Every industry is built around long-standing, often implicit, beliefs about how to make money. In retail, for example, it's believed that purchasing power and format determine the bottom line. In telecommunications, customer retention and average revenue per user are seen as fundamental. Success in pharmaceuticals is believed to depend on the time needed to obtain approval from the US Food and Drug Administration. Assets and regulations define returns in oil and gas. In the media industry, hits drive profitability. And so on.
These governing beliefs reflect widely shared notions about customer preferences, the role of technology, regulation, cost drivers, and the basis of competition and differentiation. They are often considered inviolable—until someone comes along to violate them. Almost always, it's a disruptor from outside the industry. But while new entrants capture the headlines, industry insiders, who often have a clear sense of what drives profitability, are well positioned to play this game, too.
How can incumbents do so? It's clear that the methods we have been using to tackle challenges are no longer sufficient. Sacred cows, conventional wisdom and consensus seeking very often stand in the way of disruptive innovation, and must be challenged in order to chart a new path into novel solution spaces.
learn THNK's 4-step Reframing process to examine your entrenched perceptions and limiting beliefs - be it about your industry or a particular product, processes, or project
turn the most significant underlying notions on their head—reframing them— towards a whole new perspective and solution space for new value creation
Reframing will take you out of your mental comfort zone, enabling you to discover new perspectives and creative solutions.
ACETECH delivers what is for many, a profound experience. Dedicated exclusively to CEOs and Past-CEOs of technology and life sciences companies, everything about ACETECH is geared to the unique environment of the chief executive role. If you are committed to improving your performance as an executive and a leader, your participation in ACETECH will be rewarded with the highest level of learning and growth. ACETECH is an on-going opportunity to connect with the best and the brightest stars in the technology field.
ACETECH offers complimentary memberships to all CEOs and past CEOs who want to get involved. There are eligibility requirements that every participant must meet to become a member, and there are fees associated with some of the programs.
As a non-profit organization, ACETECH is driven by the personal commitment and passion of successful CEOs who want to give back to their peers. ACETECH is by CEOs for CEOs.
Now in its 17th year, ACETECH has expanded to provide learning and growth opportunities for you all year long.