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The Innovation Imperative!Monday, October 21, 13
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It’s a VUCA World!
Monday, October 21, 13
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VVolatility
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UUncertainty
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CComplexity
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AAmbiguity
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Welcome to the New Normal!
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What’s causing
this?
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Globalization
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Not Cycles ...
Permanent Seismic Shifts!
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Convergenceof Technologies
Design Cloud
Internet ofThings Robotics
Modular
3D Printing
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0
20
40
60
80
1968 1980 1988 1998 2008 2020 2028 2034 2038
Spending Wave
Baby BoomPeak
Echo Boom
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Global Talent War
Engineering Students
USA < 75,000/yearIndia > 250,000/yearChina > 350,000/year
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Rise of the Platform Company
iPod Economics
2-3% for Chinese Manufacturer40% for Apple
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Impact of Generational Shifts
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Generation Birth Dates Median Agein 2015
Boomer 1946-64 60
Gen X 1965-80 43
Millennial 1980-95 28
Gen 2020 1995 - today First will be 20
circa 2013
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Monday, October 21, 13
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size = cultural force
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Millennialsa Deeper Look
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Generation Population
Boomer 81 Million
Gen X 61 Million
Millennial 85 Million
Gen 2020 > 85 Million
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Digital Nativesnot
Immigrants
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InnovationAverage is over!
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If we don’t “get”Gen-y
We’ll never “get”Gen-z.
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Education cannot keep up. Teachers are unprepared and behind. Most teachers
are analog. Gen Z is digital.
Can business leaders keep up?
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Expectations of an App World and Interface Culture:
InstantAuto Updates
Auto FixeslnnovationInterface
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Why?vs.
Why not?
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Technology Expectation/Adaptation Gap
Consumer Primary Whsle/GC Sub
We frame the world byour view of Tech
Next Gen
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What has been the impact of all theseshifts on business?
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What is an industry?SIC Changes
1972-1987: 50 deleted1987-1997: 500 deleted
The pace continues
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What is an industry?Firms Failing Annually
1978: 10,000, stable since 10501986: 60,0001998: 73,000
Pace continues
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What’s happening to the economic life of our business models?
1992: 10-20 years 2002: 5-8 years 2013: ???
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What’s the chance that your company will significantly
outperform the economy or market over the next 5 years?
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Gallup Poll of 500 CEO’s•“Who took best advantage of change in your industry over the past 10 years - newcomers, traditional competitors, or your own company?”
•“Did these newcomers win by executing better or by changing the rules of the game?” 62%
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So what can we do?
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1. Create a vision and a mindshift ... Our Journey
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Our Question:How do we lead in a world full of
changes we can’t predict, industries we can’t imagine, and jobs for which we
have no vocabulary to describe?
?
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Our Challenge:How do we develop resilience and
strategic opportunism for the long haul?
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Board Report from 2026presented to the Presidents’
Summit in 2012
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2026$7B100
15,00010%
10 x 10X
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NumeratorDenominator
Limit = 0
Limit = ∞
EfficiencyEffectiveness
Innovation
20-MileMarch
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2. Establish internal think tanks on:
Innovation and SolutionsField Labor and LeadershipBecoming a Talent Magnet
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3. Learn/teach/embed innovation disciplines
- Training Innovation Mentors - Company Innovation Teams - Fire Bullets, Then Cannonballs
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Monday, October 21, 13
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4. Leadership and Innovation... Everyone and Everywhere
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70
20
10
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5. Bake into Business Planning
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6. Benchmark and Partner
Learning Exchanges
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7. Lead for Innovation
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APi Group
Non PerformingMisaligned
DisciplinedProfitability
DisciplinedGrowth
Game Change
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33%
33%
33%
Acquisitions Organic Innovation
Balanced Growth2026
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2012
2025Base Camp 3
2020Base Camp 2
2015Base Camp 1
2030Summit
Most Disc
iplined Company
Most Innovati
ve Company
Flywheel of V
alue C
reatio
n
20 Mile MarchOperating Code
Lean
IncubatorInternal & External
VCAcquisitions
World Clas
s Tale
nt & Lead
er Develo
pment
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Escaping the Tyranny of the Urgent
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Commitment toa 10 Year and Forever
Journey
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Dan WooldridgeStrategic Leadership Advisor
APi Group Inc.303.250.0806
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