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TechNexus Perspective · Ecosystem News · Media
Whether they do it out of fear or complacency, the CEOs who continue to operate within their “four walls” — who refuse to look to external sources to help drive innovation — will increasingly find themselves out of a job.
Simply put, boards are no longer hesitating to oust CEOs who aren’t forward-thinking. Even if profits are fine and cash is fluid. So, how does a CEO (or rising CEO) innovate? They need to go beyond paying lip service to it. They need to treat their business not as a singular entity, but as a larger ecosystem that actively seeks collaboration. They need to incentivize the rank-and-file to think outside the box — to think of new ideas and new ways to do business.
I go into more detail in the post below, but I’d like to hear from you. What do business leaders need to do to not only survive disruption, but thrive because of it?
Using a conventional approach, corporations are paying more than they should to develop new products, markets, or revenue streams. Capital can be employed much more effectively using something like Branch Rickey’s farm system.