19160285
Description
Mind Map by Enrique mendoza, updated more than 1 year ago
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Combining Innovation & Technology for
Real Change
- Entrepreneurs are a main catalyst for change that causes the most disruption by modifying our
current process for delivering goods and services or by creating entirely new services.
- How Does an Existing Organization Avoid Becoming
Obsolete?
- Legal Nexus of Forces breaks the analysis
down into four categories
- Client Sophistication
- With the advancement and consumerization of
technology, law departments are able to do
more with less
- With the advancement and consumerization of
technology, law departments are able to do
more with less
- Change in Competition
- Legal Process Outsourcing (LPO) and
Alternative Service Providers (ASPs)
increasingly take market share away
from law firms.
- Legal Process Outsourcing (LPO) and
Alternative Service Providers (ASPs)
increasingly take market share away
from law firms.
- Law Firm Innovation
- Those with the most support and direction from upper management
tend to make the largest advancements and have the greatest ability
to meet client demands for greater efficiency, predictability, and cost
effectiveness in the delivery of legal services.
- Those with the most support and direction from upper management
tend to make the largest advancements and have the greatest ability
to meet client demands for greater efficiency, predictability, and cost
effectiveness in the delivery of legal services.
- Emerging Technology
- Today, vendors in the legal market
are foundationally suited in two
areas—advanced analytics
(machine learning), and other
forms of artificial intelligence such
as natural language processing.
- Today, vendors in the legal market
are foundationally suited in two
areas—advanced analytics
(machine learning), and other
forms of artificial intelligence such
as natural language processing.
- Client Sophistication
- Legal Nexus of Forces breaks the analysis
down into four categories
- Now What?
- Create a constant wave of creative destruction that stimulates economic growth by creating new
inventions never before imagined.
- Create a constant wave of creative destruction that stimulates economic growth by creating new
inventions never before imagined.
- Are we a Legacy Industry That Can Transform?
- Because there is an early prize for those able to successfully innovate to the point that traditional
companies must succumb to the pressure of new inventions. It is market power. Innovation has the
ability to change markets and break down boundaries.
- Because there is an early prize for those able to successfully innovate to the point that traditional
companies must succumb to the pressure of new inventions. It is market power. Innovation has the
ability to change markets and break down boundaries.
- Name: Ronald Daniel Garcia
- Group: 212032_28
- Group: 212032_28
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