Monday, May 29, 2023
News
NEWS HOME
»
PRN INDIA
Continuous evolution key to successful organizational transformation, says MIT Technology Review Insights report
  SocialTwist Tell-a-Friend  
   

CAMBRIDGE, Mass., March 29, 2023 /PRNewswire/ -- A new report by MIT Technology Review Insights seeks to understand how organizations approach transformation and the obstacles they encounter in adapting to a continually changing business and technology environment.

Insights

The report, "Evolutionary organizations reimagine the future," is produced in partnership with Thoughtworks and draws on a survey of 275 executives and business leaders along with in-depth interviews with digital transformation, business strategy, and emerging technology experts from organizations including Prudential Financial, PEXA, and INSEAD.

The findings are as follows:

Digital transformation is not solely a technology issue. Adopting new technology for its own sake does not set the organization up to continue to adapt to changing circumstances. Among survey respondents, however, transformation is still synonymous with tech, with 70% planning a new technology adoption in the next year, but only 41% pursuing changes to their business model.

The business environment is changing faster than many leaders think. Most survey respondents (81%) believe their organization is more adaptable than average and nearly all (89%) say that they're keeping up with or ahead of their competitors—suggesting a wide gap between the rapidly evolving reality and executives' perceptions of their preparedness.

All organizations must build capabilities for continuous reinvention. The only way to keep up is for organizations to continually change and evolve, but most traditional businesses lack the strategic flexibility necessary to do this. Nearly half of business leaders outside the C-suite (44%), for example, say organizational structure, silos, or hierarchy are the number-one obstacle to transformation at their firm.

Focusing on customer value and empowering employees are keys to organizational evolution. The most successful transformations prioritize creating customer value and enhancing customer and employee experience. Meeting evolving customer needs is the constant source of value in a world where everything is changing. However, many traditional organizations fail to take this long view, with only 15% of respondents most concerned about failing to meet customer expectations if they fail to transform.

Rapid experimentation requires the mindset to accept failure and the ability to recover quickly. Organizations agree that iterative, experimental processes are essential to finding the right solutions, with 81% saying they have adopted agile practices. Fewer are confident, however, in their ability to execute decisions quickly (76%)—or to shut down initiatives that aren't working (60%).

Evolutionary organizations will succeed in the future. Companies that develop the capability to repeatedly reinvent what they do—not just the technology they use to do it—will be most prepared to respond to future disruptive technologies, market ecosystem changes, and societal shifts. When adaptive structures and mindsets are woven into strategies and operating models, organizational value is created and extends beyond that of a single digital transformation initiative.

"Successful transformation requires more than just adopting new technology—it demands a focus on building an organization's capability for continual evolution," says Laurel Ruma, global director of custom content for MIT Technology Review. "Enterprises that develop the ability to repeatedly reinvent themselves will be the ones to succeed in the future."

"Transformation suggests there's a beginning and an end. Yet this research shows that organizations must constantly evolve and adapt to changing market dynamics and customer needs," said   Marcelo   De Santis, Chief Digital Officer, Thoughtworks. "For the modern digital business, transformation is a continuous series of 'experiments' in pursuit of building an 'evolutionary mindset' organically throughout all levels of the organization - one shift at a time."

To download the report, click here.

For more information please contact:

Natasha Conteh
Head of communications
MIT Technology Review Insights
natasha.conteh@technologyreview.com  

For general enquiries: insights@technologyreview.com

About MIT Technology Review Insights

MIT Technology Review Insights is the custom publishing division of MIT Technology Review, the world's longest-running technology magazine, backed by the world's foremost technology institution—producing live events and research on the leading technology and business challenges of the day. Insights conducts qualitative and quantitative research and analysis in the US and abroad and publishes a wide variety of content, including articles, reports, infographics, videos, and podcasts. And through its growing MIT Technology Review Global Insights Panel, Insights has unparalleled access to senior-level executives, innovators, and entrepreneurs worldwide for surveys and in-depth interviews.

