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Exponential Innovation by Peter Fisk

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Exponential Change + Exponential Innovation + Exponential Leaders ... How will you create a better future for your business, embracing times of change as a catalyst to move forwards, to accelerate your future today? Peter Fisk offers a sneak preview to the Global Advanced Management Program at IE Business School, the ultimate program for business leaders with the courage to create the future. More at theGeniusWorks.com or email peterfisk@peterfisk.com

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Exponential Innovation by Peter Fisk

  1. 1. EXPONENTIAL INNOVATION peterfisk@peterfisk.com theGeniusWorks.com @geniusworks
  2. 2. Exponential Leadership Exponential Change Exponential Innovation peterfisk@peterfisk.com theGeniusWorks.com @geniusworks
  3. 3. Exponential Change peterfisk@peterfisk.com theGeniusWorks.com @geniusworks
  4. 4. More change in the next 10 years Than in the last 250 years
  5. 5. Fingernail Notebook Hand House Earth 3folds Thickness of folder paper 7 folds 10 folds 17 folds 30 folds What is “exponential”?
  6. 6. +genius
  7. 7. What is “exponential”?
  8. 8. Reliance’s “free” Jio phone in India
  9. 9. Maersk’s blockchain logistics
  10. 10. Alibaba’s gamified $38bn day
  11. 11. 2.2bn people now play esports
  12. 12. Anything is possible
  13. 13. The future isn’t like it used to be © Peter Fisk 2019 FUTUREHISTORY Unpredictable Predictable Stability Efficiency Optimisation Agility Innovation Experimentation
  14. 14. • Shifting economic power • Resource scarcity • Technological breakthrough • Social change • Rapid urbanisation Sources: BlackRock, Bloomberg, Deloitte, IFTF, McKinsey, PwC, WEF, World Bank Megatrends 2020-2030
  15. 15. 1. Shifting economic power Share of world GDP (PPPs) from 2016 to 2030 China will be the new global superpower Emerging economies are the growth markets Asia also has huge untapped natural resources Chinese entrepreneurial growth is relentless Power shift from west to east Learn from the east not the west CHANGESIMPACTS Sources: BlackRock, Bloomberg, Deloitte, IFTF, McKinsey, PwC, WEF, World Bank Megatrends 2020-2030
  16. 16. 2. Resource scarcity Increase carbon emissions drive global warming Increase strain on the planet’s resources Oil becomes increasingly scarce resource Shift from oil to clean energy More produce, less inputs Transformation of carbon-based mobility CHANGESIMPACTS Sources: BlackRock, Bloomberg, Deloitte, IFTF, McKinsey, PwC, WEF, World Bank Megatrends 2020-2030
  17. 17. 3. Technological breakthrough Data is the new oil; data connects the world Pace of technological change is exponential Technology increasingly automates humanity AI and robotics drive improved lifestyles Connected and intelligent life Healthcare is fundamentally transformed by tech CHANGESIMPACTS Annual growth rates of emerging technologies Growth of global data (1ZB is a trillion GB) Sources: BlackRock, Bloomberg, Deloitte, IFTF, McKinsey, PwC, WEF, World Bank Megatrends 2020-2030
  18. 18. 4. Social change More older people, fewer younger people Global population continues to grow More inequality, more migration, more diversity Food demand and diverse preferences Healthcare revolution for ageing population Nations become less meaningful CHANGESIMPACTS Sources: BlackRock, Bloomberg, Deloitte, IFTF, McKinsey, PwC, WEF, World Bank Megatrends 2020-2030 Global migration
  19. 19. 5. Rapid urbanisation Megatrends 2020-2030 Life is better in cities Global migration to cities Growth of Asian and African megacities Healthcare and security become key Smart cities, new infrastructure Cities become more powerful than nations CHANGESIMPACTS Sources: BlackRock, Bloomberg, Deloitte, IFTF, McKinsey, PwC, WEF, World Bank
  20. 20. Emerging themes for action Megatrends 2020-2030 Sources: Deloitte
  21. 21. East Small West Big ProfitVolume
  22. 22. Meituan Dianping
  23. 23. Consumer Influence Individual Business Control Average
  24. 24. Bytedance … the world’s largest “unicorn”
  25. 25. ImaginationCapability NetworksChains ExponentialImprovement
  26. 26. A world of limitless opportunity
  27. 27. Exponential Change Exponential Innovation peterfisk@peterfisk.com theGeniusWorks.com @geniusworks
  28. 28. Hyperloop JioPhone H&M Amazon Change Why Speed
  29. 29. Li and Fung Tencent Alibaba 3DHubs networked
  30. 30. DeepMind Fidor Bank Netflix Intuitive Surgical intelligent
  31. 31. Airbnb Nike+ Lego Glossier collaborative
  32. 32. audacious Google X Red Bull Syngenta Nike
  33. 33. How to multiply your impact?
