It's not business as we know it!
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Transcript of It's not business as we know it!
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It's not business as we know it!Chris Farrance
cc: JD Hancock - https://www.flickr.com/photos/83346641@N00
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1. External Forces
2. TheThird Wave
3. Today’s
People
4. Today’s
Businesses
5. You
& I
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POLITICAL
16 Russia - Ukraine & Syria - new ‘cold war’
12 Donald Trump US president
12 Jihadi terrorism destabilises the global economy
8 Chinese expansionism - South China Sea
ECONOMIC
20 China - hard landing
16 Currency - emerging market debt crisis
4 Future oil price shock
UK/EU
15 EU begins to fracture
15 Grexit – a Eurozone break-up
8 The UK votes to leave the UK
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Third Disruptive Wave
cc: Duncan Rawlinson - Duncan.co - @thelastminute - https://www.flickr.com/photos/44124400268@N01
1. Agrarian 2. Industrial3. Digital
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Knowledge Intensive Sectors
- ICT
- Media
- Professional Services
- Finance & Insurance
24% GDP
B2B Sectors
(Customer Interaction)
- Wholesale Trade
- Oil & Gas
- Chemicals
Labour Intensive Sectors
(Workforce Benefits)
- Basic goods manufacturing
- Mining
- Transportation
26% GDP
Public/Private Sectors
- Government
- Health Care
- Construction
34% GDP
UK OECD Ranking (33)
ICT Supply & Innovation 1
Business Use 3
Consumer Use 1
Govt Use 12
Source: McKinsey Report Digital America 2015
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Google AI beats Go world to complete historic 4-1 series victory
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Baby Boomers 22% 50-69 dob 1946/64) Gen X 29% 30- 49 dob 1966/76
Gen Y 21% 15-29 dob 1977/94 Gen Z 18% 0-14 dob 1995/2012
Note: % Based on 2014 figures (11% 70+) Various Sources
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Impact on Old World New World
Strategy & innovation • Centralised• Top Down Push• Incremental
• Distributed• Engagement• Revolutionary
Organisation • Command & Control• Hierarchical• HIPPOS
• Democratic• Flexible• Amoebic
Knowledge & Learning • Knowledge is Power• Tell• Time on job
• Democratised• Experiential• Bite sized delivery
Technology Leverage • Legacy Rules• Closed• Dominant supplier
• Plug & Play• Open• Multiple Platforms
Role of Management • Organise• Echo’s• Mechanical
• Lead• Coach• Develop
From Paralysis to Agility
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Problem
Idea
Share
Mentors
Competitions
Incubators
SupplyChain
IndustrySavants
AssetLite
GigResources
LegoApproach
Prototype
Bootstrap
VisionaryTeam
OpenSource
MVP
TractionUser
ExperienceMarket
Test
ScaleUp
BusinessModel
PIVOT
Processes
Governance
TrophyCustomers
Agile/Lean
IP
ManagementTeam
PricingStrategy
ProductPortfolio
Export
BuildValue
The Start Up Journey
Sharing
Channels
Analytics
Big Data
Source: Chris Farranceⓒ 2016
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Medical
Business Support B2C
Source: Future 50 2016/Mass Challenge 2015
Fintech
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PEOPLE
Skills
Experience
Commitment
MARKET
Size
Reach
Competition
PERFORMANCE
Traction
Sales
Cashflow
Returns
Pitch Assessment Criteria
Source: Derived from Kabbee
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Passion Careers
Causes Jobs
Commitment
ExtrinsicIntrinsic
Compliance
Unauthentic Best
Repetition isnot expertise
Traditional Educationflawed
It’s not try harder,it’s try different
Repetition is notexcellence
Social Values
Individualism
Independence
Co-Creation
Growth Mindset
Plasticity
Soft Power
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1.External Forces
2. The Third Wave
3. Today’s
People
4. Tomorrow’s Businesses
5. You
& I
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Tough Minded Optimism
“The future is not shaped by people who don’t
really believe in the future.
Rather, it is created by highly motivated
people, by enthusiasts, by men and women
who want something very much or believe
very much.’’
John Gardner