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The answer is: 10 years to change a culture

Jeffrey Phillips

Many of us who work in the consulting and strategy space often talk about the difficulties in understanding and more importantly, changing a corporate culture. That is, we want the culture to adapt to market needs and changes that everyone can see but inertia keeps the company from making.

Culture 211
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These companies failed because leaders did not want to hear bad news: The Ostrich Effect

Idea to Value

This can be especially dangerous when the problem they are avoiding is that they are being disrupted , other companies are out-innovating them, an important project is off-target or performance KPIs are falling behind. Following the Dieselgate scandal, questions abounded about how such a culture could have grown, and what needed to change.

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Does the Stock Market Inhibit Innovation?

Destination Innovation

Are private companies more innovative than public companies? found that when companies went public the quality of internal innovation declined and firms experienced both an exodus of skilled inventors and a decline in the productivity of remaining inventors. What happens to an innovative start-up which goes public?

Marketing 100
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When capitalism works, everybody wins

Christensen Institute

In 2015, the private equity firm purchased CHI Overhead Doors, a garage door manufacturing company, for around $600 million. Josh Ryan, an assembly-line supervisor at CHI put it this way , “It is life-altering, I can’t explain how much it’s going to change—not just people’s lives here—it’s going to change this entire community.”

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Innovators in FMCG love Direct to Consumer

Destination Innovation

In 2010 the Gillette brand which is owned by Proctor and Gamble held 70% of the US market for razors. Its market share has now slid to around 50%. It has suffered at the hands of two aggressive start-up companies which went direct to consumer (DTC). All that has changed with the internet and the DTC business model.

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Business Model Innovation Basics Series - Part 1: What is a Business Model?

The BMI Lab Blog

However, very few managers are able to explain their company’s business model ad-hoc, and even fewer can define what a business model actually is in general. The number of companies, which have established dedicated business model innovation units and processes is even lower. Thus, it should answer the question ´Who is the customer?´

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The Power of the Humility Principle

Innovation Excellence

GUEST POST from Greg Satell In 1929, just before the stock market crash, Louis Bamberger and his sister, Caroline Bamberger Fuld, sold their department store in Newark to R.H. Macy and Company for $25 million ($343 million in 2015 dollars). … Continue reading →