books Archives - OpenBusinessCouncil Directory

Reinventing the Product: A Practical Road Map For The 75% Of Industries Facing Disruption

Hernaldo Turrillo — Wed, 27 Mar 2019 10:20:52 +0000

Reinventing the Product: A Practical Road Map For The 75% Of Industries Facing Disruption

Digital technology has created new businesses and shaken up old. Entire industries have already been transformed, but emerging technologies show no sign of abating, and more than 75% of industries are now at risk of major disruption in the coming years.

While such disruption is seen as a threat by many, digital technology also presents the biggest opportunity for product-making businesses to re-think how they conceive, make, distribute and support the next generation of goods in the marketplace. Now in a new book, Reinventing the Product, two of Accenture’s digital transformation experts provide a practical roadmap for how companies can successfully ride the coming waves of digital disruption.

In Reinventing the Product, authors Eric Schaeffer and David Sovie assess how digital technologies such as the Internet of Things, data analytics, blockchain, cloud computing and particularly AI are transforming traditional products. They outline the future of smart connected products and ecosystem platforms, explain how today’s users expect personalised product experiences and prove that these fundamental changes are happening much faster than most organisations realise.

The reality is that companies that fail to embrace digital technologies today, risk failing tomorrow. Reinventing the Product provides a practical “how-to” guide to help organisations successfully reinvent their product and transform their business models, processes and culture to ensure they have the agility to thrive and succeed in the digital age.

Why this book matters:

A new product world is emerging where point-of-purchase no longer marks the handover of responsibility for the product to the user – products will continue to interact with makers, users and other products in multi-directional value generating circles
More than 75% of industries are at risk of disruption, or already significantly disrupted
New disruptive technologies, including 5G networks, quantum computing, 4D printing, nanotechnologies and smart materials are on the horizon
Digital is overtaking hardware as the source of value in products – companies that don’t adapt face eradication in the ‘outcome economy’
Traditional hardware product development is broken. Companies need to pivot to new methods of product engineering and design
Written by two of Accenture’s leading experts in tech innovation and strategy, providing a practical road map to adapt products and processes

Packed with compelling real-life case studies and expert insights from brands including Faurecia, Samsung, Caterpillar, Amazon, Tesla and Google, Reinventing the Product provides practical advice for business leaders as they embark on, or accelerate, their digitalisation journey.

“Eric Schaeffer did it again. After his spearheading Industry X.0, which has inspired our team of entrepreneurs to adapt our digital strategy creatively, he now co-authors with David Sovie a brilliant, richly detailed roadmap to the digital future for all product making companies. No doubt: this is again a must-read.” Zhang Ruimin, Chairman of the Board of Directors and CEO, Haier Group.

“Reinventing the Product doesn’t just look thoroughly at how the disruptive waves of digital technologies will affect product companies (including the subscription economy). Drawing on a deep analysis of five profound shifts they face and complemented with compelling case studies, Eric Schaeffer and David Sovie also provide strategic and practical “how-to” advice for businesses as they develop digital products. An inspirational call-to-action.” Eric Chaniot, Chief Digital Officer, Michelin.

The Authors

Eric Schaeffer is the Global Lead for Accenture’s Industrial practice, helping automotive, industrial equipment and infrastructure companies to digitally reinvent their businesses and create a new level of innovation and efficiency across the extended connected value chain. He is also Senior Managing Director, Accenture’s Product Industry X.0 practice, bringing together services across innovation, engineering and product development, manufacturing and digital operations, and product services optimization.

David Sovie is Senior Managing Director at Accenture, and Global Lead for High-Tech Industry where he helps clients digitally reinvent their business across the entire value chain. He also leads the Industry X.0 consulting unit for Accenture’s Communications, Media and Technology group, which provides digital transformation services across the innovation, engineering, manufacturing and product support business functions.

Reinventing the product

Reinventing the product
By Eric Schaeffer & David Sovie
Out Now
Published by Kogan Page
Paperback Version: £19.99
ISBN: 978-0749484644

Hernaldo Turrillo

Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.

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What’s Your Competitive Advantage? 7 Strategies Businesses Can Use To Thrive

Hernaldo Turrillo — Thu, 07 Feb 2019 13:46:33 +0000

What’s Your Competitive Advantage? 7 Strategies Businesses Can Use To Thrive

We live in a complex world. Political uncertainty, emerging disruptive technologies and socio-economic pressures all combine to create an environment where predicting, and planning for the future is one of the biggest challenges business leaders face today.