Logo - https://mma.prnewswire.com/media/831545/3961412/MIT_Technology_Review_Insights_Logo.jpg

Cision View original content:https://www.prnewswire.co.uk/news-releases/continuous-evolution-key-to-successful-organizational-transformation-says-mit-technology-review-insights-report-301784476.html

More News by PR Newswire India

Credits roll on two weeks of unforgettable creations inspired by Campari, at 76th Festival de Cannes

Big Data Expo 2023: Merging Digital Technology with Culture

CGTN: China-DRC ties enter comprehensive, deep-going growth with full vitality

Venture Global Announces Closing of $4,500,000,000 Senior Secured Notes

China Matters' Feature: Future Tech at World Intelligence Congress

SOFAR Forges Ahead to a Net-zero Future with Blockbuster PV & ESS Innovations at SNEC

Yili's Subsidiary Westland Milk Products Holds Groundbreaking Ceremony for Lactoferrin Plant in New Zealand

Huawei Resolves to Revolutionize Global Data Storage, with OlympusMons Challenge 2023 Announcements

New Apps, New Data, and New Resilience: Huawei Proposes Ways of Evolving Storage in the Yottabyte Era

Global UX Studio YUJ Designs Recognized for Impeccable Growth Leadership

Huawei IDI Forum 2023: Building Ever-Stronger Partnerships Centered on the Commercial Market

VIMworld Announces Millions in Reward Tokens for Active Users

HarperCollins India to publish Manjamma Jogathi's compelling memoir, From Manjunath to Manjamma: The Inspiring Life of a Transgender Folk Artist

Dalhousie University Students Gain Valuable Insights into Indian Fintech Industry at NMIMS School of Business Management

Marathon Nextgen Realty Ltd. profits soar by 218% YoY

Menarini Group Shares New Analysis from EMERALD Clinical Study of ORSERDU® (Elacestrant) in Metastatic Breast Cancer at ASCO 2023

Antaisolar and Jinko Technology sign a global strategic cooperation agreement

CML Biotech installs world's first integrated blood collection tube manufacturing machine

Teaching youngsters what to learn from Carlos Alcaraz, Babolat launches pioneering range of specially designed children's racquets

MANE KANCOR LAUNCHES STATE-OF-THE-ART MANUFACTURING FACILITY IN BYADGI, KARNATAKA

Singapore to launch the 1st Starlight International Youth Basketball Open in August

Panda power brings distinctive charm to university games

Vantage Unveils Loyalty Programme to Make Trading More Rewarding for Clients

Fun88 Sponsored Newcastle United Qualifies for Champions League

Tradexa partners with Hyperice, providing Comprehensive Commerce Solutions

The exceptional Château Haut-Brion Library curated by Domaine Clarence Dillon

Meishe Revealed 3 AI Avatar Generators

DAR GLOBAL AWARDS TOP AGENTS PROPELLING REAL ESTATE SECTOR IN DUBAI

Teach For India's 'The Conference of the Birds' - a Sufi and Hamilton-inspired musical advocates for schools to build India's next generation of leaders

DE BEERS ON PACE TO DELIVER ON AMBITIOUS 2030 SUSTAINABILITY GOALS AND CREATE ENDURING POSITIVE IMPACT FOR PEOPLE AND THE PLANET

Sports.com announce Majed Al Sorour as President

DLF Luxury Shopping Festival 2023 - Step into the world of Luxury: The unrivaled luxury shopping experience

XCMG's 5th International Customer Festival Showcases the Latest Excavator Product Lineup

Guizhou digital government takes a lead in "Park Affairs, Park Management"

Guizhou accelerates the deployment of the "East Data & West Computing" program to gain economic growth

JA Solar Releases its Next Generation Module DeepBlue 4.0 Pro

SANY Hosts Global General Assembly 2023 for Dealers and Customer Representatives

Penta Security Applauded by Frost & Sullivan for Safeguarding Applications and APIs from Sophisticated Threats and for Its Market-leading Position

Deltek Reaches Agreement to Acquire Replicon, A Global Provider of Knowledge Workforce Management Solutions for Project and Service-Centric Organizations

POWERFUL HIDDEN INSIGHTS INTO SOUTHERN EUROPEAN GOVERNMENTS FINANCIAL PERFORMANCE: 2012-2022 AND 2017-2022

MOĂ‹T HENNESSY AND CHANGENOW ANNOUNCE THEIR PARTNERSHIP WITHIN THE CONTEXT OF THE WORLD LIVING SOILS FORUM

LBB Specialties Announces Headquarters Relocation

Shanghai Electric and Indonesian Partners Collaborate to Advance Green and Stable Power Infrastructure

Budget range of ~INR 16,000 - INR 41,500 most named by travellers for holiday accommodation and transport in 2023: reveals Agoda

ZTE releases 2022 Sustainability Report

Making the Most of Every Ray | Huawei Showcases All-Scenario Smart PV+ESS Solutions at SNEC 2023

