Ever since Four Principles started working with the private sector on both classical lean transformations, as well as lean digital transformations back in 2010, we observed that while such companies are able, with the right external support, to conduct such transformations successfully, they were nevertheless still prone to what is now, especially post covid 19, called digital disruption from new upstarts.
There’s no question that we’ve entered the era of Industry 4.0, described by pwc as encompassing “end-to-end digitization and data integration of the value chain.” Industry 4.0 companies optimize production to the fullest extent by connecting physical, virtual, and human assets, and integrating all operations and internal activities.
Why Four Principles believes that the Lean Start-up methodology, which is the core of its just recently launched Disruption-as-a-Service (DaaS), is more applicable today than ever. Research shows that new companies fail at a startlingly high rate, with 75 percent of venture-backed startups doomed to crash and burn, according to research by Shikhar Ghosh of the Harvard Business School. In fact, according to statistics for 2020 compiled by Review 42, the failure rate for all new startups – not just those backed by VC funding – is closer to 90 percent.
12/21
Ever since Four Principles started working with the private sector on both Classical Lean Transformations, as well as Lean Digital Transformations back in 2010, we observed that while such companies are able, with the right external support, to conduct such transformations successfully, they were nevertheless still prone to what is now, especially post Covid 19, called digital disruption from new upstarts.