Remember, its people that innovate, not businesses.
Starting with the boardroom, does your executive board have the right mix to empower and support people throughout the company to innovate, be customer orientated, digitized, whilst adding a touch of crazy, out of the box thinking?
Extend your Business Models.
Disruptive innovation, by its very nature, rarely fits into existing businesses models. In order to allow the time and money required to develop innovation – and also to be able to see the value they create, you need to be prepared to adapt your business model to allow for them and the changes they’ll bring to your existing operations.
With the advancement of AI and automation of data, there is no doubt that these will be a very great assets for helping us to achieve a truly circular economy. Leveraging existing legacy technologies, identifying gaps, coupled with the flow of data to and from customers is an essential component to implement a pragmatic execution.
Bringing it together.
Assessing the bridge between people, product - service opportunities and the technology gap will provide you a clear understanding of what is needed to pragmatically move Circular. Understanding the increased value customer journeys offer your company in product and service extension through renewal, share, return and how to take advantage of them.