surviving and thriving in the new economy facing the reality of a transforming business world -...

Benoit Montreuil © 2004-2010

Benoit Montreuil © 2004-‐2010

Benoit Montreuil, P.E., Ph.D.

Canada Research Chair in Enterprise Engineering

CIRRELT Interuniversity Research Center on Enterprise Networks, Logis<cs and Transporta<on

Faculty of Administra<on Sciences

Université Laval Québec, Canada

[email protected]

Surviving and Thriving in the New Economy Facing the Reality of a Transforming Business World

Version: October 14th, 2010


Surviving Thriving in the New Economy Facing the Reality of a Transforming Business World

• A road trip in this transforming business world • Through a portray of the new economy’s four characterizing quadrants

•  Aiming to spark the required adaptation of your world view, mental models, mind maps and fundamental paradigms


The four quadrants of the new economy Understanding the transformation so as to be better survive and thrive


Benoit Montreuil © 2004-2010 Benoit Montreuil © 2004-2010

Global

The first quadrant of the new economy Understanding the transformation so as to be better survive and thrive


Global

Clients, partners and competitors from around the world


A flattening world

Global

Benoit Montreuil © 2004-2010 Global value chains

Global Ubiquitous interconnectivity


Global

Local, Regional, Global


Global

Free trade zones

Source: http://europa.eu


Global

Product localizing


Global

Ethics and Equitability


Global

Environment and sustainable development


Global

Legislations and certifications

Trade groups National organizations

Regional organizations

International organizations

World

Supranational

National

State or province

Locality: towns, regions



Global

• Clients, partners and competitors from around the globe

• A flattening world • Ubiquitous Interconnectivity • Global value chains • Local, regional, global • Free trade zones • Product localizing • Ethics and equitability • Environment &

sustainable development • Legislations & certifications


The second quadrant of the new economy

Global Digital

Understanding the transformation so as to be better survive and thrive


Digital

eBusiness



Virtual communities


SecondLife

YouTube

FaceBook

LinkedIn

Digital


Digital

Telepresence & virtual enterprises

CISCO TelePresence http://www.cisco.com/en/US/products/ps7087/prod_view_selector.html



Digital

Virtual marketspaces and business webs



Digital

Mobile technologies Benoit Montreuil © 2004-2010


Digital

Connective technologies GPS, RFID, Web, ambient intelligence

Source : http://www.microsoft.com/streets/ProductDetails.aspx?pid=001



Digital

Live traceability and visibility Benoit Montreuil © 2004-2010


Digital

Virtual agents

Miami Beach broker Maria Gomez uses an attractive bot virtual agent to sell condos in Miami Beach Source: http://blog.sellsiusrealestate.com/residential-real-estate/robot-sells-condos-on-miami-beachs-millionaire-row/2006/08/09/



Digital

Real time piloting

http://www.management-cockpit.net



Digital

Digital outsourcing Photo: NewsCom.com, Sherwin Crasto



Digital

Open Source Benoit Montreuil © 2004-2010


Les grandes facettes de la nouvelle économie En saisir la nature et les impacts afin de mieux se préparer à prospérer


Digital



Global Digital

CoopeRRve

The third quadrant of the new economy Understanding the transformation so as to be better survive and thrive




Coopetitive Source: cowlesgallery.com





Coopetitive

Lenovo production plant in Beijing : http://msnbcmedia.msn.com/j/msnbc/Components/Photos/050519/050519_china_silicon_hmed5p.hmedium.jpg http://www.lenovo.com/products/us/en/





Coopetitive Source: http://bayview.toyota.ca/ Source: www.thornhillgm.com






Free video calls on Internet with Skype!





Source: http://johnbell.typepad.com/weblog/2006/09/3_ways_lego_lea.html

1.  In 2004, LEGO invited 4 expert users, master-builders, to help design the Mindstorms product

2.  A year later, 10 more joined to test what had been developed. Recently, 100 more spots opened up, for which nearly 10,000 people applied

3.  Next, LEGO invited major corporations and organizations to join the developer’s circle.

4.  LEGO events: to BIG ROBOT ON CAMPUS! 5.  A social media network has inevitably sprung up

around MINDSTORMS NXT users 6.  There are the Mindtsorms blogs such as Nxtbot and

bNXT 7.  LEGO product drives us to create or co-create. 8.  Not just build our own robots or our own code for

the bots but communities and events, such as the First Lego league International


Global Digital

CoopeRRve

The fourth quadrant of the new economy

Turbulent



Change your time frame by an order of magnitude: From years to months to weeks to days to hours to minutes to seconds

http://www.exefind.com/free-wild-nascar-screensaver-P28756.html


Web source: Doctissimo – image bank: London, San Marin Lane Hotel




Turbulent Benoit Montreuil © 2004-2010 Sources: Science-et-vie.com et Encyclopedia Universalis

