Business Models And Digital Ecosystems Flashcards
What are the five aspects of business models and digital ecosystems?
Disruptive technology
Surviving Digital Distribution
Leadership and Culture
Strategies to Build Disruptive Business
Digital Operating Market
What does disruptive technology do in an industry?
What’s a disrupter?
What is this bolstered by?
Which areas are most affected?
Fundamentally change the existing business model
Company driving change and innovation
New tech and customer demand
Finance and health
What are the 5 aspects Accenture lists relating to surviving digital disruption?(5)
What is the internet of me an extension of?
What are two aspects of the outcome economy?
What does outcome economy focus on?
What does platform Revolution enable?
What does the intelligent enterprise focus on?
What does workforce reimagined aim to do?
Internet of me
Outcome economy
Platform (R)evolution
Intelligent Enterprise
Workforce Reimagined
Internet of things
Measurable and real time
Customer needs
Data and analytics
Enhance current workforce and optimise productivity and engagement
What are the disruptive myths?(3)
Incumbents fucked
Just a back office for operational
Just implement digital unit with chief digital officer
What must companies do to foster digital talent?(3)
How can they do this?(2)
Where must they bring leadership?
How can they adapt to different ways of working?
Attract develop retain
Improve culture and offer incentives
The digital age
Integrate new technology
What are the 5 ways the world economic forum suggests to compete for talent?
Long term strategy
Formulate values with staff
Attractive work spaces
Support collaboration
Empower the work force
What 4 ways can we bring leadership to the digital age?
Forward looking culture
Allow space to fail
Understand the digital age
Spend time on projects that can be beneficial
How does a digital culture differ from traditional?
Strong mission
Lean structure
Diverse workforce
Cross functional teams
What 4 ways can you create a digital structure?
Journey management
Communication
Continuous change monitoring
Make changes visible
3 strategies to build disruptive business model
Digital business model
Digital operating model
Digital talent model
Innovators dilemma
What is not sustainable?
What must the business do?
What must they do to avoid losing market share?
Original business model
Disrupt itself
Introduce disruptive technology alongside stakeholders needs
What are the 5 ways to tackle disruption?
Build - with time
Buy- 100%, quick domination, risk slow
Partner- learn, build trust
Invest- clear commitment and intentions
Incubate/accelerate- mutually beneficial, closer relationship, management, time, infrastructure, clear strategy and vision
What are the 5 digital operating models suggested by the world economic forum?
Internal then external
Skynet - machinery and technology
Data powered - analytics and date
Extra frugal - optimise manufacturing
Customer centric - decentralised structure customer life easier
Open and liquid - enhance customer position constant flow dialogue
