How do you build a great business?
Vusi and his team of researchers sought to answer this simple question. They found that there are 4 Laws to building a great business.
Beyond Chaos: Change is happening everywhere around us. Today, the amount of processing data you have in your microwave is more than the 64kb Neil Armstrong & NASA used to land on the moon.
From their intense research into the factors driving disruption of businesses, Vusi and his team at Watermark Afrika Research found 4 Principles (Truisms) of what it takes to stay ahead of the curve of change.
Innovation is not a linear pursuit. Often, it happens at the intersection of two industries. Leaders are challenged to find factors or sectors unrelated to what they do daily or their value chain, and look to those sectors for disruption.
7 Questions Thinking Process – Strategy in the Complex, Chaos World Question 7: creating a masterpiece What is an organisation: a cumulative sum of people (WE) who gather at a point in time (WORKING HOURS) for a common purpose (MAKE PROFITS) What are the behaviours that are going to drive the business we desire? Use […]
7 Questions Thinking Process – Strategy in the Complex, Chaos World Question 6 : What is your strategic lever? What is your STRATEGIC pillar for growth? ADDED as a platform: Add Volume: in efficiency-led markets where differentiation of product is difficult, adding volume often results in adding marginal contribution which is consistent with adding shareholder […]
7 Questions Thinking Process – Strategy in the Complex, Chaos World Question 5: What is a LEADER? Listen & looking to what is happening Efficient & Effective to allocate capital and resources Antenna – connection to source, connection to information and data Disrupt own thinking and challenge biases Effective in response to change happening in and […]
7 Questions Thinking Process – Strategy in the Complex, Chaos World Question 4:What are your tolerance and budget for pain? What is the tolerance (budget) for PAIN? *consider: most executives think in short-term sprints. Most CEOs are employed in the 5year contracts, middle management takes a 7-year view & employees even shorter than the former. […]
7 Questions Thinking Process – Strategy in the Complex, Chaos World Question 3 : What are the costs and opportunities of information asymmetry ? Quantify & manage the information asymmetry + risk of a market for lemons. What are the cost & opportunities of information asymmetry upon entering emerging/new markets? What is information asymmetry? What […]
7 Questions Thinking Process – Strategy in the Complex, Chaos World What is the emerging market?How do you balance that with your current market? What is the role of scenario-based planning in your strategy process? What are the emergent spaces for which your current consumer seek value but you don’t yet have a product? What is […]
7 Questions Thinking Process – Strategy in the Complex What is the market? Who do you service? Why do they buy it?
Disruption in the world (Light series ) How to disrupt in your marketplace ? Disruption is not implementing new technology. It is the about when companies think in a fundamentally different ways and delivers exponential rates of growth. In order to achieve Net promotive score (NPS) x cheaper, better, Faster Ask yourself these questions: Can […]
Resisting Change. Fighting Biases. ( Light series) If we know we need to make a change , why are we so committed to the way we have done things? Why do organisations find so difficult to change? What is the inertia to change that impedes the changeability of organisation? What can we business leaders of […]
How to deliver a great customer experience. Everyone tell you to be customer centric but no one shows you how to do it. We have a formula that helps you give a great customer experience Relevance ( Personalised and meaningful) offer the customer what they want when they need it . Reliability Keep the brand […]
How To Deal With Change You have heard the talk about change and how businesses need to change. This is not the first time humanity has experienced change The rate in with the world is changing has changed. When the cave man created fire that was the first time humanity experienced any technology NB Technology […]
Challenging the 10 000 hours theory ( Light series part 1) How Malcolm Gladwell got it wrong? The question is , what does it take to reach the top 1% of any chosen field or profession? Malcolm Gladwell says if you commit yourself to 10 000 hours of practice , diligence and study, you have […]
Anyone that proclaims themselves an expert on DISRUPTION is either a snake-oil salesman or delusional. Here is why. 1. Human being can’t learn, gain insights and apply knowledge at the rate at which knowledge is being generated; 2. the past is no longer a predictor of the future; Beware the snake-oil salesmen who call themselves […]
Vusi Thembekwayo talks entrepreneurship and their Dragon’s Den book on eNCA Moneyline.
Africa has the solutions.