Increasing global capabilities in industry undoubtedly increases competitiveness. Consequently, every Chief Capability Officer seeks ways to unlock new efficiencies to leverage them for operational success.

The following are some of the most notable reasons organisations should consider expanding their reach.

Larger Customer Bases

The most obvious advantage of increasing global capabilities is an increased market share. Accessing new consumers, especially in emerging markets, can greatly increase profits.

Examples of lucrative markets for expansion include China, India, Brazil, the Philippines, Vietnam, and Indonesia where the rise in the middle class has led to significant increases in products and services.

Cost Savings

Companies can increase profits by accessing regions with lower labour and material costs. Studies confirm integrated supply chains reduce expenses. This may be achieved through lower transportation expenses, economy of scale in production, and more source choices. Recent research indicates companies with efficient supply chains can enjoy savings of up to 20% when compared to local supply chains.

An example of how a global supply chain can be advantageous can be seen in Apple Inc. Their supply chain involves over 200 suppliers for manufacturing and assembling their products for the most economic advantage.

Optimized Production Processes

Global supply chains improve production processes by reducing lead times, increasing flexibility, and controlling inventories well. Evidence also suggests companies with integrated global supply chains can better meet customer needs, creating a competitive edge.

Increased Flexibility

Creating an international presence allows organisations to overcome their dependency on domestic markets. They become more agile and responsive to changing market demands and mitigate risks such as natural disasters and political instability.

Additionally, global networks provide access to a broader pool of talent, expertise, and innovation, allowing companies to adapt quickly to market trends and customer preferences.

As an example, global fashion retailer Zara has a tight global network of suppliers and production facilities which responds quickly to fashion trends. Their online store now serves 66 countries.

Strategic Alliances with Local Partners

Collaborative relationships with local businesses offers mutual benefits. These include pooled expertise, shared risks, and the potential to create complementary capabilities.

An excellent example is Toyota. They closely collaborate with suppliers, and share information, knowledge, and best practices to create a highly-efficient supply chain. This reduces costs, increases competitiveness, and enables just-in-time production.

Collaborative Advantages

Expanding global capabilities often includes increasing collaboration for a competitive advantage. Companies can connect with researchers, innovators, and scientists around the world. This creates a larger pool of expertise, resources, and perspectives which can lead to cutting-edge technological innovations.

Collaborative resources are especially important as businesses encounter new markets with new customer preferences and business practices.

Partnering to Increase Global Capabilities

Accessing global innovation resources is often difficult in-house due to limited talent and resources. Fortunately, it is possible to collaborate to find ways to increase global capabilities, quickly and effectively. The Chief Capability Officer can partner with EarlyBirds to take advantage of their expertise and experience. EarlyBirds offers multiple methods that may help, all with the following benefits:

• Increased productivity
• Improved operational efficiency
• Enhanced competitiveness
• Connections to the best Subject Matter Experts and innovators available
• Simplified process

EarlyBirds Skill Identification Program

Our skill identification program offers potential solutions to organisation to find and retain the best in the current talent pool.

The program is overseen by veterans in the industry with a high level of credibility and expertise that benefits all parties. It also provides actionable data-driven recommendations fuelled by cutting-edge technologies, such as artificial intelligence, machine learning, and predictive analytics.

EarlyBirds Open Innovation Ecosystem

Our award-winning Open Innovation Ecosystem allows both innovation and strategic thinking in all areas of a business, whatever the technical or business challenge or potential opportunity your organisation wants to explore.

With a data pool of over 5.0 million global innovations across many industries, it is possible that solutions already exist that address your organisation’s challenges. Alternatively, your organisation can list your challenges and request solutions from innovators.

EarlyBirds Ecosystem Maps

EarlyBirds’ Ecosystem Maps offer strategic value for decision-making. They empower CCOs, because they provide a full picture of the possible technological advancements in specific domains. This allows them to make informed, forward-thinking decisions.

Each Ecosystem Map contains startups, scaleups, and mature companies involved in specific themes and sub-themes so organisations can plot a path towards innovation. The map also tracks numerous daily and historical news and media articles from across the world.

EarlyBirds Explorer Program

The Explorer Program is tailored towards those who need innovation as a service to supplement existing innovation programs, or to conduct innovation projects when required. It is designed to speed up the process of technological innovation for the organisation as a service.

The Explorer Program includes several features including quarterly and monthly innovation days; regular webinars to help stimulate innovation in the organisation; a focus on types of innovations; a platform enterprise license; and a nominated SME for the business.

EarlyBirds Challenger Program

The Challenger Program focuses on a single organisational or technical challenge. It looks for the most relevant innovators that meet your organisational, technical, and risk requirements.

The program is run by an EarlyBirds’ Subject Matter Expert who identifies your key issues. The SME then searches the data pool to identify and curate options for further evaluation. The most suitable option is chosen and the SME drafts a roadmap of next steps, POC, trial, or implementation.

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The best Chief Capability Officers always look towards the future. Clearly, expansion into new markets is an attractive proposition, but also one that requires a careful business strategy.

Fortunately, any organisation looking to increase global capacity can sign up as an Early Adopter. Alternatively, they can please request a consultation with EarlyBirds for a more personalized approach.

Our experience extends to the Food Industry, Retail, Healthcare, Operations & Maintenance, Manufacturing, Finance & Insurance, Energy, Education, Cybersecurity, Sovereign Nations, the Public Sector, and many other areas. We can help your business increase global capacity to ensure business success.

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