Archive for the 'Predicting the future' Category

“That’s a wrap”

In the past few days I’ve had so much fun filming stuff for my videoblog.
The weather has been perfect for outdoor filming and I’m taking the opportunity to record some information I’ve wanted to share for some time. But it’s also an opportunity for me to refresh the graphics and the whole look of the videoblog. Make it more dynamic and not forgetting informative

So watch out for the new uploads in the next few weeks…new information…new angles on business news and…
I just can’t wait as the excitement’s only just begun

Rehearsal time

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The Latest Business News

It’s not often I go to the gym at 6.30 in a morning, I usually prefer midday to give me a break during work.
But today I was up early, the sun was shining and I felt great. So a workout and a swim before work seemed a good idea.

I now regret not having been at this time before. The amount you learn about what’s happening in business is really interesting.
Makes the BBC’s Today programme look positively short of news.

For instance today’s headlines from the gym are:

“Kevin’s just not pulling his weight…
and as he’s responsible for increasing sales and as they are targeted on a team result it’s not pleasing the rest of his team. The boss won’t find out till it’s too late to meet target because if he’s so stupid that he can’t see it himself then it’s his look-out.

“The new sales push will knock the competition for six”
A company has come up with a new product and pricing structure to steal some of the competition’s major clients in September. By the time the competition has leant what’s happening it’ll be too late for them to do much.


Preparing for the future

Having listened to all this news I wondered if the boss did know about Kevin, or was he relying on monthly statistics. If he’s relying on the sales stats he will have little chance of reversing the situation before targets become impossible to be met.

More imporantly, does the competition not know that they are about to have their sales attacked? If the new product line and pricing structure is as effective and destructive as anticipated then there will be a panic and a rush to “Fix the problem” in September. In my experience this will always be a costly and time consuming exercise.

The gym’s news confirms that It’s always worth having an early warning system to identify what the future might bring and obviously the Gym at 6.30 is a place I will be going to more often.

As for my early warning system…I think the picture below shows my future

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The future can’t be predicted simply prepared for…

Recently a load of people have been talking to me about restructuring their teams for the future.
I’ve noticed that to do this they collect vast amounts of data in an effort to predict the future trends, business conditions, customer needs and so on.

The problem with the future
The problem is that the future is unpredictable. and the only people to generate a “five year plan was thr old Soviet Union…and look where they are today!

Take technology for instance…by the time it’s clear what will be affected in the future it’s too late! It move so fast that catching up is difficult far less being able to stay ahead. THerefore traditional planning where the object is to predict the future, develop detailed plans and restructure teams to take account of those predictions no longer make sense.

It must be assumed that the future can’t be predicted…but it can be prepared for. The answer is to shift how business prepares for the future.The task for business is to structure the organisation to be immediately flexible. That’s not new idea…but it’s rarely implemented successfully.

I’m excited about the future
Over the past months I’ve talked to so many business leaders about this topic. I’m excited that the result will be that I’m organising a series of events for selected business leaders to talk to them on how they can plan for the future they don’t yet know about.

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