Digital Transformation Or Digital Free Fall: What Every CEO Must Know

N2Growth Blog

The speed of technology advances in the market are making the old paradigm of first mover versus fast follower largely irrelevant – every business must now become some version of a first mover. Every organization occupies a unique place on the spectrum of digital transformation.

First Mover or Fast Follower?

Harvard Business Review

Here's one of the biggest that would-be innovators should ask: Should I lead or follow? Is the advantage to the "first mover" or should you be a "fast follower"? But make sure that when you say that you want to be a fast follower you aren't really saying, "Can't I just go back to running my core business?" Transformational developments are swirling around the banking industry — as they are in nearly every industry.

Trending Sources

5 Leadership Lessons: The Velocity Manifesto

Leading Blog

The thing you want to be these days is a “fast follower.” Instead, you want to quickly follow the first movers who are trying to capitalize on a blossoming trend. In order to play a high-speed game, you need team members who can work at a fast pace—and you also need a team than can work without friction.

CIO 45

Is Blogging Dead?

N2Growth Blog

Before you draw the conclusion blogging is dead, you might want to read the text that follows… Don’t Believe Everything You Read – Especially When It’s Labeled As Research. By Mike Myatt , Chief Strategy Officer, N2growth. I read an interesting article in Inc.

Blog 46

How To Think About Innovation Differently

Joseph Lalonde

Move fast, follow momentum – The future is always changing. Instead, take the mindset of moving fast. B obby Gruenewald opens up the first official session of the Catalyst Atlanta Lab. Bobby is the Pastor and Innovation Leader at LifeChurch.tv.

Sprints Are the Secret to Getting More Done

Harvard Business Review

The idea is to fast-forward a project, so you can see what the end result might look like and how the market will react. Sprints encourage fast follow-up. ANDREW NGUYEN/hbr staff. Most workdays aren’t terribly productive.

Five Questions Every Leader Should Ask About Organizational Design

Harvard Business Review

For example, new product development may be the lifeblood of a consumer products company—and thus need to be cultivated and resourced carefully—while in a low-cost producer, or fast follower company, product development may be only a nice-to-have activity. A few years ago Dave Ulrich, a management thought leader from the University of Michigan, made a comment I found both insightful and profound: “ Every leader needs to have a model of organization design.”

Too Much Profit Can Doom Your Company

Harvard Business Review

The contrast could not be clearer: Amazon – fearlessly making big, risky bets like a serial entrepreneur; and Microsoft, eschewing disruptive innovation in favor of remaining the “ fast follower ” it has always been, wringing profit from previously proven technologies.

Strategic Choices Need to Be Made Simultaneously, Not Sequentially

Harvard Business Review

Despite what many think, there are not generically great ways to win — e.g., being a first mover or a fast follower or a branded player or a cost leader. The CEO of a large Australian company called me to relay a particular strategy development problem his firm was facing, and ask for my advice.

Xbox Live: How an Old Tech Company Built a Social Media Juggernaut

Harvard Business Review

Fair or not, Microsoft has long had a reputation for being a fast follower. This week much of the country has been transfixed by the NBA playoffs, in which two 36-year-old superstars — Tim Duncan of the San Antonio Spurs and Kevin Garnett of the Boston Celtics — have been playing as if they found a time machine. Their success is a reminder that the conventional wisdom that basketball is a game for young people doesn't always apply.

IPO 4

Case Study: How Do You Compete with a Goliath?

Harvard Business Review

” “Not so fast,” Soledad warned. “This is one of the risks of a fast-follower strategy,” Soledad said.

Are You Driving Too Much Change, Too Fast?

Harvard Business Review

The congealing critical consensus is that Johnson's bold overhaul of the sagging American retailing icon went too far too fast. She's outlined a long-term recovery strategy but the congealing critical consensus is that she's simply not moving fast enough. Pity Ron Johnson.

Amazon's Fire and the New Integrated Platform

Harvard Business Review

Even when Bezos appears to be a fast follower, he's attempting to generate leapfrog momentum. Perhaps Jeff Bezos reread Sun Tzu on his Kindle. His " Fire " fight is neither a declaration of tablet war nor a clashing of clouds. It's much, much bigger. Steve Jobs, Larry and Sergey, Reed Hastings, Steve Ballmer, and Mark Zuckerberg know exactly what's going on. Amazon has plunked itself smack dab in the middle of their own business models and aspirations.

