While some aspects of corporate activities are being simplified, overall new technologies may be adding to the growing list of complexities for TMT corporations. And with many traditional leaders losing ground to agile upstarts, the stakes are only getting higher. Baker McKenzie’s Adrian Lawrence and Anne Petterd discuss actionable approaches TMT corporations can take to stay ahead.
There is no magic formula for innovation, but to drive change within their organizations, TMT corporations need to find the right leaders for the job. Ideal candidates will be a hybrid of an entrepreneur and a politician, willing to take calculated risks and experiment. At the same time, they need to have the capacity to tread carefully on the internal dynamics of a corporation and implement a culture of compliance toward local regulatory regimes.
Consumer Goods and Retail STEPS FOR SUCCESS: Adapting to the new rules in retail
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