Consumer expectations continue to rise: advocacy reduces, antagonism rises, but trust enables value creation

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The latest results from IBM’s annual Smarter Consumer Study provide interesting insights.

If consumers are smarter, they are expressing it with not just increased expectations, but an increasingly active expression of their displeasure if expectations are not met.

The following chart, provided to me by IBM in response to a request for more detailed information, shows that in all major countries advocates – those who actively advocate for their primary retailer – have decreased, while antagonists – those who would actively discredit their retailer – have increased.

IBM_advocates_antagonists
Source: IBM
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The future of law firms: new structures, virtualization, fluid talent, social media-driven reputation

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A little while ago an article The future for law firms: virtual law firms, legal outsourcing and the battle for talent appeared in Thomson Legal reporting on some of my thoughts on where the legal industry is headed.

The article opens:
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In a world of peer learning the opportunities flow to talent and those who share

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I recently gave the closing keynote at the Lectora User Conference 2015 in Nashville, Tennessee, which brought together users from around the world of the Lectora e-learning authoring platform.

My keynote on Embracing the Future looked at the broad trends shaping our world, and how they were shaping the world of education in particular. Peer learning is a fundamentally important trend today, describing how people learn increasingly from their peers rather than formal teachers. Indeed, the leading edge of any domain of study is driven by peers who share what they discover on the edges of their discipline.

One of the stories I told in my keynote was how a young Mexican man has been amply rewarded for his talent and his propensity to share, rather than formal education.

3D_robotics_500
Image: Jordi Muñoz, Chris Anderson and Jon Callaghan of 3D Robotics Credit: Christopher Michel
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The need for innovation across boundaries and the power of big data analytics

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I attended a very interesting lunch today hosted by EMC launching a study and report on Information Generation, drawing on a survey of 3,600 executives globally looking at what will drive their business in coming years.

The primary themes of the report were around spotting opportunities, innovation, transparency and trust, personalization, and 24/7 availability, and the implications for business.

One of the interesting insights from the study was on what executives believe their organizations can best do to foster innovation.

EMC_innovation
Source: EMC Information Generation
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Cities reconfigured: How changing work, shopping, community, and transport will transform our collective lives

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One of our companies, Future Exploration Network, recently created a detailed report for a client delving into the most important shifts shaping the next decade and beyond.
City_aerial1

One of the themes was Cities Reconfigured. The section began:

Urbanisation has proved to be a dominant global force, shaping both developed and developing countries. We know cities are both spreading out and become denser at their centres, but radical shifts are now reshaping the structure and shape of cities. The rise of flexible, remote and freelance work and shifts where and how people shop and socialise are significantly changing travel patterns. The widespread deployment of data sensors is providing real-time insights into environmental, traffic and infrastructure conditions, enabling rapid response and a deeply-needed increase in urban efficiency.
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Using testable hypotheses to bring lean startup into the enterprise

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Last week I ran a brief workshop at the strategy offsite of a professional services organization, with their top 100 executives in attendance. They wanted to understand major business trends and the implications for both their own organization as well as the services that will be valuable for their clients.

In a highly interactive session I ran through major trends in technology, business, and society, went into depth on the lessons emerging from lean startups and crowd-based models, and then facilitated groups in generating high-potential ideas for new service lines and creating a high-performance organization.

While many of the concepts of lean startups feel quite foreign within many established organizations, a useful way to help shift thinking is to focus on the concept of ‘testable hypotheses’. This is central to how dynamic startups function, and can fairly readily be introduced into large organizations – and their clients – without seeming overly radical.

In introducing the idea into enterprise I have found it useful to frame testable hypotheses as 5 steps:
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Three critical domains of change driving the future of professional services

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Yesterday professional services expert George Beaton and I ran the inaugural Clients and Firms of the Future: How to Compete conference in Sydney, bringing together around 100 senior leaders of professional services firms to look at the future of the industry.

It is just over 15 years ago now that my first book was released with the subtitle The Future of Professional Services (now out in its Second edition). While these days my work covers a far broader scope, over the years I have worked extensively with professional services firms to help them create successful futures.

There has been substantial change in the professions over the last decade, however there will unquestionably be far greater change in the years to come.

It was an absolutely fascinating day at the conference exploring the future of professional services. I will be sharing more from the conference over time, but today would just like to put down a few initial thoughts from the three themes of the day.
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APIs are enabling an unprecedented flow of innovation

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On Tuesday I had the great pleasure and honor of doing the opening keynote at the APIDays Sydney conference, the first API (Application Programming Interface) conference in Australia, excellently organized by Saul Caganoff of SixTree.

APIDays was founded by Mehdi Medjaoui in Paris in 2013, has since been run in Barcelona, Berlin, San Francisco and now Sydney, with the event in Paris last year attracting 800 delegates.

Below are the slides for my keynote on The Flow of Innovation. As always, note that my slides are designed to support my presentation and not to stand alone, but still may be of interest to people who did not attend my keynote.

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Creating the future of professional services – Sydney 11 March

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The subtitle of my first book, 15 years ago now, was ‘The future of professional services’. I still believe it’s an incredibly important topic, not just in the future of business, but also in the future of work and society.

As such I am delighted to be collaborating with one of the world’s leaders in professional services strategy, George Beaton, in organising the Clients and Firms of the Future: How to Compete conference in Sydney on 11 March.
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The massive opportunity of open innovation for mid-tier firms

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I recently gave the keynote at an American Express function for CFOs of mid-tier firms. I wrote before about the event in a post on the central role of CFOs in innovation and future-proofing in mid-tier firms.

The video below nicely summarizes highlights from the event, including some excerpts from my speech from 1:38.

One of the issues I discussed was the potential of open innovation.
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