7 trends that will disrupt your business in 2017
- 2. Seven Disruptive Business Trends for 2017
• Careers Stall
• Millennials Look for New Career Opportunities
• Teams Play an Increasing Role in Achieving Results
• Digital Transformation Becomes Reality
• Growing Your Business with Advanced Analytics and Cognitive Technologies
• Global Competition Drives You Out of Key Markets
• Increasing Regulation, Transparency, and Compliance Impact Your Business
- 3. Train people well enough so they can leave, treat them well enough so they don't want to.
- Richard Branson
- 4. Careers Stall
• By 2022, nearly 25% of people 70 to 74 will be working — double the figure
in 1992.
• Limited upward mobility has younger workers migrate to startup and
midmarket organizations to reignite their careers.
• Four generations of workers in the workplace requires managers to spend
more time dealing with limited value activities.
• Shortage of new technology skills requires more agile compensation and
employee development plans.
- 5. Millennials Look for New Career Opportunities
• Two in three Millennials expect to leave their jobs by 2020.
• Nine in ten (87 percent) believe that “the success of a business should be measured
in terms of more than just its financial performance.”
• Only 16 percent of Millennials see themselves with their current employers a decade
from now.
- The 2016 Deloitte Millennial Survey
Winning Over the Next Generation of Leaders
- 6. The strength of the team is each individual member. The strength of each member is the
team.
- Phil Jackson
- 7. Teams Play an Increasing Role in Achieving Results
• Fifty-four percent of respondents indicated that they spend up to 30% of their day
in a team setting.
• Another 34% spend as much as 50% of their time working in a team setting.
• Yet 42% responded that they rarely, if ever, receive any training to get their teams
off to the right start.
• Only 3% of respondents admitted to a lack of confidence in their ability to lead a
team—despite the obvious lack of training on the part of their organizations.
- Ken Blanchard Companies
The Critical Role of Teams
- 9. How Organizations Use Teams
• To handle special projects - 84%
• As department teams - 74%
• For internal systems innovation - 74%
• For customer service innovation - 51%
• For product innovation - 48%
• For employee development issues - 37%
• To reduce time to market - 21%
- Ken Blanchard Companies
The Critical Role of Teams
- 10. Why Do Teams Fail?
• Ineffective communication - 66%
• Lack of effective chartering - 56%
• Lack of clarity/understanding of roles - 47%
• Keeping morale/momentum high - 44%
• Keeping productivity high - 42%
• Lack of trust - 36%
Ken Blanchard Companies
The Critical Role of Teams
- 11. Digital Transformation Becomes Reality
• Are you leveraging technologies to enhance your customers' experience?
• How quickly can your organization adapt, change, and innovate?
• Is your organization ready to embrace a remote workforce?
• Does digital transformation align with your business strategies?
• How does the Internet of Things change your organization?
- 12. Silicon Valley is coming and if banks don’t up their game, then tech companies will take over
the industry’s business.
There are hundreds of startups with a lot of brains and money working on various
alternatives to traditional banking.
- Jamie Dimon, CEO, J.P. Morgan
- 13. Growing Your Business with Advanced
Analytics and Cognitive Technologies
• How much do you know about your key customers, partners, and
competitors?
• Are you able to change the way you work with customers in your markets by
embracing advanced analytics?
• How is cognitive computing going to change how you grow, manage, and
lead your business?
• How will you decide where to invest your time and resources for optimal
results?
- 14. Great discoveries and achievements invariably involve the cooperation of many minds.
- Alexander Graham Bell
- 15. Global Competition Drives You Out of Key
Markets
• How much do you know about your internal cost structures?
• Do you know which customers are your best, and why?
• How do you decide where to invest your capital to get a stronger ROI?
• Do your financial systems help you identify risk as well as potential
opportunities?
- 16. In today’s era of volatility, there is no other way but to re-invent. The only sustainable
advantage you can have over others is agility, that’s it. Because nothing else is sustainable,
everything else you create, somebody else will replicate.
- Jeff Bezos
- 17. Increasing Regulation, Transparency, and
Compliance Impact Your Business
• Is your business able to grow in an age of increasing government regulation?
• How much does it cost your organization to become more transparent with
customers and government agencies?
• Are your financial systems set up to help you decide what markets you
choose to compete in?
- 18. Want to know more about disruptive trends? You might enjoy our blogs
Developing Serving Leaders and Market Leadership Journal.
If you’re looking for help recruiting and building a great team, contact me at
440-293-8811 or tbraden@marketleadership.net