How Will We Win?

How Will We Win?

No matter what Donald Trump says, “winning” is changing dramatically in the interconnected world. Organizations are being disrupted six times as fast as they were 40 years ago. What’s a leader to do? That’s the topic of this episode. Here are the notes from the show:

  • A recent Harvard Business Review article entitled: “The biology of Corporate Survival – natural selection ecosystems hold surprising lessons for business” details that companies are losing much faster than they were forty years ago. One in 3 publicly traded companies will be de-listed in the next 5 years, which is 6 times as fast as it was 40 short years ago.
  • 65% of students will be employed in jobs that don’t exist yet
  • From a large study of many organizations, HBR has concluded that companies are identical to the way complex adaptive organizations in nature in how they act in an ecosystem. Secondly, system thinking matters and those companies that fail to adapt to the complexity of the changing environment cease to exist quickly.
  • Systems thinking is critical. You see it phrased differently in different areas such as “human centered design” and “omni-channel”
  • The big idea that goes along with these conclusions is realizing that every business is nested in its marketplace with many other businesses, which in turn is nested in the social environment surrounding this marketplace. Therefore, businesses using systems thinking must balance the individual success of their firm with what is good for the whole ecosystem.
  • We did a past show that relates to the concepts in this one – “Give and Take
  • We discuss four overarching ideas that lead to “winning” in business:
    • Heterogeneity
    • Modularity
    • Redundancy
    • Expect Surprise
  • Efficiency and creativity are at odds. “Strategy is the rare and precious skill of staying one step ahead of the need to be efficient.” -Jules Goddard in Uncommon Sense; Common Nonsense
  • You must balance your organization winning while also helping the ecosystem benefit from your contribution. As Philippians 2 puts it: “Look not only to your own interests, but the interests of others.”

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