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The New Age Of Disruption

The New Age Of Disruption | Excellent Business Blogs | Scoop.it

Old notions of change management no longer work because it is not assets we need to leverage, but networks.

Kenneth Mikkelsen's insight:
The truth is that now everybody gets disrupted sooner or later. The old playbooks are dead. We need new principles to adapt to an increasingly uncertain age.
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Jose Carlos Favero's comment, September 26, 2013 11:16 PM
We must also consider gen-c, the new age of knowledge workers who are shaping the future of business. here's an article I wrote regarding gen c http://kminaction.wordpress.com/2013/09/17/the-future-of-km-understanding-c-generation/
Pascale Mousset's comment, September 27, 2013 3:34 AM
Thanks very much for your so good article Jose Carlos Favero about KM management and the C-generation. I scoopIt ;)
Margarida Sá Costa's curator insight, October 21, 2013 11:50 AM

right!

Excellent Business Blogs
The best blog posts from fresh thinking and inspirational business people, scientists and economists
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Scooped by Kenneth Mikkelsen
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About Excellent Business Blogs

About Excellent Business Blogs | Excellent Business Blogs | Scoop.it

The purpose of this site - Excellent Business Blogs - is to highlight some of my favorite articles, videos, graphics and audio that offers a fresh perspective on the transition we face in the modern workplace. 


Leaders cannot win in today’s business world with yesterday’s tools and strategies. In a slower moving, less confusing and more predictable world, things just didn’t change too much, too often or too dramatically.


The problem now is that world does not exist any more! As a result, the mindsets, attitudes, beliefs, processes and leadership competencies that have served us in the past, are not likely to be appropriate today, or in the nearorite articles, videos, graphics and audio that offers a fresh perspective on the transition we face in the modern workplace. 

 

                                                 ★★★★★ 


About Kenneth Mikkelsen


I believe that knowledge is everything. Knowledge is ideas. Knowledge is power. Knowledge is hope. 

But only if it is shared and applied.


That is why I created Excellent Business Blogs on Scoop.it. My personal aim is to provide you with stories you can learn and grow from. The kind of stories that provokes personal reflection and constructive action. 

I'm co-founder of FutureShifts, a consultancy that helps visionary companies identify and tackle the big shifts in the world by cultivating the skills, mindsets, behaviors and organizational cultures needed to succeed in times of change.


You're welcome to connect via: 

 

LinkedIn: www.linkedin.com/in/kennethmikkelsen

Google+: https://plus.google.com/+KennethMikkelsen

Twitter: www.twitter.com/LeadershipABC

 

I hope you'll be inspired.

 

Enjoy!

 

Kenneth

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4 Steps To Becoming More Adaptable To Change

4 Steps To Becoming More Adaptable To Change | Excellent Business Blogs | Scoop.it

In a world that's only going to become more complex, here's how to adjust your mind-set to take the fear out of the inevitable.

Kenneth Mikkelsen's insight:

In the face of complexity and change, shifting your mind-set is the only way to not only cope but also make the journey more fun and successful.


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Which Industries Are Uber-Vulnerable for Cloud Disruption?

Which Industries Are Uber-Vulnerable for Cloud Disruption? | Excellent Business Blogs | Scoop.it

Uber, Lending Club, and Airbnb have all upended long-standing, traditional business models, replacing them with cloud-enabled marketplaces, and making headlines in the process. 


With so many disruptors on the horizon, it’s important to ask if today’s leaders will be marginalized. Accepting the status quo just won’t cut it for most industries.  Within 2-5 years the current leaders will need to choose between being disrupted or enabled.


They can work with the enablers to build a better offering for customers, or they run the risk that industry-specific technology companies bypass the incumbents and go directly to consumers. 

