using megatrends to ensure the
       future success of your business

frederic de meyer
founder
frederic@i4fi.com
www.i4fi.com
www.fredericdemeyer.com
let’s start with a challenge:
what do these have in common?
here’s a hint…




                            In 2002 Barbie lost its   Until 2006 Coca Cola
Ford almost got out of      market predominance          was boycotted           GM’s Hummer saw
 business in the early       to a new competitor      multiple times in India   sales drop 85% from
1900’s for sticking to it   who just entered this       due to its water            2006 to 2009
standardized products       market the year before     mismanagement
                                                            practices
sometimes long-term shifts can
have short-term consequences!
but megatrends offer concrete
             opportunities as well




                                  Siemens                                         Crowdsourcing,
    Tata’s Nano-car        reorganization aligns          Google.org
 specifically designed                              philanthropic activities   desintermediation and
                          each business unit to a                               open innovation are
for rising middle class     challenge linked to      mixes core product
         in India                                      with social good          creating complete
                               megatrends                                          new industries
so why understanding and assessing
megatrends is crucial for the future of your
                business?
before we start… what are megatrends exactly?


             one hurricane is not a trend, it’s an event...



             an increasing number of hurricanes in the US is
             a trend, not necessarily a megatrend



             a worldwide increase in number and intensity of
             hurricanes would be a megatrend



             and the consequences might trigger new
             (mega)trends
look beyond the obvious…
 megatrends sometimes do have unsuspected consequences

                                                           ageing population

impact obvious

                                   health care                                   governments
                          need to prepare for massive elderly             need to find a solution for worsening
                            population with specific needs                         worker/retired ratio                                    retail
                                                                                                                           need to adapt to changing consumption
                                                                                                                                          patterns
                                                                    education
                                                           needs to develop specific programs to
                   transport                                        keep elderly at work
                                                                                                                  entertainment/leisure
        public transport need to adapt to needs
                                                                                                                  need to prepare for specific needs and
                  of elderly population
                                                                                                                          time of retired people



                              finance/insurance                                     manufacturing
                             specific offering for elderly people
                                                                               needs to find solutions for skills gap/
                                                                                          talent shortage
                                                                                                                                            marketing
                                                                                                                                  elderly people will keep at work through
                                                                                                                                             crowdsourcing.?
                                   utilities
                        adapt services to specific needs of
                                     elderly




impact less obvious
look beyond the obvious…
 megatrends sometimes do have unsuspected consequences

                                                        desintermediation

impact obvious

                               retail shops
                     did loose some business already through
                             direct selling/ ecommerce                                                                              music industry
                                                                                                                               some fan-funding models have gone
                                                                                       banking                                   broke, others getting successful
                                                                              peer-to-peer lending growing from
                                                                                    800m$ to 3b$ this year


                         marketing
                 crowdsourcing and open innovation
                        eating away share
                                                                            head hunting
                                                                     recruitment websites and social media
                                                                        are being used for talent search                            IT services
                                                                                                                           „do it yourself‟ concepts are getting
                                                                                                                                        mainstream

                                    health care
                          „peer-to-peer‟ health provision projects
                                         arise in US


                                                                                           Consulting
                                                                                  get instant / online / mass-customized
                                                                                                  advise?
                                                                                                                                            Governments
                                                                                                                                        direct redistribution of wealth?

impact less obvious
it‟s the crucial first step to ensure your future success

                          2. Business Model
 1. Megatrend exercise                         3. Strategy execution
                              innovation




          Mega trends




  generate strategic      make strategic         make strategy

     ideas               decisions                  work
in fact, megatrends could potentially transform many
areas of your business…


external

                  new           new business     new needs of      new customer
               competitors        models          customers          segments




                                        megatrends

internal

     new talents and    new marketing                       new go-to-      new production
                                         new ecosystems
      competencies          mix                            market models      processes
…and there are plenty megatrends to take into account…
how to assess the impact of megatrends on
   your company and draw meaningful
  conclusions for your business strategy
here‟s a simple process to assess the impact of megatrends on
your company:


                  #1 identify              Mega trends
               Megatrends to discuss



                   #2 discuss Megatrends
                          internally



                    #3 draw conclusions
                   and recommendations



               #4 Communicate results
               internally and externally
but the devil is in the detail…
guidelines for selecting trends to assess in your company


                 Mega trends



                         •     don’t select (solely) trends with an obvious
                               impact on your industry or company… the
                               most successful ideas for innovation will come
                               from elsewhere;

                         •     get your ideas and selection from a
                               combination of internal (survey) and external
                               (consultants) input;

                         •     generate 50 ideas for megatrends, select 20 to
                               discuss.
guidelines for discussing trends in your company




                       •   Invite people with different background,
                           functions and seniority

                       •   follow a discussion template (though don’t
                           stick to it);

