Expertise can impede performance. Here are some warning signs that you might have fallen into an expertise trap: - Market developments begin to take you by surprise. - You’re unfamiliar with new technologies or approaches in your industry. - Others seem uncomfortable challenging your assumptions and ideas. - You tend to do things in a certain way because “Well, that’s how we’ve always done it.” - When making decisions, you focus on risks rather than on opportunities. - You di

As complex ecosystems are emerging throughout the business landscape and across industries, companies must work with a far wider range of partners to pull together the underlying technologies, applications, software platforms, and services needed for an integrated solution. All industries are seeing an evolution of their products and services and a need to collaborate differently. This new reality can be especially challenging for incumbent players, many of which are used to

Myths are usually based on a plausible half-truth, and they do not immediately lead you astray if you start to act on them. In the discipline of strategic thinking, here are five of the most pernicious myths: Myth 1: Strategy is about the long-term - Far from being about things we are going to do in the future, strategy is about what we are going to do now in order to shape the future to our advantage. Myth 2: Disruptors change strategy all the time - In the case of Amazon an

Companies move through their business life cycles twice as fast today as they did in the early 1990s and there is strong evidence that preemptive self-disruption is much more likely to be successful than involuntary disruption. Playing games in business can be a powerful tool to unlock a much-needed capacity: counterfactual thinking. Without counterfactual thinking, we become mentally and practically stuck, exploiting the prevailing offering and business model instead of aski