Insights 2015 - Adaption, Agility and Change from Michalangelo to Google - Paul Voss
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This document discusses how resources and technologies that were once scarce can become abundant through innovation and adaptation. It provides examples like aluminum, which was scarce for 1800 years until an electrical process was developed to extract it from bauxite, and shale oil/gas, which has become abundant due to horizontal drilling and fracking. The document also discusses disruptive technologies and how industries must adapt to paradigm shifts like digitization. It emphasizes the importance of skills like general intelligence, leadership, humility and grit for thriving in times of change.
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Insights 2015 - Adaption, Agility and Change from Michalangelo to Google - Paul Voss
- 1. Adaptation, Agility, and ChangeAdaptation, Agility, and Change Paul J. Voss, Ph.D.
- 2. #WBInsights15 Emperor Tiberius (14-37 AD) and Scarcity • Pliny the Elder (23-79 AD) • Shiny New Metal • Precious/Valuable • Afraid of Lost Power • Beheaded the Goldsmith • Aluminum Lost to Civilization for 1800 Years
- 3. #WBInsights15 “Resource-Liberating Mechanism” • Fast Forward to1886 • Frenchmen Hall-Heroult • Electricity to “Liberate” Aluminum from Bauxite • Scarcity into Abundance • Transformational • Game Changer • Now Cheap and Widely- Available
- 4. #WBInsights15 Scarce vs. Abundant Resources • Shale Oil/Natural Gas • Horizontal Drilling • “Fracking” • Controversial • Huge Resource • 100 Year Supply? • Energy Independence?
- 5. #WBInsights15 The Internet: The Greatest Invention Ever? • Huge Paradigm Shift • New Skills • Life as an “Open Book Test” • Digital Data • Exabyte= • 1,000,000,000,000,000,000 • Pre-history-2002: 5 Exa. • 2003-2010: 5 Exa. every two days • 2013: 5 Exa. every 10 mins! • Opportunity and Challenge
- 6. #WBInsights15 Cell Phones vs. Toilets • 6 Billion Cell Phones (75% penetration) • 3 Billion “Smart Phones” in 2016 • Unparalleled Access to Information • Implications for Education, Environment, Health, Agriculture, Business, Society, the World • Disruptive Technology
- 7. #WBInsights15 What vs. How The New Battleground
- 8. #WBInsights15 How: Why HOW we Do Anything Means Everything
- 9. #WBInsights15 How to Resist Commodification: The Realm of Human Behavior • There is one area that cannot be commoditized . . . The realm of human behavior---how we do what we do. When it comes to how you do what you do, there is tremendous variation, and where a broad spectrum of variation exists, opportunity exists. The tapestry of human behavior is so diverse, so rich, and so global that it presents a rare opportunity to outbehave the competition and create enduring value.
- 10. #WBInsights15 Change Happens: Caught in the Paradigm Shift • Move to Digital, Mobile, Personal. • One Method Replaces Another • Requires Pro-Active Leadership • What Industry is Next?
- 11. #WBInsights15 The Death Spiral For Kodak • Digitization • Deception • Disruption • Demonetization • Dematerialization • Democratization
- 12. #WBInsights15 The Innovator’s Dilemma (1997) • Clayton Christensen (b. 1952) • Degrees from BYU, Oxford, Harvard • Successful Consultant • Professor Harvard Biz School • A Student of both Theory and Practice
- 13. #WBInsights15 Sustaining Technologies • Can be , continuous, discontinuous or radical in nature • All ST improve the performance on “established” products • Majority of Innovations are Sustaining in Nature • Better, Faster, Cheaper • Free Market
- 14. #WBInsights15 Disruptive Technologies • Innovation that initially result in worse product performance • Lower Margins • No Defined Market • Current Customers do not want • Cheaper, Simpler, Smaller
- 15. #WBInsights15 UBER Transportation Service: The Demand Economy • Most Valuable ($50 billion) Transport Company • Owns No Vehicles • 20% Cut • $200M in 2012 • $2B in 2013 • $5B in 2016
- 16. #WBInsights15 “The Demand Economy” “The Experience Economy” • Agricultural Revolution (3000 Years) • Industrial Revolution (300 years) • IT Revolution (30 Years) • Agricultural Econ • Manufacturing Econ • Service Econ • Experience Econ
- 17. #WBInsights15 Baby Boomers Defined • US Census Bureau: Born Between 1946-1964 • 77 Million Babies Born • First wave of significant retirees in 2013 • Massive Shift in Resources and Social Security • 10,000 retire each day 17
- 18. #WBInsights15 Career Defined ca∙reer k -΄rir n [fr. ML carraria road for vehicles]ə •1a: speed in a course <ran at full ~ > b: COURSE, PASSAGE •2: ENCOUNTER, CHARGE •3: a field for or pursuit of consecutive progressive achievement •4: a profession for which one trains and which is undertaken as a permanent calling <a ~ in medicine> <a ~ diplomat>
- 19. #WBInsights15 Henry David Thoreau (1817-1862) On Walden Pond • “The mass of men live lives of quiet desperation” • Leadership? • Employee Engagement?
