Great insights from my discussion today with Austin R. Bryan, #CLP and Fred Ngan #Bowtie in the #HKGCC forum on “Thriving in a Post-Covid Era Thru Innovation”. Thanks Victor Lam, Chairman of the Industry & Technology Committee of HKGCC, to host us & moderate the panel discussion. Austin & Fred were on Zoom and Victor & I were in HKGCC.
My key takeaways are:
1. Living with #Ambiguity becomes a new normal. We need to keep innovating in an uncomfortable environment.
2. Sense of #Urgency & lean startup thinking are crucial for innovation but most corporates do not have that.
3. Forget about innovation if we don’t have a clear #StrategicIntent. It could be for customer experience, market share or others.
4. #Culture & #Purpose are the keys to drive innovation instead of revenue & profit.
5. >90% of #Startups fail so always making #Survival as a sense of urgency & doing different things from existing players are very important. Same for #Intrapreneurship.
6. #Diversity of teammates with no domain experience is critical as it will bring out blind spots that are unseen by industry experts.
Thanks HKGCC Simon Ngan & teammates to organize the forum. Find out more about the “HKGCC Hong Kong Awards for Industries: #Innovation & #Creativity” here.
https://lnkd.in/gchTvhv
It was the Friday night before the Christmas. People will usually go out shopping, gathering and having fun. Really appreciate the participants who came tonight to my talk to learn about digital transformation. I saw not only some new faces but also my #EMBA students who came with their other halves to learn together. Thanks Anita Chan, Cecilia, .. Impressive and encouraging.
Also thank those on Zoom like my DBA learning partner Fareeda Cassumbhoy. Hope all of you got some inspiration from my talk and at the same time enjoying your favorite wine at home in Friday night.
Today’s talk was a CUHK EMBA Sample class organized by our EMBA directors Pong Yuen, Howard Lam, Chun So and their teammates. Thanks for their effort and the great learning attitude of our participants. Over 250 registrations for this session. Wow… we are back!
I asked every participant to drop down 3 words as tonight’s key takeaways. Words like #Data, #Innovation, #Customer, #Urgency, #Relevancy, #Ecosystem, #Platform, and more came out. I was impressed by how much they were inspired in only a little bit over 60 mins. Really appreciate their effort.
How about you? What are your three magic words on digital transformation?
Thank you to all and have a great weekend. Let’s get ready to celebrate Christmas Eve next week.
#DigitalTransformation
#CUHK #CUHKEMBA
CUHK Business School