Innovation
Ninety-five percent of respondents to the IIS 2020 Global Concerns Survey identified innovation as important to their organization’s success, yet only 35% had active, comprehensive plans to do so. Our innovation insights focus on stress-testing the efforts of the 35% with active programs and accelerating the 65% who lag. Our thesis is that innovation incrementalism is not enough to sustain competitive advantage, much less overtake existing leaders. Instead, real gains depend on harnessing the disruptive forces overwhelming business as usual, such as exponential improvements in technology, transition opportunities and risks due to climate and other ESG drivers, and material shifts in customer demographics, preferences and needs.
Ninety-five percent of respondents to the IIS 2020 Global Concerns Survey identified innovation as important to their organization’s success, yet only 35% had active, comprehensive plans to do so. Our innovation insights focus on stress-testing the efforts of the 35% with active programs and accelerating the 65% who lag. Our thesis is that innovation incrementalism is not enough to sustain competitive advantage, much less overtake existing leaders. Instead, real gains depend on harnessing the disruptive forces overwhelming business as usual, such as exponential improvements in technology, transition opportunities and risks due to climate and other ESG drivers, and material shifts in customer demographics, preferences and needs.
Chunka Mui
Chunka Mui is a futurist and innovation advisor who helps organizations make the world better for both current stakeholders and future generations. He is the best-selling author of five books on strategy and innovation including, most recently, “A Brief History of a Perfect Future: Inventing the World We Can Proudly Leave Our Kids by 2050.” Chunka’s first book, “Unleashing the Killer App: Digital Strategies for Market Dominance,” has sold more than 150,000 copies and was named by the Wall Street Journal as one of five best books on the business and the Internet. His second book, “Billion Dollar Lessons: What You Can Learn from the Most Inexcusable Business Failures of the Last 25 Years,” was named by numerous publications as one of the best business books of the year. Chunka engages regularly with more than 310,000 followers on LinkedIn. He also publishes a bi-weekly “Future Perfect” newsletter via LinkedIn.
Chunka was previously managing partner and chief innovation officer of Diamond Management and Technology Consultants (now part of PWC) and co-founder and director of Vanguard, a global research and advisory service that explores the intersection of strategy and emerging technology (now TTI Vanguard). Chunka holds a B.S. in computer science and engineering from MIT. He lives and zooms from the Champlain Valley of Western Vermont. More details and contact information are available at chunkamui.com.