Millions of young Americans are experiencing a “quarter-life crisis.” They understand that the economy and the nature of work have changed forever. Talent today want more bang for their buck. They want to leave a mark, make a contribution, have a purpose. In short, they’re seeking a calling more than a career. They crave meaning, autonomy, and exploration. Managing one’s vocation successfully is no different than managing a business. And that’s why the contingent workforce has the power to[...]
In the business world, Amazon’s purchase of Whole Foods was big news. On the first day of the acquisition, Amazon honored its promise of lowering prices across a variety of items, including beef, organic eggs and produce. The popular grocery chain will undoubtedly experience a number of other significant changes under the purview of the online retail giant. With its groundbreaking advances in employing analytics and big data to drive sales and operations, Amazon stands poised to disrupt the supermarket space, with Whole Foods at the epicenter. The culture and practices of grocery stores has changed little in decades. The transformations Amazon plans to implement will affect how the workforce communicates with customers and vendors, prices items, provides service, measures productivity and more. These changes are taking place more frequently in older industries, so it’s an excellent time to look at the importance of change management in an era of exponential organizational growth.
As we’ve been discussing throughout this year, digital technologies have undeniably shaped the future of business and society. Exponential technologies represent the prosperity and wellbeing the world will soon attain. And exponential organizations will be the catalysts and champions of these incredible boons. What makes this present shift unique, when compared to past breakthroughs, is that the emerging paradigm signals a convergence of digital and physical experiences. Rigid structures can no longer accommodate the elaborate interactions that will occur between technologies, stakeholders and talent categories in a given workplace. Those enterprises prepared to adopt a design thinking approach may find themselves better positioned to respond quickly to changing business dynamics while building a culture that thrives.
Anyone who reads my blogs or attends my speeches at business conferences knows my passion for exponential thinking. Exponential technologies represent the future prosperity and wellbeing of the world we share. And exponential organizations will be the catalysts and champions of these incredible boons. Sometimes, however, it’s not easy to push past the present and gaze into the possibilities of tomorrow. This was evident last week when an industry association posed an important question about the nature of an exponential organization: “What is it and why does my company want to be one?” Our world is about to experience radical transformations through digital advances that will alter the dynamics of how we live and work. As our lifespans, opportunities and global economies expand, we will need to rethink the way we acquire and hire talent. So let’s explore the concept and look at how business leaders can position their companies to achieve exponential growth, while remaining competitive in a world of accelerating technological milestones.