moreMomentum organises several Momentum Impulse Sessions in Europe and the USA. Executive peers from various manufacturing industries exchange practices, challenges and ideas how to accelerate the business innovation and change and drive success into the digital service economy…
It has never been a better time to be in the manufacturing industry than nowadays. New technology like big data, algorithms, augmented reality, artificial intelligence and many more are rapidly being adopted by people and organisations.
How to thrive in such a disruptive world
No doubt there exciting opportunities for manufacturing companies. With the new intelligence from the massive amount of data from connected devices and equipment they can create new value for their customers. They can enhance their value propositions and adopt new business models.
However, it’s not only the manufacturing companies that pursue these opportunities. New business are entering the into the market. These new entrants do not have metal, electronics and mechanics in their DNA, but data, algorithms and turning this into value. Besides the well-known companies like Amazon and Google there are many smaller companies moving rapidly. This is changing the competitive arena big time.
When we look at how manufacturers innovate their business and drive change, we see that many encounter 3 key problems which cause them to fall behind competition.
- Change is slow, whether it is small change or more radical changes, there seems to be a lot of energy getting lost in resistance and fighting resistance
- They are stuck in “business-as-usual”. Most innovations are about incremental improvement of current products, services and capabilities.
- Leaders and employees who see the opportunities, threats and lack of progress in their company experience they have no influence to accelerate change.
4 winning habits for momentum
It is mission-critical for manufacturing companies to accelerate business innovation and change for future success. Our research in 89 companies in 2016 identified 4 winning habits for momentum.
- Direction: Everyone shares a clear and succinct picture of changes in the industry, where the company is heading and what needs to change over the coming years. They all understand how they can contribute to the change, and ultimately, fit in.
- Dialogue: Across all teams and levels there is a constructive and forward-looking dialogue on performance, progress, priorities and aligned actions. Everyone feels secure and confident to adapt and try new approaches.
- Decision-making: Everyone has the power to make decisions within their role, to adjust, perform and improve. There are adequate guiding principles to ensure coherence and alignment of all decisions.
- Discovery: Everyone is aware of (potential) trends, opportunities and threats and the best practices available. They spend time in exploring, testing and learning. There is more focus on new things which go beyond the current core business, which is imperative for future success.
Interactive Momentum Impulse Session
moreMomentum organises a series of Momentum Impulse Sessions throughout Europe and USA. During these full day sessions, executives will discuss the 4 winning habits for momentum, their practices and challenges with business innovation and change and will identify opportunities how to accelerate change in their business.
- Winning habits and strategies which make a (continuous) business innovation easy and quick
- Key obstacles and typical pitfalls for rapid business innovation and change
- Strategic priorities to accelerate business innovation and change and maximise chances for success
You will get valuable input for further developing the right innovation and change strategy and boosting your service innovation!
Upcoming sessions are:
- January 24 in Birmingham (UK) – £375
- March 21 in Munich (Germany) – €425
- May 14 in New York (USA) – $595
- May 23 in Eindhoven (The Netherlands – €425
Field Service News readers receive 30% discount. Enter FSN as promotional code to secure your discount.
moreMomentum is an international consulting, training and coaching company which works with manufacturing companies to get more momentum into their ongoing business innovation and change. They exists to accelerate the transition of industrial manufacturing into the digital service economy.
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