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WINNER OF THE 2017 AXIOM BEST BUSINESS BOOK AWARD
"Digital disruption" sounds like another business buzzword-until it happens to your company. Seemingly out of nowhere, startups and other tech-savvy disruptors attack. Your customers bolt for the door and revenues stall. Senior executives ignore the problem, or turn to yesterday's management playbook. In months instead of years, you've gone from market leader to also-ran.
This scenario is beginning to play out in every industry. Everything that can be digitized-from products and services to the entire value chain-is being digitized, to the advantage of companies that can harness disruption. Unfortunately, few companies are building the organizational capabilities and strategic responses to compete in this stark new reality.
In Digital Vortex, you will learn how to use the business models and strategies of startups to your own advantage. Instead of waiting to be disrupted, you can maximize the value of your existing businesses and move into profitable new ones. Most importantly, you will learn how to build the agility to anticipate threats, sense opportunities, and seize them before your rivals do.
In today's world there are two paths: navigating to a new digital future, or being engulfed by exponential competitive change. With recommendations backed by research with thousands of senior executives from market leaders and startups alike, this book gives you a compass to chart your own course-to compete with disruptors and win.
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978-1-945010-02-6 (9781945010026)
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Michael Wade is the Cisco Chair in Digital Business Transformation and Professor of Innovation and Strategy at IMD, a Swiss-based business school focusing on executive education. He is the Director of the Global Center for Digital Business Transformation, an IMD and Cisco initiative. Michael has more than 50 articles and presentations to his credit in leading academic journals and conferences and has written seven books and more than 20 case studies based on his experience working with organizations. He co-direct's IMD's Leading Digital Business Transformation executive program, and has designed several customized programs for companies such as Credit Suisse, Vodafone, Maersk, Zurich Financial, PSA Peugeot Citroen, and Cartier. He has provided consulting services, executive education, and expert evaluations to public and private sector organizations, including IBM, LVMH, Nestlé, Google, and Novartis.
Michael obtained Honors BA, MBA and PhD degrees from the Richard Ivey School of Business, University of Western Ontario, Canada. He has lived and worked in seven countries and currently resides with his family in Switzerland.
Foreword
Introduction
Chapter 1: Disruption in the Digital Vortex
Chapter 2: Digital Value and Business Models
Chapter 3: Value Vampires and Value Vacancies
Chapter 4: Strategic Response Options
Chapter 5: Digital Business Agility
Chapter 6: Hyperawareness
Chapter 7: Informed Decision-making
Chapter 8: Fast Execution
Conclusion
Afterword
Acknowledgements
Appendix A: Digital Vortex Methodology
Appendix B: Digital Disruption Diagnostic
Appendix C: Digital Business Agility Diagnostic
Endnotes
Index
About the Authors