OVO Farm introduces blockchain technology in Egg Industry

Ribbon Launches Ribbon Connect for Zoom

HCLSoftware's Technical Partnership with Ferrari starts with Low-Code and Integrated Application Security Solutions

Syncron to Sponsor Pricing Strategy World Summit 2023 and Deliver Keynote on Top-Down Price Optimization

PayTabs acquires OGS PayLab India, to deliver mada certified payment orchestration in the Kingdom of Saudi Arabia

POKERSTARS LAUNCHES NEW YOUTUBE SERIES WITH EXCLUSIVE INTERVIEWS AND INSIGHT FROM ORACLE RED BULL RACING

Making the Most of Every Ray | Huawei Launches FusionSolar Strategy and New Products at SNEC 2023

DAHON boosts its e-Mobility program with Mopeds and Motorcycles

Bitget partners with Copper to offer institutional clients off-exchange settlement

India Warehousing Show to bring the biggest companies on the show floor showcasing supply chain solutions

India to be a developed country by 2047, Economists agree on the roadmap says SKOCH Group

Chinese President Xi Jinping sends congratulatory letter to forum on development of Xizang

Innovative Partnership Between Grow Indigo and Dvara E-Registry Set to Empower Farmers and Combat Climate Change

Tianlong Helps Hospitals in Thailand Detect Hepatitis Early with Molecular Diagnostic Solution

"Cigarettes belong in museums," says Philip Morris International CEO in speech in London

Sports Injuries and Beyond - Knocking the Hurdles and Playing Relentless

TCL Hosts Asia-Pacific Launch to Showcase Latest Innovations Designed to Expand Imaginations and Ignite Passions

Astronergy gains 'Top Performer 2023' title from PVEL

NEW YORK'S TATIANA BY CHEF KWAME ONWUACHI IS NAMED THE RESY ONE TO WATCH 2023 BY THE WORLD'S 50 BEST RESTAURANTS

Hexaware's New Strategic Partnerships and Global Alliances Lead, Saurabh Rana, to Accelerate Hyperscale Ecosystem

Dronamics Cargo Drone Takes First Flight, Paving the Way for the Future of Deliveries

The Nagnadhi River Once Dried-up Now Flows Perennially: Women Take On The Art of Living Initiative

Reistor makes its red-carpet debut at the 76th annual Cannes Film Festival

TBZ Ltd. Delivers Sustainable Growth in Q4 & FY23, Led by Strong Performance in Jewellery Segment

Prudent Corporate Advisory Services Reports a Landmark FY2023, Surpassing â‚ą56,000 crore AUM with Quantum Profitability Growth

Sonata Software is proud to partner with Microsoft for the launch of Microsoft Fabric

MALAYSIA'S PRIME MINISTER TO HEADLINE IGEM AND INAUGURAL ATOZERO ASEAN SUMMIT IN OCTOBER

Study Finds AI and Emerging Technologies Increasing Tension as Journalists Face Growing Challenges to Maintain Accuracy and Truth

Asia Tech x Singapore, the region's flagship technology event will convene more than 17,000 global leaders and decision makers to shape an inclusive global digital future.

Casio to Release Digital Watch Collaboration featuring Netflix Series, Stranger Things

SVP Worldwide Unveils Embroidery Designs Featuring the Sesame Street Characters

New Lawsuit: Revival of Ultra-Luxury Supercar Brand De Tomaso Undone by Fraudulent Scheme

RingConn Official Website Has Been Launched on 5.18

AlUla's Jabal Ikmah recognized for its documentary heritage in chronicling the evolution of Old Arabic Languages

42Gears Launches ChatGPT Plugin for SureMDM Mobile Device Management Platform

Award-winning LGBTQ+ documentary Emergence: Out of the Shadows is now available for free on YouTube with English, Hindi, and Punjabi subtitles

Media Alert: Computex 2023 Keynote with Supermicro CEO

Make WOW Happen: Toshiba TV's Latest Reveal

Acoustic Debuts First-of-Its-Kind, Intent-Based Multichannel Marketing Platform

Experlogix Adds Digital Commerce to Its Product Suite

PTC Applauded by Frost & Sullivan for Delivering ServiceMax Field Service Management Technology that Optimizes Operations of Energy Companies

Pelham Investment Partners LP Issues Letter to Shareholders and Files Proxy Circular to Reconstitute the Board of Nickel 28 Capital Corp.

