Author Archives: Greg Satell

4 Things All Managers Must Know About Digital Transformation But Don’t

Today, technology has become central to how every business competes. Futuristic advancements like artificial intelligence, big data and cloud computing are no longer pie-in-the-sky propositions, but mission critical initiatives that leaders are racing to implement within their organizations. Unfortunately, most  of these initiatives fail. In fact, McKinsey found that fewer than a third of organizational transformations succeed. That’s incredibly sobering. ...

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Here’s What You Need To Know To Compete In An Ecosystem Driven World

In 1980, a young Harvard Business School professor named Michael Porter published Competitive Strategy, which drove thinking on the subject for the next 30 years. In essence, he argued that you build sustainable competitive advantage by maximizing bargaining power throughout a value chain. Yet more recently, that kind of single firm level analysis has been called into question and leaders ...

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We Need to Stop Glorifying Failure and Do This Instead

Over 50% of startups fail (and that number goes up to 75% for venture backed startups). The same is true of about three quarters of corporate transformations, which is probably why the average lifespan on the S&P 500 continues to shrink. These statistics tell a humbling story: few significant endeavors ever actually succeed. So it’s probably not surprising that we’ve ...

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Four Myths About Empowering Change

We live in a transformational age. Powerful technologies like the cloud and artificial intelligence are quickly shifting what it means to compete. Social movements like #MeTo are exposing decades of misdeeds and rewriting norms. The stresses of modern life are creating new expectations about the relationship between work and home. Every senior manager and entrepreneur I talk to understands the ...

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Build Trust Before Trying to Transform Your Organization

I was recently invited by Accenture Strategy, along with other thought leaders such as Bruce Weinstein and Andrew Winston, to discuss its research on trust and competitive agility. In a study of 7000 companies the firm found that trust among a diverse ecosystem of stakeholders is increasingly becoming a competitive advantage. One of the most interesting aspects of the discussion ...

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4 Ways To Empower Change In Your Organization

In 1957, Ken Olsen founded Digital Equipment Corporation (DEC) with his MIT classmate, Harlan Anderson, and by the 1960s, the company had pioneered the minicomputer revolution. Much cheaper than IBM mainframes, but still powerful enough to be useful, these machines helped make DEC one of the world’s leading technology companies. Hailed as a visionary, Olson was named “America’s most successful ...

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