IMD-OWP22-PostEvent-Report-V11[8]

→ Innovation

ACTION POINTS

1

LEARN • How do you embrace new ways of thinking and doing? • How do you train the curiosity muscle to identify and act on opportunities? • What systems are in place for active and continuous learning? • Can you transform at the speed of change? • How does your organization engage in rapid adaptation and increase its flexibility? • How focused are you on customer centricity? • How are you striving to be a partner of choice? • How do you foster a common purpose in your organization? • Do you co-create with partners in a way that offers shared value? • Does your organization learn by doing? • How often do you rethink your value creation strategy? • Do you engage in “sense-making” – interpreting and seeing potential in new ideas, trends, and technology?

2 ADAPT

3 COLLABORATE 4 EXPERIMENT

RECOMMENDED READING

WHAT IS YOUR SOLUTION? Based on my work and research helping organizations navigate change over the past year, I have created a four-step framework and checklist to help executives and their teams future-proof their organizations in a VUCA world: learn, adapt, collaborate, experiment (LACE).

THE LACE FRAMEWORK: HOW TO EFFECTIVELYRESPOND TOARAPIDLYCHANGING BUSINESS ENVIRONMENT Louise Muhdi (I by IMD, 29 November 2021) HOWTOJUMP-START INNOVATIONAND ORGANIZATIONAL CHANGE Louise Muhdi (Strategy & Business, 12 January 2022)

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