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Summer Journal

Volume 32, Issue 2

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Monday, 01 April 2019 14:52

Disruptive Innovation Tops List of Threats to Companies – Is Your Organization Thinking and Acting Digital?

The digital revolution is transforming our world. Protiviti’s Jim DeLoach shares how, over the next few years, many organizations will need to undertake radical change programs and – in some cases – completely reinvent themselves to remain relevant and competitive.

Is disruptive innovation sufficiently emphasized on the board agenda and in the C-suite?

Ask executives and directors what their company’s biggest threats are and, chances are, their answer will include the threat of disruptive innovation. As our latest global top risks survey indicates, many leaders are concerned about whether their existing operations and legacy IT infrastructure are able to meet performance expectations related to quality, time to market, cost, innovation and competitors – especially new competitors – that are “born digital,” with a low-cost base for their operations. Additionally, the rapid speed of disruptive innovation and new technologies and resistance to adapting operations in the face of indisputable change rank high on the list of top risks.