JOHANNESBURG: 07 JULY 2020
Innovation and Business Model Disruption Masterclass
A masterclass with Dion Chang.
Whilst companies understand the essence of disruption, they misunderstand the tools and dynamics needed to meet that disruption and are therefore unable to scale or implement the innovation process.
“In an era of disruption, every company is searching for the Holy Grail of innovation. In the past three years, I’ve been questioning why innovation fails or succeeds in the corporate world. I’ve attended innovation tours (of the top 50 performing companies in NYC) and recently returned from an Innovation Masterclass in Silicon Valley focused on “how to scale innovation in large organisations”. Every time I delve into what fuels innovation, one thing becomes clear – CEOs and executives often misunderstand the innovation process. Almost all view it as a technological challenge, whereas my findings point to a more fundamental shift: the redesign of outdated corporate business models”. Dion Chang
The following threads are explored and woven together:
- The intersection of inevitable disruption all companies face, the skill sets needed to meet disruption, and the necessary changes needed in the company’s operating system to become more agile and adaptive.
- The irony of change: without a plan you can’t execute, but when you execute the plan changes. What is your company’s appetite (and capacity) to continually evolve the plan, or shift goalposts?
- Reinventing “failing fast”. How leadership should respond to failure. Failure reminds us of what matters most, rather than what went wrong.
- People with no experience innovate because they don’t have institutional baggage. Is there anyone with different thinking missing from your company’s departments? Should your company still be operating in silos and departments?
- All together now: in many cases getting employees “onto the same page” is more about getting management on the same page.
- The communication disconnect is usually both vertical as well as horizontal.The business of Identity Politics. Diversity is about who is in the room, inclusivity is about what each person does. Diverse experiences and opinions provide “eyes of a child” – the lifeblood of innovation.
Dion Chang is one of South Africa’s most respected trend analysts and founder of Flux Trends, which takes the unique view of "trends as business strategy".
Flux Trends specialises in identifying unexpected business opportunities within shifting trends, and specifically the impact of disruptive technologies - across all industries - ensuring that global trends have relevance when translated for African, and South African businesses.
Dion is passionate about assisting companies embrace change and embedding a culture of innovation into corporate operating systems. As a result, he is used as a management consultant for businesses facing change and struggling to adapt to a new world order.
He will see your blind spots and is not afraid to ask those difficult or uncomfortable questions.
He lectures Foresight and Innovation Implementation modules for executives and senior management at various business schools, including GIBS, UCT’s Graduate School of Business and Duke CE. He has devised and hosted three trend conferences and published three trend books.
Apart from being an information source for cross-industry trends for many journalists, he also writes columns for City Press, Acumen (a C-suite business quarterly for GIBS) and is a regular podcast contributor to eBizRadio.