mckinsey.comThis digital era will dwarf what’s occurred in the information era and the value of the Internet today. It isis the connectivity of going from a thousand devices connected to the Internet to 500 billion. It will transform business. It will transform our lives, our healthcare system. Business models will rise and fall at a
tremendous speed.

As leaders, if you don’t transform and use this technology differently—if you don’t reinvent yourself, change your organization structure; if you don’t talk about speed of innovation—you’re going to get disrupted. And it’ll be a brutal disruption, where the majority of companies will not exist in a meaningful way 10 to 15 years
from now.

The sources of innovation have to move from being something you do on the fringe to something you have to do mainline. You have to create an environment of really rapid innovation internally.

The first step is merely making it an independent group, because if you do it inside your organization, your existing culture will kill it.

Easy to say that John is one of the great thinkers of our time. He steered Cisco to router supremacy and then into any number of adjacencies – a powerful business concept. He hasn’t always been right, but then no one who is actually doing real thinking is.
This interview covers a lot of ground. It’s written for senior managers but there is something there for everyone who is trying to manage innovation within
their organization.

read more at mckinsey.com

 

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