The food and retail grocery industry is reeling from the horsemeat scandal, which displays a number of consumer trends and sentiments that can be associated with competitive advantage in the Connection Economy. The most important one is not that there is horsemeat in burgers but that consumers have been lied to. As Sean Cosgrove, a […]Read More What every business leader can learn from Tesco’s horse-meat scandal
Richard Branson recently said “there is no real difference between work and play ““ it’s all living” How profoundly true this statement is. I spent yesterday speaking at the excellent Business Leaders Group and the concept of where we work and how we work was a strong theme of discussion among the business leaders who […]Read More We’ve been suckered! “there is no real difference between work and play â€“ itâ€™s all living” says Richard Branson
We are living, working and playing in a period of history that will have as far-reaching an impact as the Industrial Revolution. We are only just beginning to grasp the realities of this brave new world and much of it is still unclear. The Great Recession and financial crisis was not simply economic turbulence, but […]Read More The quests to create a new breed of great companies begins now
If we’d been working 100 years ago, most people would’ve worked on a farm or a mine; 50 years ago we would’ve been working in a factory, today most people in developed markets work in the knowledge economy and we bring our brains not our muscle power to work. But whilst the nature of work […]Read More Kittens, magnets and the power of teleworking
There are numerous forces changing the shape and face of business today. We call the most important ones the TIDES of Change. TIDES is an acronym standing for Technology, Institutions, Demographics, Environment and Social values. Each forces has numerous, let’s call them “icebergs” disrupting the normal flow of business and changing business models and entire […]Read More What is your industry’s iceberg?
Have you ever wondered what you would do differently if you were a leader on the historic voyage of the Titanic? A century later we are still gripped by the tragedy, the horrors and even the romance of the loss. It was a shocking catastrophe that cost 1,514 lives. The sinking took about the same […]Read More Lessons from the Titanic for future focused leaders
We’ve had the Summer of Sport and it was fantastic! Team GB excelled in the Olympics. Now, business leaders, prepare for the Summer of Business! We are facing a period of hyper-growth and hyper-change. A once in a lifetime opportunity awaits but are you and your teams ready? Here are some facts which should […]Read More A Bountiful Summer of Business is Predicted
In 1960, during a Mercury space flight, John Glenn used the powdered breakfast drink Tang. Not surprisingly, as the general public became aware of NASA’s endorsement of Tang, sales skyrocketed. In recent years, however, sales – especially globally – had been sluggish. Kraft Foods who now own the brand decided to give the product team […]Read More How Kraft delivered performance and profit improvements by offering teams blank cheques
Businesses already have a vast amount of information about their customers ““ some use it well, some less so. The vast growth in computer processing power has lead to the ability to crunch data on customers like never before. Big retailers and many loyalty schemes are already at the forefront – employing “pattern-based” data searches […]Read More Why we need more “data scientists”
What is “strategy”? This is a question that numerous executives, academics and scholars have asked. Countless books, papers and dissertations have been written about the subject. S+B Magazine recently wrote a short article on the subject titled Strategy: An Executive’s Definition and they have devised one of the simplest and yet best summaries of what […]Read More The CEO’s guide to strategy
This is an excerpt taken from Microsoft Organisation’s executive emails and covers Bill Gate’s thoughts on the new world of work ( #newworldofwork ) “Over the past decade, software has evolved to build bridges between disconnected islands of information and give people powerful ways to communicate, collaborate and access the data that’s most important to […]Read More What Bill Gates says about the New World of Work
Following a study of customers attitudes and behaviours, CitiBank declared that 75% of their customers had changed as a result of the economic turbulence of the past few years. The report’s finding was correct in one sense; the economic uncertainty is influencing peoples’ behaviour. But the turbulence is also masking three much bigger and more […]Read More Three major trends reshaping the face of tomorrowâ€™s consumer
This is a quote directly from: “Megachange, the world in 2050”. Another future babble book in the same vain as “Everything we know is wrong”, “Future Files”, “Physics of the future”, “Future minds” and “Flash foresight”.The book covers Population (Demography is destiny, 9 billion by 2050, time bomb in ageing population, water, political violence, food, […]Read More The storms of creative destruction are blowing us to a better place
Increasing global integration: Due mainly to explosive growth in many emerging markets, the world will experience massive economic growth over the next thirty or so years. It is predicted that by 2050, global real purchasing power will quadruple. As BRIC and N11 countries grow and become richer (Developing economies are already adding 90 million […]Read More Nine trends defining the future world of work
In the old world, company executives spent hours, days and months agonising over vision, mission, values and purpose. The idea of having a vision is a good one. But the exercise of corporate vision has become an academic exercise with a main purpose of filling the glossy pages of financial statements. Most vision statements look […]Read More Why companies need quests to be successful in the new Age of Discovery
I’ve read two great articles by The Fast Company in the last week. The first, “Generation Flux” talks about so many things that fascinate and excite us at TomorrowToday ““ the pace of change in business (and everywhere else as well), the response of Generation X and Y, and ultimately, how this combination of factors […]Read More X’s, Y’s and a T-shape of Skills
After extensive research by TomorrowToday’s we are uncovering what makes companies great in the new world of work. Here is a snapshot these six competencies or behaviours that successful companies are displaying: They implement Strategies@Speed: In a fast paced ever changing world, implementing strategies (before the competition) is essential for success. Our research reveals that […]Read More The six competencies of great “new world of work” companies