- 20. #WBInsights15 Satisfied in Your Career? • Gallup Poll June 2013 • 70% of workers either “hate” their job or “actively disengaged” • 30% “committed to and deeply involved with” their place of employment. • Conclusions? • What’s Your Engagement Score? 11
- 21. #WBInsights15 19 August 2004: Google IPO A Moment of Adaptation • 79,742 Word Epistle • “Delivering Relevant Information on Any Topic” • 2000 Employees then; 52,000 Employees now • $3.2B/$66.7 Revenue • “The Mobile Web”
- 22. #WBInsights15 How To Get A Job at Google? How to Create a Legacy? • Laszlo Bock (SVP People Operations) • Work Rules! (2015) • 14% without a degree • Not fixated on GPA, School, or Expertise • Desire General Intelligence, Leadership, Humility, and Grit.
- 23. #WBInsights15 Necessary Skills: High General Intelligence • Cognitive Horsepower • Mental Agility • Critical Thinking • “Google Exam Questions”
- 24. #WBInsights15 Necessary Skills: Leadership • Proactive • Self-Starter • Engaged • Listening Skills • Curious • Enthusiastic • Dependable
- 25. #WBInsights15 Necessary Skills: Humility • “Big Ego and Small Ego” in the same person • Willing to incorporate new data • Willing to modify a position • Not a fixed ideology
- 26. #WBInsights15 Necessary Skills: Grit • Sand or Gravel • Coarse and Abrasive • Dirty • Old Fashioned • Throwback
- 27. #WBInsights15 Grit: A Crucial Ingredient • “The tendency to work strenuously toward challenges, maintaining effort and interest over the years despite failure, adversity, and plateaus in progress” • Resilience • Perseverance
- 28. #WBInsights15 Are You a Gritty Person? Are You Part of A Gritty Company? • Hard Work • Determination • Perseverance • Resiliency • Fortitude • Will Power • Goals
- 29. #WBInsights15 A Profile of Resiliency • 7 Parents forced out of home; found job to help support his family • 9 Mother dies • 22 Business failure and bankruptcy • 23 Ran for state office and was defeated • 23 Lost job. Applied for law school. Rejected. • 24 Borrowed money from a friend to start a business. Lost it all by the end of the year. Spent the next 17 years paying off the debt. • 25 Ran again for state legislature and this time won. • 26 Engaged to be married. Fiancé dies and suffers a broken heart. • 27 Total nervous breakdown; remained in bed for six months. • 29 Sought to become speaker of state legislature and was defeated • 31 Sought to become elector and was defeated • 34 Ran for US Congress and was defeated • 37 Ran for US Congress and won. Went to Washington D.C. and did well. • 39 Ran for re-election and lost. • 40 Sought the job of state land officer and was rejected • 45 Ran for Senate of the United States and lost • 47 Sought the VP nomination for his party; received fewer than 100 votes. • 49 Again ran for US senate and again lost the election • 51 Ran for, and was elected, president of the United States.
- 30. #WBInsights15 We Tend to Celebrate those who Did Something First
- 32. #WBInsights15 John Landy • Ran in “The Miracle Mile” • Second person to break the 4:00 mile • Set a world record of 3:57.8 in 1954 • Become an admired public servant
- 33. #WBInsights15 Questions for Reflection: Intelligence, Leadership, Humility, and Grit • Which area do you need to focus on? • Which area does your firm need to focus on? • What others areas might present opportunities and challenges?
- 34. #WBInsights15 Review and Assess: Ben Franklin’s Autobiography (1791) • Heart Burn Issue? • Low Hanging Fruit? • Crucial Conversation? • Missing Conversation? • Motivation • Priorities?
- 35. #WBInsights15 Lewis and Clark Expedition • Amazing Voyage • Stunning Success • Depart 14 May 1804 • Return 23 Sept 1806 • National Recognition and Fame • Created a New understanding of Nation
- 36. #WBInsights15 12 August 1805 • Lewis Finds Headwaters of the Missouri River • Reaches the Continental Divide. Stunning Disappointment • No Northwest Passage • No Trans-Continental River • The “Geography of Hope” clashing with the “Geography of Reality”