Managing the future Capitalizing on the Driving Forces of Change Presented by Robert B. Tucker Innovation Resource Consulting Group EskoWorld 2019 Nashville, Tennessee, June 24 th , 2019
FADS TRENDS TECHNO-TRENDS DRIVING FORCES OF CHANGE Duration and Impact 2
DRIVING FORCE of change: AGE OF ACCELERATION 3
Lo Look Ahead Th Think Ah Ahead ad Ac Act Ahead
LOOK AHEAD PRINCIPLE The further backwards you can look the farther forward you can see. 1440: Johann Gutenberg invents the printing press and sets off a revolution 5
the 3 rd Industrial Revolution the 4 th Industrial Revolution the 2 nd Industrial Revolution the 1 st Industrial Revolution Industry 2.0 Industry 1.0 Industry 4.0 Industry 3.0 1700s 1800s 1900s TODAY 5G, A.I., Mechanization, Mass Production, Automation, Internet of Things, Steam Power, Assembly Line, Mainframes, and Global Supply Chains Weaving Loom Electrical Energy Electronics 6
Moore’s Law is driving the 4 th Industrial Revolution 7
LINEAR VS. EXPONENTIAL change Moore’s Law Rate of change We are Here Human Adaptation Can we go back here? time 8
10 years, over 40% 40% of the “In 10 FORTUNE will N0 LONGER be around.” 9 Source: Babson Olin School of Business
“In 10 years, more than three fourths of the S&P 500 will be companies that we have not heard of yet.” Source: Professor Richard Foster, Yale University 10
Over the next 10 years… Data File Entry Clerks Home Keyers Appraisers Travel Taxi Agents Driver Parking Printers Enforcement Workers Switch- board Computer Publishers Operators Operators Locomotive Firers 11 Source: Bureau of Labor Statistics
these jobs will add millions of workers Solutions Customer Product Architect Success Designer Manager Data Genetic Scientist Home Counselor Health Aids Wind Solar Enterprise Turbine Panel Account Technician Installer Executive 12 Source: Bureau of Labor Statistics and Linked In
TH THE 3 A’S S OF AUTO UTOMATI TION, ANALYTI TICS S AND AR ARTIFI FICI CIAL AL INTEL ELLIGEN ENCE CE WILL tran ansfo form th the workpl place OVER TH THE NEXT T DECADE. 13
“Currently demonstrated technologies could automate 45 percent of the activities people are paid to perform today.” Source: McKinsey Source: McKinsey Global Institute 2017
As automation impacts the pharmacy profession, pharmacists will need to rethink how they add value. 15
LOOK AHEAD PRINCIPLE Track trends and try out ways of experiencing the future, such as these age simulation suits.
LOOK AHEAD PRINCIPLE Foresight is a Learned Behavior. Think 10 years out and work backwards. What’s the view over the breakfast table going to be? 17
th those se who manage th the futur uture ar are e the e ones es who will inher erit the e fu future. e. 18
Lo Look Ahead Th Think Ahead of th the cur urve 19
Innovation Design Team at Viva Mobile, Bahrain
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What were they thinking? 22
Businessweek most innovative companies 2006 23
INNOVATION BARRIERS, 2006 We are a Legacy Operational Short- Lack of time Large Little budget Resource risk business mindset term to work on corporation freedom to constraints averse slows dominates focus new ideas syndrome experiment culture change 24 Source: TIR Survey of Nokia High Potential Leaders
What were they thinking at radio shack?
DISRUPT YOURSELF! 26
Fortify your idea factory 27
Dreamer Sustainer mode mode defeatist Opportunity mode mode 28
SCHEDULE A DOUG DAY 29
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Assault your assumptions Ask a Study Look for a Invite different Become examples 3 rd option others to question aware of from think big your own history assumptions 32
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HOW PELOTON 35 THINKS
Lo Look Ahead Th Think Ah Ahead ad Ac Act Ahead d of the curve 36
YOUR COMPANY’S INNOVATION ROAD MAP Product Process Strategy Breakthrough Substantial Incremental 37
INNOVATING HOW WE INNOVATE From Operating in Silos To Cross-Functional Teams From Incremental Ideas To Breakthrough Ideas From Risk-Adverse Cultures To Risk-Taking Cultures From Operational Focus To Systematic Innovation To Everybody’s Business From Innovation as Dept. 38
INNOVATION Innovation isn’t something you do after you get your work done. It’s how you 1 IS approach your work. You can innovate in any job, EVERYBODY’S 2 department, or organization. BUSINESS Don’t wait for others to ask you to 3 innovate. Obligation? Innovation is figuring out how to add Or 4 value where you are. Opportunity? Innovation isn’t just having ideas, it’s 5 about taking action on your ideas. 39
For More Information: Robert B. Tucker, President The Innovation Resource (805) 682-1012 Twitter: @RobertBTucker 40
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