You Survived Now What_North_Star

You Survived Now What_North_Star - [Type text You Survived...

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[Type text] You Survived, Now What? 1 North Star Partners - 6166 Hidden Canyon Rd., Centreville, VA 20120 703.401.2623 You’ve Survived, Now What? (or, The Future Isn’t What it Used to Be) Michael Petty
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[Type text] You Survived, Now What? 2 North Star Partners - 6166 Hidden Canyon Rd., Centreville, VA 20120 703.401.2623 You Survived, Now What? The economic turbulence of the second half of 2008 and all of 2009 has challenged the leadership capacity of many organizations like never before. Many organizations, both for profit and not-for-profit, saw revenues shrink dramatically, many in the range of 25-40%, or greater. In this environment many leaders and managers resorted to the primordial, survival mode. The immediate, knee-jerk reaction was to cut production, programs, and people. In this environment, the strategic horizon was instantly abbreviated to the next payroll period for many organizations. As a result of this economic upheaval, firms face a new reality, one of chaos, complexity and continuous change. To lead organizations through this new economic landscape it will be imperative for strategic leaders to think beyond the challenges of the next payroll period, month, quarter, year or even their traditional strategic planning horizon. It will be imperative that they think strategically. Chaos, Complexity and Change Not many leaders will argue that the past two to three years have not been chaotic, complex and characterized by rapid change. At the turn of the millennium the terms sub-prime mortgage and credit default swaps were known by only a select handful of financial specialists. By September 2008, the impact of these two financial instruments threatened the financial stability of the world’s economy. The result was U.S. government bailouts to the tune of hundreds of billions of dollars. The term billion dollar bailouts was unknown to virtually everyone, yet the vast majority of individuals, organizations and their leaders have been affected. What’s ne xt? In his compelling book, The Extreme Future , futurist James Canton believes that there is plenty of chaos, complexity and “extreme change” on the horizon that will rock our world over
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[Type text] You Survived, Now What? 3 North Star Partners - 6166 Hidden Canyon Rd., Centreville, VA 20120 703.401.2623 the next ten to twenty years. Imagine a world in which 80% of all entertainment is downloaded from the Internet; 90% of consumers want tests to detect their genetic destiny; the ratio of women to men in the workforce is 2:1, and 60% of the individuals in the workforce are robots; 80% of consumers buy cars that only used renewable energy; 75% of Americans use performance enhancing drugs; 25% of Americans live past 100 years, and 80% of those are women. These are just a few of the possibilities that Canton forecasts for the not-too-distant future. How many of these or other seemingly radical forecasts are given any consideration in your strategic thought process? Is Strategic Analysis Strategic Thinking?
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You Survived Now What_North_Star - [Type text You Survived...

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