Chapter 7: Technology Accelerators group 7

Introduction

Technology and the Hedgehog Concept

The Technology Trap

Fear of Being Left Behind

Technology and the Hedgehog Concept

Technology advances are important but do not make a company great on their own

Good to Great companies figured out how to apply new technology to their Hedgehog

Technology linked directly to the company's Hedgehog is an opportunity for them to become best at that technology

Answer the question: Does the technology fit directly with your Hedgehog Concept?

Walgreens:

Creating "local pharmacy" feel through technology

Kroger:

Bar code scanning technology

Gillette:

Manufacturing technology

The Technology Trap

Cultural obsession with technology-driven change

80% of Good to Great companies did not list technology as a top 5 factor in transition

Technology should be considered a secondary resource

Thoughtless reliance on technology is a liability, not an asset

When correctly used technology drives momentum even further

When used incorrectly, technology accelerates an organization’s own self demise

Fear Of Being Left Behind

Many companies were technology leaders but failed to become great companies

Companies feared being left behind in the technology obsessed culture

Response to this fear:

Working with technology without considering the Hedgehog Concept

Conclusion

Technology and the Hedgehog Concept

The Technology Trap

Fear of Being Left Behind

Credits:

Created with images by The 5th Ape - "colours" • The 5th Ape - "colours" • The 5th Ape - "colours" • The 5th Ape - "colours" • The 5th Ape - "colours" • The 5th Ape - "colours"

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