Sander Kuik’s Post

Mastering Transformation: A Journey to $50B Market Cap 🚀 Last Wednesday, Victor Haze and I led a dynamic masterclass at the amazing venue of High Tech Campus Eindhoven in the Netherlands. Our mission? To navigate #strategy, #transformation, #innovation, and #corporate finance, aiming for a $50B market cap using Transform!, a strategy and transformation simulation by Strategy Tools. 💼 Teams tackled strategic dilemmas, balancing profit, business model portfolios, and market analyst interactions. The engagement was inspiring, with participants finding immediate real-world applications for shared insights. 🌐 One key takeaway? This 4-hour simulation, a condensed version of a 12 to 16-hour journey, inspired immediate action in their respective companies. The feedback? "Entertaining" and a "valuable learning experience." 🎯 For those ready to delve deeper, I'm offering this masterclass as part of a comprehensive program. Let's continue to unlock the power of strategy and transformation together. 🔑 I invite you to share your thoughts on strategy and transformation. Let's shape the future of business together. Stay tuned for more updates on upcoming masterclasses. 📣 Special thanks to my co-facilitator, Victor Haze and to all the participants Onno Franken, Mark Jonker, Leon Peters, Raul Chang Rivas, Jean-Pierre van de Loo , Jurgen Westerhoff , Sander Kuik, and Marc Beusenberg Scott Newton Christian Rangen Roberto Chaverri Carlos Jose Gallegos Echeverria Nir Melamud Enrico Maset Michael Badham Javier Sevilla Pex Parra Grzegorz Dobrucki David Lancefield Stuart Morley Wan Fadzil Adlan Wan Sidik Jessica Low Harvey Wade

🚀 Exciting Opportunity Alert! 🚀 🔍 Are you ready to harness the power of data to drive strategic decisions in the digital era? Look no further! Join us for our upcoming program: "Strategic Innovation in the Digital Era" at SDA Bocconi School of Management. Main Goal:Learn how to leverage data effectively in order to make informed strategic decisions. This program is tailored to equip decision-makers, regardless of their background in data analysis, with the tools and frameworks needed for success. 🎯 Who is it for?Designed for managers, entrepreneurs, and professionals navigating strategic decisions under uncertainty. Whether you're involved in innovation, M&A, staffing choices, or steering start-ups, this program is for you! 📚 Structure & Topics Covered:From understanding biases to running experiments and leveraging big data, our comprehensive curriculum ensures you're equipped with the latest strategies and techniques. 🤝 Why Join Us? Acquire systematic methods for decision-making Enhance leadership amidst uncertainty Benefit from international expertise or our faculty Enlarge your network with professionals from different industries Utilize data-driven approaches to boost performance For more information and registration, visit Program Page: https://lnkd.in/dP-3_Phq    #DataDrivenDecisions#DecisionMaking #Innovation SDA Bocconi Alfonso Gambardella Arnaldo Camuffo, Angelica Donadeo Barbara Boccato

The concept of business models is strongly associated with digital firms, yet it is relevant and very important for all enterprises. In our upcoming BAM Fellows Masterclass, Professor Charles Baden-Fuller will be exploring how the concept of the business model adds to our understanding of strategy? How should we teach about business models to make them rigorous and relevant? How should we research into business models? What is the best approach – should business models be the context or the independent variable? And are process case studies more likely to be fruitful than cross sectional studies? And what about cognition research? And how easy is it to publish business model papers? Register to attend here: https://lnkd.in/dUZGSsP4 Note: Our series of BAM Masterclasses are delivered by prominent management theorists from across the globe each year. These online Masterclasses are an exceptional learning experience, revealing how top academics think about the world, what inspires them, and how they develop and apply their ideas. Where do influential ideas come from? What leads to them to being widely taken up? During the Masterclasses, our highly renowned speakers explain how their academic and intellectual journeys begun, and how they developed as influential academics in management. There are also opportunities to ask questions and engage directly with the speakers.

