Are you in the right frame of mind to cope with the future? Here's what should be driving your leadership agenda.
- Transformational thinking abounds. Analytics is hot, for example: I outline in my "What comes next" document seen to the right, why we need to think GoogleCar, iPlane, or WalMart Hip Replacements!
- It's all about growth. Food production must double in 20 years to keep up with population demand. New billion-dollar markets are appearing everywhere, due to new scientific discovery and demographic change. While some organizations are managing for short term crisis, smart leaders stay focused on growth.
- Time to market and hyperinnovation rules! R&D cycles have collapsed ; consumer choice evolves at furious rates. Hyper-innovation will come to challenge your ability
to keep up with changing expectations
- Increasingly short product lifecycles. Expect nano-lifecycles to become the norm for most products and services -- and that you will be measuring product lifecycles in months rather than years
- Massive skills specialization. Increasing specialization
will come to challenge your ability to compete - which might mean
that you'll increasingly have to "go narrow"
- Skills agility defines success. Expect that
a skills shortage might make this an even bigger challenge --
how will you source the talent in a world in which specialized
talent is becoming ever more scarce?
- The hollow company. Organizations are hollowing out -- and you might not be ready for the impact that comes from these smaller, faster, more nimble competitors.
- Agility and operational excellence is key.
Short term decisiveness has become critical -- yet you are likely
still suffering from aggressive indecision. Todays' survivors
focus on agility and how to get things done.
- Reinvention rocks. The Goggle Car, personalized
medicine, upside down innovation in retail: these are just a
few of the big, transformative trends that are changing industries today.
Change today is seismic, massive, and far reaching -- no one is
immune. Long term insight is one of the most
important corporate cultures to re-establish, and yet so many
are lacking an understanding of 'what comes next.'
- Innovation rules. You can't face a fast future with an old culture. Tomorrow's winners are aggressively flattening today, putting in place the collaborative team that will define their success tomorrow.
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