article thumbnail

On a Consumer Watershed

Marshall Goldsmith

Over the past several years a major shift in customer behavior has reshaped the nature of many markets and is leading to profound changes in how companies attempt to serve those markets. A growing percentage of IBM’s business, for example, now involves customized solutions incorporating non-IBM products and services.

article thumbnail

To Change Your Strategy, First Change How You Think

Harvard Business Review

Therefore his mental model was not how to gain market share from other airlines, but how to create a completely new market for air travel. Many companies have “platform envy” and are trying to emulate the network-based business models of companies like Uber, Amazon, Airbnb, and Paypal.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Why the Problem with Learning Is Unlearning

Harvard Business Review

In every aspect of business, we are operating with mental models that have grown outdated or obsolete, from strategy to marketing to organization to leadership. As an example, last summer I rented a car to travel around Great Britain. We need to unlearn the push model of marketing and explore alternative models.

Porter 8
article thumbnail

Get Started with Big Data: Tie Strategy to Performance

Harvard Business Review

For example, insurance companies can use big data to improve underwriting performance now, while over the longer term they can use it to serve formerly unprofitable customers and ultimately even develop entirely new risk-based businesses. This was the opposite of what consumers had indicated in traditional market research interviews.

article thumbnail

Putting Facebook in Perspective

Harvard Business Review

It's why the CEO of Saatchi and Saatchi recently declared that "Marketing is dead." Organizations: From Hierarchies to Networks. Organizations are also experiencing a shift as employees become more empowered and connected. Organizations are also experiencing a shift as employees become more empowered and connected.

article thumbnail

The Reinvention of NASA

Harvard Business Review

NASA has moved from being a hierarchical, closed system that develops its technologies internally, to an open network organization that embraces open innovation, agility, and collaboration. Culturally this has led to a more outward-looking agency that recognizes the innovative capacity of the market.

article thumbnail

How Leaders Can Let Go Without Losing Control

Harvard Business Review

For example, in the U.S., This means different things for product development, marketing, and customer service. It’s a distributed governance model for networked organizations. In terms of doctrine they are the “principles [that] guide actions in support of objectives.”