The Boss Says We're an Innovation Company Now

Your leadership states that you’re no longer in an <xyz> company, but instead you’re now an innovation company. How will that transition play out over the next few years?

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SO THE BOSS DECIDES THAT YOU’RE AN INNOVATION COMPANY 

For large companies, how do you manage a major transformation, which extends across both technology and culture?  

WHAT WORKS, WHAT BREAKS, WHO STAYS and WHO LEAVES?

• Airlines are fearful of video conferencing
• Streaming companies are fearful of gaming companies
• Automotive companies are about technology more than horsepower
• When farm equipment companies become farmer data companies?

Gracely’s Theorem #2 - Digital Transformation is drawing a straight line between your company and your customers, via the Internet. 

• Who and What gets left out? 
• What gets prioritized? 
• Who is your competition?

1. What timelines have been communicated to the market, partners, stakeholders, customers?
2. What are the initial focus areas? 
3. How do you plan to measure success? 
4. What will be the wins in the first 3 months, 6 months and 12 months? 
   1. Do you understand the importance of communicating these wins?
5. How willing are you to ask for help, accept help, and pay for help?

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