Post by account_disabled on Dec 28, 2023 9:12:36 GMT
This has been happening recently in the lighting industry, with General Electric, Philips, and Apple, which have been slow to see the full impact of the technology. All three companies have recently announced that they will exit the traditional lighting business due to low profit margins. They might have been able to avoid this fate if their leaders had used a more extensive scanning process. An effective strategy for identifying change early is to assemble a diverse team of independent thinkers from both inside and outside the company who, as one of our clients put it, can tap into the organization's paranoia and invite everyone to voice hunches, concerns, and Doubts, or intuitions that would otherwise remain dormant.
The leadership team can then focus on issues that may seem negligible now but may become serious in the next few years. Adopting a three- to five-year time frame will allow leaders to see further than their competitors, especially if there are no dark clouds in sight on Job Function Email List the horizon. For example, consider the global chocolate confectionery industry. It seems to be relatively stable at the moment. However, beneath the surface, there are important issues related to the use of child labor by suppliers, the effects of climate change, and geopolitical instability in cocoa-growing regions. For example, hazelnuts, a popular ingredient in chocolate bars come from.
Turkey which has recently become politically unstable due to internal unrest and its geographical proximity to Syria and Iraq. By highlighting immediate issues, leadership teams can begin to identify potential threats before they cause serious damage. (See Where to Look for Weak Signals. ) Where to Look for Weak Signals Leaders need to be on top of the forces and undercurrents that will come together to shape the future. While the specific focus will vary by product segment and industry, leaders need to stay on top of the full range of forces and undercurrents that will collectively.
The leadership team can then focus on issues that may seem negligible now but may become serious in the next few years. Adopting a three- to five-year time frame will allow leaders to see further than their competitors, especially if there are no dark clouds in sight on Job Function Email List the horizon. For example, consider the global chocolate confectionery industry. It seems to be relatively stable at the moment. However, beneath the surface, there are important issues related to the use of child labor by suppliers, the effects of climate change, and geopolitical instability in cocoa-growing regions. For example, hazelnuts, a popular ingredient in chocolate bars come from.
Turkey which has recently become politically unstable due to internal unrest and its geographical proximity to Syria and Iraq. By highlighting immediate issues, leadership teams can begin to identify potential threats before they cause serious damage. (See Where to Look for Weak Signals. ) Where to Look for Weak Signals Leaders need to be on top of the forces and undercurrents that will come together to shape the future. While the specific focus will vary by product segment and industry, leaders need to stay on top of the full range of forces and undercurrents that will collectively.