Remove Early Adopters Remove Management Remove Operations Remove Resistance
article thumbnail

3 Major Challenges Financial Institutions Face When Implementing Business Insight Technology

Strategy Driven

But you must also remember that any new technology you onboard will bring change to your bank’s operations—some of which isn’t welcome just yet. A Resistant Culture. This kind of resistance is possible across different levels of the enterprise, from upper management to rank-and-file banking staff.

article thumbnail

0511 | Larry Downes: Full Transcript

LDRLB

In a better and cheaper world, you use the term big bang disruption or the sort of shark fin to describe what this model looks like, that you scale up to those early adopters becoming the majority way quicker than you can predict nowadays. We’re trying to figure out why some industries seem to be more resistant to others.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Guest Post: Change Management Models

Change Starts Here

The following article shares one practitioner’s journey to uncover new models and expand his change management toolkit. Change management models. I am a process guy by training, but I make my living from change management. So whilst I might be a process guy it is change management that pays my mortgage.

ADKAR 60
article thumbnail

Most Industries Are Nowhere Close to Realizing the Potential of Analytics

Harvard Business Review

In many cases, the culprit is a gap between launching a few analytics experiments and embedding these insights into the operating model of the larger organization. Merely layering powerful technology systems on top of existing operations is not enough. Another critical piece of the puzzle is acquiring the right capabilities.

article thumbnail

A Survey of 3,000 Executives Reveals How Businesses Succeed with AI

Harvard Business Review

And AI success stories are becoming more numerous and diverse, from Amazon reaping operational efficiencies using its AI-powered Kiva warehouse robots, to GE keeping its industrial equipment running by leveraging AI for predictive maintenance. Resist the temptation to put technology teams solely in charge of AI initiatives.

Survey 10
article thumbnail

Improve Decision-Making With Help From the Crowd

Harvard Business Review

Most decisions in organizations are made by escalating them up the management hierarchy — and it’s usually the highest paid person in the room’s opinion (“HIPPO”) that prevails. Consider these three examples from the frontiers of management: Funding decisions at most organizations are made by senior management or maybe an independent panel.