IMD-OWPLIVE22-PostEvent-Report

→Strategy

ACTION POINTS

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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? Adapt: 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? Collaborate: 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? Experiment: Does your organization learn by doing? How often do you rethink your value creation strategy? Do you engage in “sensemaking” – interpreting and seeing potential in new ideas, trends, and technology?

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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 EFFECTIVELY RESPOND TO A RAPIDLY CHANGING BUSINESS ENVIRONMENT By Louise Muhdi (I by IMD, 29 November, 2021) HOW TO JUMPSTART INNOVATION AND ORGANIZATIONAL CHANGE By Louise Muhdi (Strategy & Business, 12 January, 2022)

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