The reality is that managers actually have very little control over any factors aﬀecting their organisation, so they need to work with complexity, rather than pretend it isn’t there. So how is it possible to build a strategy that provides a clear overall direction for a business, regardless of uncontrollable, changing circumstances?

After a 10-year research project, leading business consultants Professor Cliﬀ Bowman and Dr Paul Raspin have identiﬁed the 7 key strategies that have allowed both new and established businesses to thrive through uncertainty. In their practical new book, What’s Your Competitive Advantage?, they provide a guide to successfully implementing and creating lasting value through each approach, with real-life case study examples, including:

Specialisation: The ability to focus on a single product or service group and compete through superior product performance e.g. WD40 is purchased by 4 out of 5 American households for a specialist purpose
Adaptive: Increasing the organisation’s ability to respond to changing circumstances and customer needs e.g. Zara only manufacture clothes where they know there is customer demand
Low-cost: Delivering equivalent product quality to competitors, but with a relentless focus on cost-reduction e.g. Bavaria Yachts combine
precision engineering, automation and robotics to deliver quality yachts at signiﬁcantly lower cost than its rivals
Innovation: Targeting those customers who are willing to pay a premium for products and services that meet their needs in novel and superior ways e.g. SpaceX’s commitment to developing re-usable rockets to reduce cost of interplanetary space travel.
Excellence: Embedding professionalism in the system to create continuous incremental improvements in product or service quality e.g. Lexus’ engineering project enabled the brand to go from zero presence in the luxury car market to parity with European manufacturers.
No frills: Focusing on serving price-sensitive customers with a stripped down alternative product or service e.g. ALDI oﬀering just the products that price-sensitive customers value.
Targeting: Serving the needs of one speciﬁc market segment more eﬀectively than less focused rivals e.g. Long Tall Sally producing clothes only for taller women, using their understanding of what it means to be a tall woman to be their ﬁrst choice for fashion.

What’s Your Competitive Advantage? not only helps readers to identify what strategy would be right for a business, but also outlines the cultural, structural and systems requirements for successfully following each approach. It goes beyond the theory of business strategy to provide practical, accessible guidance on how to turn strategy into action, through leading practices that evolve as events unfold.

The Authors

Cliﬀ Bowman is a Professor of Strategic Management at Cranﬁeld School of Management. His research interests focus on the creation and capture of value in, complexity, dynamic capabilities, strategy processes and the development and leveraging of strategic assets. He is the author of twelve books.

Dr Paul Raspin is the founder and Managing Director of Stratevolve, a strategy consultancy that works exclusively with senior executives and management teams to identify how to gain competitive advantage and create and capture signiﬁcant value. He is a senior visiting fellow at Cass Business School where he teaches strategy and ﬁnance to senior executives on the Executive MBA course.

What’s your competitive advantage?

What’s your competitive advantage?
By Cliﬀ Bowman and Dr Paul Raspin
Out Now
Published by FT Publishing
Paperback Version: 21.99
ISBN: 978-1292259390

Hernaldo Turrillo

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Visual Doing: The Book To Apply ‘Visual Thinking’ In Your Day-To-Day Business

Hernaldo Turrillo — Tue, 08 Jan 2019 14:09:42 +0000

Visual Doing: The Book To Apply ‘Visual Thinking’ In Your Day-To-Day Business

After the success of 2017’s Visual Thinking, author Willemien Brand noticed that people enjoy discovering how easy it is to use drawings in business communication. But they still have no guide to satisfy their desire to tell a visual story in a very simple way. That is why the author has now written Visual Doing.

This book will fulfill this desire, not by drilling deeper into the advice in the first book, but by ‘undeepening’ Chapters 3 and 4. These chapters, both about drawing in visual business settings, are now broken down into ready-to-implement skills and tools. Visual Doing will improve your visual craftsmanship and broaden your skill set.

As the author said, this book is about “how to show and share your ideas in a fun, clear and compelling way so you can inspire, engage and activate yourself and others.”

It’s a practical and accessible handbook for incorporating visual thinking into your daily business and communication. The author leads you through a new range of exercises, techniques and subjects which will help you to tell your own visual story. It takes a look at these subjects from different perspectives: ‘me as an individual’, ‘we as a team’ and ‘us as a company.’ It helps you to clarify complex information, pitch innovative strategies and foster a visual culture within your organisation.

