1) The End of Owning Stuff: Innovative online platforms are continuing to support the shift away from ownership towards access in a range of industries. They allow individuals and companies to provide easy access to their assets, resources, time, and skills, often at lower cost and more convenience than was traditionally possible.
2) Agile Culture: Efficient working practices honed over years in the software development industry are being applied to other business areas. Practices like Agile Project Management with its short development cycles, daily micro-planning meetings, and in-depth evaluative retrospectives have seen widespread integration over the last few years.
3) Work and Life – Integrate or Separate: Defining when we are “at work” and when we are not, is becoming increasingly difficult. The applications and devices that allow flexibility in the workplace, remote collaboration, and cloud storage have also made the concept of the office almost obsolete.
4) Constant Collaboration: It can be an unfortunate necessity, as with Apple, unable to find reliable alternative suppliers for their iPhone A9 processor chips still rely on their main rival Samsung for their manufacture. It can be a brave strategy, as with Amazon creating their Marketplace, collaborating with millions of users and allowing them to compete directly with the company on its own platform. This collaboration paid off and now accounts for 35% of Amazon’s revenue.
5) e-Leadership: Nearly every company will need to transform its business model to thrive in a digital economy, which means the executive team’s knowledge and reputation in digital will also need to change. Leaders of course don’t need to learn how to code, or design user interfaces themselves, or analyse big data, but they do need to know the benefits of such crucial digital business tools. A key attribute that successful e-Leaders will have is curiosity. They should explore and embrace new trends, tools, and technologies as they emerge. They should be willing to try new ways of working and making. They should accept failure as an important step on the road to success.
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