Kenneth Mikkelsen's insight:

Here are six common elements shared by industry cloud disruptors:


  1. Build Managed Marketplaces – The most successful disruptors to date have been those which have built well-managed marketplaces in which both suppliers and consumers have been motivated to participate.  For example, Lending Club is a peer to peer lending network that bypasses traditional banks, and LendingHome is building a disruptive network for mortgage financing.
  2. Create Customer Empowerment.  Disruptors empower consumers by allowing them to choose how/when to engage with suppliers/sellers. These models provide the transparency that many digital-savvy consumers demand.  Airbnb hosts forums where suppliers and renters can provide feedback, share photos and see reviews from other renters.
  3. Offer Suppliers Direct Consumer Relationships – In some industries, disruptors are giving suppliers a direct line to customers without going through a middleman.  For example, on the real estate site, Zillow, sellers can set a “Make me Move” price to let potential buyers know that they might be interested in selling, representing a company that is both an enabler and a disruptor.
  4. Dismantling High Margins - High margins are always vulnerable, and particularly so for industry cloud applications. Disruptive companies creating customer marketplaces can cut out the middleman, and the associated margin.  Insurance companies such as Zenefits and Oscar are reducing the fees charged by brokers.
  5. Leveraging Mobile Interfaces - Industry cloud disruptors have built their user interface for consumers from the get go, typically with mobile user interfaces at the core. In industries such as transportation and hospitality, well designed mobile user interfaces are compelling for all users.  Uber and Lyft are great examples of effective mobile applications that have reimagined how consumers order taxis.
  6. Operating in Less-regulated industries – Organizations without tight regulation are vulnerable to disruption because the suppliers have more flexibility to engage directly with consumers.  Industries with more regulation, such as life science, insurance and energy, have seen more industry cloud enablers instead of disruptors.  Interestingly, in these industries, the leading enablers are becoming the disruptors by working within the system to provide a totally new experience for consumers.  For example, athenahealth is developing a ground-breaking industry cloud platform that connects hospitals to doctors to patients, all in a HIPAA-compliant manner.
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How to Restore Public Trust in Banking

How to Restore Public Trust in Banking | Excellent Business Blogs | Scoop.it

Markets rise and fall. Recessions come and go. But when it comes to the reputational challenge caused by bankers acting badly, not a lot seems to change from one year to the next.


Kenneth Mikkelsen's insight:

It is important to note that banking is dominated by decent people who contribute significantly to society. But there is no question that the world would have been better off over these past 30 years without the cumulative impact of fraud, excessive risk taking, poor judgment and underfunded regulation. And the number of players involved in the industry’s scandals is almost moot since everyone in the financial sector is affected. Indeed, even with cases of criminal acts and poor judgment limited to a select few, the whole industry ultimately pays the price in reputational damage and the related reaction from regulatory bodies.


When will this reputational train wreck end?


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Why Strategy Execution Unravels - and What to Do About It

Why Strategy Execution Unravels - and What to Do About It | Excellent Business Blogs | Scoop.it

A recent survey of more than 400 global CEOs found that executional excellence was the number one challenge facing corporate leaders in Asia, Europe, and the United States, heading a list of some 80 issues, including innovation, geopolitical instability, and top-line growth. We also know that execution is difficult.


Kenneth Mikkelsen's insight:

In this article the authors debunk five of the most pernicious myths and replace them with a more accurate perspective that will help managers effectively execute strategy.


The key is to focus on coordinating across silos and adapting to change on the front lines.


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Disrupt, or Be Disrupted

This presentation takes a look at three big innovations launched by Apple, Amazon and Google; three new approaches to Black Friday from TD Bank, Santander Bank and Patagonia; and two examples of upcycling by Southwest Airlines and Ben & Jerry’s ice cream.


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Balancing Exploration and Exploitation

Balancing Exploration and Exploitation | Excellent Business Blogs | Scoop.it
New research offers insights into factors that can affect the decision-making process.
Kenneth Mikkelsen's insight:

What strategies can improve decision making?


Scholars have argued that companies can develop greater ambidexterity as they search for better ways to balance practices supporting optimal “exploitation” of existing opportunities and those promoting “exploration” of new ones.