Visual Doing is a practical and accessible handbook for incorporating visual thinking into your daily business and communication

As a follow-up to the bestseller Visual Thinking and the second book Visual Doing, the author is soon releasing two workbooks. These books are great tools to help you kick-start your visual journey and gain the confidence to produce amazing, compelling drawings. The books are crammed with tons of visual exercises, ranging from tracing illustrations to drawing hacks. It will inspire you to design and share your own icons!

Visual Thinking Workbook
Drawing people and interactions, highlights simple ways of drawing people, emotions and interactions. It will hone your drawing skills and give you the confidence to use them in meetings or whenever you want to explain something or visualise a situation.

Visual Doing Workbook
Create clear and compelling layouts; focusses on flipcharts and larger, more complex drawings and how to tie together their different elements. It will show you how to grab people’s attention and make your ideas stand out by framing your canvas or making sure it has an eye-catching title.

Willemien Brand has turned her passion for drawing and design into her life’s work. She graduated with distinction from the prestigious Design Academy Eindhoven in the Netherlands and enjoyed an awardwinning career as an industrial designer with ATAG Keukentechniek before setting up the successful design studios Buro BRAND and BRAND Business. To be able to help other people unleash their creativity and use it to achieve better results in their work gives her joy and renews her passion for drawing. Now she shares this passion with companies throughout the world as one of the leading ﬁgures in the visual communication revolution.

Visual Doing

Visual Doing
By Willemien Brand
Out Now
Published by BIS Publishers
Paperback Version: €19.90
ISBN: 978 90 6369 499 9

Visual Doing Workbook

Visual Doing Workbook
By Willemien Brand
Out Now
Published by BIS Publishers
Paperback Version: €9.90
ISBN: 978 90 6369 500 2

Visual Thinking Workbook

Visual Thinking Workbook
By Willemien Brand
Out Now
Published by BIS Publishers
Paperback Version: €9.90
ISBN: 978 90 6369 511 8

Hernaldo Turrillo

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The Lean Product Lifecycle: The Playbook for Making Products People Really Want

Hernaldo Turrillo — Wed, 05 Dec 2018 11:20:39 +0000

The proven framework for navigating innovation, product management and growth in times of unprecedented change

The Lean Product Lifecycle: The playbook for Making Products People Really Want

The pace and extent of change today are more dramatic than ever before, and this has caused remarkable paradigm shifts in business. In just the last decade, we have seen disruptors like Dropbox, Uber and AirBnB emerge and become market leaders, while famous brands like Blockbuster, HMV and Kodak have fallen, as they failed to keep up with the pace of change.

Today, the notion of a stable business environment is a myth. Where companies used to have time to find a competitive advantage and protect it through good management, they now have to be managed to consistently move from one competitive advantage to another. Good strategy today means exploiting current strategies, while exploring new ones, and now a new book, The Lean Product Lifecyle reveals how – providing a framework for adaptive management, ensuring you ask the right questions to learn fast and develop the right product, at the right time.

6 stages of Lean Product Lifecycle

The Lean Product Lifecycle is a framework developed in response to a challenge from FTSE 100 global education company, Pearson, to lead their digital transformation based upon design thinking, lean and agile methodologies. The framework has since been successfully applied across multiple organisations and industries, and now three of the five founding members of “Lean PLC”, Tendayi Viki, Craig Strong and Sonja Kresojevic, share their practical insights in this book.

The book guides the reader through the six stages of the product lifecycle, with clear steps and advice for each stage:

Idea: Use customer and market insights from a wide range of inputs to generate strategically aligned ideas. Select which ones to work with to help you potentially deliver new innovations or products, and/or grow into new markets.
Explore: Explore the problem and opportunity in the customer domain. Learn how much potential the ideas have to serve real customer needs, the size of the opportunity and jobs that need to be done.
Validate: Use insights to start with a minimum lovable product, and iteratively develop a product that delivers value to customers. Test business model including pricing, costs, channels and state to prove product/market fit.
Grow: Once you have a validated business model, the focus shifts to growing customer numbers, revenues and profits.
Sustain: As products reach maturity and markets get saturated, focus shifts to optimising operations to reduce costs. This helps sustain profits to reinvest in ideas and innovation.
Retire: Identify which products are now less viable than other opportunities, and work to recycle insights and extract residual value which could support other innovations.

