Incumbents needn’t be victims of disruption if they recognize the crucial thresholds in their life cycle, and act in time. Great video from McKinsey within their series on digital disruption. For us it illustrates clearly why establishing a structural corporate foresight capability beyond the current digital disruption will be crucial for future success.
Quite a telling story by R. Hamers, CEO ING Group on what makes real strategic change happen, reflecting on the success of ING Direct and taking it forward to Fintech. A lot of good learning points embedded in the presentation.
The strategy applied aligns well with the Three Box Approach.
A pragmatic, powerful and purposeful new framework for making strategic innovation work. It balances creating the future, managing the present, and forgetting (selectively) the past. Its structure and overall philosophy will certainly appeal to business leaders. We are believers and we will certainly apply it within our consulting work.
Watch the video from Vijay Govindarajan