Ministry of Transport and Logistics Services: KSA Logistics sector market size to grow to 57.4 billion SAR by 2030

Timex India Reports Best ever results with 14X PAT growth for FY 2022-23, Driven by Core Timex Portfolio and E-commerce Expansion

SOFAR PowerMaster: A Game Changer for Utility ESS with Pioneering Power of Technology

Iridium Edge Solar Integrates with Laird Connectivity Sensors to Expand Remote IoT Operations

SKEMA enters Top 30 of the world's best Executive Education schools

JBD launches "Hummingbird" polychrome MicroLED projector, an industry supremacy for consumer AR market, equipped with SID "2023 Display of the Year" award winning 0.13" MicroLED panels, in mass production NOW

Harvard Business School invites Ironhill's co-founder Harsha Vadlamudi to join the OPM Program

BMO Financial Group Increases Common Share Dividend by 4 cents from the prior quarter, up 6 per cent from the prior year

BMO Financial Group Reports Second Quarter 2023 Results

G-P Named Employer of Record Industry Leader in The IEC Group Global EOR Study 2023

Microsoft Recognizes CyberProof for Specializations in Threat Protection and Cloud Security

Xynteo celebrates five years of Vikaasa & planet-positive impact, reaffirms its commitment towards accelerating India's progress on the UN Sustainable Development Goals

ASTRO N7 - Astronergy new masterpiece, globally debuts at SNEC

Computex 2023: Innodisk Expands Its AIoT Presence, Ventures Beyond Traditional Industries to Empower Smart Applications

Moksh Releases Comprehensive Guide for Indian Students on MBBS Education in Russia

Mauve Group Announced Winner of the 'Most Innovative Workforce Solution' Award at the INT-X Awards 2023

twimbit launches Ask twimbit, an intelligence tool powered by ChatGPT to empower members with cutting-edge research in an intuitive way

Giift shakes up the Indian loyalty market through its new GiiftBuzz Solution, affirming an ambitious acquisition target of over five million merchants

7 in 10 Indian consumers crave more flavour adventure in the sweet bakery category

BH Anilkumar and Rajesh Jogpal to Lead Modern Pythian Games in India

DCI Indonesia Earns Frost & Sullivan's 2023 Indonesia Company of the Year Award for Its Highly Differentiated Data Center Solutions

Women's World Banking Brings Making Finance Work for Women Summit to Mumbai

Herman Miller and Naoto Fukasawa Introduce Asari Chair by Herman Miller

IIHM INSTITUTE OF HOSPITALITY SKILLS (IIHS) OPENS LARGEST TRAINING CENTRE IN SILIGURI

Excellon Software Celebrates 3 Years of Successful Partnership with Ather Energy for Dealer Network Management

American School of Bombay implements a bold and innovative education plan to create a preferred future for students

CDNetworks Facilitates the Ability to Secure Websites, Applications, and APIs with A Business-oriented WAAP Solution

ESOC 2023: AI tool outperforms human emergency call handlers in identifying stroke, new study shows

Leading Forex and CFDs Broker FP Markets Expands its Emerging Markets Forex Offering adding Mexican Peso (MXN), Brazilian Real (BRL) and South African Rand (ZAR)

TIFFANY TAUSCHECK NAMED PRESIDENT & CEO OF THE GREATER DES MOINES PARTNERSHIP

COP28 President-Designate Calls for Major Boost to Public and Private Climate Finance for African Nations

Global Semiconductor Packaging Materials Market to Near $30 Billion by 2027

Diageo India Introduces Godawan Century, a Limited-Edition Artisanal Single Malt, Celebrating the Great Indian Bustard

VCTI Joins the Fiber Broadband Association

Accelex Launches Powerful Portfolio Analytics and Reporting Platform for Alternative Investments

BrightInsight Named 2023 Global Company of the Year by Frost & Sullivan for Enabling Better Patient Outcomes with Digital Solutions

UltiMaker Launches the Method XL 3D Printer to Deliver Unrivaled Accuracy and Precision for Engineering Applications

Borosil organizes 'Live Cooking Session' with Chef Harpal Singh Sokhi

CEPSI to Take Place in Xiamen in 2023: Call for Papers

Shutterstock to Acquire GIPHY, the World's Largest GIF Library and Search Engine

Altair Announces Release of Simulation 2022.3 Software Update

Bitget Registers as Virtual Asset Service Provider in Poland

Geek+ hybrid "Pick-and-Sort" solution streamlines order processing for UK retail giant NEXT

