“We didn’t do anything wrong, but somehow, we lost” Nokia CEO last speech.
Businesses such as Uber, Airbnb, Amazon, and Apple have completely disrupted their respective industries and the industries they disrupted did not see it coming. Why the incumbent companies did not see it coming and what was the winning strategy of the disruptive companies is a question worth exploring.
Platform Revolution: How Networked Markets Are Transforming the Economy–And How to Make Them Work for You written by three of the most sought-after experts on platform businesses Geoffrey G. Parker, Marshall W. Van Alstyne, and Sangeet Paul Choudary “reveal the what, how, and why of this revolution and provide the first “owner’s manual” for creating a successful platform business”
Simple Rules: How to Thrive in a Complex World By Donald Sull and Kathleen M. Eisenhardt. Complexity surrounds us. We have too much email, juggle multiple remotes, and hack through thickets of regulations from phone contracts to health plans. But complexity isn’t destiny. Sull and Eisenhardt argue there’s a better way. By developing a few simple yet effective rules, people can best even the most complex problems
Strategy Rules: Five Timeless Lessons from Bill Gates, Andy Grove, and Steve Jobs By Michael Cusumano and David B. Yoffie. An analysis on the strategies, principles, and skills of three of the most successful and influential figures in business—Bill Gates, Andy Grove, and Steve Jobs—offering lessons for all managers and entrepreneurs on leadership, strategy and execution.
The Innovator’s Hypothesis: How Cheap Experiments Are Worth More than Good Ideas, By Michael Schrage Research Fellow at the MIT Center for Digital Business asks how organizations can get the maximum possible value from their innovation investments. Schrage introduces the 5X5 framework: giving diverse teams of five people up to five days to come up with portfolios of five business experiments costing no more than $5,000 each and taking no longer than five weeks to run. The book describes multiple portfolios of 5X5 experiments drawn from Schrage’s advisory work and innovation workshops worldwide.
The Balanced Scorecard: Translating Strategy Into Action, written by Robert Kaplan and David Norton. The Balanced Scorecard translates a company’s vision and strategy into a coherent set of performance measures. The four perspectives of the scorecard–financial measures, customer knowledge, internal business processes, and learning and growth–offer a balance between short-term and long-term objectives, between outcomes desired and performance drivers of those outcomes, and between hard objective measures and softer, more subjective measures.