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Posts Tagged ‘Strategy’

Death of the Computer Screen? Why Scenarios are Important.

hologramIn 2013 I wrote a scenario (see below) in which I painted a picture of the future of work. In the article, which later became a chapter in my book The Open Organization, I presented the idea that computers would be as small as a silver dollar coin and would operate by voice and hologram. Fast forward to 2017 and a C|Net article titled: World’s thinnest hologram will make screen size ‘irrelevant’. As a futurist, I am always excited when I see a scenario I wrote about coming true. Now, I cannot take credit for the idea of a Hologram by any stretch. In fact, the first time I even knew about what a Hologram even was would date back to 1977 and Star Wars: Episode IV – A New Hope. I was… well.. .young back then…and the now famous scene of R2D2 displaying a hologram of Princess Leigh is etched in history.
 
Predicting the future and its potentiality is fun… but it is not always easy. While I can spike the ball now – sometimes anticipating a preferred future is difficult and requires a lot of information to get close to .. well.. maybe in the neighborhood of right.
 
Developing Future Scenarios are not about predicting exactly what will happen – but offering a glimpse of what could happen and what we would do with this information if we thought it could come to pass. Foresight is about creating a mental image of a possibility and then creating responses to those mental images in hopes that it will better prepare us for disruptions and market penetration. Scenarios force us into “What IF” analysis of our potential future state. It helps us to navigate theoretically through options before we have to do it in reality.
 
This is why athletes, firefighters, police and even the military practice so much. So that they can be prepared for what ever eventuality the future hands us.
 
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Embracing Open in the New Millennia

Imagine it is the year 2025. You walk into your home office and set your Smart Device (SD) on your desk. The SD, about the size of a silver dollar coin and as thick as a credit card, activates when placed on a flat surface. Sitting down, you lean forward and focus your attention on the holographic screen hovering above the SD. You say, “SD, date and time please.” In a clear voice your SD responds, “February 8th, 2025. The time is now 0900. Would you like to hear your appointments and tasks for today?” You briefly think to yourself how far computers have evolved in just a short period of time. In fact, you think, the constant we face is a world quickly changing before our eyes.

For the United States and much of Europe, the world has already begun to change as it relates to the way organizations interact with their employees. The field of employment has been shifting since the market crash early in the century. By the year 2040 it is estimated several emerging social and technological changes will greatly affect the way organizations view employment and human capital in the Westernized World.

Your SD speaks again, “You have an incoming call from Jeff and Dustin.” You turn your attention back to the hologram and tell your SD, “display call.” The hologram shifts to the images of your colleagues. You met Jeff and Dustin in your doctoral program a few years ago and the three of you formed a successful strategic alliance. Today you are meeting to discuss a proposal the three of you are working on. Your alliance with your colleagues has opened the door for all of you to compete with much larger organization on projects that you would have otherwise avoided.

The Great Shift

Since the late 1980s, Americans have begun working longer and foregoing their retirement. As a result of this trend we are beginning to see an increase in what we now call the Graying of the American worker. We are seeing an increase in job-sharing, consulting, coaching and even strategist positions growing among the Boomer population as Generation X begins taking over the reins of leadership. While the working population of the United States is growing older, fertility rates are also dropping amongst American women which ultimately will create a deficit in human capital available to replace an existing workforce. If that weren’t difficult enough on businesses trying to fill positions, legal immigration is on the decline in America creating even greater deficits in available workers. As a result of all these sociodemographic trends, we are beginning to see demand and acceptance of more flexible, freelance and collaborative opportunities in an increasingly less secure globalized world.

Emerging social and technological changes are forcing companies to move toward the use of short-term, temporary and independent contractors and consultants. With advances in technology and availability of WiFi in nearly every location, employees no longer need to pay to drive to an office setting every day nor will organizations need to continue supporting expensive centralized office space. In fact these advances in technology open the door for workers who are no longer limited by geography thereby permitting them to live anywhere they choose. Smaller offices and fewer employees working in those locations permit businesses to focus on finding and keeping essential employees while outsourcing the remaining positions to independent contractors. With these changes, businesses will be better able to shrink overall expenses and employees will gradually no longer see themselves as being employed by a single company. Employees are now able to work anytime and anywhere they choose as long as they are able to meet their job objectives.

The future of employment appears focused more on an individual’s talent. In fact, it is estimated that most jobs of the future will require higher education, advanced skills and high-tech training. The twenty-first century organization will require an ability to share ideas, knowledge, resources and skills across organizational, generational, and cultural boundaries from within and outside of the organizational system.

