for a change is right at the moment when they feel they’re at the very top of their game.”
― Dual Transformation: How to Reposition Today's Business While Creating the Future
― Dual Transformation: How to Reposition Today's Business While Creating the Future