10 Reasons Why (Traditional) Companies Struggle with Innovation. A leading Insurance Company invited me recently to speak to them on this topic at their Managment Retreat. The podcast discusses the challenge of fostering a strong growth mindset in traditional companies who do not typically think like startups and upstarts., and what these traditional companies could do to address the challenge- foster a strong growth mindset in their organizations #growthmindset #innovation #transformation #digitaltransformation #management #strategy #organisationculture #organisationbehaviour #banking #insurance #fintech

I was recently invited to speak to the Advance #Management Program Class of the Lagos Business School on this topic. I thought it would be useful to do a podcast edition of my presentation and share with a broader audience. We cover in this episdode

a) General overview of Blue Ocean Strategy and link it to related strategy concepts

b) We discuss five key questions in the context of Blue Ocean Strategy

1) How do you identify points of dissatisfaction with existing products and service offerings (offered) by traditional players in an industry?

2) How do you acquire customers ?

3) How do you acquire partners and distributors?

4) How do you develop a strategy that explores opportunities in the blue ocean space?

5) How do you build a system capable of executing the #blueoceanstrategy? #strategy #payment #financialservice #fintech #fintechs #business #businessschool

This continues from the Part 1 episode, discussing why traditional firms struggle to innovate and why they are being beaten by #agile upstarts with potential existential crises. In this episode, we discuss marketing myopia problem and how it constrains innovation in traditional firms. We also discuss the challenge of legacy assets. The podcast concludes with solutions for re-propelling innovation in traditional firms from the problem diagnosis in both Part 1 and 2 episodes, including lessons on how Microsoft reinvented itself back to a strong #innovation company. #management #strategy #execution #business #leadership #digital #technology

Why do traditional firms struggle to innovate? Why are they being beaten by agile, nimble upstarts and facing existential crises? I discuss three cases of large traditional firms, Alitalia, General Electric and Microsoft, their #innovation challenge and lessons that could be learnt by other large firms from #telecoms, #banking, #media etc. This is part 1 of the podcast. The discussion continues and concludes in the next Part 2 episode of the podcast. #strategy #digital #management #organisationalbehaviour #technology

What customer insights are, how to discover them and their application to building and scaling your business

On Digital disruption challenge in the consumer goods industry. What lessons could the consumer goods industry learn from financial services and other industries being massively disrupted? Was invited recently by Nigeria Breweries (Heinekens Nigeria) to share learning on disruption of financial services and other industries and what the consumer goods industry could learn from it. This edition of my podcast is a recording of the very engaging session. #digital #disruption #fmcg #consumergoods #innovation

In this Part 2 episode, I share another 22 Leadership Reflections, using the reflective verses style of the Stoic Philosophers of the Roman Classics. This follows Part 1 of this series where I had earlier shared the first 23 Leadership Reflections. Leadership issues in covered in this episode include dealing with non-linear leadership decisions, trust and leadership, authentic leadership, leading with purpose, transactional and transformational leadership and many more. Please listen to both the Part 1 and Part 2 to get a complete view of the 40 Leadership Reflections. #leadership #business #nonprofits #wisdom

I share 40 Leadership Reflections in this podcast that will help you to be a better leader using the reflective verses style of the Stoic Philosophers of the Roman Classics. This Part 1 of the podcast shares the first 23 Leadership Reflections covering issues as atmosphere for performance, leadership vision, leadership agenda and strategy, the art of leading by questions and many more. Also listen to Part 2 of the Podcast for a complete listening to the 40 and more Leadership Reflections. #business #nonprofits #leadership #wisdom

How do you drive and maximize revenue and returns from your customers today and in the future? You need a long sight of the value of your customers beyond today to maximize the returns of your investments in acquiring customers through the application of Customer Lifetime Value (CLV) Principles. If you want to drive good valuation of your business in good and tangible, present and future customer revenue and returns, you will also find this podcast useful. I share ten simple but very important lessons on Customer Lifetime Value Management and how you can apply it to run your business well. #business #strategy #platformbusiness #digitalbusiness #servicebusiness

At a senior point in your career, you will transit from your functional leadership line to General Management and Business Leadership where you will have P and L responsibilities. What does it take to be a good P and L manager?  I share ten lessons. Even if you have a finance background, you will find the lessons useful because while P and L is generically a finance function, good P and L management is actually more than a finance function. #profitmanagement #strategy #business #leadership #generalmanagement