USC NACD Final

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Transcript of USC NACD Final

1 ADVANCING EXEMPLARY BOARD LEADERSHIP

Source: 2014 Gartner Hype Cycle

ADVANCING EXEMPLARY BOARD LEADERSHIP

Technology Risk, Reward and

Reinvention 1

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Bob Zukis @bobzukis | bobzukis@gmail.com

Eileen Bartholomew @ebartholomew | eileen@xprize.com

Bill McCormick bmccormick@aequitascapital.com

Our Panel

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Got IT?

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What’s Different About This Cycle of Technology Driven Innovation?

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Source: McKinsey and Company 2015

Opp

ortu

nity

R

isk

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Is Every Company Now A Technology Company?

Source: McKinsey and Company 2015

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Why Should a “Traditional Company” Like a Manufacturer, Care About Today’s Technology?

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A carefully written manual “Your Telephone – “Asset or Liability” especially for the use of executives…

June 24, 1916

“…meant an immediate saving of over a week per year of the time of every

telephone user from the $10 a week clerk to the $100,000

a year executive.”

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Source: PwC 2015

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Why Are Boards Slow at Understanding Opportunity Risk and What Can They Do To Improve?

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The

Ris

ing

Tide

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The

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• The 3rd Industrial Revolution – new tools, new ways to shape our world

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The

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• The 3rd Industrial Revolution – new tools, new ways to shape our world

• New Behaviors and Economic Incentives – productivity, lower transaction costs, knowledge amplification and symmetry, et al.

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• The 3rd Industrial Revolution – new tools, new ways to shape our world

• New Behaviors and Economic Incentives – productivity, lower transaction costs, knowledge amplification and symmetry, et al.

• Unprecedented Shifts – demographics, economic power, social mandate, environmental stress Th

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Takeaways Eileen

>Are you thinking local and linear, or global and exponential? >How are you adopting breakaway tools and business models to disrupt yourself first? > Where and how do you attempt crazy ideas?

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Takeaways Eileen

>Are you thinking local and linear, or global and exponential? >How are you adopting breakaway tools and business models to disrupt yourself first? > Where and how do you attempt crazy ideas?

Bill >Are Board Directors open minded and inquisitive enough? >Are you experimenting enough? >Do you have the right skills and experiences in the Boardroom?

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