Redefining corporate functions to better support strategy and growth

Striking the right balance between decentralized functions and centralized control starts with addressing the needs of business units.

Over the past decade, companies have struggled with organizational designs that vary widely in how centralized or decentralized they are across functions. (…) Against this backdrop, McKinsey believes companies need a new approach to set up functions that maximize business value and successfully serve business units. This approach is based on three core beliefs. Keep reading the original post of McKinsey here.

Quiz: Test Your Innovation Knowledge

How much do you know about corporate innovation concepts, key thinkers, famous failures, and Silicon Valley disruptors? Try a 22 question quiz by InnovationLeader here.

Guest Blog: Blockchain In Mobile Application Market

Provided by Abishai James from  White Ranking Technologies

In the future, many upcoming start-ups and renowned industries will step into the mobile application market and the apps developed using Blockchain technology will bring transparency and money into the business. 

However there are different opinions regarding blockchain, but looking at its growth rate in the field of mobile applications one can easily say that an App store developed on blockchain technology might even replace the renowned Apple’s App Store and Google’s Play Store by becoming the most important medium for searching, downloading, and purchasing premium apps.

Are you new to Blockchain Apps? Do you need some help in knowing how to incorporate blockchain into your next mobile app? Here are a few steps to assist you in reaching your goal.

Know the apps suitable for blockchain

Even though there are various technologies at the end of your fingertips offering you unimaginable advantages, but still every technology won’t fit into mobile applications. 

Moreover, applications that are developed only to publish content and articles without having an active in-app purchase interface, blockchain may not be required at all.

Consider key technologies

Bringing together blockchain and mobile applications needs detailed knowledge and mastery of the technology and several other factors like blockchain platforms, programming languages, front-end, network, processes like back-end, and quality assurance for different mobile platforms, etc.

How to implement Blockchain?

Executing blockchain in mobile app development has noticeable benefits. And once you gain mastery in the above-mentioned factors it will become easy for you to develop an app based on Blockchain. 

Choose the suitable consensus-based method– One should have in-depth knowledge about the mutual consensus mechanism it will help you know the unconditional accessibility and security of the blockchain.

UI and admin panel design– Now, it’s time for you to start working on developing the admin panel and app UI of the blockchain app. Using a front-end programming language, an external database, and designated app servers one can easily develop a blockchain application.

AC Market has developed an infographic to give a detailed description and explain the advantages of Blockchain In Mobile Application Market:

Corporate innovation labs: Source of innovation or marketing hype?

Innovation theatre is real.

We need to go beyond efficiency innovation and apply explore and exploit model. Keep reading here.

What the company of the future will look like

The continuing attempt to restore trust in business has led to a shift in corporate purpose.

Finally it’s time to balance purpose with shareholder value. Watch or read the story here.

Apple, Google and other titans are snatching up start-ups to fuel innovation. The secret behind their successful corporate coupling

Growth at venerable old companies has flat-lined and aging brands are failing to excite consumers.

To acquire key technologies, rekindle innovation, bring products and services to market faster, embracing risk (and failure), shaking up a dying corporate culture. Got interested? Keep reading here.

Leader, Innovate Thyself

Three faulty assumptions around corporate innovation.

These assumptions only attack the symptoms of slow innovation, not the root causes. Read full story here.

Amazon to shut down its Amazon Restaurants business

After investing in Deliveroo, Amazon have seemingly pulled the plug on their ventures into the restaurant delivery market.

A business failure or a corporate-level example of highly intelligent mind-changing? Interested? Keep reading here.

Sears, the Original Everything Store, Files for Bankruptcy

Sears’ failure to innovate has nearly relegated the 134-year-old company to the corporate graveyard.

They failed to address the e-commerce needs of the modern customer (similar to Toys’R’Us), and let other retailers like Walmart, Amazon and Home Depot take over their market share. Read the full story here.

“The Lean Startup” is an unproductive legend

A provocative take down of the popular innovation method.

Lean Startup has yet to show consistent success for startups and large companies who apply the methodology. We’ve yet to see it really work in corporate innovation. Read the article here.