Innovation is no longer a mere buzzword; it has become a necessity for survival in today’s business landscape. Traditional hierarchical structures are no longer fit for purpose, and organisations must transition to a networked model to thrive. The old model of “command and control” is being replaced by “connect and collaborate,” marking a shift from a focus on efficiency to one on adaptability.
This new era of innovation requires a reengineering of organisational structures. To achieve this, businesses must focus on three core areas: platforms, ecosystems, and resilience. Platforms, such as Amazon or Uber, are digital infrastructures that enable two or more user groups to interact. Ecosystems, on the other hand, are a network of organisations, including suppliers, distributors, and customers, that work together to create value.
Resilience is the ability to adapt and thrive in a changing environment. It involves not just surviving, but growing stronger through adversity. To build resilience, organisations must develop a culture of exploration, learning and adaptation. This involves empowering employees to experiment and learn from failures, fostering a mindset of continuous improvement.
In conclusion, the new era of innovation demands a radical rethink of organisational structures. By focusing on platforms, ecosystems, and resilience, businesses can position themselves to thrive in the face of uncertainty and change.
Go to source article: https://www.digitaltonto.com/2018/we-need-to-reengineer-our-organizations-for-a-new-era-of-innovation/