Date of publication: March 2018
New technologies open amazing opportunities, with the potential to alter industries in ways never imagined, and results never thought achievable.
Innovation is top of mind for every senior executive. Business leaders experiencing disruption to their industries are looking for new business opportunities to pursue. To succeed in this highly dynamic environment, every company in every industry needs to become an “innovation powerhouse”. This means undertaking many innovation initiatives, while ensuring that business continues to operate as usual.
The impact of emerging technologies on traditional industries has been analysed in this paper and a transformation blueprint has been proposed for companies to drastically improve their innovation capabilities. Led by the John Grill Centre for Project Leadership at the University of Sydney (Australia) and Silicon Valley Innovation Centre (USA), this blueprint is relevant for governments and businesses across various industries such as banking, telecommunications, infrastructure, energy and utilities, mining and others.
This paper discusses the broader economic context in relation to technological advancements, and offers a practical guide to:
We have entered the time of the “Fourth Industrial Revolution”, where technology breakthroughs go beyond production automation or digitisation of information. Read chapter 1 here.
Companies need to transform into innovation powerhouses to succeed in this fast-changing world. Read chapter 4 here.
The most successful enterprises in today’s fast-changing markets are those that take steps to become an innovation powerhouse.
To do this, businesses not only need to respond to opportunities far more dynamically, but also engage early on. Corporate leaders must keep up with technology trends, update their company’s business strategies, kick off corporate transformation initiatives and enhance other innovation capabilities. The transformation blueprint outlined in this paper offers a comprehensive set of steps every company can follow to accelerate its transformation journey.
The blueprint is an integral part of our new Leading Transformation Projects program, jointly offered by the John Grill Centre for Project Leadership and Silicon Valley for Innovation Center.
The collaboration between the John Grill Centre for Project Leadership (Australia) and Silicon Valley Innovation Center (US) leverages each organisation’s strengths in project leadership and corporate innovation to provide joint executive education programs for companies interested in preparing themselves for the coming industry disruption in banking, infrastructure, telecommunications, energy, resources, transportation, government, and other industry sectors.
Chief Operating Officer, John Grill Centre for Project Leadership
A passionate entrepreneur and intrapreneur, Amar serves as the Chief Operating Officer of the John Grill Centre for Project Leadership at the University of Sydney and a founding partner of Curio Group (Australian Financial Review Fast Starter 2017). Amar also founded iCommunis in 2017, a technology platform to improve community engagement across all infrastructure categories. Amar’s interest and experience includes Business Technologies, where he has established a Silicon Valley partnership in custom executive education.
Vice-President, Silicon Valley Innovation Centre
Andy Zhulenev is Vice-President at Silicon Valley Innovation Center, responsible for its Corporate Innovation Services. He has a unique 360-degree view of innovation both from enterprise and startup perspective. Andy has over 20 years of experience in strategy consulting, private equity, information technology and business process outsourcing. He worked with customers in Banking and Financial Services, Manufacturing, Retail, Aerospace, Software, Hardware and other industries.