"Intel’s (INTC) Andy Grove warned years ago that “only the paranoid survive.” Such paranoia can be fed (or can result from) consistent and regular mechanisms to tap into the industry’s periphery, the place where new trends and technologies emerge. After all, market transitions never come out of nowhere. Executives need to live in that periphery by building outposts in innovation hot spots (e.g., Israel, Silicon Valley, and, increasingly, Shanghai and Singapore), having executives regularly visit those markets, and spending significant time with bleeding edge consumers like so-called “digital natives” whose new habits will be tomorrow’s mainstream. Those activities help leaders to sense shifts early enough that they have time to react."
Posted on: Wed, 09 Oct 2013 15:08:45 +0000
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