Build Your Bench Strength Without Breaking the Bank

Harvard Business Review

Many social enterprises start small and grow fast. But it's critically important if yours is a fast-growing organization. But it was growing fast. Follow the Scaling Social Impact insight center on Twitter @ScalingSocial and register to stay informed and give us feedback.

The Right Entry Point for Emerging Markets

Harvard Business Review

So, what follows is my attempt to answer a few of the most interesting unanswered audience questions. Sometimes the best form of market research is getting out in the market and starting the process of fast-cycle iteration. In many markets, gone are the days where you would carefully optimize a product launch following stage rounds of carefully crafted market research. The world simply moves too fast these days. Or is there an absolute measure we all should follow?

The Way Forward for Samsung, and Innovation

Harvard Business Review

Samsung has built its name over the past two decades on being the world's greatest Fast Follower. The real impact of the Apple verdict is to make it clear to the whole world what forward-looking innovators have known for some time: that following is no longer the safest bet in consumer goods. Apple's recent legal victory over Samsung has prompted an outpouring of worried speculation about the future of technology and design that's almost unprecedented.

A Call to Arms for Corporate Innovators

Harvard Business Review

Further, while some start-ups legitimately have the potential to change the world, many more are fast followers looking for a "quick flip." Let me make one thing clear. I love entrepreneurs. I admire their creativity, ingenuity, and perseverance. I have stood in their shoes as we built out Innosight's core business and explored new geographies and offerings. I have also funded many entrepreneurs through our company's venture investment arm.

Xbox Live: How an Old Tech Company Built a Social Media Juggernaut

Harvard Business Review

Fair or not, Microsoft has long had a reputation for being a fast follower. This week much of the country has been transfixed by the NBA playoffs, in which two 36-year-old superstars — Tim Duncan of the San Antonio Spurs and Kevin Garnett of the Boston Celtics — have been playing as if they found a time machine. Their success is a reminder that the conventional wisdom that basketball is a game for young people doesn't always apply.

What's Wrong With America's Innovation Policies

Harvard Business Review

China's brilliant "Fast Follower" innovation policy is generating the biggest transfer of technology in history. President Obama gave a stirring speech last night, saying "We need to out-innovate, out-educate, and out-build the rest of the world." He used the word "innovate" more times in his State of the Union than any other U.S. president. To those of us who believe the future of the country depends on its innovative capabilities, this was hugely positive.

Verizon, the iPhone, and the Power of Second Chances

Harvard Business Review

There is still a debate in strategy circles about whether it is better to be the first mover or a fast follower, and whether missing out on the first wave of disruptive innovation means falling behind forever. If you can't do it right the first time, then do it better the second time. That's one of my favorite guideposts for sustainable business success, and Verizon is my latest poster child for this truth of business strategy (and life).

The Buzz on Green Business in China

Harvard Business Review

But don't count them out for long; if there's one thing Chinese companies are good at, it's implementing a "fast follower" strategy. I visited Beijing last week, speaking to a group of corporate executives assembled by a major NGO to work on climate change issues. Besides the meeting itself, I was struck by the considerable focus on green issues in China. Each morning at my hotel I received the China Daily , the country's main English-language newspaper.

NGO 0

The Buzz on Green Business in China

Harvard Business Review

Follow him on Twitter at @GreenAdvantage. But dont count them out for long; if theres one thing Chinese companies are good at, its implementing a "fast follower" strategy. But dont count them out for long; if theres one thing Chinese companies are good at, its implementing a "fast follower" strategy. We ask that you adhere to the following guidelines.

NGO 0

The New New International Economic Order

Harvard Business Review

In the 1970s, particularly following the oil crisis of 1973, developing countries used the United Nations Conference on Trade and Development (UNCTAD), which had been set up in 1964 as a counter to the General Agreement on Tariffs and Trade (GATT, the forerunner of the World Trade Organization, WTO), to press for changes in the management of the global economic system. The choice of who will lead the World Bank has been made.