Thriving Your Business Despite the Fast Changing Pace

Change has been faster than ever,  accelerated in a speed business owners can hardly follow. To follow might not be an option. It is perhaps time to unlearn and rethink the rules of the game.

The rules to success is changed and I am hoping that Eddie Obeng has rewritten it for us. Or perhaps at least guide us to rewrite the rules to success as business owners.

 

Old

Predictable and Cartesian

Forecasts

Command and Control

Strategy

Customer

More of the same

Growth

Hierarchy

Market Share

Management

Best Practice

Efficiency

Economies of Sale

Barriers to Entry

Wealth = Money = Value

Towns and Cities

New

Ambiguous and Chaotic

Learning

Self-Directed Teams/ Networks

Business Model

Stakeholder

Innovation

Sustainability

Virtual Organisations/Teams

Promoters and Communities

Leadership First

Design

Effectiveness and Differentiation

Evlove, Dominate or Die

Disruptive Technology

Wealth Isn’t Money Isn’t Value

Social Networks

 

How to Thrive in the New World?

As suggested by Eddie Obeng:

  1. Say AND, not OR
    • Is your solution integrative?
  2. Assume Fair = Different, not Fair = Equal
    • Does your solution recognize the need to tailor actions to meet different populations/needs?
  3. Change Dependence to Interdependence
    • Is your solution capable of self-governance?
  4. Do nothing of no use!
    • Is your solution designed to ensure focus on delivering to your goal of making money (delivering benefit to society)?
  5. Stakeholders rule OK!
    • Is your solution designed around the people who have to deliver it and live with the results?
  6. Make time fit!
    • To what extent have you scoped your solution to the possible rather than the nice-to-have, impossible?
  7. Chunk it or junk it!
    • Have you reduced the scope to de-risk your solution appropriately?
  8. All constraints into meat space
    • Have you ensured that your solution appropriately uses new technologies?
  9. Unlearn everything
    • Have you ensured that your solution appropriately uses new knowledge?
  10. Don’t change anything!
    • Have you taken into account the overall impact of change on your ability to deliver results?
  11. Loop it up
    • Is your solution self-sustaining?
  12. Go virtual!
    • Have you developed a solution with powerful results where the effect is more important than the form? Where technology enables beyond tradition?

 

To understand more and appreciate the knowledge shared to us, kindly watch this video:

I love it the first time I watched. Thus I am sharing this to you. Let us know what you think. Ciao!

Works at iBizLeverage Web Services, Internet/website marketing company in Cebu Philippines, for SMBs (small- and medium-scale businesses).

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