Disruption has become a buzzword, which is often labeled with digitization. Even though these concepts are related it is important that they are not put in the same category. Learn how to distinguish and get ready for the digital change and opportunities in this column by Thomas Honoré.
Everything went well! Through the years, companies had positioned themselves in the market, the competitors’ strategies were well known, the customers’ needs were predictable, and even though the competition was tough, there was and understanding of the market dynamics. Then suddenly – out of the blue – an extreme disruption occurred. Today, we call it the digital disruption.
The ERP system, financial system or business system! No matter what you call it, the ERP system is for most companies the heart of the organization. Top tuned a strong competitive advantage, but outdated a barrier that can have disastrous consequences.
I recently attended a networking event with a number of business leaders. At some point, the discussion tuned into the use of social media at work, and suddenly I was part of a very interesting and intense debate, as a CEO of a small IT company proclaimed, “in his company employees are fired if they use Facebook during working hours”.
Sometimes you can feel a little old when you think about how life was without smartphones and tablets. This is how I felt recently when I returned from a rewarding business trip. Columbus had just announced the acquisition of the company Dynamics Anywhere, a leading mobility software company. When I came home and told my 17-year old son about the acquisition and the fantastic opportunities it offers our customers, his enthusiasm was not quite the same as mine.