Does lateral thinking and transformational logic accelerate business model re-invention?
This was selected as Best Answer Hi Richard, When accelerating corporate innovation and business model re-invention aside of having professionals applying lateral thinking and transformational logic an organization should meet the following conditions to ensure a successful business reinvention: – The DNA for pursuing effective innovation in the enterprise is implicit in the corporate culture. It is a very hard task develop sustained innovation in the processes, products and services that are part from the operational core of a company, if prevails the reluctance of assuming the risks implicit in processes of innovation, due to fear to failure, lack of convincement from Senior Management about the strategic justification for being innovative, and the difficulty to justify financially any process of corporate innovation. – Many companies feel comfortable into of their own comfort zone when consider that the business practices that have developed successfully for ages will be by themselv
