Replacement Economy Prod & Innovation

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Transcript of Replacement Economy Prod & Innovation

Banff ▲ Brussels ▲ Singapore

www.banffexeclead.com

Strategy & Leadership for The Replacement Economy

Incl. Innovation & Productivity

1. Today’s Replacement Economy Factors

2. Strategy for Sustainability

3. Leadership for Innovation and Productivity

4. Conversation

Today’s Session

Facets of the Replacement Economy

Replacement

Economy

Increased Price of

Oil/Energy

Int’l Competitors China/India/

Korea/ S America

End of Colonialism & ↑

Developing

World Salaries

Increased Quality &

Durability of Goods

New Mkt Entrants

Rise of Internet Business

Increased Debt levels of

Countries, Co’s & Individuals

Wealth Consolidation [The Top 1%]

Population Pyramid

Inversions

Global Water

Shortages

Population Dynamics

Policy Impacting Population Dynamics

Disposable Income & Wealth Concentration

Government, Corporate, Household Debt

Water Table & Aquifer Depletion

Water Table & Aquifer Depletion

Improved Durability & Quality

Oil Scarcity & Price

Strategy for Sustainability

1. Systems & Network Thinking

Relative Orders of Magnitude of

Decisions/”Tweaks” are critical

Strategy for Sustainability

2. Understand Varied Impacts/Conditions for Your Org./Region

Strategy for Sustainability

3. Dialogue, Trade-offs & Policy/Priority Setting

I.e. Fresh Water Priorities

Strategy for Sustainability

4. What do you STOP Doing?

Leading for Innovation & Productivity

30%

70%

Leading for Innovation & Productivity

Leading for Innovation & Productivity

Zero-Sum World & New Consumer

?

Leading for Innovation & Productivity

Innovation for Value Creation

Authentic: IP, Unique Applications,

Natural Resources,

Strengths (i.e. Nano-tech related to pipeline coatings)

Leading for Innovation & Productivity

Hardware vs. Software vs. Combined

Leading for Innovation & Productivity

Products vs. Experiences

Leading for Innovation & Productivity

Productivity for Sustained Profits &/or

Improved Std of Living

Rank Country GDP (PPP)

per hour 2013

1 Norway 75.14

2 Luxembourg 73.22

3 United States 67.32

4 Belgium 60.98

5 Netherlands 60.06

6 France 59.24

7 Germany 57.36

8 Ireland 56.05

9 Australia 55.87

10 Denmark 55.75

11 Sweden 55.28

12 Austria 54.83

13 United Kingdom 51.38

14 Canada 50.29

15 Iceland 50.01

16 Switzerland 49.88

17 Spain 49.59

18 Finland 48.79

19 Barbados 46.19

20 Italy 45.04

21 Japan 43.77

22 Singapore 41.46

23 Hong Kong 41.30

24 Trinidad and Tobago 40.04

25 Taiwan 39.97

26 Slovenia 39.78

27 Israel 38.99

28 New Zealand 36.83

29 Malta 36.02

30 Slovakia 33.44

Leading for Innovation & Productivity

From: Conference Board

2013 Global Innovation Index

Canada’s Productivity Growth

GDP (PPP)/worker:0.6% Rank: 91st

Leading for Innovation & Productivity

Revisit Fundamentals:

1. People: Focused, Motivated, Effective – Add Value? 8Hr Day?

2. Organization Design – Customer/Service-focused deployment

- Form follows Function?

3. Compensation & Reward Design – Full Perf Mgt

4. Technology & Interfaces – Enhance human creativity & capacities

5. Executive Facilitation

6. LEAN, 6-Sigma, LEED – Driven by Outcomes/Vision

How might you Measure Productivity in the Public Service?

Leading for Innovation & Productivity

From: “Beware the Busy Manager” – Bruch & Ghoshal – HBR Feb 2002

Focus

Energy High

High

Low

Purposeful

10% (Focused)

Distracted

40% (Busy)

Disengaged

20% (Exhausted)

Procrastinating

30% (Checked-out)

Focus = Concentrated attention on goals, outcomes, results

Energy = Vigor fueled by intense personal commitment & initiative

Leading for Innovation & Productivity

Replacement Economy Summary

2008 – 2012 – 2015 +

The New Normal?

• Revised Strategy

• Innovation & Productivity

Leadership

Workshop Conversation

What ideas has this session stimulated for your Strategy and Leadership in your organization?

How might role of government and policy-making respond to the reality of the future Replacement Economy?

What traditional business/industry might you want to replace in your jurisdiction – and with what area of new focus?

Phone: 403.762.5100

Email: info@banffexeclead.com

Suite 100, 201 Spring Crescent

P.O. Box 4870 Banff, Alberta, Canada, T1L 1G1

Thank you

www.banffexeclead.com