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Seeing Around Corners

Page 30

by Rita McGrath


  leveraging, 9–10

  matching inside to outside, 152–54

  negative, 65

  personal, 11, 191–209

  stages, 64

  use of, 208–9

  information gathering, 9

  agile processes, 29–31

  candor, 34–36, 182–83

  challenges to, 23–25

  customer connections, 27–28

  diversity, 28–29

  forecasting, 36–37

  “get out of the building,” 32–34, 38, 131–36, 196–97

  little bets, 31–32

  online tracking, 15–19

  social media, 19–23

  styles of, 27–28, 38

  surveillance capitalism, 14–19

  Infosys, 47

  Innosight, 36, 159

  innovation. See also leadership

  constraints, 152–55, 166

  design thinking, 10, 67–71

  digitization, 122–25, 147–52

  from failure, 152–54

  fostering, 31–32, 38, 125, 170–72

  fun, 179–80

  legacy IT, 149–50

  organizational systems, 10

  problem-focused vs. solution-focused, 120–21, 126

  women, 167–70

  innovation proficiency

  building, 154–56, 165–66, 208–9

  level challenges, 158–65

  scale, 155, 156–58

  innovation theater, 125, 156

  Instagram, 25

  insurance industry, 107–8

  Internet. See also social media

  data collection, 14–21, 140–41

  evolution, 40–43

  impact on teen market, 71–75

  online education, 57

  predicted effects of, 21–22

  regulations, 13, 20, 23–25

  Internet tracking, 15–18

  Invite Media, 114–15

  iPhones, 132, 133

  iterative processes, 10, 67–71, 202–3, 209. See also discovery-driven planning

  J

  Jet.com, 154

  jobs to be done

  changing customer needs, 71–75

  customer motivations, 85–86, 88, 90–94, 100

  lenses, 88

  John, Sharon Price, 169, 185–87

  Johnson, Mark, 153

  Johnson, Peggy, 140

  K

  Kelley, Barbara, 2

  Keyes, Jim, 83

  Kickbox program, 31–32, 161

  Kickstarter, 123–25

  Kin (Microsoft), 129–36

  Kipman, Alex, 140

  Klöckner

  digitization, 147–52, 165–66

  restructuring, 145–46

  Kolditz, Thomas, 188–90

  L

  lagging indicators, 44–45, 64

  LaserDisc, 80

  leadership. See also teams

  agile, 29–31, 38

  clarity of strategy, 138–39

  collaboration, 172–77

  “command-and-control” mindset, 11, 170, 175–76, 183

  crescive, 178–87

  diversity of, 28–29, 38

  empowerment of employees, 28, 30, 38, 139–42

  flexibility, 136–38

  “get out of the building,” 32–34, 38, 134–36

  incentives, 142

  inflection points, 10–11

  innovation theater, 125

  innovation training, 158–59

  isolation of, 27–28, 38

  listening to front-line employees, 112, 127–29, 137–38, 143, 183

  non-hierarchical communication, 28, 151, 165–66, 170, 180

  support of development teams, 131–36, 184–85

  in uncertain times, 10–11

  using feedback, 175–76

  wartime vs. peacetime, 187–90, 209

  women, 167–70

  leading indicators

  building into incentives, 142, 143

  explanation of, 46–47, 64

  external focus, 177

  helpful, 208

  personal, 197

  Lees, Andy, 133–34

  legal challenges, 34–35

  Lencioni, Patrick, 175

  lenses, analytical, 88

  level-skipping communication, 28, 151, 165–66, 170, 180

  lifeline exercise, 204–5

  Lin, Frank, 3

  LinkedIn, 140–41

  LinkNYC, 29

  Linux Foundation, 141

  little bets, 31–32, 38, 103, 125, 208

  Little Bets (Sims), 31, 194

  Lore, Marc, 154

  Lövgren, Pähr, 193–94

  Lyft, 91

  M

  MacMillan, Ian, 115, 119, 158, 206

  Mailchimp, 37

  management. See also leadership

  agile, 29–31, 38

  executive collaboration, 172–77

  inflection points, 10–11

  isolation of, 27–28

  Mulally’s principles, 184–85

  non-hierarchical communication, 28, 151, 165–66, 170, 180

  peripheral information gathering, 56

  strategic planning, 9–10

  support of development, 131–36, 184–85

  talent reallocation, 163–64

  Martin, Roger, 67

  Martínez, Antonio García, 24

