New book co-authored by Heidrick & Struggles' Scott Snyder presents six rules to help business leaders become digital disruptors and make talent the centerpiece of their company's digital innovation strategy
CHICAGO, Feb. 12, 2019 /PRNewswire/ -- Released today, "Goliath's Revenge: How Established Companies Turn the Tables on Digital Disruptors" examines how established companies can use their incumbent advantages to deliver innovative, customer-driven outcomes and gain marketplace advantage ahead of emerging, digital-first competitors. "Goliath's Revenge" serves as a practical guide for business leaders who are looking to reinvent their companies, attract the right talent to build a culture of continuous innovation, and accelerate business performance.
"Digital disruption is the new normal, and technologies like artificial intelligence, robotics, and virtual reality are transforming companies across every industry," said Krishnan Rajagopalan, President and CEO, Heidrick & Struggles. "In the C-suite, these changes are raising more and more questions around people, training, and culture. In our role as trusted leadership advisors and with our expanded range of executive search and consulting offerings, we are uniquely positioned to help our clients understand and manage the leadership, talent, culture, and human capital implications that come with leading a company's digital transformation and creating a culture of innovation."
Co-authored by Scott Snyder, a Partner in Heidrick & Struggles' consulting division who delivers digital acceleration solutions for enterprises and is a recognized thought leader in technology and innovation, and Todd Hewlin, a co-founder of TCG Advisors and a leading expert on digitization and business innovation, "Goliath's Revenge" draws from the authors' own experiences fueling digital growth.
The new book offers six rules that business leaders can apply to reinvent their company's long-term digital innovation strategy and to:
- Deliver market-shaping customer outcomes
- Balance top-down and bottom-up innovation
- Unlock the latent value in existing data assets
- Accelerate innovation through external networks
- Build the digital skills needed for successful reinvention
- Use purpose to fuel disruptive innovation opportunities
Last year Heidrick & Struggles launched Heidrick Consulting to help leaders navigate through ongoing business transformation and accelerate performance by assessing and developing the effectiveness of their leaders, teams, and organizations. Snyder and his team work with leaders focused on digital disruption to help them align their organizations, shape their culture, and develop the digital dexterity needed in their workforce to drive continuous innovation and build long-term digital advantage.
"We are at an important inflection point in the digital age," commented Snyder. "The pace at which new technologies are emerging and taking hold will only continue to increase. To remain ahead of the curve, business leaders will need to make talent and culture the centerpiece of their innovation strategy, with the understanding that the people, and not just the technology, will be the true differentiators and key to their success in the digital future."
The book features several examples and in-depth case studies from leading, established companies across multiple industries, showing how they were able to become digital disruptors by delivering step-change customer outcomes, accelerating innovation and building new teams and skillsets.
"The stakes in dealing with digital disruption have never been higher with industry after industry evolving toward winner-takes-most outcomes," said Hewlin. "The six rules in 'Goliath's Revenge' will help established companies activate their incumbent advantages to simultaneously protect their core franchises and grow into adjacent markets. The detailed success examples provided in the book will give them the confidence to switch from defense to offense."
About Heidrick & Struggles
Heidrick & Struggles (Nasdaq: HSII) serves the senior-level talent and leadership needs of the world's top organizations as a trusted advisor across executive search, leadership assessment and development, organization and team effectiveness, and culture shaping services. Heidrick & Struggles pioneered the profession of executive search more than 60 years ago. Today, the firm provides integrated leadership solutions to help our clients change the world, one leadership team at a time.® www.heidrick.com
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SOURCE Heidrick & Struggles