Managing Risk and Making Magic for Customers - conference keynote speaker Patrick Dixon for WeDo
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Transcript of Managing Risk and Making Magic for Customers - conference keynote speaker Patrick Dixon for WeDo
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Dr Patrick Dixon Chairman Global Change Ltd Fellow, Centre for Management Development, London Business School
TheFutureofAlmostEverythingmanagingriskandcrea9ngmagicforcustomers
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Ins9tu9onalBlindness-beyonddata
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Complexity and scale create risks
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Title Text
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Benchmarking is toxic to risk
management and customer service
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Panama
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LawsuitswillbefarlargerthanFines
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Strategies often overtaken by events World can change faster than you can hold a board meeting
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Agility
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Risk that 2 people in 10 have same birthday
10%
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Risk that 2 people in 10 have same birthday
10%
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Risk that 2 people in 23 have same birthday
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Risk that 2 people in 23 have same birthday
50%
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Risk that 2 people in 70 have same birthday
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Risk that 2 people in 70 have same birthday
99.99%
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Yet many trends changing more slowly
than people think
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Cash growing - bank branches continue -
music, fashions, food - homes look the same,
where are all the robots?
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Robots in Factories only 7% pa
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What is the future of the global
ECONOMY
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WGP2005-2014(%,constantprices)
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VietnamGDP1985-2011
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$3.4trillion
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$2.4trillion
Reserves
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One word will dominate ALL
FUTURE
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The future is aboutEMOTION
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REPUTATION
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85% of world population will be living in emerging
markets in 10 years
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1 billion will migrate over next 30 yearsspend on infrastructure in 30 years greater
than in all previous previous history
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Science,technology
engineering,maths
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MostSTEMgraduatesinemergingmarkets
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ChinaandIndiadominate
STEMdegreesincludingpost-graduate/PhDs
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Europe Dying 4 couples to produce single great-grand child
1 million over 90 year olds in Italy in 12 years time
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!63
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Life expectancy will grow much
faster than forecast
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1weekevery4
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Repair Heart / Brain / Eyes with stem cells
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Slow or no ageing is a reality
Rockfish, Turtles, some Whales
No signs of getting old
Rougheye rockfish (Sebastes aleutianus) 205 years Aldabra Giant Tortoise 255 years Lobsters are believed to live 100 or more years Ocean Quahog clam 405 years
Some animals do not age in normal way
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TRIBES
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TEAMS
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GROUPS
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FRIENDS
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1trillionpagesamonth
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People love Cities and Offices
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Teleworking Only 2.5% of US workers are exclusively home-based 60% UK office workers have opportunity to work from home regularly - but few take it (during office hours)
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90% all global data generated in last 2 years
Sales of canned food in Mexico store = demand for more steel tins in China
Big Data
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Little Data often matters
most
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Creating magic for clients often costs
NOTHING
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missing you
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Night Flight or Day Flight Going out or coming home? work, food,
drink, chat, party, unwind, dark, quiet, sleep, leave
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Customerinsightearnsyoutherighttowhisperadvicealongthejourneyoflife
End of Marketing
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Globalised+BarriersProblemofScale
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VW mega platformVWMegaPla]orm-basisfor1mcars
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World too small for more than:2 airline manufacturers
3 mobile operating systems10 large pharma
5 large auto companies
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Multi-product assembly lines
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Self-diagnosing and healing
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3D scans - 3D printing
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11%wageinfla_oninChinain2013-2015
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NearshoringBoom
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AcrossEU,10grocerscapture50%ofsales
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Most online sales will be MOBILE
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Loca_onMarke_ng
isnextBIGTHING
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Over4000roadhauliersinEU
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Goldstandard:
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106
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Internet of Things
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$12bn security and controlhome automation market by 2018
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250millionwearabledevicesby2023
$20bnto$70bnby2025
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1.7bnmobileusers-nobankaccount Kenya-17mcustomersusemPesa $9bnpa->33%GDP
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1.7bnphoneusersareunbanked
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80% global bandwidth will be video by 2018
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TELCOSbecomevideotransmieers
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Free mobile devicescalls / web / TV / games / payHigher income model
201020132015
TelcoBanks
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Time at bank teller cut from 4 to 1 minute
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Banks and Telcos need
each other to make MAGIC
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WebofThings-BigData-Cloud180bnspamemailsaday
600mnewviruses,malware,trojansayear>220mpeoplesdetailslostinsingleaeack70%largecorpora_onshavebeenhacked
100,000aeacksanhouronUSNavyParalysisofEstoniagovernmentin2007
WorriesaboutUS,Russia,Chinapenetra_onofweb/cloudfollowingPrism
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$40 Trillion Green Tech Boom driven by oil price, cost cuts, green activism
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Shale gas 33% US supplies
3.3m US jobs $468bn pa + more oil
produced than Saudi by 2020
200 years global supply Up from 60 years in 5 years
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Expect large energy and commodity
booms and busts over 30 years
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120,000 terawatts of sunlight /day 7,000 times total global power use Power Moscow from Libyan Desert
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75% global growth in green energy is in China
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120,000 terawatts of sunlight /day 7,000 times total power useQUEBECfromARIZONAMOSCOWfromSAHARA
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SolarCells$/wae1990-2015
subsidies
PriceParity
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ManagingPeakGenera_on InJune2013electricitypricesinGermanybecamenega_ve-EU150/MWhr
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Beyond Compliance
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do things you really believe in LifeisShort
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AllleadershipcomesfromVISIONofabeeerfuture
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BuildingaBeeerWorld
MakingBusinessMagicmeansPartnershipandCollabora9on
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Dr Patrick Dixon Chairman Global Change Ltd
globalchange.com15millionvisitors
5millionvideoviews
http://globalchange.com