Surviving the future. (Perspectives: Globalization).Originally published in 1998, Patrick Dixon's Futurewise: Six Faces of Global Change outlined the dynamics that would affect business -- and the world -- in the years to come. Recent events have made his insights even more telling. Many CEOs I know are feeling battered and bruised right now. Hit by one event after another, they have little time to regroup re·group v. re·grouped, re·group·ing, re·groups v.tr. To arrange in a new grouping. v.intr. 1. To come back together in a tactical formation, as after a dispersal in a retreat. or reflect. Profit warnings, share price pressures, painful layoffs, and great uncertainties can sweep away Verb 1. sweep away - eliminate completely and without a trace; "The old values have been wiped out" wipe out destroy, destruct - do away with, cause the destruction or undoing of; "The fire destroyed the house" 2. even the most comprehensive strategies. It's easy to lose sight of the bigger picture in the rush to cut costs and conserve cash. Hopefully, you succeed in protecting the business and satisfying shareholders and analysts. But what about the morale and momentum of the senior team? To be a winner in the next three years, you need to use the downturn to reshape for growth, propelled by an unshakable conviction that your mission is still important, that more prosperous times lie ahead, and that in some way your company is helping to build a better kind of world. Your own passion for running the race matters most of all in a downturn, when people are insecure and loyalty is tested. Your corporation's future will be dominated by six factors, or faces of a cube, spelling F U T U R E. So if you are going to cur cur a derogatory term for a mongrel dog. , then cut carefully for healthy, fresh growth, and take the rest of the work force with you with a renewed sense of direction. FAST The world is changing faster than boards can think, so survival means scenario planning Scenario planning or Scenario thinking is a strategic planning method that some organizations use to make flexible long-term plans. It is in large part an adaptation and generalization of classic methods used by military intelligence. before events happen. Market research can't predict the future in a rapidly changing world; it just shows what consumers think. We need bifocal bifocal /bi·fo·cal/ (bi-fo´-) (bi´fo-k'l) 1. having two foci. 2. containing one part for near vision and another part for distant vision, as in a bifocal lens. leadership -- clear, short-range thinking and sharp action -- to steer through the downturn, as well as accurate board-level vision and steady nerves. Look out for the next big wave of techno-change. We are still in the first days of the digital age, and many corporations are distracted by other pressures. Who's watching your radar screen? Where does your board get fresh insights? Who's bringing external perspectives to protect you from institutional blindness? Who's watching your own back? URBAN Big demographic and social lifestyle shifts will impact your business in this new decade, century, and millennium: fickle fashions, ageing but wealthy populations, retired people inheriting trillions of dollars, an aggressive war for top talent, female consumer influence, human cloning Although genes are recognized as influencing behavior and cognition, "genetically identical" does not mean altogether identical; identical twins, despite being natural human clones with near identical DNA, are separate people, with separate experiences and not altogether , medical breakthroughs, and a host of other factors, including the huge untapped challenge of megacity markets in emerging economies. These changes are fundamental to the shape of your business because they will alter how people think and feel. Soft factors may create your greatest new business opportunities. But are your teams gearing up to exploit them? TRIBAL Although the world is increasingly globalized, tribalism is the most powerful force on earth, when a group of people identify only with each other. It's more powerful than nuclear bombs or the combined might of the U.S., Russian, and Chinese military The Chinese Military could refer to two things:
Yet tribalism is a huge positive force. It's the basis of every family and every neighborhood. Tribalism makes us proud to be who we are and gives us national identity. It also affects us through niche branding and product loyalty -- every one of your successful products creates a tribe, and every successful organization is one. Tribalism is the secret of your strongest teams, corporate character, people movements, and product lines. Are you making tribalism work for you? UNIVERSAL The opposite of Tribal is Universal. Globalization globalization Process by which the experience of everyday life, marked by the diffusion of commodities and ideas, is becoming standardized around the world. Factors that have contributed to globalization include increasingly sophisticated communications and transportation reflects the emergence of the global super-brand and huge pressures to manage global operations Global Operations is a first-person shooter computer