We live in an age of disruptive innovation, as a number of new technologies make possible innovations that threaten traditional industry structures and economics. Incumbents turn to innovation as a means to stimulate growth or ensure survival, however innovation is also not without risks. The opportunity for risk managers in established organisations is to rethink some fundamental risk management techniques, adhering to the adage: ‘disrupt yourself, before you are disrupted’.
Minimum Viable Mobilisation (MVM) applies ideas from agile, lean startup and design thinking to the initiation and planning of strategic initiatives such as transformation and growth programs. This article identifies the 10 keys to MVM to set up a strategic initiative for success.
Tagged with: agile
, design thinking
, minimum viable
, project initiation
, project planning
, strategic initiatives
, strategy execution
, strategy implementation
, strategy mobilisation
Posted in Change management
, Program and project management
, Strategy execution and mobilisation
Innovation is increasingly important to individuals, organisations and economies. However, startups and new ventures have a high failure rate. This article outlines three keys to managing innovation risk in order to improve the chances of success.
Bringing a new strategy to life is challenging for any organisation or function. Significantly accelerating the timeframe to find a cure for brain cancer was the challenge that the Cure For Life Foundation took on about a year ago. While the journey is still in its early stages, I’d like to share my top 3 reflections on implementing a radically different strategy. These common themes will undoubtedly resonate with other bold change leaders.
Speedy strategy execution is crucial in an environment of constant and accelerating change. After the initial excitement has worn off, how do you, as leader, know whether progress is being made? How do you know whether your people are setting themselves up for success, and how do you accelerate strategy execution? Read on for 5 things you should watch out for.