Although much of the research on corporate ambidexterity has been focused on how companies can best achieve ambidexterity, less attention has been paid to how the cognitive processes of individual managers can shape performance on a broader level.

New research by Daniella Laureiro-Martínez, Stefano Brusoni, Nicola Canessa and Maurizio Zollo shifts the discussion. In an article published in Strategic Management Journal, the authors describe how different regions of the brain control different cognitive activities. 


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Why Every Part of Your Company Should Be Focused on Giving

Why Every Part of Your Company Should Be Focused on Giving | Excellent Business Blogs | Scoop.it

Most businesses are created to provide a service or product that fills a need in the market, or helps customers overcome a challenge. However, a recent study shows that rather than service, “greed” is the word that most often comes to mind when Americans hear the word “corporation.”


How often do you take time to focus on the “why” in what your company is doing? (And hopefully that “why” is not purely “to make money.”) How often is that communicated to the team? How often is that communicated to your customers?


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Creative problem-solving in the face of extreme limits

Creative problem-solving in the face of extreme limits | Excellent Business Blogs | Scoop.it

Navi Radjou has spent years studying "jugaad," also known as frugal innovation. Pioneered by entrepreneurs in emerging markets who figured out how to get spectacular value from limited resources, the practice has now caught on globally. Peppering his TED talk with a wealth of examples of human ingenuity at work, Radjou also shares three principles for how we can all do more with less.


Kenneth Mikkelsen's insight:

Navi Radjou is co-author of two books that I treasure: Jugaad Innovation and From Smart to Wise.


In February 2015, Navi's latest book Frugal Innovation will be published. 


You can follow Navi on Twitter here: @NaviRadjou.


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Becky Willmoth's curator insight, January 22, 6:53 AM

In this insightful talk Navi Radjou details a wealth of examples of innovations developed from emerging markets. What is apparent across the examples he presents is that these entrepreneurs in emerging economies are not ‘making do with less’ but ‘making better with less’. They are converting adversity into opportunity, opportunity that inspires true human ingenuity, improving quality of life across the globe. 

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How Lego Became The Apple Of Toys

How Lego Became The Apple Of Toys | Excellent Business Blogs | Scoop.it

After a decade-long slump, Lego has rebuilt itself into a global juggernaut. An exclusive look inside the company's top-secret Future Lab.

Kenneth Mikkelsen's insight:

In the last 10 years, Lego has grown into nothing less than the Apple of toys: a profit-generating, design-driven miracle built around premium, intuitive, highly covetable hardware that fans can’t get enough of. Last year, fueled in part by The Lego Movie’s Pixar-size popularity, the privately held company briefly surged ahead of rival Mattel to become the biggest toy manufacturer in the world, reporting first-half profits of $273 million on revenue of $2.03 billion. It’s a remarkable achievement, particularly considering that Mattel makes a huge range of products—including ­Barbie, Hot Wheels, Fisher-Price, and even the Lego knockoffs Mega Bloks - while Lego mostly sticks to variations on a single toy. The company has recently moved beyond its core markets of Europe and North America with a major push into Asia, where it saw double-digit growth in 2013. A brand-new manufacturing and distribution center in China is being built solely to meet growing demand on that side of the planet.


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What Resilience Means, and Why It Matters

What Resilience Means, and Why It Matters | Excellent Business Blogs | Scoop.it

A small but intriguing new survey by a pair of British consultants confirms the importance of resilience to business success.

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The Future Of Social Enterprise In 2015

The Future Of Social Enterprise In 2015 | Excellent Business Blogs | Scoop.it

The social enterprise space has definitely come of age in recent years, growing by leaps and bounds and gaining momentum even as you read this. But there’s no denying that it gets harder from here.


The year ahead is filled with a mixed bag of challenges and opportunities. Consumers are ready to be conscious, but most don’t know where to start. Capital is becoming more available for social enterprise pursuits, but securing the right investment at the right time is still an elusive proposition for most impact organizations. The social enterprise movement is building quite a fan base, but its popularity could unintentionally lead to an identity crisis, a crisis of confidence, or both, if we don’t move forward strategically.


