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Global Financial Meltdown: Surviving? No! Thriving!
The document discusses the global financial crisis and surviving or thriving in a changing world. It provides 12 new rules for thinking in a new world, such as considering all perspectives instead of one, tailoring solutions to different needs, and ensuring solutions are self-sustaining. It also discusses managing risks and leading change in an uncertain world.
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Global Financial Meltdown: Surviving? No! Thriving!
- 1. The Global FinancialMeltdown Surviving? No! Thriving!
- 2. Welcome to YourGlobal Financial Meltdown!
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- 6. Events evaporate, patternspersist What’s Up?
- 7. “ This modernrisk-management paradigm held sway for decades,” he said. “The whole intellectual edifice, however, collapsed ... .” “ In other words, you found that your view of the world, your ideology, was not right, it was not working.” “ Absolutely, precisely. ... I was shocked, because I have been going for 40 years or more with very considerable evidence that it was working exceptionally well.” Oops!
- 8. Schrödinger's Cat: Alive and D ead Evolve, Dominate or Die
- 9. New World Scrhödinger Cats
- 10. New Rules forthe New World :- New Rules for the New World TM
- 11. 1. Say AND not OR! Is your solution integrative? Is this rule relevant in this situation? If not why not? What do you need to change about your solution? 2. Assume Fair=Different not Fair=Equal Does your solution recognise the need to tailor actions to meet different populations/needs? Is this rule relevant in this situation? If not why not? What do you need to change about your solution? 3. Change DEPENDENCE to INTERDEPENDENCE Is your solution capable of self governance? Is this rule relevant in this situation? If not why not? What do you need to change about your solution? 4. Do NOTHING of NO use! Is your solution designed to ensure focus on delivering to your goal of making money (delivering benefit to society)? Is this rule relevant in this situation? If not why not? What do you need to change about your solution? 5. Stakeholders rule OK! Is your solution designed around the people who have to deliver it and live with the results? Is this rule relevant in this situation? If not why not? What do you need to change about your solution? 6. Make time fit! To what extent have you made or scoped your solution to the possible rather than the ‘nice to have’ impossible Is this rule relevant in this situation? If not why not? What do you need to change about your solution? NewWorldTM Check-List 7. CHUNK IT OR JUNK IT!’ Have you reduced the scope to de-risk your solution appropriately? Is this rule relevant in this situation? If not why not? What do you need to change about your solution? 8. ALL CONSTRAINTS INTO MEAT SPACE Have you ensured that your solution appropriately uses new technologies? Is this rule relevant in this situation? If not why not? What do you need to change about your solution? 9. Unlearn EVERYTHING ! Have you ensured that your solution appropriately uses new knowledge? Is this rule relevant in this situation? If not why not? What do you need to change about your solution? 10. Don’t change anything ! Have you taken into account the overall impact of change on your ability to deliver results? Is this rule relevant in this situation? If not why not? What do you need to change about your solution? 11. LOOP IT UP! Is your solution self-sustaining? Is this rule relevant in this situation? If not why not? What do you need to change about your solution? 12. Go VIRTUAL! Have you developed a solution with powerful results which relies on an approach which is not popularly adopted? Is this rule relevant in this situation? If not why not? What do you need to change about your solution? 12 New Rules for our Real World Thinking for a New World
- 12. Change & Innovation My Favorite Statistics 75% 1/300,000 65% 34 , 500 ,000 157,021 1,085
- 13. How do youBecome a Manager?
- 14. Good Fast Wheredo you place your string? FastGoodCheap TM Cheap Length of string
- 15. Chunking or JunkingV & W Curves
- 16. Know WHAT KnowHOW Don’t Know HOW Don’t Know WHAT PAINT BY NUMBERS MOVIE Change in the New World Types FOG QUEST
- 17. What do generalSchwartzkopf and Richard Branson have in common? Leadership
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- 19. Leadership Leading Change/Projects“ Yes we can” WHAT? Change ? HOW? Clear WHAT! I know how!
- 20. Risk Management TheAlien Invasion Identify Kill Contain Monitor Plan B
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Editor's Notes
- #10 Schrödinger's Cat: A cat, along with a flask containing a poison, is placed in a sealed box. If an internal Geiger counter detects radiation then the flask is shattered, releasing the poison which kills the cat. Quantum mechanics suggests that after a while the cat is simultaneously alive and dead. Yet, when we look in the box, we see the cat either alive or dead, not a mixture of alive and dead.
- #14 1/ 300 000 Number of ‘recorded; ideas put into action and audited as making money two years after launch 34,500,000 Results from a Google search on Consultants Innovation Change Advice 75% Percentage of Projects recorded as not delivering what was planned on time or to budget (Note 23% are recorded as failing completely) Pentacle 2006) Standish Group report 2004 51% and 15% 157,021 Amazon .com search on innovation 1,085 Amazon.com search on innovation+Creativity 65% Percentage of CEOs who intend to make ‘fundamental changes’ to their businesses over the next 2 years through innovation to their business models and new products and services IBM CEO survey Expanding the Innovation Horizon 2006
- #15 You become a manager when another manager gives you your corporate car keys ;-) …. Questions: Can you manage people above you? Can fear be a management tool for long? Can you manage people far from you? (Virtual teams)? Can you manage when you are not there? …
- #18 Now, if we accept the fact that setting up a Business Process Tool is a project, and that any project is a ‘chunk of change’, >>>> we need to make sure we address project management the right way in the new world … (Introduction to the idea that a Business Relationship, in the new world, MUST be build depending on the type of project … : When did you last met a project where the ‘How’ and ‘What’ were clear? When was the last time your customer requirements where clear? ….. …..) Present Project Types: Fog Quest Movie Paint by Numbers