Stick or Twist? How to prioritise innovation and transformation in tough times (and reinvent your enterprise in the process)

OVERVIEW

Recession, inflation, the cost of living, disruption. You don’t need telling in any finer detail what’s contributing to the challenging environment leaders find themselves in, but an exchange of ideas and approaches with peers might help. You know that times of trouble are when you need to put transformation front and centre but you’re under huge pressure to deliver cost savings while maintaining business as usual. So what’s the answer?

Getting the buy-in

Trying to innovate in tough times is not a new theme. Finding the space for innovation, agility and transformation is always difficult when you’re having to worry about keeping your head above water. Innovation itself should be a force for simplification, but you need to be set up with the right culture. How do you win the argument that now’s the time to transform?

Reimagine the business end-to-end

You need to improve the experience for customers, partners, and employees and deliver value. That means compressed transformation. How do you look across the entire operation, choose a single approach to transformation, harness technology and execute with speed to keep down costs?

Reinvent and clear the technical debt

Technical debt can be a real drain on innovation. A euro spent on technical debt is a euro that can’t be invested in innovation and transformation. How can today’s business break the pattern of ‘kicking the can down the road’, become reinventors and truly modernise?