In this rapidly evolving global context, we can no longer rely on small iterations and improvements, in order to keep the pace. The need to make an informed move has never been more important. Yet, many organisations go after the next shiny object, system or solution, and invest heavily in resource time and funding, only to discover that the projects take twice as long to produce a fraction of the benefit outlined in the original business case.
Learning is the new execution. According to BCG's Martin Reeves, from a competitive and performance standpoint, it was previously understood that a company remained ahead of its competitors on key metrics for a cycle of 8 years. In more recent studies, that time frame has diminished to within one year. The implication of this is that to stay ahead; organisations need to learn and innovate 8X faster.
Understandably, it is perhaps more social to share stories of success. Little is read about failures until they become so spectacular that they are the pursuit of every media house. As a business owner and a coach, I take strength from being able to look at the year critically and highlight the main areas that demonstrate strengths, and those that need work.