‘Chapter 1’ Category:
N=1 And R=G: A Social Movement
It must be obvious to you by now that the new competitive landscape is not just a weak signal of change, but rather a social movement. Whether it is buying tires, renting movies, buying insurance, watching TV and consuming news, checking in at a kiosk in an airport, or self-checking out in a supermarket (even if it takes a little bit longer and more work), we are migrating rapidly to an N=1 world. We see this everywhere. If business leaders aggressively adopt these trends, we will witness historical new growth for businesses by 2015. We believe that a large enough sample of firms in critical industries will be successful over the next few years to provide the role models and confidence that will inspire many to follow this approach and adopt its strategic options. Continue to read “N=1 And R=G: A Social Movement.”
The N=1 and R=G World
Today, we are somewhere between where we need to be and where we started the journey. We have “global” supply chains and a host of suppliers. Not all resources and competencies are resident within the firm. Simultaneously, we have segmented the consumers in many ways, including in some industries moving toward mass customization. But our thinking about consumers does not reach the N = 1 standard. Nor are we fully able to leverage the global resource capabilities available to the firm.
Developing New Principles For Innovation: Principle R=G
The principle R=G refers to the approach to understanding the nature of the resource base of large firms and learning how to access high-quality resources at low cost. The challenges facing business in adopting the R=G perspective are presented in this post.
New Demands Traditional Firms Confronts in the N=1 World (ii)
According to CK Prahalad and MS Krishnan, in the N =1 world, the traditional firm confronts several critical new demands. These new demands includes flexibility; quality, cost, and experience; collaborative networks; complexity; customer interfaces; and scalability. In the previous post, we have examined the first three demands. The remaining will be covered in this one.