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Six best practices to leverage ecosystems and M&A for resilience
The term ‘essential business’ has forever been branded beyond COVID-19. Achieving resilience by increasing an organization’s essentiality requires both addressing current weaknesses and readying for the future by embracing the six key practices of ‘Big C Collaboration’.
- Ecosystem thinking: Identifying and using the resources of others for competitive advantage
- Strategic leadership alignment: Imagining future scenarios and outlining purpose-driven goals as an integrated executive suite
- Dynamic customer-centric strategy formulation: Organizing around ever evolving valuable ‘jobs to be done’
- Risk-balanced portfolio management: Maintaining the right mix of investments for near and long term
- Multi-modal innovation: Leveraging multiple channels, including mergers and acquisitions (M&A)
- Lean-agile approach: Institutionalizing a ‘build, test, and learn’ approach
About the author
Image of Blake Hansen
Blake Hansen
Blake Hansen is a senior partner and leader in TCS’ M&A Services. With over 35 years of experience in management and IT consulting.
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Courtney Wood
Courtney Wood leads thought leadership development for TCS’ M&A Services.
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