                       •   take notes during the discussion;

                       •   5-6 persons per theme, 30-60 min. per trend;

                       •   also look at anti-trends;

                       •   keep it fun !
guidelines for drawing conclusions from the trends
discussions




                       •   segment the trends so as to show which ones
                           need action or a close monitoring




                       •   map the way megatrends impact your
                           customer segments and stakeholders
guidelines for communicating the conclusions of the
megatrends exercise




                       •   Set up different documents dependent on
                           target group and aim:
long-term shifts do have a short
term effect… prepare your business
               now!
do you want to use megatrend assessments to ensure the
      future success of your company? Get some help…

    ° thought-provoking opening keynote for your strategic planning session

      ° train you on how to manage a megatrend exercise in your company

      ° assist you all the way in conducting an in-house megatrend exercise

 ° audit your business in how future-proof you –and your competitors- are in the
                               light of megatrends




website   www.i4fi.com
blog      www.fredericdemeyer.com
mail      frederic@i4fi.com
Phone     +32 478 68 13 08
Preliminary reactions to the book:

discover more…                                                             “Frederic offers a unique insight of how global changes translate
                                                                           into new business opportunities. This book is an essential tool for
                                                                           any future-oriented manager or entrepreneur, and anyone who is
… in depth coverage of the impact of 20 megatrends on                      involved in innovation strategies.”
                                                                           Philippe De Ridder, co-founder, Board of Innovation
industries and companies;
                                                                           "It's a challenge to design a great strategy. In an world with
… more than 10 case studies                                                constant information overload, leaders have to learn to separate
                                                                           the core from the noise. Megatrends will help you get this job
… full details and best practices on the megatrend-exercise                done. This book will give you all necessary insights to identify
                                                                           those themes that are crucial for the future of your company. A
                                                                           must read!”
                                                                           Jeroen De Flander, co-founder, The Performance Factory,
       “The impact of megatrends on your company”                          author of “Strategy Execution Heroes”

                                                                            “Looking at the future with an open mind is an essential
                                                                           ingredient of leadership. This book has the merit of enabling this
                                                                           competence in a very pragmatic way. The reality is too complex
                          Available in Dutch at Die Keure Business &       and dynamic to leave it to specialized bureaus and top
                          Economics publishers                             management to deal with. Sustainable companies have all their
                          www.business-economics.be                        employees aligned to a common view of the future”
                          ISBN: 978 90 4861 210 9                          Koen Marichal, Director The Future Leadership Initiative,
                                                                           Antwerp Management School

                                                                           “This book is an excellent overview of the major trends, but on top
                                                                           of that offers a methodology to better assess the future reality and
                                                                           master its consequences. The author provides an essential
                                                                           guideline for any strategy exercise”
                          English version available on Amazon.com in       Peter Corijn, Vice-President, Procter & Gamble
        Available         December
       in English                                                          “A clear and comprehensible summary of the major trends that
                          (send me an e-mail at frederic@i4fi.com if you   makes you think about adapting your corporate strategy to the
         as from
                          want to get notified when the book becomes       new reality”
       November                                                            Ralph Van Lysebeth, Country Manager, Packard Bell
                          available)