The year 2025 is closer than you may realize. Technological and social changes are moving at an alarming rate and while many may see the opening scenario as fantasy, the trends say otherwise. Collaboration will breed a greater competitive advantage, create influence and consolidate resources and expertise within a given organization and in a future that requires less human capital to produce a product or service. Now is the time for organization to begin examining the impact of a shrinking workforce. The Open Organization will likely be the formal response to the much anticipated deficit in human capital. Organizations will become flatter and there will be a greater level of shared information and even evaluations will come from co-workers rather than the traditional top-down leadership review. In fact, we very well could be witnessing the end of much of the hierarchies we’ve grown accustomed to since the early 1800s.

This shift in organizational structure will take time to adopt yet it is believed that these structures will be the most effective way to obtain a competitive advantage in the future. However, organizations may experience managerial resistance in adopting new organizational structures. Success is reliant on the commitment of the organizations leadership. It is necessary for organizations to address the fears of management and leadership in an effort to overcome delays in adoption.

The days of an abundant workforce are coming to a close. This shift in demographics will require organizations to view their structures far beyond the traditional business school training. Experts claim that there is a lack of future-readiness in the United State of employers and employment. Great challenges are ahead of us and the best way to address them is take the long-view and plan ahead for a new economy, new organizational structures, and a mobile diverse workforce like we’ve never seen before. These changes will require rethinking the view of hierarchies, traditional employment, and what it means to be self-employed. Technology will play a key role in the adoption and success of the organization of the future.

The conference call with your colleagues went well and as their holographic images fade, you sit back and smile. “SD,” you say, “Open RFP Alpha457.” Your SD responds, “Opened. What would you like to do?” You begin to dictate to your SD and so another day in this new world economy begins. You smile and remember a time when you used to work in a cubical and you think to yourself, “I’ve surely come a long way from those early days in the working world.”

As the story begins to illustrates, the twenty-first century organization will require an ability to share power, authority, ideas, knowledge, resources and skills across organizational, generational and cultural boundaries within and outside of the organizational system for the purpose of achieving desired goals. The world will continue to become smaller as technology advances and organizations grow in diversity of individuals from differing cultures and geographical locales. Organizational decision-making styles will grow in influence by generational and cultural attributes of the individuals from with the organizational system.

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cropped-img_0100-001Dr. Philip A. Foster is considered a Thought Leader in Business Operations, Organization and Strategic Leadership. He is a prolific writer, International Lecturer and Best Selling Author of “The Open Organization” – now available through Ashgate Publishing.  Philip is certified in both Leadership and coaching. He is the Founder and CEO of Maximum Change Leadership and Business Consulting, serving clients from around the world. He is a Doctor of Strategic Leadership with emphasis in Strategic Foresight and holds a Master of Art in Organizational Leadership, both from Regent University, Virginia. Twitter: @maximumchange, E-mail: philip@maximumchange.com.

 

Futurist Alvin Toffler | 1928 – 2016

Guest Blogger: Jeff Suderman

AlvinToffler-22-1600x900This week the world lost a great mind when Alvin Toffler passed away at the age of 87.

Perhaps the greatest futurist of his time, Toffler is best known for his book Future Shock (1970). “His insatiable curiosity drove him to challenge common perceptions and offer keen insights into the trajectory of business and civilizations” (Toffler Associates). As a guru of the post-industrial age he is heralded for his anticipation of the transformation brought about by the rise of digital technology decades before it occurred.

In honor of his legacy, today’s blog contains 20 of his best quotes.

  1. The illiterate of the 21st century will not be those who cannot read and write, but those who cannot learn, unlearn, and relearn.
  2. Change is not merely necessary to life – it is life.
  3. Most managers were trained to be the thing they most despise — bureaucrats.
  4. Technology feeds on itself. Technology makes more technology possible.
  5. Knowledge is the most democratic source of power.
  6. You’ve got to think about big things while you’re doing small things, so that all the small things go in the right direction.
  7. One of the definitions of sanity is the ability to tell real from unreal. Soon we’ll need a new definition.
  8. Future shock is the shattering stress and disorientation that we induce in individuals by subjecting them to too much change in too short a time.
  9. You can use all the quantitative data you can get, but you still have to distrust it and use your own intelligence and judgment.
  10. Anyone nit-picking enough to write a letter of correction to an editor doubtless deserves the error that provoked it.
  11. If you don’t have a strategy, you’re part of someone else’s strategy.
  12. A library is a hospital for the mind.
  13. The future always comes too fast and in the wrong order.
  14. Individuals need life structure. A life lacking in comprehensible structure is an aimless wreck. The absence of structure breeds breakdown.
  15. It does little good to forecast the future of semiconductors or energy, or the future of the family (even one’s own family), if the forecast springs from the premise that everything else will remain unchanged. For nothing will remain unchanged. The future is fluid, not frozen. It is constructed by our shifting and changing daily decisions, and each event influences all others.
  16. The Law of Raspberry Jam: the wider any culture is spread, the thinner it gets.
  17. It is better to err on the side of daring than the side of caution.
  18. Parenthood remains the greatest single preserve of the amateur.
  19. Any decent society must generate a feeling of community. Community offsets loneliness. It gives people a vitally necessary sense of belonging. Yet today the institutions on which community depends are crumbling in all the techno-societies. The result is a spreading plague of loneliness.
  20. Science fiction is held in low regard as a branch of literature, and perhaps it deserves this critical contempt. But if we view it as a kind of sociology of the future, rather than as literature, science fiction has immense value as a mind-stretching force for the creation of the habit of anticipation. Our children should be studying Arthur C. Clarke, William Tenn, Robert Heinlein, Ray Bradbury and Robert Sheckley, not because these writers can tell them about rocket ships and time machines but, more important, because they can lead young minds through an imaginative exploration of the jungle of political, social, psychological, and ethical issues that will confront these children as adults.