  massive open online courses (MOOCs), 57

  maturity stage, 9

  McArdle, Megan, 92

  McChrystal, Stanley, 170, 183

  McCracken, Harry, 139

  McGrath, Rita, 66, 159

  McManus, Ryan, 104, 199–201

  Megaron, 193

  metrics

  consumption, 142

  helpful vs. harmful, 34–35, 38

  indicators, 44–49, 64, 142–43, 177, 197

  Microsoft

  company culture, 127–28, 135–36, 171, 189

  Kin mobile phone, 129–36

  overlooking trends, 43

  Vista operating system, 134–35

  Microsoft Band, 141

  mindset, 137

  MOOCs (massive open online courses), 57

  “More Plugged-In Than Preppy,” 73

  Morfit, G. Mason, 140

  Mulally, Alan, 170, 182, 184–85, 196

  Murray, Brian, 183–84

  N

  Nadella, Satya

  company culture, 127–28, 135–36, 171, 189

  customer focus, 177

  employee empowerment, 139–42

  leading indicators, 48

  learning from Netflix, 140, 202

  National Cancer Moonshot, 114

  Netflix

  vs. Blockbuster, 81–83

  competition, 88–89

  influence on Microsoft, 140

  origin, 78–80

  switch to streaming, 83–88

  networking

  entrepreneurial, 119–20, 126

  personal, 193–95, 209

  Nissan, 187–88

  noise, 49–51

  Nokia, 26, 139, 141

  non-hierarchical communication, 28, 151, 165–66, 170, 180

  Norway, 76

  O

  Obama, Barack, 114

  Octobo, 123–25

  Olson, Matthew, 65

  Only the Paranoid Survive (Grove), 1, 188

  opportunity portfolio analysis, 160

  optimum warning, 51

  OptumRx, 96

  Organisation for Economic Co-operation and Development, 145

  organizational systems, 10, 109–13

  Osterwalder, Alexander, 158

  outcomes

  indicators and, 47–49

  lagging indicators, 45

  P

  pain points

  early signs of inflections, 56–62

  identifying, 87–88

  as opportunities, 82–83, 91–94, 100, 166

  Palihapitiya, Chamath, 23

  Parakilas, Sandy, 23

  Parliament, 194–95

&nbs
p; Payless ShoeSource, 185

  PBMs (pharmacy benefit managers), 96–99

  “peacetime” CEOs, 187–90

  personal inflection points

  connection to greater inflections, 11

  finding edges, 191–97

  forecasting, 196–97, 203–9

  preparation, 198–203

  personal sound amplification products (PSAPs), 4–6

  personal story exercise, 205–6

  Pfizer, 118

  pharmacy benefit managers (PBMs), 96–99

  Pigneur, Yves, 158

  planning, discovery-driven, 1

  caveats, 101–2

  learning from failures, 108–13

  practices, 119–25, 126

  staggering actions, 104–8

  timing, 104, 125

  using data, 113–19

  prescription drugs, 94–99

  pricing business models, 108

  privacy

  consumer attitudes towards, 24

  data collection as invasion, 14–19

  regulations, 13, 20, 23–25

  rights to, 14–15

  privilege, 28–29, 38

  problem-focused planning, 120–21, 126

  Procter & Gamble, 121

  product fatigue, 74

  proficiency, innovation

  building, 154–56, 165–66

  level challenges, 158–65

  scale, 155, 156–58

  Progressive, 108

  proofs of concept, 161–62

  prototypes, 202

  PSAPs (personal sound amplification products), 4–6

  PuR, 121

  Pure Atria, 79

  Pure Software, 79

  Purohit, Sanjay, 47

  Q

  qualitative indicators, 46–47

  Quirky platform, 161

  Qwikster, 85–86

  R

  rallying cries, 175

  Raman, Manjari, 58

  Rand McNally, 35–36

  Randall, Mark, 31–32

  Randolph, Marc, 78–79

  regulation

  data collection, 13, 20, 23–25

  FDA clinical trials, 118

  renewable energy, 53–56

  resource pools. See arena-based analysis

  Revlon, 161

  ride-hailing companies, 91–94

  Ries, Eric, 149

  risk, shared, 189

  The Road Ahead (Gates), 43

  Robots & Pencils, 178–80

  Rose, Frank, 36, 197

  Rubin, Andy, 131, 133

  Rühl, Gisbert

  aspirations, 144

  context analysis, 160

  digitization of steel supply chain, 147–52

  inspiration, 197

  restructuring at Klöckner, 145–46

  step-by-step innovation, 165–66

  S

  SaaS (software as a service), 172–73

