Purposeful Growth in the Age of Consolidation · Purposeful Growth in the Age of Consolidation Tom...
Transcript of Purposeful Growth in the Age of Consolidation · Purposeful Growth in the Age of Consolidation Tom...
Purposeful Growth in the Age of Consolidation
Tom Field, PhDEngler Agribusiness Entrepreneurship Program
University of Nebraska
Empowering people in the courageous pursuit of their purpose!
engler.unl.edu
What story from the past year is the best descriptor of your organization?
What’s your desired legacy?
Relationships Processes Relevancy
Front of houseefforts
Back of house efforts
Supply Chain Partners
Four Imperatives
Farmer Owned
Disruptive Trends
Big Data
Technology
Changing Demographics
Markets
Societalshifts
Future
Sensing
IoT
Geo -Positioning
Data Analytics Automation
IntegrationMonitoring –
aerial & ground
Automation
Analysis & Decisions
Capability creation
Innovate process & product & markets
Resource Utilization
Adapted from Leu, et al. Stanford Univ.
21
60
Centennials (Gen Z)
Millenials(Gen Y)
Gen X Boomers Mature
Born: 1997 to present 1979-1996 1965-1978 1946-1964 Prior to 1964
# S 79.4 million 65.7 million 75.5 million 55 million
Externalities Unceasing volatility
Booms and Busts
Stagnation Post-war Boom Global Crisis
Personality Pragmatic Authentic Self Reliance Individualistic Duty
Work My Terms Fluid Challenging Birthright Contract
Philosophy Be You You Live Once On Your Own Fountain of Youth The American Way
Technology Cloud, IOT, AI Digital Junkies Tools to Advance
Requirement to stay in game
Connections
Age Distribution of Farm Principal Operators
0.06
0.1
0.22
0.29
0.21
0.12
0
0.05
0.1
0.15
0.2
0.25
0.3
0.35
< 34 35-44 45-54 55-64 65-74 >75
2 x more farmers over 65 than under 45
Half of your clientswill likely exit the business by2030
Do our current systems, protocols, services and capabilities align with future customer needs?
1. Exceptionally well2. Reasonably well3. The gap concerns us4. We don’t have enough information to
answer with confidence
By 2050……
65%
Which disruptions make
me uneasy?
Which disruptions
create opportunty?
US
THEM
THEM
US
Size/complexity come at a price:
Less responsive & agileLess clear communicationSilos are harder to avoidFocus driftsExecution suffers
“Strategy is about making choices, trade-offs. It’s about deliberately choosing to be different.”Michael Porter
WHYHOW
WHAT
Nimble
SolutionsDriven
Recover Quickly from Mistakes
Identify Critical Issues
Transparency is Norm
Utilize Full Talent and Experience Spectrum
Get Smarter Over Time
People (especially leaders) Learn From Each Other
Adapted from:The AdvantageLencioni
Healthy Organizations Capable of DrivingInnovation
More like?A B
“Forget the giants. (More or less.)
Economic excellence is largely built more upon a hearty base of middle-sized superstars.”
Tom Peters
Leadership
Community
RelationshipsCulture
Passion
Profit
Profitable Small Giants
BIW
How + Why > What
Relationships
FlexibleCreative
Unconventional
Intentional
Building cultureDon’t misread it as soft and squishy – it’s about:AccountabilityAdult conversationsActive discovery through debate and experimentation End of the day:
CULTURE DRIVES RESULTS
What if we started from
scratch?
What if we build the best
company in the world?