Cover of Overcrowded by Roberto Verganti - Business and Economics Book

From "Overcrowded"

Author: Roberto Verganti
Publisher: MIT Press
Year: 2017
Category: Design

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Chapter 3: Competing through Meaning
Key Insight 4 from this chapter

Lost Focus in the Organization

Key Insight

The fourth driver for meaning innovation stems from a lost focus within an organization. After periods of rapid growth and success, companies can shift their attention from the 'why' โ€“ the fundamental meaning and purpose of their offerings โ€“ to the 'how' โ€“ operational efficiency and management. This neglect causes employees to lose touch with the core value proposition, resulting in a diminished sense of purpose and a fragmented organizational identity where the initial meaning becomes diluted or even contradictory.

To revitalize the organization, a critical reflection on a 'new meaning' is essential. This process involves actively engaging employees, enabling them to be protagonists in steering a new direction, rather than dwelling on past achievements. It requires challenging old assumptions, critically re-evaluating the environment, and embracing new perspectives to ensure the proposed meaning is genuinely valuable and inspiring to both employees and the market.

Ultimately, every product, service, and industry is inherently imbued with meaning because people choose and experience them for a specific 'why.' In a world saturated with solutions and ideas, clients primarily seek meaningful direction. Therefore, organizations, regardless of sectorโ€”including business-to-business markets which can leverage meaning innovation in multiple waysโ€”must proactively question and redefine meaning to avoid being disrupted by competitors who are already working to claim this vital space.

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