Innovate or Die - Luiz Guimaraes

Innovate or Die - Luiz Guimaraes

Don't let your business bankrupt! Discover through this summary the concept of Digital Reengineering: a simple and powerful strategy to save your company!

Have you ever imagined the situation of your business in the future? Ten years from now, for example. Are you sure that your traditional organization will survive the dynamic changes of the Third Digital Revolution?

Well... The title of the book says a lot about this! Luiz Guimarães portrays that the digital age we are living in today will cause drastic changes in the way we do business in the future.

In "Innovate or Die", the author discusses the importance of adapting to these changes, and also how innovation capacity is vital to ensure the survival and success of both a company and a professional of tomorrow.

About the book "Inove ou Morra"

The book "Inove ou Morra" (2018), "Innovate or Die" in a direct translation, by Luiz Guimarães, introduces a proposal that seeks to modernize and innovate companies adapting them to the digital age, focusing mainly on customers. The author gave the name of "Digital Reengineering" to the concept.

The book brings reflections that help us to better understand the changes and their causes, showing us what to do about them. Besides, it still states that you do not have to be a startup to develop news!

About the author Luiz Guimarães

Luiz Guimarães has extensive knowledge and experience with the concept of technology, being a specialist in the field. His focus is divided into three main points: process management, automation business, and digital companies.

With almost twenty years of entrepreneurial experience, he is the founder and most important manager of the TD holding, a non-profit association dedicated to technology management and business acceleration.

The author is also the creator of the Digital Reengineering concept, which aims to help conventional companies to seek innovation and prosperity in the digital age. This concept is presented by him in this book!

To whom is this book indicated?

The book "Innovate or Die" is dedicated to all entrepreneurs who need to seek innovation and adapt their enterprise to the new digital era!

However, the book is also suitable for all who seek to increase their knowledge base on the main technologies of today's world.

Main ideas of the book "Inove ou Morra"

According to Luiz Guimarães, the book "Innovate or Die" seeks the following reflections:

  • To present the abrupt change in our ways of working, consuming, studying, relating, and entertaining;
  • Understand what is causing it;
  • Inform how to connect and convince the new consumer style;
  • Count on how to innovate your company without having to renew the employee base or your organizational culture;
  • Understand your revenue using new technologies to leverage your business.

This summary will introduce you to some of Luiz Guimarães' main ideas and his concept of "Digital Reengineering"!

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[Book Summary] Inove ou Morra - Luiz Guimarães

Overview: Problem Definition

Technological progress and the implementation of several new products on the market are causing changes in the habits and way of living of the people, and this is no secret. Can you imagine yourself without your smartphone? Difficult, isn't it?

According to Luiz, this trend of change will only gain strength, as technological advances are rampant. In this sense, the author states that even natives of the current digital generation will need to relearn to use different things than they are already accustomed to.

He describes that all generations will sooner or later incorporate into their culture the new technologies of their era. Guimarães also points out that this changes the expectations, behaviors, and demands of new buyers.

Experience versus Convenience

Guimarães portrays that marketing techniques are often used to depict the experience of a product or service, but rarely point out the product or service convenience.

He says that innovating is increasing the level of convenience. For this, it is necessary to redesign the value proposition that your brand can deliver. Luiz uses an example to make this reflection clearer.

In the past, people could only watch a movie if they went to a movie theater. But with the evolution of technology, DVDs have emerged and convenience has increased. And why stop there? Nowadays we have video streaming services such as Netflix.

In this way he says in "Innovate or Die", people began to watch movies in the comfort of their homes, no longer having the inconvenient need to go to the cinema at a specific time to just enjoy a cinematic experience.

In this way, the author portrays that to keep us in the market, we do not necessarily need to develop a new form of experience (such as a startup), but to provide greater convenience and meet new expectations to the customer.

Building Convenience

How to improve your brand's presence? Guimarães points out the three main points that must be tackled for this:

  1. Time Economy: what is more important for people than time in the present day? Time is short, so take advantage of this feature to innovate;
  2. Effort Reduction: convenience is the key to reducing the effort that a person needs to give up to use some product or service;
  3. Control over the operation: Customers seek control over the products or services. As in the example of the film, quoted by the author, a person can pause the movie and continue watching later, but in the cinema, he/she will not have that option.

Overview: The Third Digital Revolution

The world has gone through two digital revolutions. The First one happened between 1940 and 1960, in the same period the Mathematical Theory for Communication was developed, which originated the network information exchange protocols.

The Second one happened between the '70s and '90s when several technologies were developed that brought some comfort and gave rise to market niches, such as computers, video games, electronic music (discs and tapes), internet, and ERPs.

Nowadays we are living the Third digital revolution, focused on mobile, intelligent, accessible, communicative, social, and global technology.

According to Guimarães, these technological achievements do not compare with those that are yet to come. He also points out that the Third Technological Revolution is the greatest and most complete and impressive experience we have ever experienced!