Excited to be sharing my research in one of the worlds' top #AI centres, Stanford Institute for Human-Centered Artificial Intelligence (HAI), hosted by an old friend and superstar researcher, Erik Brynjolfsson. Join us virtually on Monday, June 3rd, at 12-1pm PST / 8-9pm BST looking at what we found in our recent London Business School / Institute of Directors (IoD) / Evolution Ltd study on how #GenAI shapes the expectations for firm, business model and industry #disruption. We'll look at what are the key complements to the technology itself, and how features such as #proprietary_data, #modularity, industry-level #regulation moderate GenAI's expected impact as we try to move away from unbridled enthusiasm, ruthlessly advocated by advisors and technology sellers, into a more nuanced understanding of when and why GenAI will have an impact. See you online! #sharingthoughts #hybridmeeting #seeyouthere https://lnkd.in/eUBYapmW

Is business an Art or a Science? I studied Computer Science at University. It's changed over time but when I complete my course it was based on maths and physics with some industrial design processes in the mix. I was awarded a BSc - it's a science. Cost Centre #1 is studying Business & Management at the moment. He has a mixture of economics, marketing, social science and psychology at the heart of his course. He'll (fingers crossed) be awarded a Ba - it's an art. So why do we approach so much of what we do at work as science? When we sit on our meetings we talk in absolute terms; - We can PROVE this will happen - The model WORKS - The incentives ARE aligned But, in our heart of hearts, we know that's not true. The principle of science is that the investigations that are performed and the results that are observed are repeatable. The experiment could be performed by another scientist on the other side of the world and she would get the same results. Science tells us the truth. Can you imagine if another business, even of the same size, in the same sector took your business model and tried to run it? Would you be able to guarantee that it would work? Of course not. The model would, at best, be a guide. Something to be proven out, tested, checked, tweaked. This is why business is an art and not a science. We as business leaders can take the tools, methods, experience, frameworks from the business world but it's ultimately up to us to make those our own and make them work in our business to solve our problem. This is the work. 🚀 🛎 Does this ring true? Find more content like this by checking out the 'Business Levels' - Just click on the website link in my profile. ✅ And don't forget to like and follow

Data teams fail without business acumen. But you don't need an MBA to gain business skills. (My degrees are the furthest thing from an MBA.) However, you can borrow a classic MBA methodology. Case Studies. They allow you to gain exposure to business problems across industries. The more reps you get at breaking down a business, the sharper you will be when you encounter a new company, industry, or business problem. Here are 5 ways to find case studies without paying for a 6-figure degree: 💡Clients: If you are in a client-facing role, your clients are rich case studies for you to explore and learn from. 💡Internal Business Teams: Reach out to co-workers in Marketing, procurement, sales, operations, logistics, etc. Be curious and ask questions about their goals and challenges. 💡 Conferences: Organizers love to showcase interesting business problems solved with their tech or in an industry. 💡 Info interviews: Reach out to people in industries or companies that you want to learn about. Ask to hear about the problems they spend their day working on. LinkedIn is filled with people to learn from if you just ask. 💡 Read/Listen: Harvard Business Review, Entrepreneur biographies, business podcasts. ⚡ Here's the key part: Pay careful attention to the business. What are its functions, processes, key metrics, stakeholders, etc. Afterward, break it down and put it back together until you understand the key knobs and switches that make it tick.

Data teams fail without business acumen. But you don't need an MBA to gain business skills. My degrees are the furthest thing from an MBA. However, you can borrow MBA methodologies. The classic method that MBA programs have employed for decades is case studies. It's effective because you gain exposure to business problems across industries. The more reps you get at breaking down a business, the sharper you will be when you encounter a new company, industry, or business problem. Here are 5 ways to find case studies without paying for a 6-figure degree: 💡Clients: If you are in a client-facing role, your clients are rich case studies for you to explore and learn from. 💡Internal Business Teams: Reach out to co-workers in Marketing, procurement, sales, operations, logistics, etc. Be curious and ask questions about their goals and challenges. 💡 Conferences: Organizers love to showcase interesting business problems solved with their tech or in an industry. 💡 Info interviews: Reach out to people in industries or companies that you want to learn about. Ask to hear about the problems they spend their day working on. LinkedIn is filled with people to learn from if you just ask. 💡 Read/Listen: Harvard Business Review, Entrepreneur biographies, business podcasts. ⚡ Here's the key part: Pay careful attention to the business. What are its functions, processes, key metrics, stakeholders, etc. Afterward, break it down and put it back together until you understand the key knobs and switches that make it tick.

