Transforming Heritage into a Digital-First Powerhouse
It is a challenging time for any industry leaders in the DigitalAge when they are competing with new digital leaders instead of traditional rivals.
How to transform a 90 years old company to sustain their industry leadership & seize the emerging opportunities from the DigitalEconomy was the main theme that 80+ senior managers across different regions & functions of ChowTaiFook Jewellery Group https://lnkd.in/eAxk8iV & I discussed through both Zoom and in person today.
Chow Tai Fook has a great culture of innovation in the NewRetail industry such as award winning TMark, SmartTray, etc. but we all agreed that a lot more can be learned from the techgiants, unicorns startups and other industry innovators. We explored several potential businessmodels that could bring in asset-light businesses driven by platform and bigdata to the group. We also talked about the best practices of corporate intrapreneurship such as LeanStartup, OpenInnovation, etc.
Appreciate that the participants actively engaged & shared their views. We did have a fruitful discussion. I learned a lot from all of them as well. Thanks for the leadership from MD Kent Wong https://lnkd.in/e2kJmHS & Bobby Liu Quentin Wong Flora Ho Jessica Tam Vicky Chiu & all who participated today.