Alvin Toffler | 1928 – 2016


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Jeff Suderman is a futurist, consultant, and professor who works in the field of organizational development. He partners with clients to improve culture, leadership, teamwork, organizational alignment, strategy and organizational future-readiness. He resides in Palm Desert, California. Twitter: @jlsuderman Email: jeff@jeffsuderman.com

 


 

Dr. Philip A. Foster is considered a Thought Leader in Business Operations, Organization and Strategic Leadership. He is a prolific writer, International Lecturer and Best Selling Author of “The Open Organization” – now available on Amazon. Philip is certified in both Leadership and coaching. He is the Founder and CEO of Maximum Change Consulting, serving clients from around the world. He holds a Doctorate in Strategic Leadership with emphasis in Strategic Foresight from Regent University, Virginia. You can contact him athttp://www.maximumchange.com

The Open Organization – 2nd Edition

OpenOrgCover2ndEditionIn 2014 I published what is thought to be the seminal work on the subject of Open Organizations. My goal was to present a text that provided a template for developing an Open Organization.

Nearly a year after my book was published, Jim Whitehurst CEO or Red Hat published his book The Open Organization. Igniting Passion and Performance. What I love about Jim’s book aside from the cool title is that he approached the subject from his perspective as a leader leading an Open Organization. Jim’s book put skin on the idea of Open. I would argue that Jim humanized the concepts. It is one thing to write about an organization from a case study perspective and an entirely new experience when the writer is living it out in real time.

Since the publication of my book, I have continued researching and writing on the subject of Open. I am proud to say that I am now an active member of the OpenSource.com group as an Ambassadors and Open Evangelist. Because the idea of an Open Organization is still evolving I felt it time to produce a 2nd edition of my book and address some of the changes. While most of the text remains the same and changes were mostly mechanical in nature, there are four major changes in this edition. They are:

  1. The book is now in softback and the price is much more reasonable than the original text. $30.00 on Amazon.
  2. More detail was added to Chapter 4 under the heading of Meritocracy. I begin to address some of the early challenges researchers have noted in Meritocratic organizations.
  3. More detail was added under the heading of Holacracy in Chapter 4. Where in the early text I recognized Holacracy as a form of Open, I have since stepped back from that idea and no longer consider it to be a pure Open system.
  4. In this text I begin to more deeply address the concepts of a distributed workforce. The implication of a growing distributed workforce is central to the expansion of the 21st century workforce.

You might be wondering what comes next. I will continue to publish articles, blogs, and videos on the evolution of Open Organizations. I am also writing my next book which will focus in on some key elements of the 21st century organization.

To get a copy of The Open Organization 2nd Edition – visit Amazon HERE.

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Dr. Philip A. Foster is considered a Thought Leader in Business Operations, Organization and Strategic Leadership. He is a prolific writer, International Lecturer and Best Selling Author of “The Open Organization” – now available on Amazon. Philip is certified in both Leadership and coaching. He is the Founder and CEO of Maximum Change Consulting, serving clients from around the world. He holds a Doctorate in Strategic Leadership with emphasis in Strategic Foresight from Regent University, Virginia. You can contact him at http://www.maximumchange.com

The Future of Working: Dystopia or Utopia?

Cbw_bXzWAAIt_ap                  Image Source: (McCormick 2016).

Recently I read an article from The Verge by Rich McCormick (2016) regarding Mark Zuckerberg’s presentation at the Mobile World Congress in Barcelona. The focus of this article was a picture of Mark Zuckerberg walking past attendees who are wearing Samsung’s Gear Virtual Reality headsets. Rich states that the image,

“…looks like concept art for a new dystopian sci-fi film. A billionaire superman with a rictus grin, striding straight past human drones, tethered to machines and blinded to reality by blinking plastic masks.”

