Hilary Forrest’s Post

Reasons why business leaders should be proactive in reinventing their business model if and when growth stagnates, before customers find new buddies in their rivals. This PWC article will help you. A good read. ......''Hyperbolic? Consider that 52% of the companies that were listed on the Fortune 500 in 2003 have since gone bankrupt, been acquired, or otherwise ceased to exist. And that 45% of respondents in PwC’s most recent Global CEO Survey said their company won’t be viable in ten years if it sticks to its current path. Against this backdrop, it’s no exaggeration to say that how CEOs and their leadership teams tackle the reinvention imperative will determine their companies’ future. In response, we offer you a practical way of thinking about business model reinvention that helps you better understand the challenges and start taking appropriate action. We also hope to bring a measure of optimism to what can otherwise be a “doom and gloom” examination of the challenges we face. Remember: every problem, every risk, contains the seed of significant rewards if you can identify and seize the opportunities they present (see sidebar, “Let’s take a deep breath,” for more)''

Even the insurance industry will also have to reinvent itself in the near future. We will have to reconceive our offer, moving from the insurance policies to prevention and then to experience, combining value chains that are currently unknown to us. We will have to create open structures and above all take advantage of all the data available, wherever they are if public to fill our gaps in terms of frequency of contact compared to other sectors and be increasingly closer to customers We will have to move from companies based on work, in which people they are paid to do, to a company where people are paid to think, to innovate. Beautiful but very demanding challenges. In this article some tools to start the journey

Insightful article & research from #PwC - « A practical guide for reimagining how your company creates, delivers, and captures value. » Ready or not, today’s #organizations are entering a #newera characterized by a whirlwind of #technologicaldisruption, #climatechange, #socialinstability, and other #longtermmegatrends. Some #CEOs will look back at the next few years as a formative time when they #learned to #adapt—and thrive—by radically transforming how they #create, #deliver, and #capturevalue. Others will see their #companies fall behind rivals, destined to play a frustrating game of catch-up. And some will inevitably look back and wonder how their once-thriving organizations became the answers to business trivia questions. ➡️Creating value through business model innovation ➡️Look outside your company ➡️Understand yourself ➡️Take action #CEOs #leadership #create #adaptability #delivery #capturevalue #climatechange #technologicaldisruption #socialinstability 👉https://lnkd.in/eJfS_bCq

In PwC's recent CEO survey, 45% of leaders expressed concerns about their company's viability over the next decade if they maintain their current trajectory. 🌍 This insight highlights the need for businesses to embrace change. With the rapid pace of #TechnologicalDisruption and the escalating impact of #ClimateChange, sticking to the status quo is no longer the sole option. The solution lies in reinventing business models to proactively anticipate and meet evolving customer needs. Transformation is crucial for positioning businesses to thrive in light of the anticipated #changes ahead. I invite you to read the article and share your thoughts 💡 https://lnkd.in/eb3PQY5k #BusinessTransformation #Strategy #Innovation #Sustainability #Leadership Mauro Xavier Gerald Borchert Stefano Bellandi Oz Ozturk Nicola Quincey Lars Leemhorst Marc Bourdé Quinton Pienaar Nicholas Marshall

While many leaders have taken steps to actively reshape and evolve, 45% is a statistic that underscores the urgency for transformative change and reinvention. While the adoption of #technology is essential and crucial for future success, the focus needs to extend beyond technology itself. Developing the right skills and nurturing talent are equally vital. CEOs appear to be taking personal responsibility for driving these changes within their organisations. Dedicated #transformationleaders and projects are on the rise and with this, #reimagining business models and investing in #technology to #empower our people.

