Five Ways to Face the Fear of Innovation Before It’s Too Late
Some say that Corporate innovation is an oxymoron. Corporations are built to execute a known business model at scale. This is what makes them so different from startups. Startups are searching for a business model they hope to scale in the future, if they survive. It is our belief that this is why it is so difficult for corporations to innovate like startups. Difficult, but not impossible.
The Future of Retail is Already Happening
A customer visits their local grocery store where they can research and purchase items using their mobile phone or order online the items they want and have it delivered within an hour. Another customer heads to the mall and can order an out-of-stock color and size of a shirt they tried on in the store using a virtual shelf kiosk. A young woman uses a magic mirror in the ladies restroom to see new colors and styles of cosmetics which can then be purchased from a vending machine. A small shopkeeper uses big data to make sure his convenience store is stocked with the items his clientele demand most and these customers can order ahead and pick it up on their way home. Sounds like an interesting shopping experience in the future? Well, in China, the future is now.
How to Survive the Retail Apocalypse
We are on the edge of a massive extinction event. It’s not one you may think; it is the death of the American Shopping Mall. Retail giants like Sears, Macy’s and Kmart have all announced store closures with other big-box retailers and smaller specialty stores disappearing altogether.
Bottlenecks and Backstabbing: Leading Your Company Out of Organizational Debt
In this era of uncertainty and exponential change, running an organization can be harder than ever — even by seasoned leaders. Markets, technology, and knowledge are evolving faster that organizations can learn or adapt. The speed of change is even affecting the organization itself. This is why leadership skills, both innate and learned, are becoming increasingly important during this age of innovation.