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While we've witnessed the rise of the Internet, smart phones, and a variety of consumer services like content streaming and online banking, most companies haven't yet embraced methodologies like lean startup, design thinking, agile engineering, or technologies like cloud architectures, IoT or machine learning.
'Unicorn' is a term in the investment and venture capital industry use to define a start-up company whose valuation has exceeded USD$1 billion dollars. When you look for these (apparently not so) mythical creatures we find a plethora of U.S.-based companies: Uber, Airbnb, Palantir, Snapchat, Dropbox and others.
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This is the final in a series about the future of business that highlights the impending shift in organizational change. In my first post, "Will The Future Of Business Radically Change Everything As W...
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Senior management is unwilling to relent to the strength and power of the consumer. It is surprising how many businesses still "think" they can control the message, despite the countless examples of organizations that have been humbled by this thing called social media. By preserving control at the top of the hierarchy, these same organizations are increasingly vulnerable to the volatility of the customer voice.
Unless you're burying your head in the sand, the world as we know it is changing. Things we've come to rely on as standards that were once sustainable are no longer working. Economic, global, technological and consumption events have and are making business rethink the tried and true.