Seven Disruptive Business

Trends for 2017What business trends will change how you lead your business?

Tripp Braden

Strategic Performance Partners

Seven Disruptive Business Trends for 2017

• Careers Stall

• Millennials Look for New Career Opportunities

• Teams Play an Increasing Role in Achieving Results

• Digital Transformation Becomes Reality

• Growing Your Business with Advanced Analytics and Cognitive Technologies

• Global Competition Drives You Out of Key Markets

• Increasing Regulation, Transparency, and Compliance Impact Your Business

Train people well enough so they can leave, treat them well enough so they don't want to.

- Richard Branson

Careers Stall

• By 2022, nearly 25% of people 70 to 74 will be working — double the figure in 1992.

• Limited upward mobility has younger workers migrate to startup and midmarket organizations to reignite their careers.

• Four generations of workers in the workplace requires managers to spend more time dealing with limited value activities.

• Shortage of new technology skills requires more agile compensation and employee development plans.

Millennials Look for New Career Opportunities

• Two in three Millennials expect to leave their jobs by 2020.

• Nine in ten (87 percent) believe that “the success of a business should be measured in terms of more than just its financial performance.”

• Only 16 percent of Millennials see themselves with their current employers a decade from now.

- The 2016 Deloitte Millennial Survey

Winning Over the Next Generation of Leaders

The strength of the team is each individual member. The strength of each member is the

team.

- Phil Jackson

Teams Play an Increasing Role in Achieving Results

• Fifty-four percent of respondents indicated that they spend up to 30% of their day in a team setting.

• Another 34% spend as much as 50% of their time working in a team setting.

• Yet 42% responded that they rarely, if ever, receive any training to get their teams off to the right start.

• Only 3% of respondents admitted to a lack of confidence in their ability to lead a team—despite the obvious lack of training on the part of their organizations.

- Ken Blanchard Companies

The Critical Role of Teams

Talent wins games, but teamwork and intelligence win championships.

- Michael Jordan

How Organizations Use Teams

• To handle special projects - 84%

• As department teams - 74%

• For internal systems innovation - 74%

• For customer service innovation - 51%

• For product innovation - 48%

• For employee development issues - 37%

• To reduce time to market - 21%

- Ken Blanchard Companies

The Critical Role of Teams

Why Do Teams Fail?

• Ineffective communication - 66%

• Lack of effective chartering - 56%

• Lack of clarity/understanding of roles - 47%

• Keeping morale/momentum high - 44%

• Keeping productivity high - 42%

• Lack of trust - 36%

Ken Blanchard Companies

The Critical Role of Teams

Digital Transformation Becomes Reality

• Are you leveraging technologies to enhance your customers' experience?

• How quickly can your organization adapt, change, and innovate?

• Is your organization ready to embrace a remote workforce?

• Does digital transformation align with your business strategies?

• How does the Internet of Things change your organization?

Silicon Valley is coming and if banks don’t up their game, then tech companies will take over

the industry’s business.

There are hundreds of startups with a lot of brains and money working on various

alternatives to traditional banking.

- Jamie Dimon, CEO, J.P. Morgan

Growing Your Business with Advanced

Analytics and Cognitive Technologies

• How much do you know about your key customers, partners, and competitors?

• Are you able to change the way you work with customers in your markets by embracing advanced analytics?

• How is cognitive computing going to change how you grow, manage, and lead your business?

• How will you decide where to invest your time and resources for optimal results?

Great discoveries and achievements invariably involve the cooperation of many minds.

- Alexander Graham Bell

Global Competition Drives You Out of Key

Markets

• How much do you know about your internal cost structures?

• Do you know which customers are your best, and why?

• How do you decide where to invest your capital to get a stronger ROI?

• Do your financial systems help you identify risk as well as potential

opportunities?

In today’s era of volatility, there is no other way but to re-invent. The only sustainable

advantage you can have over others is agility, that’s it. Because nothing else is sustainable,

everything else you create, somebody else will replicate.

- Jeff Bezos

Increasing Regulation, Transparency, and

Compliance Impact Your Business

• Is your business able to grow in an age of increasing government regulation?

• How much does it cost your organization to become more transparent with

customers and government agencies?

• Are your financial systems set up to help you decide what markets you

choose to compete in?

Want to know more about disruptive trends? You might enjoy our blogs

Developing Serving Leaders and Market Leadership Journal.

If you’re looking for help recruiting and building a great team, contact me at

440-293-8811 or tbraden@marketleadership.net