Launched today: Infosys Topaz - An AI-first offering to accelerate business value for global enterprises using generative AI

Abans Holdings Limited reports strong Results for Q4 and FY23: Unveils Expansion Plans

Airbiquity Wins 2023 IoT Evolution "Industrial IoT Product of the Year" Award

PMI Kerala chapter enters partnership with EXIN to provide Lean Six Sigma certification

MIDEA AND MANCHESTER CITY EXTEND GLOBAL PARTNERSHIP

Satish Pai takes over from Sanjiv Mehta as Chairman of the Vikaasa Executive Committee

Ariana Grande's r.e.m. beauty Announces Strategic Investment with Sandbridge Capital

Colgate Strong Teeth toothpaste relaunches with a formula to nourish teeth

PVEL Names Record Number of Top Performing Solar Module Manufacturers in 2023 PV Module Reliability Scorecard

Aero Design Labs receives drag reduction kit approval for Boeing 737-800

SeaWorld® Yas Island, Abu Dhabi celebrates opening with a spectacular star-studded event

5 Indian-flavoured cocktails from Diageo India's Evonne Eadie Featured at Cannes 2023

CSafe Providing Sustainable Thermal Protection for Vyjuvek Gene Therapy from Krystal Biotech

Royal Commission for AlUla grows its portfolio of hospitality offerings with plans for AZULIK AlUla, a new eco-luxury resort

Oda Class: The Rise of EdTech Driven by Young Indian Professionals

Nobu Hospitality Expands into Lisbon

Sinopec Signs Key Terms Agreement with Kazakhstan for Polyethylene Project

Sunrise Group among the world's top ten chemical distributors

Proem Behavioral Health and Dr. David V. Sheehan Issue Joint Statement

South Indian Bank earns global and national recognition for creating superior customer experience

Hollywood teams and Chinese filmmakers cooperate to build new hubs of film industry between the Greater Bay Area(GBA) and China-ASEAN Free Trade Zone

Bankai Group's President & CEO, Bankim Brahmbhatt Featured in Capacity's Power 100 List of 2023

Bitget's Blockchain4Youth Project Debuts Educational Blockchain Courses

Kido International Preschool and Daycare: Bridging the Gap in India's Childcare Industry

Vantage clinches the highest accolades for its partnership programs

PepsiCo and UEFA Unveil a Series of Innovative Sustainable Food & Beverage Practices at the 2023 UEFA Champions League Finals

Xinhua Silk Road: 4th Shanghai Y50 Forum held to build Shanghai into hotspot for youth innovation and entrepreneurship

Huawei and Partners Announce First Confirmed Jaguars in Mexico's Dzilam State Reserve

SKAN Research Trust and Quadram Institute Bioscience to collaborate in Gut Microbiome Research

Canon India strengthens commitment to the East market; unveils one of its kind 'Live Office Infrastructure' in Kolkata

TVM Capital Healthcare Announces Euro 10 Million Investment in DEBx Medical

Supermicro Launches Industry's First NVIDIA HGX H100 8 and 4-GPU H100 Servers with Liquid Cooling -- Reduces Data Center Power Costs by Up to 40%

"Taiwan Acts!" Brings Sustainability to its Architectural Exhibition with ViewSonic's Visual Solutions

Allen & Overy and Shearman & Sterling to create the first fully integrated global elite law firm

IBM Launches $100 Million Partnership with Global Universities to Develop Novel Technologies Towards a 100,000-Qubit Quantum-Centric Supercomputer

Campari hosts a night of unforgettable moments at 76th Festival de Cannes

Iridium Adds to Constellation Resilience with Launch of Spare Satellites

Discover the Future of Android POS with SUNMI 3rd-gen products

 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
INDIA WORLD ASIA
Andhra Pradesh: Fire breaks out in scrap...
DRDO assures all possible support to mak...
Delhi Police registers FIR against prote...
BSF shoots down Pak drone in Amritsar; r...
'Arrest us if they want': Farmer leader ...
New Parliament building impresses with i...
More...    
 
 Top Stories
Edward James Olmos reveals he had t... 
US arrests 2 suspected Chinese govt... 
'Kantara' star Rishab Shetty appeal... 
Joe Biden urges US Congress to pass... 
AP: Heavy rains hamper TDP "Mahanad... 
'Mann Ki Baat': PM Modi urges peopl... 
India's total fish production reach... 
Imran Khan tells Pak govt to break ...