Welcome to the Adaptive Economy


#Reorg Everything: My Talentnet Keynote

Reorg EverythingWhat is the Adaptive Economy? Why do we need to #Reorg? What should be our focus? Here’s the premise as I outlined in my keynote at Talentnet

The pace of change isn’t just fast, it’s accelerating. So many things are changing that we can no longer look at a single facet as we did at the dawn of digital and then networked computing. It’s not just the gig economy, the collaborative economy, the on demand economy or the green economy in isolation, it’s all of that and more, requiring a more holistic approach. As Darwin taught us long ago, in this fast changing world, it’s the quickest to adapt that survives.

Fundamentally we must first accept that the market is no longer a battlefield. It’s an ecosystem. Leading and winning in an economy that is oriented around creating the greatest amount of shared value is very different from one in which you are seeking to capture the most amount of profit for the organization and its shareholders. This is why I propose we need to #Reorg everything and serve the market.

How do we do it? By adopting new mindsets, methods and measures, most especially in my view of embracing some form of self management. This requires you to focus on creating alignment across the ecosystem, developing greater agility and creating a culture of accountability. We must also become more proactive and predictive.

The enemy we face today in organization’s, besides fear of change itself, is three fold – budgets, bonuses and bozos. In the real time transparent world in which we live, we need to go beyond the sort of budgeting which requires us to accurately predict future market dynamics.Being more agile enables you to adapt to the market’s needs more easily. With a culture of accountability, you will increase trust such that you will also empower more people to make spending decisions across the organization. This has been proven out and more thoroughly developed through Morningstar and several other participants of the Beyond Budgeting Round Table.

For those with the courage to move towards more of an ecosystem based strategy and operating model, there is a massive opportunity to lead the market and seize the lion’s share of the profits to be had. The more trusted a company becomes, the lower the cost of sales, the higher the likelihood of becoming the employer of choice and the higher the switching costs for partners and customers alike.

So much more to come on this in the weeks/months ahead. I’ve been running towards this future through my software company and it’s latest product Will Someone, a community collaboration tool. I’m furthering that development while going more public with the insights I’ve developed to help build a better future for all, by design.

You can hear more about the Adaptive Economy in this audio + slide deck from my keynote presentation, #Reorg Everything. I presented this for the first time on Friday March 11, 2016 in Austin TX as the keynote for the Talentnet conference in the offices of HomeAway.

We are building on this even further now, taking the work that went into this keynote and starting to write a book on the Adaptive Economy. If you are interested in contributing, have questions or want to talk about it more, please let me know in the comments.

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