Out-Disrupt Disruption

Out-Disrupt Disruption

Traditional borders between nations, markets and industries are not only blurring, they are constantly being redefined.

Conventional framework for managing businesses will become increasingly irrelevant and will go the way of the dinosaurs.

Professor CK Prahalad who studied companies that remained in the Fortune 500 list in the past 50 years found these companies look forward, not backward.

And if one of the ways to look forward is to look backward, then a key lesson we should learn is that we must never take our position and our future for granted.

Although the future cannot be predicted with certainty and we need to expect the unexpected, that does not mean we cannot plan to stay ahead of the change curve.

Whether the future is an extrapolation of the past or a series of discontinuities, we can be certain it must begin from somewhere.

We can and should study the impact of new and emerging developments, interpret the trends, and think systematically about the future.

By doing so, we can become more resilient to the harsh winds of change.

Entrepreneurs in the new age will operate in a market that is at the same time local and global, competitive and collaborative, permanent and transient. It is within this paradox, we will have to find our profitable equilibrium.

F. Scott Fitzgerald phrased it eloquently when he commented, ‘The test of a first-rate intelligence is the ability to hold two opposite ideas in the mind at the same time and still retain the ability to function’. We will have to live with and manage these discordant forces and they may not necessarily be contradictory.

To manage the future, we must anticipate, embrace and learn to leverage the kaleidoscopic pace of change.

We must never see them as problems but as opportunities to learn, grow and advance.

The greatest obstacle to change is within ourselves and the test of a winner is how we can remove the impediments so that we can evolve with, adapt to, and influence the new realities.

As the shelf life of our business model and competitive differential is shortening, we must continually learn new ideas, business practices, and competencies.

We need to discipline ourselves to let go of the past.

We need to creatively destroy ourselves and reinvent our business model so as to discover what we should do and do it in a better, faster and cheaper way.

The focus is not to respond to every challenge but to build a resilient model that will rise above every situation. We need to establish an adaptable organisation and an able and agile team to capitalise on the winds of change.

We must build virtual, open and dynamic business systems that will closely monitor the environment and exploit the changes in the most productive way.

In this new landscape, even the way we manage our organisation has to be transformed. The traditional way of managing our business on the basis of command and control will become obsolete.

New models must continually be created to respond to the complex environment. The organisation of the future will be more organic than hierarchical, neural then linear, and virtual than mechanistic.

To achieve best practices, we must become what Warren Bennis call “leader of leaders.”

We have to position ourselves as network managers, leading and harnessing the resources of the brightest and most talented people to deliver our business solutions.

We must constantly be; in the words of Rosabeth Moss Kanter from Harvard University, “pooling, allying and linking” different organisations and free agents so as to move up the learning curve and food chain.

Ultimately, the mark of true leadership is the ability to seize destiny and create our own future.

To use the words of Charles Handy, winners will be those who ‘invent the world.’

Gary Hamel who is a strong subscriber to this view believes that ‘Whatever you need to know to create the future, you can know.’

While we may not totally agree with Professor Hamel’s words, we can draw comfort from the fact that nobody has proprietary or a monopoly of information about the future.

To create the desired future, we need to redefine a competitive environment that is plausible; one where we can develop with our resources and then strategically position and entrench ourselves in it.

We cannot afford to sit back and think the forces shaping the new world will not affect us.

Just as the advent of food courts have impacted small coffee shops and mega malls have given provision shops a run for their money, there is no place to hide except to challenge these disruptive forces by preempting, preventing, and proactively capitalising on these forces for the greater good.

The future is up for grabs. It can be a daunting or an exciting prospect.

Carpe Diem!

Go4It!

I hope this message will find a place in your heart.

By the way, I have also recorded other reflections.

Please ‘Like’ me on https://m.facebook.com/patrickliewsg

Please visit my website, http://www.patrickliew.net

Follow me on:

https://www.quora.com/profile/Patrick-Liew-5

Visit my Inspiration blog at https://liewinspiration.wordpress.com/

For my opinions on social affairs, please visit my Transformation blog at http://hsrpatrickliew.wordpress.com/

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Please read my reflections and continue to teach me.

Life is FUNtastic!

