Key Takeaways:
- Emergn and Strategyzer, renowned consultancies, are forming an alliance to address the challenge of transitioning from innovation to transformation effectively.
- A recent survey reveals a disconnect between the desire for radical change in businesses and their ability to execute it efficiently.
- The alliance aims to empower organizations to seamlessly integrate innovation and transformation, providing consultancy, tools, and practices for sustainable change.
- Industry experts from Emergn and Strategyzer highlight the importance of making innovation and transformation intrinsic to an organization’s DNA.
Navigating the Innovation-Transformation Spectrum: A Critical Challenge
In the fast-evolving landscape of business, the ability to innovate and transform is paramount. Yet, many organizations find themselves stuck in a paradox: a strong desire for change, yet a struggle to execute it effectively. To address this challenge, two of the world’s leading consultancies, Emergn and Strategyzer, are joining forces to bridge the gap between innovation and transformation.
In this article, we explore their collaborative efforts and the critical need for organizations to seamlessly transition from innovative ideas to meaningful transformation.
The Commercial Gap: Desire vs. Execution
The desire for change is palpable among businesses, but the ability to execute that change remains a considerable challenge. Recent analysis from the US Bureau of Labor Statistics reveals a decline in productivity, highlighting the urgency for businesses to adapt and transform in a rapidly changing environment. Despite this need for transformation, research from KPMG indicates that a staggering 73% of digital transformations fail to deliver growth and improved profitability due to poor execution.
However, it’s not all doom and gloom. An insightful survey conducted by Emergn and Strategyzer offers a glimmer of hope. The survey, which reached product and IT leaders in the US and UK, found that 83% believe their businesses have the potential for true innovation. Moreover, 70% of respondents expect radical change to succeed in their organizations if it were implemented more effectively.
Diagnosing the Disconnect: Why Expectation Falls Short
While the desire for innovation and transformation is evident, there exists a significant disconnect between this expectation and its actual execution. The research conducted by Emergn and Strategyzer reveals several reasons behind this discrepancy:
- Resistance to Change: A startling 60% of IT leaders and 95% of product leaders who feel that radical change is currently impossible attribute this perception to leadership resistance to change, which hinders growth.
- Decision-Making Challenges: A concerning 80% of all leaders surveyed express concerns about the ‘rule by committee’ approach, which often adds too many decision-makers to the change process, leading to delays and inefficiencies.
- Lack of Experimentation: One-third of respondents indicate that their organizations do not value experimentation, creating an atmosphere of fearfulness and hindering innovative practices.
These findings highlight the multifaceted nature of the challenges organizations face in transitioning from innovation to transformation. Cumbersome decision-making processes, conflicting spheres of influence, and misalignment of roles all contribute to the barriers to effective collaboration.
The Power of Seamless Integration: Innovation and Transformation
The most successful organizations have discovered the power of seamlessly integrating innovation and transformation into their business strategies. This approach, often referred to as the project-to-product journey, enables organizations to intrinsically link innovative ideas with meaningful transformation.
Emergn and Strategyzer, through their alliance, aim to address both sides of this equation. Their combined experience and offerings will empower business leaders to design, foster, and implement innovative ideas seamlessly. Here’s how this exciting alliance plans to make a difference:
- Closing the Innovation Gap: By enabling companies to consistently create and deliver successful new products, services, and business models.
- Comprehensive Consultancy: Offering consultancy and services across innovation and execution in a way that no other consultancy can provide.
- Empowerment Through Tools: Equipping organizations with tools and practices tailored to their unique innovation and transformation journeys.
- Leadership Development: Developing more innovation and transformation leaders across the business to accelerate learning and drive sustainable change.
Visionary Leadership: The Driving Force
Emergn and Strategyzer are led by visionary innovation experts who bring decades of experience to the table:
- Alex Adamopoulos, CEO of Emergn: With 30 years of experience, Adamopoulos has dedicated his career to helping the world’s largest organizations accelerate their rate of improvement and product delivery. He serves as a mentor and advisor to industry leaders across the Fortune 100.
- Alex Osterwalder, CEO of Strategyzer: A globally recognized innovation thought leader, Osterwalder is known for his pioneering work in authoring, entrepreneurship, and inventing widely-used visual tools for business, including the Business Model Canvas and Value Proposition Canvas.
Combined, Emergn and Strategyzer boast a global presence with over 650 colleagues working in 20+ countries worldwide, impacting more than seven million individuals with their tools and content.
A Unified Approach to Innovation and Transformation
Commenting on the alliance, Alex Adamopoulos, CEO of Emergn, emphasized the uniqueness of their collaboration in combining expertise in innovation, transformation, and digital service delivery. He expressed his excitement about joining forces with Strategyzer to bridge the commercial gap between innovation and transformation effectively.
Alex Osterwalder, CEO of Strategyzer, echoed this sentiment, emphasizing the need to reinvent businesses. He highlighted the unique ability of Strategyzer and Emergn to help organizations make innovation and transformation a core part of their DNA.
Conclusion: Embracing Change with Purpose
The alliance between Emergn and Strategyzer represents a significant step forward in addressing the challenges of innovation and transformation that businesses face today. As organizations grapple with the need for change in an ever-evolving business landscape, this collaboration offers a holistic approach to seamlessly integrate innovative ideas into meaningful transformation.
By providing consultancy, tools, and practices tailored to each organization’s unique journey, Emergn and Strategyzer aim to empower leaders to drive sustainable change and innovation. As businesses strive to adapt, innovate, and thrive, this alliance stands as a beacon of hope in the evolving world of business.
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