Managing Risk and Making Magic for Customers - conference keynote speaker Patrick Dixon for WeDo

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Body Level One Body Level Two Body Level Three Body Level Four Body Level Five Dr Patrick Dixon Chairman Global Change Ltd Fellow, Centre for Management Development, London Business School The Future of Almost Everything managing risk and crea9ng magic for customers

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

  • Ins9tu9onalBlindness-beyonddata

  • Complexity and scale create risks

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  • Benchmarking is toxic to risk

    management and customer service

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  • Panama

  • LawsuitswillbefarlargerthanFines

  • Strategies often overtaken by events World can change faster than you can hold a board meeting

  • Agility

  • Risk that 2 people in 10 have same birthday

    10%

  • Risk that 2 people in 10 have same birthday

    10%

  • Risk that 2 people in 23 have same birthday

  • Risk that 2 people in 23 have same birthday

    50%

  • Risk that 2 people in 70 have same birthday

  • Risk that 2 people in 70 have same birthday

    99.99%

  • Yet many trends changing more slowly

    than people think

  • Cash growing - bank branches continue -

    music, fashions, food - homes look the same,

    where are all the robots?

  • Robots in Factories only 7% pa

  • What is the future of the global

    ECONOMY

  • WGP2005-2014(%,constantprices)

  • VietnamGDP1985-2011

  • $3.4trillion

  • $2.4trillion

    Reserves

  • One word will dominate ALL

    FUTURE

  • The future is aboutEMOTION

  • REPUTATION

  • 85% of world population will be living in emerging

    markets in 10 years

  • 1 billion will migrate over next 30 yearsspend on infrastructure in 30 years greater

    than in all previous previous history

  • Science,technology

    engineering,maths

  • MostSTEMgraduatesinemergingmarkets

  • ChinaandIndiadominate

    STEMdegreesincludingpost-graduate/PhDs

  • 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

  • Life expectancy will grow much

    faster than forecast

  • 1weekevery4

  • Repair Heart / Brain / Eyes with stem cells

  • 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

  • TRIBES

  • TEAMS

  • GROUPS

  • FRIENDS

  • 1trillionpagesamonth

  • People love Cities and Offices

  • 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)

  • 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

  • Little Data often matters

    most

  • Creating magic for clients often costs

    NOTHING

  • missing you

  • Night Flight or Day Flight Going out or coming home? work, food,

    drink, chat, party, unwind, dark, quiet, sleep, leave

  • Customerinsightearnsyoutherighttowhisperadvicealongthejourneyoflife

    End of Marketing

  • Globalised+BarriersProblemofScale

  • VW mega platformVWMegaPla]orm-basisfor1mcars

  • World too small for more than:2 airline manufacturers

    3 mobile operating systems10 large pharma

    5 large auto companies

  • Multi-product assembly lines

  • Self-diagnosing and healing

  • 3D scans - 3D printing

  • 11%wageinfla_oninChinain2013-2015

  • NearshoringBoom

  • AcrossEU,10grocerscapture50%ofsales

  • Most online sales will be MOBILE

  • Loca_onMarke_ng

    isnextBIGTHING

  • Over4000roadhauliersinEU

  • Goldstandard:

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  • Internet of Things

  • $12bn security and controlhome automation market by 2018

  • 250millionwearabledevicesby2023

    $20bnto$70bnby2025

  • 1.7bnmobileusers-nobankaccount Kenya-17mcustomersusemPesa $9bnpa->33%GDP

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    1.7bnphoneusersareunbanked

  • 80% global bandwidth will be video by 2018

  • TELCOSbecomevideotransmieers

  • Free mobile devicescalls / web / TV / games / payHigher income model

    201020132015

    TelcoBanks

  • Time at bank teller cut from 4 to 1 minute

  • 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

  • $40 Trillion Green Tech Boom driven by oil price, cost cuts, green activism

  • 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

  • Expect large energy and commodity

    booms and busts over 30 years

  • 120,000 terawatts of sunlight /day 7,000 times total global power use Power Moscow from Libyan Desert

  • 75% global growth in green energy is in China

  • 120,000 terawatts of sunlight /day 7,000 times total power useQUEBECfromARIZONAMOSCOWfromSAHARA

  • SolarCells$/wae1990-2015

    subsidies

    PriceParity

  • ManagingPeakGenera_on InJune2013electricitypricesinGermanybecamenega_ve-EU150/MWhr

  • Beyond Compliance

  • do things you really believe in LifeisShort

  • AllleadershipcomesfromVISIONofabeeerfuture

  • BuildingaBeeerWorld

    MakingBusinessMagicmeansPartnershipandCollabora9on

  • Dr Patrick Dixon Chairman Global Change Ltd

    globalchange.com15millionvisitors

    5millionvideoviews

    http://globalchange.com