'Disruption is creation', a mantra for business leaders
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INNOVATE or get left behind. Businesses today know it and have seen it happen with their own eyes. From Amazon to Uber and Netflix, we have all seen new or small companies disrupt or vanish within months. Leveraging technology is key. Firms of all sizes and industries need to use new technology to create advanced business models that create greater value for their customers.
Governments, too, are on board. From Singapore's Committee on the Future Economy to the Asean Economic Community formed in 2015 to India's Innovation Growth Programme, government leaders and influential organisations in the region are increasingly enabling companies of all sizes to develop innovative capabilities, make better use of technology, and implement new business models in order to stay relevant and competitive.
The opportunities are there, but what do business leaders need to consider when embracing this revolution? Here's a checklist to kick things off:
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