Exponentials Downunder

Growing You & Your Business

Month: May 2016 (page 1 of 2)

Leaner, faster, more decentralized – Jeff Immelt’s address to Stern’s School of Business Graduates

Jeff Immelt GECLast Friday, GE’s CEO delivered NYU Stern School’s commencement address. This FORTUNE piece highlights his insights, including:

“Change requires new business models… leaner, faster, more decentralized.

The days of cycling global ideas through a central headquarters is over.

Globalization requires pushing capability to local teams who are empowered to take risks without second guessing.”

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Want support in transforming your business into an exponential growth business, ready to thrive in the new world of business? Email or call me on +61 (0) 439 979 577

Stress and Overwhelm Don’t Co-exist with Clear, Resourceful Thinking.

Stressed out brainStress and overwhelm steals your blood supply from your brain and directs it to the parts of your body that help you run faster, hit harder or freeze stiller.

It’s not just your blood flow that’s effected.  Your stress hormones, the most famous being adrenaline, floods your body and brain.

stress 2Thinking clearly is definitely impaired.  If you have been stressed out and overwhelmed for a long period, you haven’t taken a holiday for a long time or if you have a number of personal and business incidents and concerns you aren’t dealing with well, then your thinking will definitely be in the knee jerk category.

When you realise this and take responsibility for your own stress and overwhelm, you set up some simple regular practices such as:

  • This will help you work off the build-up of stress in your body and help you rehabilitate your on/off stress switch.
  • Yoga, meditation, long baths – whatever relaxes you – do it regularily.  This helps you build a bank of calmness for you to draw upon.
  • Both personal and business reflection.  You need to be reflecting on your business goals on a weekly basis.  Having an end of week process to debrief your achievements, learning and progress really helps you stay focused and effective in the moment.  Having a friend or a mentor for your personal issues reflection makes a big difference if you do a weekly catch up.
  • Business meeting with yourself, at least fortnightly, to track your progress against your quarterly business goals allows you to respond to opportunities and risks and deal with them in the course of your fortnight.

These practices build up a bank of personal capacity that allows you to think clearly and resourcefully.

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Want to take control of your life and your business? Email or call me +61 (0)439 979 577 for a chat about you taking charge.

Comfort and Growth don’t Co-exist.

The human and the being are two separate parts of who you are.

Your human was born to a family, a community and a education system whose values you accepted and adopted as your own.  Your human’s agenda is simple: food, shelter, security and  some fun will satisfy most humans.

Your being is different.  It has come here for a reason.  There’s something it has come here to achieve.  It’s where all of your freedom, creativity, wisdom and courage comes from.  It’s agenda is to serve what it has come here to do.  Food, shelter, security and fun are none of it’s concern.

Sometimes your human tries to serve only it’s needs at the costs of the being’s agenda.  These are the humans who live half lives, absent from fulfillment, satisfaction and joy.

Sometimes your human gets dragged, kicking and screaming by your being, risking all for a daring adventure with no guarantee of success, reward…or even sometimes; survival.

You see, the reasonable person, adapts themselves to their circumstances.

The unreasonable person, adapts their circumstances to them.

The world needs more unreasonable people.

You see, comfort is over-rated.

Also, comfort and growth don’t co-exist.

If you stay comfortable too long, like water that doesn’t flow, you will stagnate.

I am coaching a coach who has a business owner who is 68, who has just decided to double his business in two years.  He doesn’t need to.  He wants to.

He also has another business owner, at age 84, who is on track to double his company turnover in four years.  Same story.

You know, Martin Luther King didn’t have a dream.

His dream had him.

I am of the opinion, that people who are actively chasing a dream that inspires them,

Are energised by that dream, sustained and inspired by that dream,

Ever-growing, ever learning, ever re-inventing themselves,

Way beyond and faster than humans who cling to safety, security and the known.

These are the people who inspire me.

These are the people I get to coach.

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Do you recognise yourself in this? I’d like to talk with you if you do. Email or phone me. 0439979577

Coaching from Beyond

You know, there are some people who really make a difference in your life.

Two of these in my life, have passed away.

KevinFirstly, my mentor and friend for many years, Kevin Lohan passed away last November.  He keeps making a difference in my life and my business.  Every time I hit an obstacle, I ask the question, “What would Kevin be thinking right now?”  He was a master of unraveling puzzles and he always encouraged me to think outside of my little box.

Bill Campbell 5Bill Campbell passed away last month.  He was an amazing coach with extensive CEO and Director experience who coached anyone who had a pulse in Silicon Valley.   After a while, he stopped charging for his services, saying: “Silicon Valley was good to me.”  He shows me every day, how it’s my humility,  intuition and willingness to tell the truth at the right time that takes me into the realm of being a great coach.

The reality of death is a great motivator.

However, it’s amazing the legacy that some people leave after they die.

Who is it for you, that gives you strength, doorways to new possibility and inspiration who has passed away.

It’s good to remember the people whose shoulders you stand upon.

Well – What is Digital Disruption? 2

Here’s another take on explaining this with this short film from Deloitte – it’s encouraging business owners to embrace digitalising their business.

