Joaquin de la Vega Gonzalez-Sicilia, MBA’s Post

The people with the best ideas are often already in the room. They will have been ruminating on, and thinking about, ways to solve your problems for years. Often they are divergent thinkers, maybe less able to communicate clearly and sometimes unaware of broader politics within your organisation. That doesn’t mean their ideas aren’t amazing. They may just need help to realise them. As leaders, how do we make space to listen? I would be interested in any examples from my network of success. #leadership #innovation

It’s good to be aware of trends and keep up with change. Know what your competitors are doing but in the end remember that you are your biggest competion.

More often than not, I’ve encountered this situation in my previous organization. Proposing out-of-the-box ideas often revealed two key challenges: Resistance to Change: People can be naturally apprehensive of new approaches. Negotiation Skills: Effectively influencing change requires strong negotiation skills. #ChangeManagement #DigitalTransformation #EnterpriseArchitecture

This phenomenon is called cannibalization, and it is one of the biggest challenges companies face regarding innovation. Many executives are concerned that new ideas, pricing models, and services can cannibalize existing business. They understand that if they don't innovate now, someone else eventually will and could put them out of business. However, executives often focus on short-term and mid-term results not because they are incompetent or greedy, but because that is what investors demand of them. And investors don’t care because they invest in this company and also in the new challenger. So if no owner arround that will care about his legacy, no one really cares. One CEO of a company, which I will not name, told me at dinner, "I know Faustino Saas is the future, but I will make you CEO if you go to Nasdaq and defend that we will lose money for a few years but then emerge stronger” I asked him what is the plan then. He replied, "Milk the cow and then sell the company." So, that's what he did. Actually that company was also originally born of a cannibalization issue in another big one and some of the investors of the big one that say no to cannibalization, invested in creating a new challenger just after the board where they voted no. Now they had a caw to milk and a start to grow. Many corps now follow strategies like participating in star companies or seeding or just waiting and buying. This is one of the reasons many large corporations don’t innovate. Family or founder-owned businesses have a clear advantage here because the founder is thinking about their legacy for generations to come. I think this attitude is very human. As we get older, we become more afraid of what we can lose than what we can gain. Young people and companies will instead push to disrupt and move the milk to a new caw own by them. This is a good effect for all, as it facilitate competition and opportunities.

I would say the effects of creative destruction explained in <60secs... Like in IT - with the onset of the #AI era -, #activeinvesting in #climate and #environment is the KEY to avoid the laggards while at the same time identifying the winners of tomorrow. #ifpglobalenvironment

Kodak’s journey is a classic example of the disruptive impact of technological advancements and the importance of timely adaptation. While the company was a pioneer in digital camera technology, its reluctance to disrupt its profitable film business led to its downfall. Kodak’s story serves as a powerful lesson for businesses on the necessity of embracing innovation and staying agile in a rapidly changing technological landscape. #Innovation #BusinessLessons #Adaptability #Technology #AgileBusiness

Trying something new is scary. No one likes it. 🗣"We don't need changes. It's always worked for us, why change it now?" We love our comfort zone. A lot. Nothing makes us happier than when everything goes our way, and we don't have to do anything we're not 100% sure of. The problem is, whether you like it or not, the world is changing. Everything around you is changing. So what if everything changes except you? That's right, you're being left behind as your competitors move forward. Many business owners are scared of implementing technology in their company. Many of them fear it will be wasted money. But let's look at it from the other side - Why do so many of us spend a considerable amount of money on houses, cars, or college, for example? It’s because of the quality-of-life benefits, measurable return on investment, or both. Kodak, BlackBerry, and Nokia - these companies were giants back in the day. Do you know why hardly anyone talks about them today? Because they rejected the progress the whole world was making. They clung to old habits. They were afraid of change. Don't be like them. All people who have achieved great success in business share two things. First - at some point, they had to step out of their comfort zone. They knew they had to take a step into the unknown. They knew that by doing so, they would get ahead of the competition. They might not have understood much, but they knew that this new tool, this change of company location, this implementation of a new IT system could greatly change the way they operate daily, but they still went in that direction. Do you know what the second thing is? They all succeeded. PS. What other big company would you put to the list?

We are all aware of the challenges we face with climate change and our environmental impact. Perhaps less so, but we are starting to talk more about the impact we have on people. Striking the right balance between profit, people, and planet is no longer a mere aspiration; it’s a necessity. The "digital camera" is already known, it's the "being sustainable". There is plenty of talk and discussion around what we need to be doing as businesses to become more sustainable, to continue to operate in a changing climate with depleting resources. Yet are the incentives compelling enough for businesses to wholeheartedly embrace change? What is the "physical film" that is stopping us from fully embracing the change and ensuring long term sustainability for people, planet and profit? Sustainability initiatives require substantial investments, both in terms of resources and mindset. Can businesses overcome short-term profit pressures to prioritise long-term well-being? The lens is clear; the question is whether businesses will focus it on profit alone or widen the frame to include humanity and the Earth. #NoPlanetB #Sustainability

why do innovations and great ideas in great companies fail yes, because of the immediate line manager or the boss , who not only does not recognise the positivity of intent of the idea giver, but also disuades the idea giver and tells him to focus on mundane routine tasks in such scenarios both the idea giver ( who essentially is a intrapreneur) and the idea breaker ( the boss ), both need to be coached coaching is a process of helping people see sides of their story narratives which they usually can't see coaching helps people realise and actualise their hidden potential and helps them be free of the mindsets and mindblocks which are unhealthy for corporate growth if you are such a manager or if you are a employee wanting to grow and make it big in your organization, or if you are a business owner and worried about growth , let's engage in a 121 conversation. #coaching #icf #growthmindset #ceo #csuite #leader #leadership #coach

Kodak's failure to recognize where they were in their product life cycle and identifying market disruption is a classic case study for anyone interested in Strategic Innovation. Usually new disruptive technology is ignored by the incumbents thinking that they still command a lion's share of the market. But soon the disruptor eats into the market share by scaling up and building a reputation for themselves. By that time its too late for the incumbents to catch up in the technology and market presence. Another such classic case is that of Blockbuster and Netflix, as well as the Ford/GM and Tesla. An example of a successful company in this regard is Proctor & Gamble. They actively source ideas from within their organization as well as Crowdsourcing from external sources to constantly innovate and keep on the leading edge. Another success story is that of Corning. Always being aware of where one stands on the S-Curve of product life cycle and where competition is on their tragectory is critical to success for today's businesses.