With all the above in mind, where is social enterprise really headed in 2015 and beyond?


Kenneth Mikkelsen's insight:

Three simple things conscious capitalism must do to grow in the New Year.


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Desire for power and status is driving our unsustainable world

Desire for power and status is driving our unsustainable world | Excellent Business Blogs | Scoop.it

It is time for all of us to wear the ‘sandals of humility' if we are to end division and inequality in society.


Kenneth Mikkelsen's insight:

Rampant egos are a major problem in driving our unsustainable world, because the accompanying need for status drives consumption.


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Few Companies Actually Succeed at Going Global

Few Companies Actually Succeed at Going Global | Excellent Business Blogs | Scoop.it

We all like to learn from the best. So when it comes to growth it’s tempting to take global high-performers like GE, IBM, Shell, or BMW as role models and look for opportunities outside the home markets.

Kenneth Mikkelsen's insight:

An analysis of 20,000 companies in 30 countries, shows that companies selling abroad had an average Return on Assets (ROA) of minus 1% as long as five years after their move. It takes 10 years to reach a modest +1% and only 40% of companies turn in more than 3%.

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Sunil Gupta: Business in the time of social media

Sunil Gupta: Business in the time of social media | Excellent Business Blogs | Scoop.it

Senior management could benefit from spending at least a month or two being active on networking sites like Twitter and Facebook. 

Kenneth Mikkelsen's insight:

Go get a Twitter account, get a Facebook account. It’s like learning a language; you have to immerse yourself in it. Do it for a month or two at least, talk to your customers and see what comes of it.

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Why Our Trust in Banks Hasn’t Been Restored

Why Our Trust in Banks Hasn’t Been Restored | Excellent Business Blogs | Scoop.it

Banks might be better served by focusing less on compliance and more on benevolence. Research has demonstrated that perceived trustworthiness includes three elements:


  • Ability (are you competent?)
  • Integrity (are you honest?)
  • Benevolence (do you care about my interests?)


Both competence and integrity are recurring themes in many discussions concerning the financial crisis. Benevolence, however, is not used very often – if at all. At the same time, banking clients particularly express concerns about whether the bank cares about their interests as well as its own interests. Put simply, a certain “morality of care” is missing in the discussion. As a consequence, it also seems to be missing from efforts to restore trust in banks.


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Adapting to digital consumer decision journeys in banking

Adapting to digital consumer decision journeys in banking | Excellent Business Blogs | Scoop.it

Across Europe, retail banks have digitized only 20 to 40 percent of their processes; 90 percent of European banks invest less than 0.5 percent of their total spending on digital. As a result, most have relatively shallow digital offerings focused on enabling basic customer transactions.


Neither customers nor digital upstarts are likely to wait for retail banks to catch up. Recent analysis shows that over the next five years, more than two-thirds of banking customers in Europe are likely to be “self-directed” and highly adapted to the online world. In fact, these same consumers already take great advantage of digital technologies in other industries—booking flights and holidays, buying books and music, and increasingly shopping for groceries and other goods via digital channels. Once a credible digital-banking proposition exists, customer adoption will be breathtakingly fast and digital laggards will be left exposed.


Kenneth Mikkelsen's insight:

A host of emerging technologies are poised to personalize consumer experiences radically. Here’s how banks can prepare.

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5 Ways to Become More Self-Aware

5 Ways to Become More Self-Aware | Excellent Business Blogs | Scoop.it

You can’t be a good leader without self-awareness. It lies at the root of strong character, giving us the ability to lead with a sense of purpose, authenticity, openness, and trust. It explains our successes and our failures. And by giving us a better understanding of who we are, self-awareness lets us better understand what we need most from other people, to complement our own deficiencies in leadership.


Kenneth Mikkelsen's insight:

The question is how can we cultivate and develop self-awareness further.


In this HBR blog post Anthony K. Tjan suggests five ways to go about it: 


  • Meditate
  • Write down your key plans and priorities
  • Take psychometric tests
  • Ask trusted friends
  • Get regular feedback at work


I find the advices here rather simplistic. There are tons of other ways to go about this.


