It used to take a company 20 years to be worth a billion dollars, now it can take just two. Industry commentators have stated that the future belongs only to the fast. New challengers, including "born in the cloud” start-ups, are disrupting markets by deploying new technologies quickly to achieve agility. For many larger organizations, the challenge is how to execute similar changes in a considered way. To reap the benefits of digital transformation, companies must understand that realizing agility and competitive advantage will look different given their greater complexity and reach. In an age of “disruption” leaders have an opportunity to reframe their ambitions. To stay competitive, organizations should pivot their thinking toward “rapid incrementalism"— looking at what defines success and altering existing structures to make the most of what they have. Instead of viewing constraints as limiting or restrictive, businesses need to realize that they can drive incredib...
Finding cool ways new technology and emerging trends is creating new opportunities for businesses.