Presented by Dion Chang
Many companies are (still) struggling with digital transformation, even though the first wave of disruptive technologies hit numerous industries a decade ago.
However, the second wave of disruption – the key components of the 4th Industrial Revolution – is already underway and is set to disrupt even further. In some cases, industries, which have already been disrupted, are bracing themselves for this second wave. The industries in the “eye of the storm” are: financial services, manufacturing, agriculture, automotive and healthcare – and many are interconnected, so the disruption will have a blowback effect.
Complacency is not an option, so many companies have started to pivot their business models, embracing new opportunities, rather than seeing what is lost.
Flux has been tracking how these companies pivot.
However, while some companies pivot to side-step disruption, they try and pivot with their existing skills set, without interrogating what new skills are needed to navigate these uncharted waters. Here, Flux dovetails our future of work research, with pivoting business models, and explores hybrid skills, alternate qualification assessments, and new career path mapping needed for agile companies.
Finally, we question and challenge organisational structures. If a company is pivoting and acknowledges the need for different skills-sets, then the company cannot hope to move forward using outdated corporate structures. We examine the commonalities of the operating systems of top performing companies, and what makes them not only survivors of disruption, but innovative companies that are leading in a new world order.
This presentation will provide the following executive framework:
- An understanding the dynamics and drivers of disruption, as well as the ripple effect of the 2nd wave of technological disruption, in order to understand the interconnectivity and impact on ancillary industries.
- Identify blind spots in current business models, so that new opportunities can be leveraged.
- Question if the company’s skills-set is suited to an agile and responsive organisation.
- Question the flexibility of the operating system of the company, to gauge how they can recalibrate after pivoting.
- Create an enabling environment within a company to encourage innovation throughout the organisation so that ideas bubble upwards, and not just trickle down.
Who should see this presentation?
- Businesses who are struggling with digital transformation.
- Companies grappling with adapting their skills set to new technologies or the pivoting of their business model.
- Executives and managers who are tasked with transforming the business into a more agile operation, and the reinvention of corporate culture that comes with it.
- Businesses who have survived the first wave of disruption and understand the need to constantly refine their competitive edge – because complacency is not an option.
The Flux mantra: Trends as a Business Strategy.
Above: An Introduction to the Second Wave of Disruption
Aren’t you curious to discover where these disruption is going to lead to?
Looking at Trends as a Business Strategy.
If you are interested in booking this presentation for your team or clients please contact Bethea Clayton on connected@fluxtrends.co.za or +27764539405
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Image credit: Gallo Images/Getty Images