  Saffo, Paul, 102

  Sahlman, William, 8

  Samba, 18–19

  Say Media (was VideoEgg), 115

  scalability, 162

  scenario planning, 52–56, 209

  Schumpeter, Joseph, 2

  SDSS (“Stop doing stupid stuff”), 187

  “See it, Plan it, Action it, Repeat it, Keep the faith” (SPARK), 186–87

  Shahani, Aarti, 34

  Siemens, 110–11, 112

  signal strength

  interpreting weak, 40–43, 62–63, 208–9

  ratio to freedom, 49–51

  signal-to-noise ratios, 49, 51

  Sikorsky, Michael, 178–80

  silos. See also “get out of the building”

  breaking down, 28, 151, 165–66, 170, 180

  internally imposed constraints, 154–55

  Sims, Peter, 31, 103, 194

  skepticism, 40–43

  skill-based credentialing, 56–62

  skunk works, 161–62

  Slack, 180

  smart devices

  early, 131–32

  impact on teen market, 71–75

  Microsoft Kin, 129–36

  privacy, 18–19

  shifting constraints, 90–91

  Smith, Adam, 136

  social media. See also Facebook

  blind spots, 13–14

  challenges to, 23–25

  emotional impacts of, 22–23

  fakes, 22

  impact on teen market, 71–75

  Instagram, 25

  LinkedIn, 140–41

  Twitter, 141

  warnings, 21–23

  software as a service (SaaS), 172–73

  solar energy, 53–56

  solution-focused planning, 120–21, 126

  Solve Next, 34

  Sorkin, Andrew Ross, 181

  Soros, George, 21

  Spar, Debora, 168–69

  Sparapani, Tim, 15

  SPARK (“See it, Plan it, Action it, Repeat it, Keep the faith”), 186–87

  stability, 63–64. See also change

  stages, inflection point, 8–9

  Stakeholder Centered Coaching, 195–96

  Statoil (now Equinor), 76

  steel industry

  Great Recession of 2008, 145–48, 165

  mini-mills, 61–62

  service centers, 144–45

  supply chain digitization, 147–52

  Stevenson, Howard, 8

  Stoll, Clifford, 40

  “Stop doing stupid stuff” (SDSS), 187

  strategic inflection points. See inflection points

  strategy

  alignment, 170, 174

  clarity, 138–39, 175, 180–82

  elements, 9–10

  intersection with technology, 200

  streaming media

  antecedents, 79–80

  customer influence, 82–87

  early inflection points, 81–82

  Su, Yuting, 123–25

  success, defining, 121–22

  Sull, Don, 182

  surveillance capitalism. See also data

  challenges to, 23–25

  combining databases, 15–16

  extent, 14–19

  financial value, 15

  Sweet, Julia, 197, 199

  systems, innovation, 163–65

  Systrom, Kevin, 25

  T

  Take5 Solutions, 16

  Taleb, Nassim Nicholas, 103–4, 122, 182

  taxi services, 91–92

  Tay chatbot, 141, 189

  Taylor, Frederick Winslow, 136

  Team of Teams (McChrystal), 183

  teams

  executive collaboration, 172–77

  Mulally’s principles, 184–85

  non-hierarchical communication, 28, 151, 165–66, 170, 180

  strategic planning, 9–10

  support of development, 131–36, 184–85

  talent reallocation, 163–64

  televisions, smart, 18

  10X. See inflection points

  Thinkers50 rankings, 62

  Thinker-Tinker, 123–25

  Thompson, Derek, 135

  Time Warner, 41

  time zero

  event identification, 51–56, 64

  freedom to signal strength ratio, 49–51

  timing

  of digitization, 104–8

  moving too early, 104

  T-Mobile Sidekick, 131–32

  toy industry, 122–25, 169, 185–87

  Toys “R” Us, 123

  triggers, inflection point, 7

  Turner, Nat, 114–19, 193, 202

  21st Century Cures Act of 2016, 114

  Twitter, 141

  type 1/type 2 decisions, 29–31, 38

  U

  Uber, 91–94

  underwriting business models, 108

  UnitedHealth Group, 96

  universities. See higher education

  V

  value chains, 66

  van Bever, Derek, 65

  vantage points, monitoring, 9, 208

  a
gile processes, 29–31

  candor, 34–36, 182–83

  customer connections, 27–28

  definition, 26

  diversity, 28–29

  forecasting, 36–37

  “get out of the building,” 32–34, 38, 131–36, 196–97

 

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