Using megatrends for future success

  • 1.
    using megatrends toensure the future success of your business frederic de meyer founder frederic@i4fi.com www.i4fi.com www.fredericdemeyer.com
  • 2.
    let’s start witha challenge: what do these have in common?
  • 3.
    here’s a hint… In 2002 Barbie lost its Until 2006 Coca Cola Ford almost got out of market predominance was boycotted GM’s Hummer saw business in the early to a new competitor multiple times in India sales drop 85% from 1900’s for sticking to it who just entered this due to its water 2006 to 2009 standardized products market the year before mismanagement practices
  • 4.
    sometimes long-term shiftscan have short-term consequences!
  • 5.
    but megatrends offerconcrete opportunities as well Siemens Crowdsourcing, Tata’s Nano-car reorganization aligns Google.org specifically designed philanthropic activities desintermediation and each business unit to a open innovation are for rising middle class challenge linked to mixes core product in India with social good creating complete megatrends new industries
  • 6.
    so why understandingand assessing megatrends is crucial for the future of your business?
  • 7.
    before we start…what are megatrends exactly? one hurricane is not a trend, it’s an event... an increasing number of hurricanes in the US is a trend, not necessarily a megatrend a worldwide increase in number and intensity of hurricanes would be a megatrend and the consequences might trigger new (mega)trends
  • 8.
    look beyond theobvious… megatrends sometimes do have unsuspected consequences ageing population impact obvious health care governments need to prepare for massive elderly need to find a solution for worsening population with specific needs worker/retired ratio retail need to adapt to changing consumption patterns education needs to develop specific programs to transport keep elderly at work entertainment/leisure public transport need to adapt to needs need to prepare for specific needs and of elderly population time of retired people finance/insurance manufacturing specific offering for elderly people needs to find solutions for skills gap/ talent shortage marketing elderly people will keep at work through crowdsourcing.? utilities adapt services to specific needs of elderly impact less obvious
  • 9.
    look beyond theobvious… megatrends sometimes do have unsuspected consequences desintermediation impact obvious retail shops did loose some business already through direct selling/ ecommerce music industry some fan-funding models have gone banking broke, others getting successful peer-to-peer lending growing from 800m$ to 3b$ this year marketing crowdsourcing and open innovation eating away share head hunting recruitment websites and social media are being used for talent search IT services „do it yourself‟ concepts are getting mainstream health care „peer-to-peer‟ health provision projects arise in US Consulting get instant / online / mass-customized advise? Governments direct redistribution of wealth? impact less obvious
  • 10.
    it‟s the crucialfirst step to ensure your future success 2. Business Model 1. Megatrend exercise 3. Strategy execution innovation Mega trends generate strategic make strategic make strategy ideas decisions work
  • 11.
    in fact, megatrendscould potentially transform many areas of your business… external new new business new needs of new customer competitors models customers segments megatrends internal new talents and new marketing new go-to- new production new ecosystems competencies mix market models processes
  • 12.
    …and there areplenty megatrends to take into account…
  • 13.
    how to assessthe impact of megatrends on your company and draw meaningful conclusions for your business strategy
  • 14.
    here‟s a simpleprocess to assess the impact of megatrends on your company: #1 identify Mega trends Megatrends to discuss #2 discuss Megatrends internally #3 draw conclusions and recommendations #4 Communicate results internally and externally
  • 15.
    but the devilis in the detail…
  • 16.
    guidelines for selectingtrends to assess in your company Mega trends • don’t select (solely) trends with an obvious impact on your industry or company… the most successful ideas for innovation will come from elsewhere; • get your ideas and selection from a combination of internal (survey) and external (consultants) input; • generate 50 ideas for megatrends, select 20 to discuss.
  • 17.
    guidelines for discussingtrends in your company • Invite people with different background, functions and seniority • follow a discussion template (though don’t stick to it); • take notes during the discussion; • 5-6 persons per theme, 30-60 min. per trend; • also look at anti-trends; • keep it fun !
  • 18.
    guidelines for drawingconclusions from the trends discussions • segment the trends so as to show which ones need action or a close monitoring • map the way megatrends impact your customer segments and stakeholders
  • 19.
    guidelines for communicatingthe conclusions of the megatrends exercise • Set up different documents dependent on target group and aim:
  • 20.
    long-term shifts dohave a short term effect… prepare your business now!
  • 21.
    do you wantto use megatrend assessments to ensure the future success of your company? Get some help… ° thought-provoking opening keynote for your strategic planning session ° train you on how to manage a megatrend exercise in your company ° assist you all the way in conducting an in-house megatrend exercise ° audit your business in how future-proof you –and your competitors- are in the light of megatrends website www.i4fi.com blog www.fredericdemeyer.com mail frederic@i4fi.com Phone +32 478 68 13 08
  • 22.
    Preliminary reactions tothe book: discover more… “Frederic offers a unique insight of how global changes translate into new business opportunities. This book is an essential tool for any future-oriented manager or entrepreneur, and anyone who is … in depth coverage of the impact of 20 megatrends on involved in innovation strategies.” Philippe De Ridder, co-founder, Board of Innovation industries and companies; "It's a challenge to design a great strategy. In an world with … more than 10 case studies constant information overload, leaders have to learn to separate the core from the noise. Megatrends will help you get this job … full details and best practices on the megatrend-exercise done. This book will give you all necessary insights to identify those themes that are crucial for the future of your company. A must read!” Jeroen De Flander, co-founder, The Performance Factory, “The impact of megatrends on your company” author of “Strategy Execution Heroes” “Looking at the future with an open mind is an essential ingredient of leadership. This book has the merit of enabling this competence in a very pragmatic way. The reality is too complex Available in Dutch at Die Keure Business & and dynamic to leave it to specialized bureaus and top Economics publishers management to deal with. Sustainable companies have all their www.business-economics.be employees aligned to a common view of the future” ISBN: 978 90 4861 210 9 Koen Marichal, Director The Future Leadership Initiative, Antwerp Management School “This book is an excellent overview of the major trends, but on top of that offers a methodology to better assess the future reality and master its consequences. The author provides an essential guideline for any strategy exercise” English version available on Amazon.com in Peter Corijn, Vice-President, Procter & Gamble Available December in English “A clear and comprehensible summary of the major trends that (send me an e-mail at frederic@i4fi.com if you makes you think about adapting your corporate strategy to the as from want to get notified when the book becomes new reality” November Ralph Van Lysebeth, Country Manager, Packard Bell available)