Tag Archives: business

Why You Should Consider Leveraging Networks on Your Digital Business Model

With the economy and worldwide markets changing so much with every passing year, businesses are challenged to change their current models to stay relevant. And with The Fourth Industrial Revolution becoming increasingly likely, there are so many great opportunities for service organizations to take a step to the next level. Despite the changes that we are anticipating in the coming

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Three Best Practices for Leveraging the Crowd for Idea Creation

As organizations transform by and through migrating to the cloud, they face a challenge of scaling rapidly in ever-shortening timeframes to achieve or to retain a competitive edge. This requires change management on an unprecedented, global scale and hence, requires organizations to use their resources flexibly whenever required. This is only possible if the organization’s leadership realizes and understands the

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Three Ways to Co-Innovate with Universities and Business Schools on New Scenarios for the Cloud

During a recent follow-up research, to bring myself up-to date with newer efforts, I stumbled across the OPEN INNOVATION BLOG. It offers extensive resources, research, discussions, and applications of “open innovation”—the idea that firms should remain open to ideas from outside as well as pursue and leverage internal innovation. It intrigued me to find opportunities that could support the current transformation

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Merge Fragmented Service Expert Groups for One Common Service Component of Your Platform

Innovative service functions leverage technology platforms and service components to move away from their traditional roles by accommodating the new, high-value-added services and business models. An efficient method of strengthening the service component of a technology platform is by identifying and merging fragmented service expert groups within a service function. UNDERSTANDING INTERNAL FRAGMENTATION Service experts act in a supporting role,

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How Leaders Can Ride on Top of the Waves of Innovation

In an age of hyper-scalable businesses, staying abreast of innovation is crucial to the sustainability of every organization. However, as we have seen through the decade of digital transformation, many giants have had challenges to do that, at times because the innovation was exceptionally “true” (e.g., cloud and big data), but at other times because they did not pay heed to the

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