It can be divided into ten major groups:

  1. Mobile;
  2. 3D printer;
  3. Big Data;
  4. Cloud computing;
  5. Process Mining and Data Mining;
  6. Blockchain;
  7. Smart Construct;
  8. Deep Learning;
  9. Augmented Reality and Virtual Reality;
  10. Internet of Things.

All of these technologies are strongly related to innovation and have also boosted the emergence of various startups.

Democratization of technologies

The popularization of technologies and the massive use of new digital resources allowed the creation of several companies exclusively digital and closely linked to the industry 4.0.

New technologies have changed people's habits and, consequently, the way we carry out our tasks and relate to each other. The speed of change is incredible!

In addition to the way we live, technological innovations have made it cheaper and easier to access devices and services. Guimarães makes price comparisons of some products to exemplify.

In the case of drones, for example, the price range decreased by about 14, 100% in six years from 2007 to 2013.

Importance for enterprises

According to the author, new technologies are of great importance and create conditions for new markets.

Luiz Guimarães says that there is a rich supply of products and services coupled with a great demand from new consumers and a strong distribution channel, all of which are consequences of new technologies.

Overview: Innovation with Digital Reengineering

What is the biggest challenge for companies today? Deliver greater value and differential to consumers. Any company that can not meet these requirements is doomed to failure or, as he describes in the book's title, die.

Processes Reengineering

Guimarães explains in his book the concept of Business Process Reengineering (BPR). This definition was developed in 1990 by Professor Michael Hammer.

Basically, the methodology seeks to plan a business aimed at improving efficiency in customer service systems and, above all, seeks to seek global competition.

Among the highlights of the methodology are:

However, as Luiz pointed out, the reality of the time did not allow for such results to be fully optimized, since the adaptation of old ideas and methods was not enough.

He states that the act of rethinking is extremely important to the success of a business. From this, he concludes that this action must be based on the possibilities of the future with the application of new technologies, and not on the adaptation of old ways.

Digital Reengineering

Based on the concepts of BRP and having in mind the rethinking and its relation with the new technologies, Luiz Guimarães proposes an appropriation and adaptation of the term, calling it Digital Reengineering (DR).

This new concept aims to improve the delivery of added value to the digital customer and also aims to improve the way of working from the use of new technologies. The DR seeks to direct the business based on four fundamental points:

  1. Innovate through the observation and evaluation of the market and its disruptive and radical changes. Find out what the new market wants and make use of this premise.
  2. Innovation needs to be appropriate to the current reality so that it can meet the expectations of digital consumers. Delivering value is delivering benefits and conveniences;
  3. Application of new technologies in your business. Capacity and ability to innovate from them, aiming at production speed, cost reduction, and high quality;
  4. Optimization and expansion of business through the use of automated and robotic processes, as well as the rise of Artificial Intelligence.

The 7 Principles of Digital Reengineering

The author presents in the book the seven principles for the application and design of Digital Reengineering. In this summary, we will make a brief survey of each of them:

  • Customer Empowerment: the customer is the soul of the business, the main responsible for idealizing it;
  • Providing a good data platform: diversify and customize your business and allow the complete visualization of all the components of your product or service;
  • Agility in the redesign of processes: is responsible for determining all phases related to value added to the business and workflow;
  • Robotized Operation: use of autonomous machinery to perform repetitive, unhealthy, and low-level manufacturing tasks;
  • Empowerment of the Workforce: an alliance between man and machine. Use of technologies to increase the cognitive ability, strength, and agility of human beings in the execution of tasks;
  • Intelligent Process: implementation of algorithms in the rigorous and judicious execution of processes to increase the quality;
  • Digital Value Chain: Reliability and security of your company concerning your external transactions.

What do other authors say about it?

Eric Ries in the book "The Lean Startup" explains that it is important that the word "innovation" be understood broadly. They can be original scientific discoveries, a new use for existing technology, creation of a new business model, among others.

In the book "Negócios Digitais", "Digital Business" in a direct translation, author Alan Pakes clarifies that with each passing day new technologies emerge, new possibilities are identified and new opportunities created. Adapting to this reality, companies are investing more and more on the internet and in the digital world.

This is how the concept of "Digital Business" arises, that is, businesses based in the digital world, using the tools available to achieve the best results.

On the importance of the Internet for marketing, Seth Godin, author of the book "This Is Marketing" explains that the internet has changed the rules of the game. It is the most massive communication mean ever created, connecting billions of people.

Okay, but how can I apply this to my life?

The book "Innovate or Die" brings us the reflection on the complexity and the advancement of technology over the years. The author shows us how evolution and modernization have changed and are changing the habits and ways of acting of people and, of course, of companies.

Luiz Guimarães explains that to innovate you do not necessarily need to develop something new, but rather apply the new one in your business.

In this way, companies will be able to add value to their product or service, meeting customers' expectations, and delivering them greater convenience and convenience.

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Book 'Inove ou Morra'

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