Well worth a look!

Check this out.

There’s also a number of articles courtesy of Deloitte.

Well – What is Digital Disruption?

I’ve been talking about this to lots of people and it’s a really hard thing to explain.

The truth is, that it’s so foreign and so out there, that we all approach what it is from our own unique perspective.

The other truth is, that it’s all around us.  The fish, they say, discovers water last.

So I’ve found this video – made from an American factory working machinist, who explains and physically demonstrates, in a factory environment, in simple, down to earth terms, what digital disruption is all about and how it’s effecting us in economic terms.

It’s worth a look and it takes about an hour.

– enjoy and learn.

Is any profession safe from Digital Disruption?

Would you trust an “artificially intelligent colleague” to solveAI your legal disputes?

It may be closer than you think as AI and cognitive technology advances prove no industry is safe from disruption.

(thanks to the Procurious Blog for this article)

At the end of last week, it was announced that a major US law firm, Baker & Hostetler, had hired Ross to run its bankruptcy practice. Not major news you might think, until you realise that ROSS is the world’s first “artificially intelligent attorney”.

Built upon the same concept as IBM’s Watson, and using the same cognitive technology, ROSS is another example of a major technological disruptor, and proof that no profession is safe from the advance of AI.

Setting a Precedent

In many ways, ROSS is very similar to the original Watson technology. The AI can read and understand language, generate hypotheses for questions it is asked, and can back up these hypotheses with research and citations from legal literature and cases.

The success of ROSS is centred on how it learns. As the AI interacts more with its human colleagues, it learns from its experience, getting more intelligent and faster at problem solving with each task it does.

It can also perform these tasks faster than human counterparts, examining thousands of documents in a fraction of the time it would take a person to do. It is also able to filter these results, and only presents the most relevant cases and citations from the data available.

Although Baker & Hostetler are the first to publicly announce signing up ROSS, Andrew Arruda, CEO and co-founder of ROSS Intelligence, has confirmed that a number of other law firms have already signed licences to use ROSS too.

My own market research confirmed this trend in my industry

In December, during the process of my stage one of my business digital disruption, I discovered that there were already two artificial intelligence driven coaching products on the market.

At the time, feedback showed the technology was performing at a simple level, but it had aready automated several key coaching services.

What does this mean for your industry?

That is precisely what you are in charge of.  How are you going to respond to this trend?  Where are you going to position yourself and your products in the market to ring fence your clients from this challenge?  Can you use this technology to your own advantage?  How?

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There’s many more questions you need to ask yourself. Let me know if you need some support with this. email me.

Disrupting Your own business…before someone else does!

“If there is more change outside of your business than what’s happening inside of your business… the end is near!”

One of Jack Welch’s great quotes, is frighteningly accurate, given how many businesses I see operating as “business as usual”.

Why?

In preparing for a talk about Digital Disruption, I’ve been reviewing a number of Tsunami Videos on YouTube.  It’s a graphic demonstration of exponential growth, characterised by long periods of slow growth, then punctuated by a period of sudden and overwhelming growth.

The parts that get me is seeing people completely taken by surprise, some of them curious about what is happening and putting themselves in the way of danger.

Why aren’t we talking about this more?

You see, everything you see on TV,  delivered by “trusted media personalities”, is not an accurate description, “twisted by spin” to cater to some deep pocketed interest group.

The whole concept of digital disruption, instead of being debated and explored in the television media, has been relegated to another techno buzz word we don’t really want to know about.

That’s why it’s good to be proactive about change.

Actively disrupting your own business, educating yourself about the big and important trends and positioning yourself to take advantage of these big changes, are best practice behaviors in the face of impending and overwhelming change.

And then there’s cultural disruption.

Forget the fuss about the resetting of boat people in Australia – that’s small numbers.

A friend who recently returned from a business trip to China told me: “They are coming for your quality food, they are coming for your investment properties, they are coming to come and live in Australia” 

She was shocked at what she saw as overt and publicly discussed plans to settle and own Australia.  Sydney was seen as a preferred option.  She no longer wanted to work with Chinese companies, knowing this.

So what can you do?

Perhaps it’s time to learn Mandarin or Cantonese – certainly we should be encouraging our children to learn these languages, if such a human tsunami is coming.

So how are we to survive and thrive in such massive changes?

Most of these things, you can’t stop – they are beyond your control

Talking and thinking thoroughly about it before it happens is usually a good idea.

That’s the first steps to forming a strategy.

Let me know what you think.

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You’ll find I’m always up for a talk about how to position yourself for a future in a rapidly changing world. email or phone me:  0439 979 577

 

Everybody dies, but not everybody lives

People living into their future!

Light rail 2I was visiting new clients out West in Penrith and came across these six light rail carriages reclining in a back block area with other heavy machinery and big bits and pieces.

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Here’s someone  who is thinking about the future and putting their money where their thoughts are.

Business people amaze me with their ingenuity, innovation and imagination…eyes on the future, acting in the now.

If you have any amazing pictures of people doing amazing stuff squirreled away for the future, send it in and we’ll post it up here.

 

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