Predicting the future is not an exact science. However, in these days of rapidly changing technology, it has become more imperative than ever for companies to look ahead and try and predict how technological advances, globalisation, environmental concerns and people’s desire for more flexible working will affect the way business is carried out. And this […]Read More How technology, globalisation and the environment is shaping the future workplace
GE has had a string on successes implementing Creating Shared Value and the following figures demonstrate GE commitment as well as the financial reward for pursuing a shared value strategy under the umbrella of Ecomagination: Over $18 billion on revenues were generated by GE’s ecomagination product and services in 2010. GE now predicts that the […]Read More How Creating Shared Value is driving innovation and growth at GE
Nestle’s offers some of the best examples of how re-orchestrating business can create more value and a bigger pie for all stakeholders. As Nestle’s CEO puts it: “Creating Shared Value is a fundamental part of NestlÃ©’s way of doing business that focuses on specific areas of the Company’s core business activities ““ namely water, nutrition, […]Read More Nestle ecolaboration, leading the pack with Creating Shared Value
In our presentation TIDES of Change we point out that 3D printers will revolutionise the world. This prediction is sometimes met with a degree of scepticism. I mean it is wild to imagine that in the future should you want a pair of sneakers, rather than getting Amazon to mail them to you, you pay […]Read More The future is now! 3D printer made out of Lego and a bike printed using a 3D printer
I came across an article in the Wall Street Journal in which Dow Jones columnist Al Lewis asks the question “Let’s say you were given a year to kill Hewlett-Packard. How would you do it? Using the events, over the past year , at this PC giant he provides a step by step guide of […]Read More 15 easy steps to euthanising a great company
“MOTIVATED Magazine encourages readers to rise to their fullest potential. Pairing passion with purpose, the magazine features insightful articles submitted directly from today’s world leaders, entrepreneurs, and everyday people with extraordinary stories to share…Readers are able to tap into the knowledge and life experiences of people and writers like: Bill Clinton, Chris Gardner, Deepak Chopra, […]Read More The New Business SCRIPT: article in Motivated Magazine
I came across a very neat article The Boss Is Robotic, and Rolling Up Behind You By JOHN MARKOFF in the New York Times which paints fascinating picture of how telerobotics and robotics could become a useful leadership tool. As more and more business leaders spend time travelling between offices across the globe, telerobotics provides […]Read More Your future boss will be a robot
Abercrombie & Fitch (A&F) is an American retailer that focuses on stylish and highly sought after casual wear. It has over 325 stores locations and operates internationally. In 2010 A&F had a turnover of 3.47 billion dollars. They’ve achieved great success using a business model that flies in the face of many well-accepted retail […]Read More Pi$$ing-off your shoppers, the new strategy to delighting customers
Our mothers, grandmothers and great-grandmothers fought hard for us. The equalities gained by the feminist movement have resulted in a steady rise in the proportion of women working in the UK; 70% at the last count. However, all is not rosy in the world of work for women. There are pay iniquities that can’t be […]Read More Is the New World of Work some kind of utopia for women?
Michael Porter, the Harvard Business School strategy guru says that strategies of the future will be led by companies that serve communities and understand the deep underlying needs of the communities that buy their products. Coined Creating Shared Value (CSV) by Michael Porter and Mark Kramer, requires a complete rethink of the fundamentals of how […]Read More Rethinking Capitalism – Paring profits with purpose
Script 5… The recent recession and financial crisis has been more than just an economic downturn, but a tipping point between the old and the new world of work. There is no going back and different times require a different script. This week a new post each day will reveal five components of this new […]Read More Five new business scripts – No5: Embark on quests, an inspirational moonshot
Script 4… The recent recession and financial crisis has been more than just an economic downturn, but a tipping point between the old and the new world of work. There is no going back and different times require a different script. This week a new post each day will reveal five components of this new […]Read More Five new business scripts – No4: Focus on experience
Script 3… The recent recession and financial crisis has been more than just an economic downturn, but a tipping point between the old and the new world of work. There is no going back and different times require a different script. This week a new post each day will reveal five components of this new […]Read More Five new business scripts – No3: Cultivate Communities
Script 2… The recent recession and financial crisis has been more than just an economic downturn, but a tipping point between the old and the new world of work. There is no going back and different times require a different script. This week a new post each day will reveal five components of this new […]Read More Five new business scripts- No 2: Be corporate courageous
“Research consistently shows hard evidence between speed and business results. Faster companies have higher sales growth (an average of 40% higher than slower companies), and higher operating profits (an average of 52% higher than slower companies). They’re also more exciting places to work and are able to attract “bright young talented things” to their business. […]Read More Five new business scripts – No 1: Strategy @ Speed
Peter Drucker, the famous management guru, once said that “the purpose of business is to create and keep a customer.” In today’s new world of work these words are even more relevant than every before. Increased competition and pressure on margins is making customer centric strategies more crucial than ever before. The good news for […]Read More Ten distinct strategies to create profits by pleasing customers
Banks are often too traditional and conservative, restricted by legacy beliefs around risk, procedures and past ways of doing things that have become ingrained in the shrine of banking culture. This restricts innovation. Not so with Chase a Bank that has embraced new social media and mobile technologies to take the experience and future […]Read More Chase revolutionises banking – deposit cheques using your Smartphone
“Trust men and they will be true to you; treat them greatly, and they will show themselves great” Ralph Waldo Emerson (1803 – 1882) I love Penelope Trunk’s blogs at the Brazen Careerist. They contain great thoughts and advice about business and life, but most of all are searingly honest and often very touching. One […]Read More A Question of Trust?
