Big Companies Can Innovate
Big companies have the money and resources, so why is it so hard for them to excel in groundbreaking disruptive innovation?
The innovator’s dilemma arises when companies are dominant and have a need to protect their market resulting in the shift from disruptive innovation to sustaining innovation.
In many instances, big companies simply add technologies haphazardly to their existing business model when true innovation is to reconstruct business model with technology, capitalizing on new and emerging opportunities and morphing business models with the help of technology to achieve a more sustainable competitive advantage.
How do we view innovation? Do we simply adopt any new technologies that come along? How do we as IT leaders weed out the hype and focus on the value-add technological capabilities?
At this Good Morning CIO Breakfast Roundtable, let’s have an open dialogue with Kin Wei as he shares with us some of the use cases and proof of concept projects such as Blockchain and Artificial Intelligence to value-add in business.