Managing the future Capitalizing on the Driving Forces of Change - - PowerPoint PPT Presentation

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Managing the future Capitalizing on the Driving Forces of Change - - PowerPoint PPT Presentation

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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

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Managing the future

Capitalizing on the

Presented by Robert B. Tucker EskoWorld 2019

Innovation Resource Consulting Group Nashville, Tennessee, June 24th, 2019

Driving Forces of Change

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DRIVING FORCES OF CHANGE TECHNO-TRENDS TRENDS FADS

Duration and Impact

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DRIVING FORCE of change: AGE OF ACCELERATION

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Ac Act Ahead Lo Look Ahead Th Think Ah Ahead ad

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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

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Industry 1.0 1700s

Mechanization, Steam Power, Weaving Loom

Industry 2.0 1800s

Mass Production, Assembly Line, Electrical Energy

Industry 3.0 1900s

Automation, Mainframes, and Electronics

Industry 4.0 TODAY

5G, A.I., Internet of Things, Global Supply Chains

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the 2nd Industrial Revolution the 4th Industrial Revolution the 3rd Industrial Revolution the 1st Industrial Revolution

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Moore’s Law is driving the 4th Industrial Revolution

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LINEAR VS. EXPONENTIAL change

Human Adaptation time We are Here Can we go back here? Moore’s Law Rate of change

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Source: Babson Olin School of Business

“In 10 10 years, over 40% 40% of the

FORTUNE

will N0 LONGER be around.”

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Source: Professor Richard Foster, Yale University

“In 10 years, more than three fourths of the S&P 500 will be companies that we have not heard of yet.”

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Source: Bureau of Labor Statistics

Over the next 10 years…

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Travel Agents Taxi Driver Switch- board Operators Publishers File Clerks Printers Data Entry Keyers Locomotive Firers Home Appraisers Parking Enforcement Workers Computer Operators

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Solutions Architect Data Scientist Solar Panel Installer Wind Turbine Technician Product Designer Enterprise Account Executive Customer Success Manager Genetic Counselor Home Health Aids

these jobs will add millions of workers

Source: Bureau of Labor Statistics and Linked In

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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.

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Source: McKinsey

“Currently demonstrated technologies could automate 45 percent of the activities people are paid to perform today.”

Source: McKinsey Global Institute 2017

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As automation impacts the pharmacy profession, pharmacists will need to rethink how they add value.

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LOOK AHEAD PRINCIPLE

Track trends and try out ways of experiencing the future, such as these age simulation suits.

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What’s the view

  • ver the breakfast

table going to be? LOOK AHEAD PRINCIPLE

Foresight is a Learned

  • Behavior. Think 10 years
  • ut and work backwards.
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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.

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Lo Look Ahead

Th Think Ahead of th the cur urve

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Innovation Design Team at Viva Mobile, Bahrain

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What were they thinking?

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Businessweek most innovative companies 2006

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INNOVATION BARRIERS, 2006

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Legacy business slows change Operational mindset dominates Large corporation syndrome Short- term focus Little budget freedom to experiment Lack of time to work on new ideas We are a risk averse culture Resource constraints

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What were they thinking at radio shack?

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DISRUPT YOURSELF!

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Fortify your idea factory

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Opportunity mode Dreamer mode Sustainer mode defeatist mode

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SCHEDULE A DOUG DAY

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Assault your assumptions

Ask a different question Look for a 3rd option Study examples from history Invite

  • thers to

think big Become aware of your own assumptions

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HOW PELOTON THINKS

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Lo Look Ahead Th Think Ah Ahead ad

Ac Act Ahead d of the curve

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Product Process Strategy Breakthrough Substantial Incremental

YOUR COMPANY’S INNOVATION ROAD MAP

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To Cross-Functional Teams To Breakthrough Ideas To Risk-Taking Cultures To Systematic Innovation To Everybody’s Business From Operating in Silos From Incremental Ideas From Risk-Adverse Cultures From Operational Focus From Innovation as Dept.

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INNOVATING HOW WE INNOVATE

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INNOVATION IS EVERYBODY’S BUSINESS

Obligation? Or Opportunity?

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Innovation isn’t something you do after you get your work done. It’s how you approach your work.

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You can innovate in any job, department, or organization.

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Don’t wait for others to ask you to innovate.

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Innovation is figuring out how to add value where you are.

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Innovation isn’t just having ideas, it’s about taking action on your ideas.

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Twitter: @RobertBTucker

For More Information: Robert B. Tucker, President The Innovation Resource (805) 682-1012

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