Go for walk, draw your lifeline, work on constructing your narrative, take up regular therapy or supervision, read books, write, join a knowledge salon, get a mentor.


It just goes to show that self-awareness never emerges from following a five point plan.


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Improving Digital Innovation in Large Enterprise: Strengthening e-Leadership at C-level

Improving Digital Innovation in Large Enterprise: Strengthening e-Leadership at C-level | Excellent Business Blogs | Scoop.it

If your company doesn’t want to miss out on the new opportunities IT offers for business innovation, you need people at C-level with a challenging combination of competencies: they have to be digitally literate, business aware and be able to engage in conversations together about digital and the possibilities for transformation.


Kenneth Mikkelsen's insight:

New data from a European survey shows that the bigger enterprises are finding it particularly difficult to get this “e-leadership” mix in place.


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The Best Digital Business Models Put Evolution Before Revolution

The Best Digital Business Models Put Evolution Before Revolution | Excellent Business Blogs | Scoop.it

What, another clarion call urging executives to fundamentally rethink their business models through digital technology? The business media have had no shortage of these.

Kenneth Mikkelsen's insight:

While revolutionary business model changes can be valuable, you don’t necessarily need to transform your industry. You don’t need to destroy your current business model. There is another way to make money from business model innovation. Sometimes it’s better to think a bit smaller so you can set yourself up for big results.

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How Your Brain Responds to Performance Rankings

Neuroscience shows why numbers-based HR management is obsolete. Watch this video to see why traditional employee evaluations are flawed.


Kenneth Mikkelsen's insight:

This video related to the findings presented in an article, Kill Your Performance Ratingspublished in the autumn edition 2014 of Strategy+Business Magazine. 


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How 2015 will be the Year of Digital Transformation

How 2015 will be the Year of Digital Transformation | Excellent Business Blogs | Scoop.it

Dive into some of the common themes, challenges and opportunities that stand before digital marketers as we begin 2015.


Kenneth Mikkelsen's insight:

There’s no end-state to digital transformation. Digital is constantly changing, and investing in technology and business models to engage digital customers is an exercise in ongoing agility and adaptation.


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Before a Merger, Consider Company Cultures Along with Financials

Before a Merger, Consider Company Cultures Along with Financials | Excellent Business Blogs | Scoop.it

A normal acquisition process seeks to ensure something basic: a strategic rationale for a deal, supported by a thoughtful selection process, with known risks identified by a short, intense due diligence.

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Does Power Lead to Corruption?

Does Power Lead to Corruption? | Excellent Business Blogs | Scoop.it

Scientific research shows that, whatever an individual’s personality type, power leads to antisocial decisions – and testosterone plays an important part too.


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Seven Questions to Make Sure Your Company is Built Around Customers

Seven Questions to Make Sure Your Company is Built Around Customers | Excellent Business Blogs | Scoop.it

Is your company doing everything it possibly can to be useful and compelling to customers? This article from London Business School's BSR Magazine provides seven essential questions to make sure customers come first.


Kenneth Mikkelsen's insight:

The seven strategic questions to ask are: 


1. Why - precisely - should anyone give us their money?

2. Are we offering the very best in our chosen segment? 

3. Are we making buying from us as easy as possible?

4. Are they telling all their friends great things about us?

5. Are some within our organisation pushing customers away? 

6. Are we asking them what else we could do for them?

7. Are we asking customers to help us innovate?


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Rethinking the role of the strategist

Rethinking the role of the strategist | Excellent Business Blogs | Scoop.it

Strategic planning has been under assault for years. But good strategy is more important than ever. What does that mean for the strategist?


Kenneth Mikkelsen's insight:

While nothing new, the weaknesses of traditional strategic planning - characterized by a lockstep march toward a series of deliverables and review meetings according to a rigid annual calendar - have been amplified by the importance of agility in a rapidly changing world.

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