In this era of accelerated transformation and soaring customer expectations, reinvention is as crucial to an organization’s survival as its leadership, balance sheet, or business plan.
We’re entering an era of exponential change such that our organizations must become better and faster at creating innovative products and services while they also consider adding entire product categories and entering new markets. Those who adapt to this accelerated pace of change win. Less agile competitors fall by the wayside.
There are lessons to be learned from both fast-growing unicorns and big-name bankruptcies. But for insights on successful reinvention, the best lessons may come from organizations that have already successfully reinvented themselves—sometimes continually over many years.
In this article, we take a look at six organizations that have mastered the art of reinvention, three major industries in the midst of reinvention right now, and the essential steps every executive needs take if they want to stay relevant.
Read this article to learn how:
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