Thinking With Mitch Joel

SPOS #950 – Stephen Shapiro On How To Pivot In An Uncertain World

11 snips
Sep 22, 2024
In this discussion with Stephen Shapiro, a former leader at Accenture, listeners learn how he transformed his career from optimizing business processes to fostering innovation and job creation. He emphasizes anchoring to core strengths while navigating change, using the basketball pivot as a metaphor for stability in uncertainty. Shapiro critiques the chase for fleeting trends, advocating for deepening organizational differentiation instead. He also explores workplace evolution post-pandemic and the importance of emotional engagement in customer connections.
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ADVICE

Prioritize Investments

  • Categorize work into support, core, and differentiating to prioritize investments.
  • Focus on partnering for core work and innovating where you differentiate.
INSIGHT

Defining Differentiators

  • A true differentiator isn't just what makes you different, but a desirable and durable capability.
  • It enables you to create new products and services repeatedly.
ANECDOTE

Otis Elevator's Pivot

  • Otis Elevator shifted from manufacturing to servicing elevators, becoming experts in all things elevators.
  • This deepened their value and expanded their profit sources.
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