Why businesses fail to successfully adapt to change

Interesting infographic on GigaOM on why businesses are failing to successfully deal with disruption, competition, and change. Many of the reported causal factors will be quite familiar to anyone who has worked in a larger corporation. Although this highlights some of those factors, there isn’t much offered in terms of potential solutions to overcome these issues.

Some of the factors affecting the pace of business change:

  • Volatile economic environment
  • Increased competition
  • Fast-changing regulatory environment
  • Rapid changes in customer preferences
  • Changing technologies

Barriers slowing business response to change:

  • Lack of resources to implement change
  • Lack of coordination across different functions
  • Inaccurate or incomplete data
  • Bureaucratic decision-making process
  • Reluctance among senior executives to change strategy
  • Lack of leadership
  • Lack of autonomy for managers/executives
  • Reluctance to admit that previous strategic decisions were wrong
  • Lack of innovation capability

Read the rest of this post on Brilliant Forge

Prior to founding Brilliant FORGE, Larry Cornett was a Silicon Valley product executive with over 16 years of experience designing, defining, and building consumer products at several of the biggest and best technology and internet companies; including Apple Computer, Yahoo, eBay, and IBM. Most recently, Larry was the Vice President of Consumer Products for Yahoo! Search, leading a multinational team of product managers, designers and developers who were focused on creating world-class Search experiences to compete with Google and Bing.

Larry began his career at IBM’s Santa Teresa Laboratory while in the graduate program at Rice University in Texas, designing database and development tools. He returned to Rice to complete his doctorate and soon after had the opportunity to move to the Bay area to work as a designer for Apple Computer, where he worked on the Finder for Mac OS 8, OS 9, and OS X, as well as Internationalization and Localization software.

After many memorable years at Apple, Larry left to join a startup during the infamous Silicon Valley Boom and later founded MindSpan Design, an interaction design agency, where he worked on desktop, web, and mobile solutions for a variety of startup clients for several years until the “Bust”. After that, he joined eBay to lead a team focused on multiple products for vertical shopping experiences (e.g., eBay Motors,, Kijiji), platform solutions, and eBay’s international sites. This included moving to Shanghai, China to work with the local team to define and launch several new products and help optimize the Product and Design organization.

He received his Ph.D. in Psychology from Rice University with an emphasis on Human Factors and Human-Computer Interaction. While there, he designed and developed a coaching system for training software users to become more effective and efficient in their daily usage of productivity software. He holds multiple patents, which include design work on web-based products and hardware solutions.