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Pivot to the Future with Paul Nunes Part 6

The Innovation Show

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The Challenge of Overcoming Corporate Inertia

The key insight is about the challenge of overcoming corporate inertia when trying to implement real change. The speaker highlights the difficulty of unlocking old resources to fuel new initiatives, as inertia may still hold back real change even if sufficient capital can be freed up. The speaker emphasizes that today's processes and IT systems have been optimized over decades to support the core, making them hard coded to implement a strategy that may be long forgotten. This situation can unintentionally destroy initiatives with the potential to lead managers to the future, as the 'old' is determined to kill the 'new'. The solution, according to the speaker, requires a reallocation of resources driven from the top, including the CEO, the CFO, and other members of the executive team.

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