Fear Not the Pace of Disruption

Cesare R. Mainardi is a smart man. Now an adjunct professor of strategy at the Kellogg School of Management, he is the former CEO of Booz & Company and Strategy&. Mainardi put pen to paper along with Paul Leinwand, Global Managing Director at Strategy&. Leinward is no slouch either and the two of them cannily strip away at a top-of-the-agenda topic these days. Writing in strategy+business, their article is titled, The Fear of Disruption Can Be More Damaging than Actual Disruption. It carries more than one premise and all intrigue. It starts out by acknowledging that technology has been and, will...

Being Innovatively Practical

Every day the news is replete with some amazing new advance in technology. It is like we are on the cusp of living in the world of Buck Rogers or Luke Skywalker. It will be great to beam ourselves to a sunny beach and take a magic diet pill to avoid the gym. Yet, take a look around and is much really changing? You still have to line up at Starbucks like a Soviet-era bread line. For all the talk of fintech, it is still drudgery to apply for a loan or mortgage. And let’s not even talk about healthcare and...

Has Disruption Become a Buzzword?

It is akin to the fall of historic empires. Entire industries are being upended by agile new business models aided by innovative technologies. We know the names. Amazon has declared war on traditional retail. Uber is morphing into a logistics behemoth. Airbnb implores us to experience a place like a local, not make a hotel room your destination. It seems no one is safe. Academics and gurus once spoke of “barriers to entry” and “adjacent spaces”. It is time to change the curriculum. The business world is now one big white board waiting to be filled. The problem is many companies...

Being Agile is Not the Goal

There is a skill and practice increasingly attractive to organizations. It refers to the power of moving quickly and easily or being nimble. Further, it is the ability to think and draw conclusions quickly with intellectual acuity. We are speaking of organizational agility. An October, 2017 article in the McKinsey Quarterly titled, How to Create an Agile Organization, is a must read. The consultancy conducted a global survey examining those who move accurately with speed versus those that do not or cannot. The takeaways and benefits are clear. McKinsey concludes that, “agile units report better performance than all others do, and companies...

Complicated vs Complex Challenges in Pharma

The pace, scope, and variety of challenges we face as executives in Pharma are both invigorating and overwhelming. They span macro trends such as personalized medicine, real-world-evidence (RWE), onerous regulatory pressures, collaborative R&D and Digital health, as well as those specific to our businesses including post-merger integration, loss of exclusivity, market access challenges, share erosion, etc. Knowing how to categorize and tackle each problem is key to solving it.  One of the most effective lenses is to understand that most challenges boil down to two simple categories: ‘complicated’ and ‘complex’. Is this a complicated or complex challenge? A complicated challenge, although new to...