Electronics

Nano

Bio

Space

Vehicles




Turbulent

ALCAN ALCOA

Alcoa veut acheter Alcan 7 mai 2007 - 07h19 LaPresseAffaires.com Michel Munger Le numéro deux de l'aluminium, Alcoa (AA) lancera mardi une offre hostile afin d'acheter le numéro trois Alcan (AL) pour 73,25 $ US par action.

www.stockhouse.com





Turbulent www.desertratdemocrat.com

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www.esoturio.de

www.osha.gov/as/opa/911/





Turbulent stud

ents

.resa

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wsk

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Turbulent

http://perso.orange.fr/pgj/hubble/2003-13-a-web.jpg



CoopeRRve Turbulent

The four quadrants of the new economy

This impacts every enterprise in the world

Global Digital



The four quadrants of the new economy

This impacts every enterprise in the world

Turbulent CoopeRRve

Digital

Global


• Clients, partners and competitors from around the globe • A flattening world • Ubiquitous Interconnectivity • Global value chains • Local, regional, global • Free trade zones • Product localizing • Ethics and equitability • Environment &

sustainable development • Legislations & certifications


How to profit from a better understanding

of the transforming business world

1. Review systematically your business world view

1.  When pertinent, adjust the portray to suit the evolving reality •  Challenge both the quadrants and their characteristics •  An unrealistic portray can dangerously mislead you

2.  Make sure you can sign the portray as the best you can draw 3.  Write, illustrate and deliver it so that your team makes it its own 4.  Remember that the portray will get obsolete, so get back to 1.1



2.  For each each key facet of your business world view, assess its impact on your business

1.  Find hard facts pertinent to your business 2.  What are the opportunities and threats for your business?

3.  To which degree are you ready to face the music? What your strengths and weaknesses? Leader or laggard?

4.  In which way does it challenge or alter your mental models, mind maps and fundamental paradigms ?





3.  Consider the big picture, integrating all its facets, to assess the overall impact on your business 1.  Make a brief, realistic, vivid, easy-to-understand synthesis. 2.  Co-create and share this synthesis with your team.

3.  What is its holistic meaning for your business and yourself? •  Overall threats and opportunities, weaknesses and strengths •  What are our key gaps? •  Are we leaders, middle of the pack, or laggars

where it is going to really count? 4.  In which way does it challenge or alter your mental models,

mind maps and fundamental paradigms ?





4.  Engage in adapting your business and in innovating: relentlessly, now and forever

1. Be creative: What adaptation and innovation can you imagine in terms of product, service, solution, process, business model that could enable your business to survive and thrive?

2. Explore: Road test potential adaptations and innovations, through simulations and pilots, learning from both successes and failures

3. Go for it: Deploy best fit adaptations and innovations: well, fast & global





5.  Execute smartly anytime anywhere

1.  Every single action and decision you take matters •  Make sure you keep in mind your learnings and leverage them •  Be disciplined, keep stretching yourself and your team

2.  Everyone matters •  Enable, leverage and stimulate every stakeholder:

client, team member, supplier, partner… 3.  Always sense, learn and share

•  Exploit every occasion to push your frontiers, to challenge and expand your world view

4.  Have fun and stimulate passion •  People make the difference •  Help your people have a great life and thrive •  They will help your business survive and thrive





Conclusion

I like to see the transforming business world as offering a wealth of challenging opportunities

We must not fear of reinventing ourselves so as to better thrive: adaptability is key to survival

Going solo is often too slow, costly and risky: Networking with partners must become a way of life

We need more than hard work, it has to be smart, engaging & fun




Benoit Montreuil, P.E., Ph.D.

Canada Research Chair in Enterprise Engineering

CIRRELT Interuniversity Research Center on Enterprise Networks, Logis<cs and Transporta<on

Faculty of Administra<on Sciences

Université Laval Québec, Canada

Surviving and Thriving in the New Economy Facing the Reality of a Transforming Business World

surviving and thriving in the new economy facing the reality of a transforming business world -...

Business

global benoit montreuil

visibility benoit montreuil

coopetitive benoit montreuil

linkedin benoit montreuil

regionsbenoit montreuil

cacoopetitivebenoit

worldbenoit montreuil

equitabilitybenoit montreuil