Connectivating and the new ways of winning

Executive Director of SMU Executive Development Stephen Wyatt commented that companies today are innovating their business models, products and processes by seizing the possibilities of 'connecting-with-ease', the convergence of technological and analytical breakthroughs. Such innovation examples are known as ‘Connectivations’, which is defined as: ‘new ways to connect people, businesses and other entities to create and capture new value.’ ‘Connectivations’ tend to be game-changers that shake up and fundamentally transform the competitive dynamics of an industry. Mr Wyatt also cited the following forces driving ‘Connectivations’ – Digitisation of Everything, Homogenisation of Everyone, Transformation of the Value Chain and Reinvention of Business Models. He urged companies to ‘Connectivate’ or risk losing the game.