30 likes | 265 Views
Same Material | 2 ways What follows is an example of how I used one slide in 2 ways. Standard PowerPoint slide for use when projected (simple) Printed “leave-behind” (includes full commentary and conveys meaning and significance as a standalone document).
E N D
Same Material |2 ways • What follows is an example of how I used one slide in 2 ways. • Standard PowerPoint slide for use when projected (simple) • Printed “leave-behind” (includes full commentary and conveys meaning and significance as a standalone document)
Business Process Innovation The Basis for Competition “… in this more competitive environment, the mantra for any CEO should be… First, deploy a Then separate yourself from the pack by coming up with Finally, use the these business innovations widely and reliably.” FOR PROJECTION Source: Investing in IT that Makes a Competitive Difference | McAffee & Brynjolffsen, Harvard Business Review
Business Process Innovation The Basis for Competition Source: Investing in IT that Makes a Competitive DifferenceMcAffee & Brynjolffsen, Harvard Business Review “… in this more competitive environment, the mantra for any CEO should be… We know from experience that hiding under a rock during tough times is not a good strategy. The first thing for sure is that leadership is no longer guaranteed. If you look at the top ten retailers in 1990 and you compare them with today, only three remain. We need to be reinventing and investing and regrouping during this economy. But what does experience tell us to do? Two professors at HBS and MIT Sloan School, McAffee & Brynjolffsen respectively, did a study of all publicly traded US companies in all industries from 1960 to 2005 and found a consistent pattern among highly competitive industries. They identified a set of industries with a high level of competitiveness that were driven by innovation and reinvented themselves to the point where the strongest and most creative stayed on top. Like it or not, Retail is one of those industries that thrives on innovation and creativity as opposed to conventional manufacturing that relies more on operational efficiencies. For companies in competitive industries like retail, McAffee & Brynjolffsen found a consistent pattern. First, winners in these industries deploy a consistent technology platform. A hodge-podge platform or a patchwork quilt will not work. Second, they focus on process innovation—better ways of working that create value for the business and their customers. Finally, they use the technology platform to rapidly propagate these innovations across the enterprise. Business process innovation is the basis of competition, particularly in the most dynamic industries. McAffee & Brynjolffsen found that companies who made investments in the codification and propagation of these business processes were able to innovate more rapidly and stay ahead of the competition. First, deploy a consistent technology platform Then separate yourself from the pack by coming up with better ways of working Finally, use the platform to propagatethese innovations widely and reliably.” 3 FOR PRINT