Need to focus on Analytical thinking and Creative thinking In a recent article I have seen that these two are in more focus for upgrading skills in this ERA 1. Analytical thinking Analytical thinking tops list of skills that are deemed to be of the greatest importance for professionals in 2024. According to WEF’s( World Economic Forum) report, it makes up a significant percentage of the core skills reported by companies on average. As businesses across industries increasingly rely on data to make informed decisions, they need more employees who can organize, analyze, and visualize information to draw meaningful insights from it and inspire effective change. At the heart of analytical thinking lies the ability to break down complex problems faced by organizations into smaller, more manageable parts. The goal is to examine those parts in detail to identify root causes, gain a deeper understanding of the whole, and devise effective solutions based on facts. 2. Creative thinking  Creative thinking will be one of the most sought-after skills in the future workplace, especially as we hand more and more routine tasks over to machines. Businesses surveyed for WEF’s report believe demand for creative thinking will grow faster between now and 2028 – by 73% – than demand for analytical thinking. People with creative thinking skills can approach problems from new angles and discover unconventional solutions. This skill proves especially beneficial when dealing with complex, ambiguous, or unique challenges. Entrepreneurs rely on creative thinking to identify opportunities, envision new business models, and create unique value propositions. Startups and small businesses often thrive on creative approaches. So upgrading skills everyday, every month and every year its most important, keep learning and upgrading your self Share your views and thoughts #upskilling #analyticalthinking #crativity #innovation #designsolution

In the prestigious corridors of Management Institute, there resided a professor known for his unparalleled expertise in analytics and his noble heart, Dr. Valmiki Verma. His life's work revolved around deciphering complex data to streamline processes and enhance efficiency within organizations. One semester, Dr. Verma was deep into a research project that promised to break new ground in supply chain management. The project was not just a professional milestone for him but also held the key to a coveted promotion, one that he had been eyeing for years. As he was collating data late one evening, a knock on the door interrupted his calculations. It was a former student, now an entrepreneur, who sought Dr. Verma’s insights on a critical issue that threatened his startup. The young man's business was at a precarious juncture, and without expert analysis, his dream could crumble.Dr. Verma faced a dilemma. Assisting his former student meant putting his own research on hold, jeopardizing the years of work he had put into his project and the promotion that was within reach. Yet, the sight of the young entrepreneur, so reminiscent of his own youthful ambitions, stirred something within him. The following day, Dr. Verma made a decision that would define his true character. He chose to set aside his research, redirecting his energy and analytics prowess to help the struggling startup. Day and night, he worked alongside his former student, sifting through data, identifying bottlenecks, and devising strategies. Weeks turned into months, and the startup began to flourish, but Dr. Verma's research remained at a standstill. The promotion came and went, awarded to another. Yet, in the eyes of his peers and students, Dr. Verma's stature grew immensely. The story of Dr. Valmiki Verma's sacrifice became an exemplar at the institute, a narrative that underlined the essence of true kindness in the realm of academia. It wasn't about lectures or publications; it was about the willingness to give up something he dearly needed — not for accolades, but for the success of another. Dr. Verma's legend lived on, not just as an analytics professor, but as a beacon of selflessness, teaching his students the greatest lesson of all — the real measure of success is what you give, not what you receive. #valmikiverma #analytics

As a CEO of The Business Model Canvas (group) competition provided a platform for students to delve into real-world business scenarios, where we were tasked with developing innovative and feasible business models to address specific challenges or opportunities. Working in teams, we conducted thorough market research, analyzed industry trends, and crafted comprehensive business plans that encompassed aspects such as product development The event fostered a spirit of collaboration and healthy competition, as teams engaged in spirited discussions, exchanged ideas, and refined their business models under tight time constraints. Presenting our proposals to a panel of esteemed judges was both nerve-wracking and rewarding, as we received constructive feedback and validation for our hard work and ingenuity. Participating in the competition was not only a test of our academic knowledge and technical skills but also an exercise in teamwork, communication, and adaptability. It challenged us to think outside the box, think critically, and approach problems with a strategic mindset. Overall, the Inter-College Business Modeling Competition was a memorable and enriching experience that deepened my understanding of business concepts, honed my problem-solving abilities, and strengthened my confidence as a future business leader. It was an invaluable opportunity to apply classroom learning to real-world scenarios and connect with like-minded peers passionate about entrepreneurship and innovation. Dr D Y Patil Institute of Management Studies (DYPIMS)a  #learningjourney #confidencebuilding #businessmodeling