Tuesday, September 07, 2010

The need to re-invent a business

The world is changing at an accelerating pace. So companies have to change at an accelerating pace. This is an enormous challenge for executives, who are already dealing with the increasing and 24 hour demands on their time. Some of this is best achieved by better processes, but some has to be done via a culture which rewards change and encourages people to constantly improve, not just incrementally, but also step changes.

This tends to be easier for organizations which do not have a vested interest in the way in which things have always been done, but some have demonstrated the ability to re-invent themselves. Apple may be the shining example of how to do this, having changed technology, business model and organization several times.

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