The next round of organizations to fail in the wake of disruption will do so not because their leaders didn’t see the future coming, but because they failed to see their own organization’s place in it
Digital or bust: why you must truly transform. “The decisions you make and actions you take will extend well beyond digitalizing the things that got you where you are today. Instead of starting with a laundry list of technology projects, start with a reason why, draw upon innovative business models, breakthrough strategies and entirely new forms of value, and end with a winning formula for thriving in the future and playing a vital role in creating it.”
New EY Research: Moving from analog to digital – A new paradigm for risk management.“The time for risk management to act is now. Products and services — and the manner in which customers are being engaged and served — are already changing materially. Without risk management being deeply involved in such change, firms run the risk of mispricing or understating risk, or inadvertently creating future misconduct-risk challenges. Very soon that risk will be dwarfed by the potential failure of risk management to inform and guide material changes to business and operating models — and the very role of existing players in the industry’s value chain. Risk management has to have a seat at the table, and to be credible it needs to be very much part of the overall digital transformation discussion, from strategy to implementation. Being an interested spectator is not an option.”
The Industry 4.0 Paradox: Overcoming disconnects on the path to digital transformation. “As organizations seek to adopt digitally transformative technologies within their organizations, the potential for innovation has never been greater. Respondents note that their companies are driven by—and currently prioritize—efforts intended to improve current operations and processes and build a strong foundation for future developments. As they continue to digitally transform, however, organizations should recognize that using technology to drive innovation, rather than just improve current processes, offers strong prospects for growth.”
The constant consumer – Amazon’s mission is to make customer identity more primary than citizenship. “A user isn’t just an evolved customer but a qualitative transformation of that role: one who occupies a system and creates value for the system’s owner by merely being there, just as Google and Facebook’s users generate valuable data by partaking of their services. Those platforms, for all their seeming omnipresence, haven’t figured out how to expand beyond their digital containers. This is Amazon’s ambitious vision: The world is its platform, and instead of being customers, we will just become users whether we are looking at screens or not.”
The purpose of life is not happiness. Happiness is never glamorous. “A meaning to one’s life should embrace a struggle for it is necessary to move through time believing your suffering holds a great purpose. Thus it is not a question of a meaning to life itself, but instead a meaning to the suffering endured through life.”
James Altucher asks: Are you a wanderer?“Every year, no matter what is going on in your life, no matter how “great” you are, bad things will happen. These things don’t make you a wanderer. How you deal with them makes you a wanderer.”
Last but not least, enjoy THINK 19 speaker Seth Godin’s latest presentation at Adweek.
Join Seth Godin at THINK 19. Early-bird discounts apply through October 31. Interested attendees are encouraged to register now, while early-bird discount pricing is still in play. Rates go up on November 1 and will continue to increase in the months leading up to the conference. Special discounts are also currently available for groups of four or more attendees. Visit the THINK site to learn more. Or better: Register now!