Business units don’t operate alone. Whether it is sales, marketing, logistics, research, accounting, operations, or human resources, each area must work together towards a common goal. The future and profits of every organisation depend on this interconnectedness.
Business Units Need to Cultivate Agility
Balancing the size, responsibilities, and resources available for each business unit is a continual challenge for every organisation. The marketplace, customer needs, and available resources are in constant flux.
Yet, business units must operate at maximum efficiency if an organisation is to prosper. Consequently, each business unit needs to cultivate greater agility. Business units must be able to pivot on demand to ensure overall organisational flexibility and ongoing profitability.
Failure to Adapt Can Have Dire Consequences
One example of the negative impact of poor agility in business is Apple’s story in 1995. Up until this point, the company had maintained little inventory. However, the release of the Power Mac led to a surge in demand. Apple was unable to fulfill orders, which led to a 17-point drop in share price and a loss of market share.
One doesn’t need to look far to find other examples of companies that didn’t adapt to market changes quickly. Netflix started a video streaming service. They approached Blockbuster, who dismissed the idea instead of embracing its innovation. The concept took off and Blockbuster perished.
Kodak invented some of the first digital cameras and even developed a digital app. However, they were late to the digital camera market and only used the app to encourage people to print photos. They clung onto their hopes of saving film and their resistance to change eventually lend to bankruptcy in 2012.
More recently, Blackberry went from a dominating force in the mobile phone market until iPhone and Android devices appeared with touchscreen technology. Blackberry failed to keep up with how people interacted with new technology. Their market share was a meager 0.2 percent by 2016.
Affordably Optimising Business Units
Often times, senior management has plenty of data and insights, but they lack direction. Additionally, companies are interconnected, so it can be difficult to understand how business unit change might affect the company.
Consequently, the complex process of finding actionable innovations often falls to external business consultancies. Most business leaders recognize names such as McKinsey & Company, KPMG, Ernst & Young, and Deloitte, but their services come with a huge price tag few organisations can afford.
Luckily, companies do have alternatives. They can eliminate inefficiencies found in their traditional business model, streamline operations, and prepare for change, with minimal overhead cost. EarlyBirds offers several cost-effective ways to do so.
Creating Edge & Agility
Understandably, many companies do not know where to start when they want to strengthen their business units and organisation. The options are seemingly endless as are the potential technological solutions.
Fortunately, EarlyBirds can provide established market leaders with an edge by giving them unfettered access to young start-ups, emerging scale up and mature growth-stage companies. Organisations can also implement potential solutions in a limited capacity to test their viability.
EarlyBirds expertise, Subject Matter Experts, and expansive marketplace of new and disruptive technologies can help organisations become self-learning, self-sustaining, and incredibly agile.
We also offer unique programs for ad hoc or supplementary needs, as well as ongoing transformational support. Companies can streamline business units and improve connectivity, without breaking the bank.
EarlyBirds Innovation Ecosystem
The EarlyBirds Innovation Ecosystem is a Business-to-Business portal connecting Innovators, Early Adopters, and Subject Matter Experts. Early Adopters are leaders or influencers in an organisation eager to identify new and disruptive technologies. They want to seize opportunities, solve business challenges, or create new products and services.
The Ecosystem has a data pool of over 4 million global innovations that may already address your organization’s challenges. Alternatively, organisations can list their challenges and request solutions from innovators.
EarlyBirds Explorer Program
The Explorer Program is tailored towards those who need innovation as a service to supplement existing innovation programs, or to conduct innovation projects when required.
EarlyBirds Challenger Program
The Challenger Program focuses on a single organisational or technical challenge. It looks for the most relevant innovators that meet your organisational, technical, and risk requirements.
The program is run by an EarlyBirds Subject Matter Expert who identifies your key issues. The SME then searches the data pool to identify and curate options for further evaluation. The most suitable option is chosen and the SME drafts a roadmap of next steps, POC, trial, or implementation.
EarlyBirds helps organisations plot a path towards innovation. Let us direct you towards appropriate innovative solutions and the expertise you need to increase operational efficiency.
If you’re interested in partnering for success, please register at https://earlybirds.io/, or contact us to discuss your needs.