7 trends that will disrupt your business in 2017

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How can you take advantage of these 7 key business trends in 2017 to grow your business and career?
What you need to know to make 2017 your best year ever!

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7 trends that will disrupt your business in 2017

  1. 1. Seven Disruptive Business Trends for 2017 What business trends will change how you lead your business? Tripp Braden Strategic Performance Partners
  2. 2. Seven Disruptive Business Trends for 2017 • Careers Stall • Millennials Look for New Career Opportunities • Teams Play an Increasing Role in Achieving Results • Digital Transformation Becomes Reality • Growing Your Business with Advanced Analytics and Cognitive Technologies • Global Competition Drives You Out of Key Markets • Increasing Regulation, Transparency, and Compliance Impact Your Business
  3. 3. Train people well enough so they can leave, treat them well enough so they don't want to. - Richard Branson
  4. 4. Careers Stall • By 2022, nearly 25% of people 70 to 74 will be working — double the figure in 1992. • Limited upward mobility has younger workers migrate to startup and midmarket organizations to reignite their careers. • Four generations of workers in the workplace requires managers to spend more time dealing with limited value activities. • Shortage of new technology skills requires more agile compensation and employee development plans.
  5. 5. Millennials Look for New Career Opportunities • Two in three Millennials expect to leave their jobs by 2020. • Nine in ten (87 percent) believe that “the success of a business should be measured in terms of more than just its financial performance.” • Only 16 percent of Millennials see themselves with their current employers a decade from now. - The 2016 Deloitte Millennial Survey Winning Over the Next Generation of Leaders
  6. 6. The strength of the team is each individual member. The strength of each member is the team. - Phil Jackson
  7. 7. Teams Play an Increasing Role in Achieving Results • Fifty-four percent of respondents indicated that they spend up to 30% of their day in a team setting. • Another 34% spend as much as 50% of their time working in a team setting. • Yet 42% responded that they rarely, if ever, receive any training to get their teams off to the right start. • Only 3% of respondents admitted to a lack of confidence in their ability to lead a team—despite the obvious lack of training on the part of their organizations. - Ken Blanchard Companies The Critical Role of Teams
  8. 8. Talent wins games, but teamwork and intelligence win championships. - Michael Jordan
  9. 9. How Organizations Use Teams • To handle special projects - 84% • As department teams - 74% • For internal systems innovation - 74% • For customer service innovation - 51% • For product innovation - 48% • For employee development issues - 37% • To reduce time to market - 21% - Ken Blanchard Companies The Critical Role of Teams
  10. 10. Why Do Teams Fail? • Ineffective communication - 66% • Lack of effective chartering - 56% • Lack of clarity/understanding of roles - 47% • Keeping morale/momentum high - 44% • Keeping productivity high - 42% • Lack of trust - 36% Ken Blanchard Companies The Critical Role of Teams
  11. 11. Digital Transformation Becomes Reality • Are you leveraging technologies to enhance your customers' experience? • How quickly can your organization adapt, change, and innovate? • Is your organization ready to embrace a remote workforce? • Does digital transformation align with your business strategies? • How does the Internet of Things change your organization?
  12. 12. Silicon Valley is coming and if banks don’t up their game, then tech companies will take over the industry’s business. There are hundreds of startups with a lot of brains and money working on various alternatives to traditional banking. - Jamie Dimon, CEO, J.P. Morgan
  13. 13. Growing Your Business with Advanced Analytics and Cognitive Technologies • How much do you know about your key customers, partners, and competitors? • Are you able to change the way you work with customers in your markets by embracing advanced analytics? • How is cognitive computing going to change how you grow, manage, and lead your business? • How will you decide where to invest your time and resources for optimal results?
  14. 14. Great discoveries and achievements invariably involve the cooperation of many minds. - Alexander Graham Bell
  15. 15. Global Competition Drives You Out of Key Markets • How much do you know about your internal cost structures? • Do you know which customers are your best, and why? • How do you decide where to invest your capital to get a stronger ROI? • Do your financial systems help you identify risk as well as potential opportunities?
  16. 16. In today’s era of volatility, there is no other way but to re-invent. The only sustainable advantage you can have over others is agility, that’s it. Because nothing else is sustainable, everything else you create, somebody else will replicate. - Jeff Bezos
  17. 17. Increasing Regulation, Transparency, and Compliance Impact Your Business • Is your business able to grow in an age of increasing government regulation? • How much does it cost your organization to become more transparent with customers and government agencies? • Are your financial systems set up to help you decide what markets you choose to compete in?
  18. 18. Want to know more about disruptive trends? You might enjoy our blogs Developing Serving Leaders and Market Leadership Journal. If you’re looking for help recruiting and building a great team, contact me at 440-293-8811 or tbraden@marketleadership.net

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