About Patrick Liew
About Patrick Liew Patrick Liew MBA, MSc, BSc is the Managing Partner of Global Enterprise Exchange Pte. Ltd.. He is also the founder and director of Success Resources, arguably the world’s largest personal development seminar organiser and a major shareholder of a company, which is listed on the Australian Stock Exchange. He was previously the Executive Chairman and CEO of HSR Global Ltd., a publicly listed company on SGX-ST. Previously, he was the regional director of the Gartner Group, providing strategic advisory and planning services to governments, banks and MNCs. He was also the regional head of sales and marketing operation for Dow Jones Telerate. Patrick graduated with a BSc in Estate Management from Heriot Watt University, an MSc with emphasis in global business and marketing from The City University Of New York, and an MBA from Henley Business School / Brunel University. He has also earned more than nine other professional qualifications. Patrick is arguably the first person to develop a multimedia e-learning programme on entrepreneurship. He authored a Chinese book on business systems and was also the co-author of a Times Bookshop best-selling book. Patrick has conducted both ‘brick and mortar’ and online lessons for participants from more than 60 countries. He has also conducted keynote presentations in many international conferences, including being the first Singaporean to teach at the National Association of Realtors. Through his team at Success Resources, Patrick has organised educational conferences for prominent leaders such as President Bill Clinton, Prime Minister Tony Blair, Michael Porter, Richard Branson, Robert Kiyosaki, Donald Trump, and many other prominent leaders. Patrick provides leadership and advisory services to many professional and charity organisations. He is actively involved in supporting humanitarian, philanthropic and charity causes. He has organised three fund-raising events and in the process, help to set three national records in the Singapore Books Of Records. Patrick won the Entrepreneur Of the Year Award For Social Contribution, the Asia Pacific Entrepreneurship Award, and six other business awards. Patrick believes the best way to live your life is to live your life for others. The more you reach out to bless other lives, the richer and better your life will become. -------------------------------------------------------------------------------- A Personal Note to my Friends The articles that I post online; or what I term as Love Notes, are written with the purpose of inspiring readers to live at a higher plane in life. They are also meant to motivate those who are struggling in life and help them find handlers to overcome their conflicts and challenges. It is my ardent hope that we will form networks and alliances of like-minded people who will put to right many of the wrongs in our midst. Together, we will leverage on each other's resources and create a synergistic impact in making our world a better home. These articles are written as part of regular reflection about the vicissitudes of life. They are at best work in progress and at worst, grumblings, grouses, and gripings of a finite old man. I have deliberately decided NOT to delete many of the articles and pointers that I may not agree with or are outrightly wrong. This is to keep a record of how my personal ideas, beliefs, and values have evolved over time. In addition, I hope to encourage readers by letting them know that I also make mistakes and am struggling with many of the complexity and complication in life. As long as we hang on to hope and work on finding a solution, there will be light at the end of whatever tunnel we are in. I do not pretend to know everything or for that matter, anything of substance. In fact, the more I study, learn, and think about the vast wisdom and knowledge out there, the more I realised how little I know about life and the ways of life. Hence, I have always ended my article by asking readers to continue to teach me. For I, too, am a sojourner in the exploration of truth and the adventure of finding meaning, purpose, and significance for my existence. I am proud of and make no apology for being a Christian, albeit not the most exemplary one. I believe our Creator can lead and guide us to be the best that we can ever be. I bear full responsibility for the shortcoming and error in my life, including my words. The fault is entirely mine and not due to anyone else. Readers have and can exercise the power of choice. They can discard what will not work for them and adopt those that can propel them further and faster in the pursuit of better performance, outcomes, and fulfillment. If I have disappointed or hurt you in any way, form, or manner, I would like to apologise to you. Please do not hold them against me or whoever or whatever is related to me. There are much to pray about, learn, and do. And I'll work on them with a sense of urgency. I hold on to the belief that 'Anything worth doing is worth doing with passion and excellence'. I'll endeavour to live by it. Life is short. There's no dress rehearsal and neither can we turn back the clock to change the drama of life. Therefore, by the grace and power of our Creator, let's live a full life and live it to the fullest. May God bless you abundantly on the journey of life. Your online servant, Patrick Liew I hope this message will find a place in your heart. By the way, I have also recorded other reflections. Please 'Like' me on https://m.facebook.com/patrickliewsg Visit my Inspiration blog at https://liewinspiration.wordpress.com/ For my opinions on social affairs, please visit my Transformation blog at http://hsrpatrickliew.wordpress.com/ Please visit my website, http://www.patrickliew.net Please read my reflection and continue to teach me. Life is FUNtastic!

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