We presented at the AmCham 20th Human Capital Conference in Hong Kong. The theme; if Asia is to truly power the global economy, fundamental changes need to occur in organizational design, management and leadership.
Called GrouponWe live in a time, where a 27 year old, just over 6 years ago, created a company that now has a community approaching 1 billion people, and a valuation of 100 billion dollars
Called Facebook500 million users spend over 700 billion minutes a month on the siteRenRen in China, founded by 25 year-old Wang Xing, has 150 million users, recently IPO’d, at a valuation of almost 5 billion dollars.
This is seriously the coolest thing of the decade, hassle free credit card payments, individuals, anyone, can accept credit card payments, no monthly fees, no long contracts, 2.75% (versus up to 5%) The intelligence, the data around it, the beautiful app
It’s so easy being a consumer, we are empowered to be productive and engagedThink what we can do in the palm of our handThe user experienced has been engineered to the nth degreeWe have developed the ‘3 click syndrome’ – if something, anything, takes more than 3 clicks, forget it
MalariaMelanomas and skin cancer
Wikileaks has totally redefined journalism And we live in a time where we can dethrone dictators, uproot governments and literally change the course of history
Every day, users spend 200 million minutes — 16 years every hour — playing the mobile game. Three trillion pigs have been popped. It is or has been the number-one paid app on iTunes in 68 countriesAnd the best-selling paid app of all time
Epidemic sweeping the globe
As Jack Welch famously saidThe external world has outpaced us
Work was somewhere you wentWork happened at work, there was no alternativeWorkers had a place on the assembly line and they needed to be there to be effectiveClocking in and clocking out was important, PaternalisticTheory was that workers were like machine parts, no emotions, no feelings, using hands more than their mindsTop of the corporation was very powerful
Whereas in reality, it equals PresenteeismEverywhere, everyday, people turn up to fill in time, because still, 100 years on from the Industrial age, managers think if you are not at your desk you can’t possibly be working
There is a severe lack of trust in the modern workplaceWe’re guilty of being control freaks, but we’re controlling the wrong aspectsCausing chronic problems with retention, productivity, customer satisfaction and ultimately shareholder returnWe need to foster a new relationship with control
We call this Disruption, the W EffectOnly solution is to change the game entirelyIt’s a deliberate transfer of control to the individual, again based on the radical idea that they are an adult
We all labor under the myth that Time + Physical Presence = Results. Why do we still have a rush hour?
Do Leaders need to unlearn everything they've learned?
“Normality is the one route to nowhere. If we areonly willing to behave like all the others, we will see the same things, hear the same things, hire similar people, come up with similar ideas and develop identical products.” Do we have to unlearneverything we’ve learned? e3reloaded.com