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The post pandemic recovery promise, is one of a digitally transformed economy. It is about the amount of energy used to transform information into data and data back into information. Versus the value it creates everywhere, for everyone, and for the better.
As board members, we are all familiar with strategic planning, it is at the core of our work advising and governing businesses.
A strategic planning session can range from a short informal discussion to an all-day or multiple-day event, or a process taking a couple of months in several intervals with many hours of slides and whiteboarding. It can also be a struggle to engage everyone involved during this time, with differing opinions, experiences, and interests. Frequently you will spend this time analyzing the company, and in some cases, you will only receive a report from which you will be required to make and approve major decisions.
Technical infrastructures and their inter-connected systems of social and commercial interaction are already disrupting or dominating many sectors. What strategies will succeed in a world of boundaryless online marketplaces, operating systems and innovation communities that orchestrate economic and social activity in new ways? How will digital platforms and ecosystems evolve into the future?
In the chart below, we have illustrated the infinite process of compound value creation applying CovQ.
Business is about creating stakeholder value above and beyond competitors’ performance. While all companies and investors aim for this only a small percentage manages to deliver the full potential of their enterprises. What are the challenges with scaling up and transforming in times of endless opportunities? In this session, learn about the methods, skills, and tools that enable ongoing success and understand how to evaluate options to develop executable strategies and milestones.
Horasis, in ancient Greek, means ‘to gaze at, as in a vision. It’s the name that Frank-Jürgen Richter, former director of the World Economic Forum, gave to the international think tank he founded in 2005, and it seems particularly a propos in the wake of 2020 — a year that very definitively gave us clearer vision.
Growing a company in uncertain, volatile and fast moving times is complex and challenging. So where do you start? Are you and your board prepared and aligned for what’s ahead this year?
If you would like to download the Knowledge LUMAscape or learn more about LUMA Partners please visit Lumapartners.com.
8W8 Global Business Builders developed in collaboration with more than 70 entrepreneurs, founders, executives, board members, investors, and academics the Compound Value Creator Quotient, aka CovQ or put simply: ‘the IQ of a company,’ and is now releasing the CovQ Insights 2021 findings.
CovQ is is the world’s first assessment that enables companies, their founders, executives, board members, and investors to discover a firm’s intelligence and quality with respect to creating value, compounding it, identifying the most necessary issues to be addressed, and opportunities to be developed and focused on. In comparison, more than 50 million people took the Myers Briggs personality test (MBTI Myers Briggs Type Indicator).