“The storms of creative destruction are blowing us to a better place.”
This is a quote directly from “Megachange, The World in 2050” published by The Economist in 2012.
I write regularly about the speed of change and how ‘Moore’s law’ is now applying to nearly every industry, from genetics and biology to social media. It now also applies to the speed with which we are adopting to and embracing new technology. Combine those two now and you now have an explosive mix of change.
These trends are not linear but exponential, therfore we are talking change with rocket boosters, increasing speed all the time.
Reflections for 2013
This is something to reflect on for early 2013. How will that impact on your business? I can already hear the reasons why you won’t:
- you are too small
- not relevant to my business
- you don’t have time
- you don’t have the money or the resources to change
- my industry is immune to change
- you don’t understand
- it doesn’t apply to my business
- I am too old
The term is ‘boiling frog’. When the water boils, it is too late. You are then part of the creative destruction.
But you CAN.
- Take a day off and go read some science fiction
- Visit TED.com and watch some videos
- Read ‘Megachange’
- Subscribe to www.trendwatch.com
- Write down a passion statement (what are you and your business passionate about?)
- Split your business model into the smallest parts possible and look how technology could change and improve the way you are working
- Develop a client hassle map and identify where you can add value
- Spend another day on imagining your business in 2020, including identifying some milestones on how to get there
It works for every business, small and big. It will re-energise, show you the possibilities, and is a great way to start the new year.
You might want to also use that for your application for the Ulster Bank Business Achievers Awards www.businessachieversaward.com.
Ireland and Northen Ireland have a growing number of dynamic and promising companies. Wouldn’t you want to be one of them?