The future is coming and managers far and wide have thrown their trust into technology, particularly looking toward the Internet of Things (IoT). However, because the future, unlike times in the past, is so vague the likelihood of a strategic initiative hit the mark is slim to none. Thus, writes Greg Satell, the key is to identify specific platforms—combinations of technologies and markets—that will enable a business to take on a myriad of possibilities. To truly prepare requires entities have:
1. greater awarness of what they can’t do well
2. the ability to rapidly adopt new capabilities
3. systemic thinking
You can read his full article here.