Great companies make creativity and innovation a cornerstone of their culture and strategy. Creativity is driven by people wanting to make a difference. But people are often constrained by culture, regulation and risk controls – barriers to creativity. Customers say they want creativity. In regulated and controlled environment, this can represent a problem. Being creative […]Read More Why when being creative, failure should always an option
The title of this blog comes from a quote out of Fast Company’s excellent article on the future of marketing titled Mayhem on Madison Avenue. As explorers and adventurers in the New World of Work, my colleagues and myself at TomorrowToday are constantly exploring how industries are changing, and what brave new companies can do […]Read More Marketing in the future will be like sex – only the losers will pay for it!
Business world is facing the dawning of a new alliance age / revolution that will bring about a new business model more symbiotic and substantially different from the business model of today. The competitive and changing economic landscape demands a new business model”¦one removed from the shareholder value model to one where value for all […]Read More The future of profitability and success
[Image credit: exodus-by-david-yarrow] Ecosystems have evolved over thousands of years into very efficient and effective systems and network structures. Contrary to popular belief it is not survival of the fittest but rather very complex and collaborative relationships that ensure the growth and survival of species. One of my favourite examples is the coral reef. Coral […]Read More What businesses can learn from the fascinating natural world
It appears that sleep is essential for a well performing workforce. And yet how many of us drive ourselves and are driven by our bosses to work long hours into the night or to wake up early? Fast Company has a brilliant infographic on the benefits of sleep – the benefits for business are obvious […]Read More Why a sleeping workforce is a profitable workforce
A friend of mine from EMM Group sent me this email about the rising impact of retiring baby boomers on businesses. If you don’t have a strategy to capture the values of this generation you need to get cracking! The Silver Tsunami The “age wave” is officially upon us. Bolstered by rising life expectancies and […]Read More 8 reasons why your business should focus on Baby Boomers
Once upon a time, there was a man who ran a small, but very successful bacon bap stall at a village’s farmers market. He spent time getting to know his customers and everyone knew him. He was famous for serving the thickest, tastiest bacon rolls around. People happily queued around the corner for the fresh, […]Read More All good stories begin withâ€¦
The theory of generations has proven to be extremely popular in the mainstream media and with pop psychologists who have picked up on labels like Baby Boomers, Generation X and Gen Y as convenient “˜sound bites.’ Of course, common sense tells us that we live in a diverse society ““ a broad label could never […]Read More UK and US Baby Boomers are not the same so please stop generalising generations!
I recently got back from a business trip to Singapore, where I spoke about the TIDES of Change – five disruptive forces changing businesses and industries across the globe at the Sea Asia conference. Two things amazed me while I was there. Firstly, the degree of innovation coming out of the east and secondly, how […]Read More To find disruptive business models look east
Somehow, after a few glasses of wine on Friday night, I found myself in a discussion about teams. My friend, a very accomplished and successful business owner, believes that there are no true teams in a business context ““ that everyone is inherently selfish and does what’s best for them. Naturally, my first instinct was […]Read More When is a Team not a Team?
Business leaders have recognised that in 2011 there will be no going back to normal, in fact there is now a new normal that involves a world where change is the new constant and complexity is the biggest challenge. The big question is how do business leaders manage and grow in an environment that is […]Read More 10 Intrepid explorers and the new Age of Discovery
I’ve just read an excellent article in Strategy + Business (S+B) called “the right to win” it raises an number of excellent questions about strategy in the new world of work. Walt Shill the head of consulting at Accenture believes that in today’s rapidly changing super competitive environment strategy is dead. I agree with him […]Read More Which strategy would give you the greatest right to win?
This is a question we constantly ask ourselves and our clients at TomorrowToday. The firm is a relatively new model in society and with the growth of multi-national corporations over the past fifty years, the firm has become the business model of efficiency and effectiveness. There is no denying that as a model, “firms” are […]Read More Why do firms exist
FROM SHREK, the movie (Dreamworks Animation, 2001): SHREK: For your information, there’s a lot more to ogres than people think. DONKEY: Example? SHREK: Example? Okay, um, ogres are like onions. (holds out an onion) DONKEY: (sniffs the onion) They stink? SHREK: Yes – – No! DONKEY: They make you cry? SHREK: No! DONKEY: You leave […]Read More Why customer relationships no longer need to be a thing of fairytales