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Future trends aust_hort_webinar
1. Horticulture 2020 – How will you adapt
to survive?
Russell Cummings
Strategic Business Development
May 2015
2. Doing Business in a VUCA World
VUCA an acronym used by American Military to describe extreme conditions in
Afghanistan/ Iraq and now being adopted by CEO’s to describe current business
conditions
• Volatile – change happens rapidly and on a large scale
• Uncertain – the future cannot be predicted with any precision
• Complex – challenges are complicated by many factors and there are few single
causes or solutions
• Ambiguous – there is little clarity on what events mean and what effect they may
have
Source:
http://leadersgrowth.wordpress.com/2013/05/14/helping-clients-deal-with-the-leadership-shift/
4. The Consumer is Still King (or Queen)
• Strategy A: Understand the needs of your
Customer
• Strategy B: Develop or align with a strong
brand
• Strategy C: Create a direct-to-consumer
channel for your business
• Strategy D: Leverage the Urban Consumer
5. Leveraging the Global Market
• Strategy E: Build export markets for
a proportion of your production
• Strategy F: Tapping into the
Global Worker
• Strategy G: Attracting and
retaining quality employees
6. Adding Value to Your Products and Services
• Strategy H: Develop a
clear Product Strategy
based on your
Competitive Advantage
• Strategy I: Develop Value
Added Products
7. What is your competitive advantage?
• The essence of great businesses is that they clearly
understand their competitive advantage and create
strategies and processes to support this.
• A competitive advantage is an aspect of your
business that does 2 things:
– Adds Value to the Customer
– Beat the Competition
• Your competitive advantage should drive your
Marketing & Sales Strategy which in turn should drive
your Operations.
• Focus on understanding your current competitive
advantage first then build future competitive
advantages.
8. Cheap, powerful technology is driving change
• Strategy J: Leverage your
data to make better
decisions
• Strategy K: Increase the
level of automation in
your business
9. Boosting Productivity and Quality
• Strategy L: Introduce Lean
Thinking to your business
• Strategy M: Determine how
you can optimise the
utilisation of your existing
infrastructure
10. Innovative Ways to Fund Growth
• Strategy N:
Embrace
innovative
strategies to fund
your growth
14. Focus on managing the change
• Research tell us the probability of change success in whatever
project or initiative a business undertakes is as low as 30% which
means there is a 70% probability that you will fail.
• Mindshop recently released a new Change Success model in
order to help business owners to boost their probability of change
success.
21. 1. Ignore it and continue doing what you are doing
2. Be confident you are on the right path for
success in 2020 and continue to refine your
offering and build your business
3. Realise what you are currently doing will not
sustain your business in 2020 and make some
rapid changes.
You now have three choices: