This interesting article describes a few lessons on how students learn to create an environment where innovation thrives. Being intellectually curious is crucial in that perspective. Exploring for the information you need and connecting with people who can guide you in learning essential skills is important. This doesn’t only apply to being innovative, also to being a leader. What are the values and behaviours of leaders who are responsible for big innovations that disrupt?
Recently I wrote a blog on the top 15 jobs most likely to disappear. Quite a few readers asked me why bankers were not on that list. A valid and logical question. Technology is changing fast and the possibilities tech solutions bring us are innumerable, but still the world is not ready yet for an economic paradigm without bankers. Unfortunately, I might add. Fintech has set in the unbundling of banking, but are not making banks obsolete (yet). Is it in the first place because money exists? Because our payment infrastructure is too complex to disrupt? Here’s why it will take longer for banker jobs to become extinct.
Nowadays digital disruption is everywhere. No industry will be able to avoid digital disruption in the next 20 years. ‘If’ should not be the questions, but ‘when’. Therefore, it’s crucial that businesses, regardless they are SMEs or enterprises, need to start their digital transformation. Actually, they should have started yesterday. A lot of businesses in the private sector are dealing with digital issues, but they are struggling to continuously adjust to the fast going technology changes. How about the public sector? How does digital disruption emerge in a government? After all, government is not immune to the impacts of this upcoming industrial revolution.
In today’s dynamic business environment, every organisation must continuously change to stay competitive. How do you maintain the advantage on your competitors? If you can’t make it as a market leader, make sure you at least stay on par with competitors. How? It starts by thinking tactically and strategically from an innovative angle. You are never alone in an ecosystem. Competitors, customers, suppliers, employees and other stakeholders, they are all influenced by the way you act and the other way around. The dynamics of the environment that surrounds your business should be defining how you set up your processes. This ecosystem requires you to clearly position yourself. As an innovative business you should outline who you want to be and define how leading you want your role to be in the market. Looking at the innovation culture you want to build, what place in the ecosystem will suit your business best?
Two famous books I’ve read contain a lot of knowledge on some theories in relation to the economy, the society and the labour market. For a long time, those books have kept a lot of smart minds busy analysing and finding evidence to either defend or contradict the statements made by the writers Adam Smith and Karl Marx. Brilliant minds in their time. In my opinion those books should be mandatory in our education system for some basic understanding about the mentioned subjects. Nonetheless, I think we are heading towards a new era that will invalidate both theories – or at least for a greater part. Still, if you take some crucial core elements out of both theories and you put them together with today’s developments in technology and information management, we could end up with a new theory, a next level. Let’s call it ‘integrated consciousness’ for now. Are you wondering what I mean by that? Read on!