The six stages of the product lifecycle

The Lean Product Lifecycle provides insights and practical tools for anyone interested in product development – product managers, entrepreneurs, innovators working within established companies and business leaders looking to spark innovation within their organisation. It also offers invaluable advice on the agility, budgeting and governance required to successfully innovate during and beyond any digital transformation.

The three authors developed The Lean Product Lifecycle as a framework to lead the digital transformation of FTSE 100 global education company, Pearson, using design thinking, lean and agile methodologies. The framework won awards and has since been successfully applied across multiple organisations and industries, and this book shares the insights into how others can innovate and stay ahead in uncertain times.

The Authors

Dr. Tendayi Viki is managing partner at strategy and innovation consultancy, Benneli Jacobs. He holds a PhD in Psychology and an MBA; and is an award-winning author of “The Corporate Startup”. He has worked as a consultant for several companies including Pearson, Standard Bank, Egmont, The British Museum, The World Bank, General Electric, and Whirlpool.

Craig Strong is an experienced Chief Technology & Product Officer, specialising in growth and innovation. Passionately utilising Agile and Lean principles to help companies innovate and grow, he has worked and consulted for companies including Sky, NowTV.com, Hargreaves Lansdown, Pearson, Financial Times, InsightSoftware.com, Tracesmart and others.

Sonja Kresojevic has 20 years’ experience transforming businesses by focusing on growth, product innovation, cultural change and digital transformation. She is a co-founder of the NY based consultancy, Spinnaker Consulting, has worked with clients including Pearson, BBC, News Corp and Santander, and speaks on the topics of transformation, business agility, leadership and innovation strategy.

The Lean Product Lyfecycle

The Lean Product Lifecycle – A Playbook for INNOVATION –
By Dr. Tendayi Viki, Craig Strong and Sonja Kresojevic
Out Now
Published by Pearson
Paperback Version: £11.74
ISBN: 9781292186412

Hernaldo Turrillo

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Operational Risk Management: The Authoritative Guide to the Best Practices in the Financial Industry

Hernaldo Turrillo — Thu, 29 Nov 2018 12:11:37 +0000

Operational Risk Management: The Authoritative Guide to the Best Practices in the Financial Industry

Operational Risk Management is a comprehensive guide that contains a review of the most up-to-date and effective operational risk management practices in the financial services industry.

It provides an essential overview of the current methods and best practices applied in financial companies and also outlines the frameworks, tools and techniques that successful firms use to identify, assess, mitigate and monitor risk within their organisations.

In it, author Ariane Chapelle explores the range of operational risks such as information security, fraud or reputation damage and details how to put in place an effective programme based on the four main risk management activities: risk identification, risk assessment, risk mitigation and risk monitoring. The book also examines some specific types of operational risks that rank high on many firms’ risk registers.

Drawing on the author’s extensive experience working with and advising financial companies, Operational Risk Management is written both for those new to the discipline and for experienced operational risk managers who want to strengthen and consolidate their knowledge. It offers the information risk managers need not only to help their organisations avoid crises, but also to safely recognise new opportunities, achieve their full potential, and reach new heights of success.

Ariane Chapelle Ph.D is Associate Professor (Honorary Reader) at University College London for the course ‘Operational Risk Measurement for Financial Institutions’ and is a Fellow of the Institute of Operational Risk and a trainer for the Professional Risk Managers’ International Association (PRMIA), for whom she designed the Certificate of Learning and Practice in Advanced Operational Risk Management. She is a former holder of the Chair of International Finance at the University of Brussels. She has been active in operational risk management since 2000 and is a former head of operational risk management at ING Group and Lloyds Banking Group. Dr. Chapelle runs her own training and consulting practice in risk management. Her clients include Tier 1 financial organisations and international financial institutions.

“Ariane Chapelle is one of the world’s leading teachers, thinkers and writers about operational risk. The combination of her professional experience as a practitioner in the financial services industry and her role as an advisor to regulators makes this textbook a must-read at all levels of both regulated and unregulated financial institutions,” recently even said Amédée Prouvost, Director, Operational Risk, The World Bank about Ms Chapelle.

Hernaldo Turrillo

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