The twenty first century is vastly different from the twentieth. It demands a radically new set of skills and competencies. Lifelong learning takes on new meaning. Ignore it at your peril.
3. 2. Rise of
smart
machines
and systems
1. Extreme
longevity
Increasing global lifespans change the
nature of careers and learning.
Workplace automation nudges human
workers out of rote, repetitive tasksSource: iftf.org
7. 1-7
LO 1-2
Market Value per Employee
GM - $240,000/-
TESLA - $2.9M
THE NEW REALITY
Labor, Information and capital move easily, cheaply, and instantly in 21st
century companies
– FRICTION FREE ECONOMY
Airbnb – owns no real estate – mkt cap $12B
Alibaba – owns no inventory - $175B
Uber – owns no cars - $51B
8. Company Market Value Capital employed
Walmart $250B $154B
Amazon $250B $35B
• Digital printers Vs Lithographic presses
• 3D printers Vs casting, forging, lathing equipment
• Photovoltaic cells Vs Conventional power plants
• Internet that can make capital more efficient – Uber, Airbnb,…
9. OUR WORLD TODAY
Mkt value per $ of physical assets
1-9
LO 1-2
VISA
$101.1
FB
$53
APPLE
$30.2
J&J
$19.9
GM
$1.9
If you can touch it, it ain’t real!
10. The most profitable industries .. are asset-light in
terms of physical capital.
McKinsey Global Institute
11. • 45% OF TASKS PERFORMED BY U.S. WORKERS CAN
BE AUTOMATED BY CURRENTLY EXISTING
TECHNOLOGIES - McKinsey
12.
13. Some threats to the Financial Services Industry
Payments Lending
Wealth Management Retail Banking
14.
15. • Every business is under siege.
• Every individual is under siege.
• Tomorrow is already here.
• Businesses can reinvent themselves only when their
people reinvent themselves.
• Be motivated by the desire to achieve, not
by the desire to defeat others.
17. The Brave New World
Learn to forget;
Don’t forget to learn!!
Failure could be your best friend.
18. DISTINCTIFY… OR DIE!
“If there is nothing very special about your work,
no matter how hard you apply yourself, you
won’t get noticed and that increasingly means
you won’t get paid much, either.”
— Michael Goldhaber, Wired
19. • If you want to accomplish
something never before
accomplished, you must
attempt something never
before attempted.
• We cannot solve problems
with the same thinking we
used when we created
them.