Monthly Archives: July 2014

The Big 3 V’s of Strategy

Planning Strategy, Strategic Planning, Strategy

Velocity, Volume and Variety.

Its the latest set of words that describe the environment we are living in and the business environment that we are operating in.

Yes, the terms come from the “Big Data” perspective of information management. But they are useful terms for describing what we are experiencing. Velocity, obviously, has to do with speed and the rate of change. Volume is about the quantum of information that we are dealing with, the ever increasing amount of data. And variety is about the spread, is about the different types of information.

And how do you deal with it? What strategies do you set for handling the volume, velocity and variety?. Well, there are three:

  1. is to ignore it and hope it goes away. We know that in the long run that that won’t work
  2. is to build bigger machines to handle it. To, if you will, meet the onrushing force with overwhelming power
  3. is to react like that whitewater kayaker. To read the flow and make your own path through it

What is your approach?
For more, visit Dellium Advisory, follow on Twitter, connect using LinkedIn, or review my IT-centric blog.

Know Your Future!

Futures, Futurist, Strategic Foresight

It’s true. You can tell what your future is going to be!

You can also tell what the future is going to be of that business you work for, that not-for-profit you support, that locale that you live in.

It’s going to pan out one of four ways:

  1. business as usual
  2. some transformative event
  3. breakdown and anarchy
  4. increasing restrictions and rules

Simple!

But, and here’s where strategic thinking, strategic foresight, and futures models come into play. By analysing each of these four possible paths for risks and opportunities you can be prepared.

And further, by thinking though how each of these might happen, and then taking appropriate action, you may be able to, if you will, change your future
For more, visit Dellium Advisory, follow on Twitter, connect using LinkedIn, or review my IT-centric blog.

Strategic Foresight: Six Global Megatrends that are affecting us all

Futures, Scenario Planninng, Strategic Foresight

We all feel that the world is changing, but how?

We all inherently seem to know that things are different on a number of different levels. Whether at work, or “third sector” organisations, in the interactions we have with the world around us, or more broadly what we see happening in the economy.

These changes can be thought of as trends, and if they are long enough, deep enough and pervasive enough they are called “megatrends”.

And there are six megatrends that are affecting all of us.

  1. Globalisation 2.0
  2. Climate Change
  3. Individualism
  4. Digitisation
  5. Demographic changes
  6. Converging technologies

Globalisation 2.0: think how the first wave of globalization was all about the USA & Europe. With the growing middle class in Asia, Globalisation 2.0 will be focused in this region

Climate Change: think globally, think sustainability, think about resources that were once abundant and the impact of this upon the bottom-line

Individualism: do you really know your customers, your employees, your volunteers? How are you meeting their needs? If you dismiss this point, you don’t get the shift in attitudes.

Digitisation: the blurring of the boundaries between all aspects of our lives

Demographic changes: a rapidly aging population. How does this dynamic affect your customers, your employees, your volunteers?

Converging technologies: what will the impact be as information technology, nano technology and biotechnology merge?

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“The only constant in life is change”, Heraclitus (500BC)

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For more, visit Dellium Advisory, follow on Twitter, connect using LinkedIn, or review my IT-centric blog.