John I. Todor, Ph.D. is the Managing Partner of the MindShift Innovation, a firm that helps executives confront the volatility and complexity of the marketplace. We engage executives in a process that tackles two critical challenges: envisioning new possibilities for creating and delivering value to customers and, fostering employee engagement in the innovation and alignment of business practices to deliver on the new possibilities. Follow me on Twitter @johntodor
  • 0 comments 602 reads
    Posted on 2011-08-31

    Business acumen is keenness and quickness at understanding and dealing with business situations in a manner that is likely to lead to a good outcome. (Wikipedia)

    There is a new elite group emerging—those who quickly grasp changing business dynamics and the potential of innovation, people who quickly use their insights to create and deliver value to customers. Their influence and careers are growing.

    The situation confronting virtually all businesses is rapidly shifting business dynamics, especially the impact on what customers find meaningful and valuable. The ability to make sense out these dynamics and add value to customers is critical to sustainable profits and growth. This acumen is the new black in business acumen.

    A small percentage of people of have a greater tolerance for the ambiguity brought on by change and a natural aptitude for seeing new possibilities. This puts them in demand. Although everyone has some of the required...

  • 0 comments 734 reads
    Posted on 2011-08-18

    Collaboration and Social Business are powerful concept with huge potential but realizing this potential is far from business-as-usual. Both traditional business and social business evangelists must challenge their assumptions—and then doing something different.

    The rise of the social web now sets the context for business, cannot be ignored. Customers rely on it to make decisions and they have expectations of the companies with which they do business. Companies of all sizes have launched initiatives with a goal to foster greater co-operation, collaboration and more meaningful relationships inside their companies and with customers.

    It is safe to say that the results are mixed. We are in a transitional period, like the wash between two waves—the forces of the old and new waves are at work and impacting results.

    One of the deep-seated assumptions that undermine collaboration initiatives is the belief that people are motivated to act in...

  • 2 comments 2,347 reads
    Posted on 2011-07-08

    The more the business environment changes, the faster the value of what you know at any point in time diminishes. In this world, success hinges on the ability to participate in a growing array of knowledge flows in order to rapidly refresh your knowledge stocks. John Hagel, John Seely Brown, Lane Davison

    While new knowledge flows are important, they are not enough! A major challenge that confronts business leaders is seeing how change and innovation, external to their own organization, can lead to new possibilities to create and deliver value to customers. This requires business leaders to enhance their adaptive potential and their ability to make mindshifts.

    The illustration below is a New System of Engagement. It outlines how social software can help executives engage the rapidly changing business...

  • 0 comments 1,086 reads
    Posted on 2011-03-08

    Growing complexity in business is a problem! An IBM study reported that the vast majority of business leaders recognize increasing complexity as one of their top business challenges. Yet, less than half of these leaders believe their organizations are capable of handling it.

    According Ron Ashenas, author of Simply Effective, there are ways you can reduce it in your company.

    A lot of the complexity is externally imposed. Whether we run a one-person shop or work in a large enterprise we are all confronted with complexity everyday. Too much information, too much new stuff we don’t understand, too little time and so on. Even in a one-person shop, decisions like choosing a...

  • 0 comments 948 reads
    Posted on 2011-03-03

    Why didn’t General Motors or Blockbuster see it coming? Thousands of companies of all sizes, focusing on doing better what they are already do. don’t see it coming. With hindsight the mistakes are clear. Yet, GM and Blockbuster employ some very bright people.. Many bright and previously successful executives are unable to prevent their company’s fortunes from declining.

    Why are clever people failing? The problem is obvious - they are stuck in the past. Now the key question is how can companies adapt and thrive in a fast-changing and increasingly complex business world? You’ve heard it, Innovate of Die! But a leader can’t lead innovation if his or her adaptive potential is not up to snuff. Or, as Marcel Proust put it,

    The real act of discovery consists not in finding new lands but in seeing with new eyes.

    Adaptive Thinking

    The more the business environment changes, the faster the value of what you know diminishes. Success hinges on the...

  • 0 comments 548 reads
    Posted on 2011-02-17

    The 2011 Edelman Trust Barometer is out and contains some distressing news for businesses in the USA and UK. There are, however, some insights on how a company can turn this situation into an opportunity.

    Trust in business in the United States and United Kingdom dropped so dramatically over the past year that both are now considered “distruster” nations. Scary, they rank just above Russia at the bottom of the scale. Interestingly, the emerging economies who are coming out of the recession ahead of the USA and the UK, all rank near the top as “Truster” nations.

    The lack of trust cost businesses money.

    Without trust, things cost more, take more time, and exert more strain on an organization. Stakeholders will double-check every word you say before cooperating with you. They’ll make almost any task more ponderous and exhausting. (...

  • 2 comments 2,260 reads
    Posted on 2010-08-18

    The first time I heard Adrian make this statement I thought "Okay, here we go, another pitch about making it quick, easy and convenient for customers." Then I got a chance to read a prerelease copy of her new book, The 24-hour Customer: New rules for winning in a time-starved, always-connected economy.

    Adrian is talking about something much more important than timesaving. Consider this, in one situation people are very stingy with their attention and in another they seemingly waste hours. If you don’t understand the "new rules" governing this behavior, you will, at best, be force to sell on price. If you own, run or lead a business, I highly recommend this book.

    If you think the new rules concept is over-blown, read on, then make your decision about reading Ott’s book.

    ...

  • 4 comments 2,879 reads
    Posted on 2010-05-26

    Yesterday, Axel Shultze, Chris Carfi and I had the privilege to open the Social Business Executive Summit. I hope you had a chance to listen in and plan to catch more of the excellent panels today and tomorrow.

    Time was short so we didn’t get a chance to pull together the ideas that we individually presented. Here are a few of my thoughts.

    During my presentation I made the point that learning must now be an integral part of work – the role each person performs within their organization and, in fact, the larger business ecosystem. Traditionally, learning in organizations has been learning to do a job, task or to use technology. This is explicit learning. When things change quickly and in unforeseen directions as they do now, organization must adapt. However, learning tasks or jobs most often has the opposite...

  • 0 comments 1,718 reads
    Posted on 2010-05-20

    An IBM Global CEO Study found that less than 50% felt their organization were prepared to handle a volatile and increasing complex business environment.

    This is not surprising since most corporation as still operating on a 20th century command/control business model that focus on internal efficiency not adaptability to rapidly changing external forces and dynamics.

    In the upcoming Social Business Executive Summit, I will describe a framework that will dramatically increase organizational adaptive potential. My talk

    Social Business Strategies for Adapting to the New Normal in Business

    is in the opening session on May 25th.

    There are 9 other speakers who will also shed light on the challenges. This is a free online event sponsored by CustomerThink.

    Click to...

  • 0 comments 1,688 reads
    Posted on 2010-04-29

    For at least the past 5 years, the tried-and-true formulas to boost sales and market shares of brands have been become increasingly irrelevant and losing traction with customers.
    (John Gerzema and Ed Lebar, The Trouble with Brands)


    To understand what is relevant and does get traction with customers, it is critical to recognize that the pursuit of market share and commodity sales are not the same thing. Germane to this distinction are the two buying personalities I have discussed elsewhere. Here is the short version that makes it especially relevant to this differentiation.

    When customers are not emotionally involved or indifferent they are usually seeking a means-to-an-end. For example, gasoline is...