Are you ready?
Deloitte often gets asked by CEOs and CXOs how we can make all of these disruptions a part of their business of today. Deloitte believes that innovation should be a tool, not an aim. Company management should have clear objectives in mind and look to see whether innovation can help them achieve them. Innovation should result in the company becoming more competitive and dynamic, and ultimately create more growth.
To land on the opportunity side of the coin and avoid shocks down the road, companies can take two immediate steps:
Conduct an impact assessment Identify the top five strengths that differentiate your company. Then look at which exponentials could potentially erode those strengths. Also look at the flip side. What are the top five pain points that exponentials could eliminate? How?