  34. 34. How to multiply your impact? Ideas Brands Networks Platforms Communities Ecosystems
  35. 35. … brands as C2C communities Glossier
  36. 36. ! © Peter Fisk 2015 More details in the new “Gamechangers” book
  37. 37. ARMThe Transformation of ARM
  38. 38. © Peter Fisk 2019 21st Century Business
  39. 39. 21st Century Business
  40. 40. © Peter Fisk 2019 Consumer Consumer Consumer ConsumerBusiness Business Business Business Platform business models
  41. 41. Platform business models
  42. 42. Exponential Leadership Exponential Change Exponential Innovation peterfisk@peterfisk.com theGeniusWorks.com @geniusworks
  43. 43. What will come next? Where to focus? How to deliver the future faster? Jim Hagemann Snabe Chairman Siemens, Maersk Chair of WEF Technology Council
  44. 44. Curious Intuitive Creative Collaborative Empathetic Responsible Courageous
  45. 45. How can you create a better future?
  46. 46. +genius Futureback Now forward What is the future we want to create? 2025 Redefine how to move forwards 2020 © Peter Fisk 2018 www.theGeniusWorks.com Start from the future back1
  47. 47. 3 Year 5 Year VisionActivityResult VisionActivityResult VisionActivityResult “Future Back” Growth Roadmap 1 Year
  48. 48. © Peter Fisk 2018 www.theGeniusWorks.com CustomerBusiness Innovate from the “outside in”2
  49. 49. New disruptive technologies Big human challenges Radical innovations © Peter Fisk 2018 www.theGeniusWorks.com Solve important problems3
  50. 50. Make and distribute business model eg CocaCola Microsoft Spectrum retail business model eg Amazon Marks & Spencer Make and sell direct business model eg BMW, HSBC Niche retail business model eg ToysRUs,Wiggle License to make business model eg ARM, Ed Hardy Curated retail business model eg Fab, Positive Luxury Membership club business model eg Costco, Quintessentially Crowdfunded ventures business model eg Kickstarter, Zidisha Opensourced community business model eg RedHat, MySQL Subscription payment business model eg FT.com, Graze Buyer and seller marketplace business model eg Etsy, NYSE Micro payments business model eg Flattr Grameen Danone Collaborative consumption business model eg Buzzcar, Regus Regular Replacement business model eg Gillette, Nespresso Branded Consortia business model eg Cisco, Spar Advertising or Sponsorship business model eg Google, Metro Newspapers Listed or Promoted business model eg Monster Linkedin Network builders business model eg Hotmail, Twitter Demand then Made business model eg ZaoZao, Threadless Auction retail business model eg eBay, Sotheby Knowledge and time business model eg McKinsey, Harvard Franchised retail business model eg McDonalds, Subway Certification and endorsement business model eg ISO, Verisign Remainder retail business model Eg Saks, Vente Privee Multulevel marketing business model eg Tupperware, Natura Group buying business model eg Groupon, Huddlebuy Reverse auction business model eg Priceline Freemarkets Shared rental business model eg Zilok, Hilton Tradeable currency business model eg Bitcoin Air Miles Freemium pay within business model eg Angry Bird, Coursera Transaction facilitator business model eg Paypal, Visa Pay as you go business model eg AzuriTech Techshop Dynamic pricing business model eg Expedia, Uber Reputation builders business model eg Tripadvisor, PaywithaTweet Customer data business model eg Facebook, 23andMe Non-profit business business model eg Oxfam Wikipedia Maker models Channel models Crowd models Payment models Exchange models Asset modelsDesign new business models © Peter Fisk 2018 www.theGeniusWorks.com 4
  51. 51. Connect consumers to consumers © Peter Fisk 2018 www.theGeniusWorks.com 5
  52. 52. +genius Better view of the future Smarter ways to innovate Faster ability to implement © Peter Fisk 2018 www.theGeniusWorks.com Accelerate ideas to action6
  53. 53. … aligning people, to accelerate the future together Have a growth mindset7
  54. 54. +genius © Peter Fisk 2018 www.theGeniusWorks.com Fixed Mindset Growth Mindset
  55. 55. Acting with speed and agility Connecting ideas and people Passion to make life better Having an audacious attitude Shaping your own vision Making sense of change Persisting to make it happen © Peter Fisk 2018 www.theGeniusWorks.com
  56. 56. Global Advanced Management Program