game developed by Barking Dog Studios and published by both Crave Entertainment and Electronic Arts. It was released in March of 2002, following its public multiplayer beta version which contained only the Quebec map. more effectively, using new technologies and the emergence of virtual teams and companies. The future of Europe will be dominated by conflict between two equal and opposite forces: tribalism is causing many European countries to fragment, and universalism Universalism Belief in the salvation of all souls. Arising as early as the time of Origen and at various points in Christian history, the concept became an organized movement in North America in the mid-18th century. is welding these same fragile nations into one super-state. It is strange that countries are rushing into total oneness while at the same time neighbors kill each other for speaking with the wrong accent or language. Tread carefully in pan-European business deals. It may all look Euro-ized from the outside, but beneath may be pure tribalism. Globalization will dominate the shape of all large corporations as competitors realign re·a·lign tr.v. re·a·ligned, re·a·lign·ing, re·a·ligns 1. To put back into proper order or alignment. 2. To make new groupings of or working arrangements between. through rapid mergers, acquisitions, disposals, or new partnerships. However, reactions to globalization will grow and require careful handling. Powerful global structures will emerge and affect your international interests. Are you being radical enough in globalizing your management style and structures? RADICAL With the death of left/right politics and the weakening of big government power, corporations are increasingly vulnerable to attack by single-issue groups. Examples include the war against terrorism, animal welfare, and child labor child labor, use of the young as workers in factories, farms, and mines. Child labor was first recognized as a social problem with the introduction of the factory system in late 18th-century Great Britain. in the textiles industry. Clear policies, strong values, and rapid media response teams are vital. Are you monitoring this area sufficiently? ETHICAL What kind of world do you want to live in anyway? And what about your children or grandchildren GRANDCHILDREN, domestic relations. The children of one's children. Sometimes these may claim bequests given in a will to children, though in general they can make no such claim. 6 Co. 16. ? Whenever I talk to CEOs about the future, they end up talking about the personal concerns they have, their values, priorities, ethics, motivation, and spirituality. All of these will be key issues for large corporations, even more so following recent events. The heart of America has always been stirred by more than money, but even more so today. For example, 60 percent of adults and teenagers give time to causes they believe in--an average of 200 hours a year each, equivalent in value to 4.5 percent of GDP GDP (guanosine diphosphate): see guanine. , or 12 percent of the federal budget. We've seen a huge increase in a decade, and one that preceded September 11. You'll learn more in five minutes asking a colleague what organizations or causes he or she gives time to than in five months of sharing an office coffee machine. Retaining and motivating top executives will mean far more than money in future. Personal work motivation has already changed dramatically in the past five years and will continue to do so. It's much deeper than work/life balance. The key to capturing people's passion will be showing how your products and services build a better kind of world, not only for individuals and their families, but also for the community and for the whole of humanity. Then people will be proud to work for you, and to buy your products and services. The six faces form a cube, but the cube is weighted. Most senior executives see the world mainly as Fast, Urban, and Universal, but how many people need to be very Radical, Ethical, and Tribal to change your world? Fortune 500 CEOs and chairmen usually tell me just 0.5 percent to 2 percent. And just one shareholder on a mission to change a corporation can be enough to keep a CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. awake at night before an AGM AGM annual general meeting AGM n abbr (= annual general meeting) → AG f AGM n abbr (= annual general meeting) → JHV f . You can't keep all the faces in view at once, so keep turning the cube. Dr. Patrick Dixon
Dr Patrick Dixon is a business thinker and futurist. His Web TV site [1] has more than 10 million unique users. , often described as Europe's leading Futurist, is an authority on global trends and new technologies. He's a Fellow of London Business School Around 800 degree students, from 70 countries, graduate from the school each year. Over 80 percent of students, and over 70 percent of faculty, come from outside the UK. A further 6,000 executives attend the school executive education programmes each year. Center for Management Development, chairman of Global Change Ltd., and author of 12 books. He can be reached at pd@leighadvisory.com. |
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