I was a speaker at the 2017 Midwest Architecture Community Collaboration this November held at the Double Tree Hotel. A large community of architects, technologists, and strategists convened for both presentations and workshops. My presentation covered top challenges that business and technology leaders will face as the speed of business and technology increases.
Key topic areas included:
- The Nature of Competition is changing: In this section, I talked about how last century there were around eight clearly defined business strategies in markets and how since 2000+ over 30 strategies are now active and many are more complex requiring new internal capabilities, external partnership,s and new value systems. Most companies today lack the business intelligence and strategic planning process required to map these new strategies and map their ecosystems effectively, including cross-sector threats. Many companies ignore these options and keep on doing what they have always done giving time to the competition, but regardless of being proactive with offensive strategies, companies will be forced into developing defensive strategies as their competitor’s differentiators start to disrupt their business.
- Regional Competitive Advantage: All around the world, leading cities are developing regional development plans with industry to create more competitive business environments. This is creating entirely new playing fields where companies can’t afford to not be active in these regions given the advantages in industry clusters, investment, government policy, workforce development, education, and entrepreneurship are all integrated and operating a significantly higher level of acceleration. Business need to explore the global landscape to see how these regions are developing and how they can get involved. For cities and companies that don’t develop their own regions may find themselves at a great disadvantage in the coming years and workforce, investment and companies are forced to leave atrophying regions in search of more competitive advantages. While foreign cities are leading the way, establishing best practice, several USA cities have taken very proactive steps and have easily a 6-8 year head start. Many USA cities are pretty complacent, but they fail to see that are in a declining state vying to be the next Detriot.
- New Role: Lastly, I spoke about new roles that are needed in corporate leadership and in regional leadership. These represent huge career paths and opportunities for today’s business, technology and government leadership.
See more pictures of the event in the photo gallery