  57. 57. Exploring Innovating Collaborating Adapting Growing New Context New Leaders Global Technology Change Speed Complexity Authentic Entrepreneurial Curious Relational Resilient Global Advanced Management Program
  58. 58. Amplified Leadership World Changing Market Shaping Disruptive Innovation Energising Organisations Exploring Innovating Collaborating Adapting Growing New Context New Leaders Global Technology Change Speed Complexity Authentic Entrepreneurial Curious Relational Resilient Transforming your personal and business impact Global Advanced Management Program
  59. 59. Amplified Leadership World Changing Market Shaping Disruptive Innovation Energising Organisations Transforming your personal and business impact Global Advanced Management Program
  60. 60. 72 Winning in an incredible new world Peter Fisk helps business leaders makesenseof afast-changing world, tofind thebest newopportunities for growth, toembracethebest newideas throughinsight and creativity, torethinktheirentirevisionand strategy, business model and customer experience. Being 10% better is just enoughtocompeteintoday’s world, tostand still. Thereal questionis howtobe10times better, toget ahead, tostandout, tobe theleader whohelps thebusiness createand deliver futuresuccess. Peter works across theworld, helping business leaders todevelop innovativestrategies for business and brands. Heis athinker, advisor and practical entrepreneur. Heis Professor of Strategy, Innovationand Marketing at IE Business School, oneof theworld’s top ranked business schools, whilst alsofounder and CEOof GeniusWorks, aboutiqueconsulting firm, helping clients across every sector tomakesenseof fast- changing markets, and find newways tothink, competeand win. Having trained as anuclear physicist, Peter moved tomanaging brands likeConcordeat BritishAirways, helping Microsoft toadopt avalue- based marketing model, and Virgintolaunchintonewmarkets. As ahighly experienced consultant hehas worked inevery sector and regionof theworld. As CEOof theworld’s largest marketing organisation, theChartered Instituteof Marketing, hebecameaglobal authority onwhat’s best and next inbusiness and markets. Finding his ownspace, hefounded GeniusWorks, withoffices inLondonand Istanbul. Heworks withcompanies big and small, food tofashion, skincaretostockexchanges, hightechtohuman –and organisations as diverseas Aeroflot and BanyanTree, Cartier toCoty, CocaColaand Club Med, Cooperativeand Courvoisier, Davidoff and DSM, Eczacibasi and Fat Face, Fosters and GSK, Hershey’s and Mars, M&Sand Nestle, Microsoft and O2, Phillips and Philosophy, Red Bull andSavola, Santander and Skanska, Shell and Tata, Teliaand Turkcell, Unilever and UAE Government , Virginand Visa, Vodafoneand Yapi Kredi –tothinkbigger andsmarter, develop innovativestrategies, bolder brands, and accelerategrowth. Peter’s newbook“Gamechangers: Areyouready tochangetheworld?” explores thenext generationof business andbrands, shaking up markets, innovating and winning innewways. Based on100global casestudies, it explores thechallenges of newmarkets, changing customers, brand building, newbusiness models, real-timemarketing, harnessing social media, inspiring leadership and positive impact. It has beennominated for Management Bookof theYear. His other books include“Marketing Genius” explores theleft and right-brainchallenges of success, and is translated into35languages. It was followed by fiveothers –“Business Genius” onleadership and strategy, “Customer Genius” onbuilding acustomer-centric business, “PeoplePlanet Profit” onsustainableinnovation, and“CreativeGenius”, theinnovationhandbookfor business leaders, defining what it takes to beLeonardodaVinci inthe21st Century. Peter features intheGuruRadar of Thinkers50, and was described by Business Strategy Journal as “oneof thebest newbusiness thinkers”. His adviceis sought after by business leaders around theworld, headds specialist expertisetokey projects, combining newideas withpractical action, inspirationand impact. Helping youtofind your ownspace, tobeleaders of change–tobebold, braveandbrilliant. Website:www.theGeniusWorks.com Email: peterfisk@peterfisk.com
  61. 61. peterfisk@peterfisk.com theGeniusWorks.com @geniusworks

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