The beating heart of everything businesses do should be to enable executives and their teams to build capabilities to achieve actionable, repeatable and lasting results renown management guru Henrik von Scheel told business leaders at Global EXPO Friday.
Delivering a talk themed ‘See the big picture – focus on what matters – make smart decisions the pioneering pioneer of the European digital revolution told local business leaders that the 7 pillars of the industrial revolution were exponential innovation, digitalization, connected eco-systems, SMART, SMART automation, new reality and workforce 4.0.
“Are you solving the right problem? Great problem solvers are hard to find. Even seasoned professionals at the highest levels of organizations regularly fail to identify the real problem and instead jump to solutions,” said Henrik von Scheel, Partner and Co-Founder of Industry 4.0 Lab.
He said, “a structured approach diagnoses the can, want and should do to improve the decision making process.”
He advocated the adoption of a number iterative technique used to explore the cause and effect relationships underlying a particular problem and opportunities. The primary goal of the technique was to determine the root cause of a defective pain point and desire need.
The management guru stressed importance of being able to identify emerging trends, not limited to technology within the context of their industry and discover when to innovate in order to renew the competitive edge that it enjoys in a competitive market.
It was also emphasized that the ability to determine when to transform core differentiation aspect to operations advantage was another driver of success. This was allegedly closely aligned to the ability to immediately recognize emerging trends providing opportunities for hyper growth, effectiveness and efficiency and cost advantage.
It was however not just enough to detect simple trends but those which were ushered in by what he described exponential innovation. The interaction or collision of those trends represented the most significant and powerful opportunity.
This ability to spot when to invest and adopt was one of the key insights shared with local business leaders at fairgrounds Conference centre at the close of the business Expo.
Henrik von Scheel said, “The way that businesses leaders plan for and respond to these trends over the next decade will help determine who the market leading companies of tomorrow will be.”
