Rethinking Competitive Advantage with Ram Charan

The Future of Data Podcast | conversation with leaders, influencers, and change makers in the World of Data & Analytics

In this session, Ram discussed the ever-evolving world of competitive advantage. He shared how current changes desire to rethink of competitive edge strategies. He shared some data-driven strategies and some best practices that are executable and easy to implement. Bio: Ram Charan is the co-author of the bestselling Execution and Confronting Reality, written with Larry Bossidy, and the author of Know-How and a dozen other books. A former award-winning Harvard Business School professor, he is a worldwide expert on business strategy, execution, corporate boards, and building a high-performance organization. He has worked with the CEOs of some of the world's most successful companies, including GE, Bank of America, Verizon, Coca-Cola, 3M, Merck, Aditya Birla Group, and Tata Group. Ram's Book: Rethinking Competitive Advantage: New Rules for the Digital Age https://amzn.to/3x5cU3w Discussion Timeline: TIMELINE Stage 1: Lead-in 1. Starter: Give your starter pitch 1-2 points/key takeaways that this book points to: 2. Vishal briefly introduce the guest and kicks off the session Stage 2: Subject Matter Expertise 3. What is the state of organizations today? 4. How to steer an organization when external forces influence your internals [pandemic etc.] 5. What are some good habits you surfaced for a constantly evolving organization 6. What are some signs that you are steering in the wrong direction? Stage 3: Introduction as an author 7. Explain your journey to your current role? 8. Could you share something about your current role? 9. What does your company do? 10. Explain your journey to this book? 11. Why write this book? Stage 4: Main points on the books 12. What has changed about business today that has rendered obsolete the classic rules of competitive strategy established by Michael Porter and others and requires a new playbook? 13. As an advisor to some of the world's top CEOs, how worried are they about competing with digital giants right now and what is their best hope? 14. Does Wal-Mart stand a chance at competing with the ultimate digital giant of Amazon? 15. Why is imagination such an important skill for competing today? 16. What is the reason companies should spend more time thinking about their ecosystem than on their direct competitors? 17. Why do you say that companies need a money-making model, not a business model, and what’s an example? Stage 4: Rapid Fire [Say what comes to your mind] 18 a. #FutureOfWork 18 b. #Technology 18 c. #Leadership 18 d. #Competition 18 e. #Partnership 18 f. #Capitalism 18 g. #GoodBusiness 18 h. #BadBusiness 18 i. #FutureOfLearning 18 j. #CompetitiveAdvantage 18 k. #1ThingsMisunderstoodAboutCompetition Stage 5: Closing 19. What are 1-3 best practices that you think are the key to success in your journey? 20. Do you have any favorite read? 21. As a closing remark, what would you like to tell our audience? About TAO.ai[Sponsor]: TAO is building the World's largest and AI-powered Skills Universe and Community powering career development platform empowering some of the World's largest communities/organizations. Learn more at https://TAO.ai About WorkPod: Work Pod takes you on the journey with leaders, experts, academics, authors, and change-makers designing the future of work, workers, and the workplace. About Work2.org WorkPod is managed by Work2.org, a #FutureOfWork community for HR and Organization architects and leaders. Sponsorship / Guest Request should be directed to [e-mail] Keywords: #FutureofWork #Work2.0 #Work2dot0 #Leadership #Growth #Org2dot0 #Work2 #Org2