Sunday Morning Read Many organizations are facing plateaued growth and increased market competition. Consequently, reinvigorated business model may be the key to unlocking new opportunities and driving sustainable growth. PwC's comprehensive guide offers a strategic framework for reimagining how your company may create, deliver, and capture value. Discover actionable steps to: - Identify your core competencies, unique value proposition, and target customer segments to clarify your strategic focus. - Design a flexible and adaptable business model that can pivot in response to changing market dynamics and emerging technologies. - Cultivate a culture of innovation and experimentation to foster new ideas, test assumptions, and launch new products or services. To review the practical guide, please click below. #BusinessModelInnovation #BusinessStrategy #Leadership #PwC #SustainedOutcomes

Forward-looking companies are rethinking how they create, deliver, and capture value—and are setting themselves up for success. In our new strategy+business article, my colleagues Venky Jayaraman and Veronique Roos-Emonds, and I explore how leaders are challenging long-held assumptions and creating value from business model reinvention. Read more here, and please share your comments and feedback.

A great read with insight and approach to the rapidly-evolving landscape companies currently face: - Organizations are entering a new era characterized by technological disruption, climate change, social instability, and long-term megatrends. - Many companies have fallen behind or gone bankrupt due to the changing business landscape. - CEOs and their leadership teams must tackle the reinvention imperative to ensure their companies' future success. - Business model reinvention involves radically transforming how a company creates, delivers, and captures value. - Inertia and resistance to change can hinder business model innovation, so leaders must address these challenges. - Taking action through pilot projects and minimum viable products can help companies learn, adapt, and scale their business model changes. - Embracing business model reinvention and taking intentional action now will increase the chances of success in the face of future challenges.

In today's dynamic business landscape, the ability to embrace change and foster innovation is not just advantageous—it's essential for sustainable success. Research consistently shows that organizations that innovate and adapt quickly are more likely to thrive in competitive markets. According to a study by McKinsey, companies that prioritize innovation not only outperform their peers but also see higher employee satisfaction and retention rates. This underscores the importance of fostering a culture that encourages and rewards innovation at every level. In this week’s discussion with Ronsley Vaz, his knowledge on AI is crucial in adapting in the fast-paced world. As a leader, your role in embracing change goes beyond mere adaptation; it involves actively shaping a culture that welcomes new ideas and experiments with different approaches. Take inspiration from leaders who continuously push the boundaries of innovation at Tesla and SpaceX, driving forward-thinking solutions in sustainable energy and space exploration. By encouraging a mindset of continuous improvement and learning from failures, you empower your team to innovate fearlessly. Leading through change requires agility and a forward-looking perspective. By embracing new technologies, exploring emerging trends, and encouraging cross-functional collaboration, you create a fertile ground for innovation to flourish. Remember, the journey towards innovation begins with a willingness to challenge the status quo and explore new possibilities. Let's navigate the future together with courage and creativity. #businessexcellence #culture #leadership #strategy #returnonculture #entrepreneurship #business #futurist #values #future #futureofwork #raelbricker #futureofculture #professionalspeaking #purpose #management #podcastlife EP: https://postly.click/P9_

In today's dynamic business landscape, the ability to embrace change and foster innovation is not just advantageous—it's essential for sustainable success. Research consistently shows that organizations that innovate and adapt quickly are more likely to thrive in competitive markets. According to a study by McKinsey, companies that prioritize innovation not only outperform their peers but also see higher employee satisfaction and retention rates. This underscores the importance of fostering a culture that encourages and rewards innovation at every level. In this week’s discussion with Ronsley Vaz, his knowledge on AI is crucial in adapting in the fast-paced world. As a leader, your role in embracing change goes beyond mere adaptation; it involves actively shaping a culture that welcomes new ideas and experiments with different approaches. Take inspiration from leaders who continuously push the boundaries of innovation at Tesla and SpaceX, driving forward-thinking solutions in sustainable energy and space exploration. By encouraging a mindset of continuous improvement and learning from failures, you empower your team to innovate fearlessly. Leading through change requires agility and a forward-looking perspective. By embracing new technologies, exploring emerging trends, and encouraging cross-functional collaboration, you create a fertile ground for innovation to flourish. Remember, the journey towards innovation begins with a willingness to challenge the status quo and explore new possibilities. Let's navigate the future together with courage and creativity. #businessexcellence #culture #leadership #strategy #returnonculture #entrepreneurship #business #futurist #values #future #futureofwork #raelbricker #futureofculture #professionalspeaking #purpose #management #podcastlife EP: https://postly.click/P9_