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Life comes at you quick
Last week at the A-ha! Conference, my keynote entitled “Gradually, Then Suddenly” discussed the impacts of technology and data on the pace of business and how corporations generally get caught flat-footed responding to these changes.
Some highlights scattered below.
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In several cases, we saw public companies exhibit a 20–24 month gradual decline in stock price followed by a sudden drop (5–6 months) as you’ll see in the keynote.
More than ever, we’re also seeing activist shareholders agitating for changes when they feel companies and management teams are unable to respond to technology, product, and distribution innovations.
We’ve seen a number of CEOs under pressure with several forced to spend more time with their families for not responding to threats early enough.
Per our soon-to-be-released State of Innovation Report, which surveys 677 corporate strategy professionals, corporations get most of their innovation ideas from customers and employees which is necessary but certainly not sufficient.
It leads to a lot of incremental flavor innovation ideas, which is a big part of why corporations are unable to respond to more disruptive threats to their business.