article thumbnail

Leadership and Digital Transformation

N2Growth Blog

Even the swiftest of fast followers will struggle to not choke on the dust of first movers in today’s world. Start thinking about opportunities based on insights, customers, markets, and business models. Again, innovation requires deviation from the norm in all areas, but mostly in what you do and how you do it.

article thumbnail

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

N2Growth Blog

The special ones, they see it as a chance to create advantage, to deliver value and to innovate at scale. Innovation has always been synonymous with business survival and that hasn’t changed. What has changed is the pace and scale at which businesses must innovate to remain competitive in a digital world.

Insiders

Sign Up for our Newsletter

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

article thumbnail

First Mover or Fast Follower?

Harvard Business Review

Many of these trends seem to fit historical patterns of transformation , which means banks need to up their innovation game. The first innovators in the market are often too early in the technology curve. Here's one of the biggest that would-be innovators should ask: Should I lead or follow? All good questions.

article thumbnail

A Call to Arms for Corporate Innovators

Harvard Business Review

I am writing today, however, to praise corporate innovation. Further, while some start-ups legitimately have the potential to change the world, many more are fast followers looking for a "quick flip." Corporate innovation? I imagine most teenagers don't dream of working on innovation inside a big company.

article thumbnail

What's Wrong With America's Innovation Policies

Harvard Business Review

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. But the obstacles to boosting innovation in the US are far higher than the President acknowledged.

article thumbnail

The Way Forward for Samsung, and Innovation

Harvard Business Review

But the gravest concern we've heard, that the ruling creates a legal climate that will stifle innovation, is unfounded. Samsung has built its name over the past two decades on being the world's greatest Fast Follower. Bloggers and reporters are pushing this idea from a business- or technology-oriented mindset.

article thumbnail

The Right Entry Point for Emerging Markets

Harvard Business Review

The topic — part of a series on innovation sponsored by Singapore's Economic Development Board and coordinated by Harvard Business Review — was "What's the Right Entry Point for Emerging Markets: Target Customers at the Bottom or the Middle of the Pyramid?". billion by 2030. Reaching this vast middle won't be easy, I said.