 In our experience, CEOs often don’t pay a lot of attention to the financial optimization of their company, unless their accounting is broken, they have a financial background themselves, or they have a strong CFO at the table. In this Gravitas Impact Premium Coaches webinar, Dominick Becivenga, former VP with Citibank and current President of A Team Consulting in New York, discusses how small to Mid-Market CEO’s could create financial predictability and a competitive advantage by investing in their financial and accounting technology and strategic talent. Subscribe to Gravitas Impact podcast: Android
What can you do to optimize your finances? To find out what you and your leadership team can do to improve your financial position to more easily, quickly and profitability, AND enjoy the ride, try our complimentary Agile Growth Checklist. This self-service questionnaire takes 5 to 10 minutes to complete. You'll receive the checklist with your responses immediately. Within 24 hours, you'll receive a compiled report highlighting areas to improve. Complete section 5 to check your financial processes. Or complete all 7 sections to find out how your company is doing in each of the 7 areas needed to produce more rapid, profitable and sustainable growth. This report is complementary and involves no obligation.  When it comes to developing a revolutionary product, or responding to one developed by a competitor, why do so many established companies fail?
Innovation thought-leader Clayton Christensen shares his research and guidance in The Innovator’s Dilemma. There are “two principles of good management” commonly taught in business higher education: 1) always listen to and respond to the needs of your best customers, and 2) focus investments on those innovations that promise the highest returns. In practice, however, these principles are often the root causes for a company’s demise. The central idea is that companies become successful by developing their organizational capabilities to do the work needed to sell, produce and deliver products or services to their target market. However, when a related disruptive technology or opportunity emerges, the customer market is somewhat different, at least initially. And the organizational capabilities needed to be successful also differ. Established companies often try to respond to, or develop, a disruptive technology from within their company, using their legacy organizational capabilities. This tends to fail. Alternatively, they change their existing capabilities to support success with the new technology, which usually erodes their core business. The solution, for truly revolutionary technologies, is to spin out a separate team that can develop the new organizational capabilities. Internal teams, by contrast, work best for evolutionary technologies. Note that Clayton Christensen’s research, outlined in this book, aligns well with the findings of Chris Zook summarized in Profit from the Core (which we introduced last month). In that book, Zook outlines how companies are most successful when they innovate with extensions of their existing products and services, extensions that leverage their existing capabilities, rather than entirely new offerings that require different capabilities. The added nugget in Christensen’s research is that entirely revolutionary offerings CAN be successful, but not WITHIN the company. A separate organization, with unique capabilities, needs to be created to focus on that disruptive opportunity. Book: 288 pages. Book summary on Soundview: 8 pages, 18 minutes audio. How can you improve your innovativeness? To find out how to improve your innovativeness to grow more easily, quickly and profitability, AND enjoy the ride, try our complimentary Agile Growth Checklist. This self-service questionnaire takes 5 to 10 minutes to complete. You'll receive the checklist with your responses immediately. Within 24 hours, you'll receive a compiled report highlighting areas to improve. Find out how your company is doing in each of the 7 areas needed to produce more rapid, profitable and sustainable growth. This report is complementary and involves no obligation.  Learn how adaptability, resilience and optimism can help you manage change In partnership with Growth Faculty, we are delighted to offer you a 10% to a Live Virtual Masterclass – Adaptability: Your New Competitive Advantage – with John Spence. Constant disruption creates anxiety and stress. To survive and even thrive in this pressure-filled environment, individuals and organizations must increase their Adaptability Quotient (AQ). From a business standpoint, AQ is the ability of your organisation to be agile and adjust its course in response to unexpected shifts in the marketplace. On a personal level, AQ measures your ability to react quickly and effectively to change. In a new 90-minute masterclass with highly rated speaker and coach John Spence, learn what it takes to become more adaptable, agile and adjustable. In this session, you will:
A very popular Growth Faculty speaker, John’s last masterclass was rated 9.5/10 by attendees. “Three keys to success in business are focus, discipline and action.” - John Spence Tuesday, February 7, 2023 - 6pm in MB, 6pm in SK NON-MEMBER: $130* | OUR NETWORK: $115*  *Prices quoted in USD. What can you do to grow your mid-size company?
To find out what you and your leadership team could do to grow more easily, quickly and profitability, AND enjoy the ride, try our complimentary Agile Growth Checklist. This self-service questionnaire takes 5 to 10 minutes to complete. You'll receive the checklist with your responses immediately. Within 24 hours, you'll receive a compiled report highlighting areas to improve. Find out how your company is doing in each of the 7 areas needed to produce more rapid, profitable and sustainable growth. This report is complementary and involves no obligation. |
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