Normally I would chuckle and move on, however this picture represents deeper insights about the future of our workforce and leadership. In fact, last year my colleague Dr. Jeff Suderman and I published a similar scenario in our paper “Envisioning Leadership in 2050: Four Future Scenarios.” In our article we presented four scenarios which depict how we might engage human capital by the year 2050. Two of these scenarios explored the possible dehumanizing effects or impact of technology in the future workplace.

One scenario focused on something we called Bio-Circuitry Leadership. It was represented by an image found in the movie Edge of Tomorrow in which soldiers were partnered with armored body suits. We imagined a scenario in which there would be “minimal separation between humankind and machinery/technology and very often, humans must adapt to the needs of technology instead of technology being adapted to meet our needs” (Suderman & Foster, 2015).  In this scenario, organizations and their leaders become “a complex blend of the best of both worlds: machines and humanity. The era of bio-circuitry leadership means that organizations have leveraged people and technology into a seamless system. It is difficult to distinguish between who people are and what they do because of how effectively human capacity is enhanced and blended with technology” (Suderman & Foster, 2015).

The second scenario presented a contrasting view and was titled Automaton Leadership. “By definition, an automaton is a moving mechanical device made in imitation of a human being. As a result of the relentless progression of technology, human capital will be shaped into a group of robot-like devices to accomplish the betterment of our world” (Suderman & Foster, 2015). As this scenario unfolds we find a world in which the “economic collapses of the early twenty-first century coupled with a decreasing full-time workforce led to a wide acceptance of technologies in everyday life” (Suderman & Foster, 2015). Under this scenario we imagined a world in which individuals of working age “…apply for and are fitted with docking harnesses which permit them to connect directly into the work grid. The Internet of everything now includes humans themselves. Individuals strap themselves into a work pod and the docking harness connects their entire body into the Internet” (Suderman & Foster, 2015). In this world the lines between “reality and virtual are merged as individuals spend most of their waking time connecting to the network” (Suderman & Foster, 2015).

Dr. Suderman and I recognize that our storylines are no more than best guesses about how our future will unfold.  However, the usefulness of scenarios about the future is not how accurate the stories turn out to be, but rather, how they help us shape the possibilities of the future. Twenty years ago few of us knew or even thought about the impact a smart phone would have on our lives. Today, we find mobile technologies impacting everyday decisions such as grocery shopping, taxi services and hotel accommodations. The seemingly innocuous introduction of ubiquitous technology has shaped a new economy right before our very eyes.

The idea of a future workforce strapped into some kind of technology may not be as farfetched as we would like it to be. In fact, most of us are already invisibly tethered to our smart devices. Laugh if you will, but the picture of Mark Zuckerberg and the audience of drones could very well be a glimpse into what is to come.

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IMG_0100-001Dr. Philip A. Foster is considered a Thought Leader in Business Operations, Organization and Strategic Leadership. He is a prolific writer, International Lecturer and Best Selling Author of “The Open Organization” – now available through Ashgate Publishing.  Philip is certified in both Leadership and coaching. He is the Founder and CEO of Maximum Change Leadership and Business Consulting, serving clients from around the world. He is a Doctor of Strategic Leadership with emphasis in Strategic Foresight and holds a Master of Art in Organizational Leadership, both from Regent University, Virginia. Twitter: @maximumchange, E-mail: philip@maximumchange.com.

Dr. Jeff Suderman is a futurist, professor and consultant who works in the field of organizational development. He works with clients to improve culture, leadership, teamwork, organizational alignment, strategy and organizational future-readiness. He resides in Palm Desert, California. Twitter: @jlsuderman, E-mail: jeff@jeffsuderman.com.

 

References:

McCormick, Rich (2016). This image of Mark Zuckerberg says so much about our future. The Verge. Retrieved on February 21, 2016 from http://www.theverge.com/2016/2/22/11087890/mark-zuckerberg-mwc-picture-future-samsung

Suderman, J.L., &Foster, P.A. (2015). “Envisioning Leadership in 2050: Four Future Scenarios. A Case for relevant 2050 leadership – preparing for change.” Building Leadership Bridges. Sage Publishing.

 

Leading through Disruption

interruptionWe often hear that change is constant. The truth – disruption is constant. In fact, life is filled with constant disruptions. In the news recently, we see images of the earthquake in Nepal with over 5000 reported deaths. Even hikers on Mount Everest were disrupted by the quake. On a more benign front, I recently traveled to Canada for a conference. On my return flight I had a layover in New York. My flight was scheduled to depart the gate at 4:05 pm. We didn’t pull back from the gate until near 5 pm. My life was disrupted by an hour.

Delays during travel are not unusual. The problem – I didn’t plan for a disruption. My life – much like yours – is filled with disruptions. Some disruptions are life altering – like in Nepal – and others are general annoyances.  How we prepare for the possibility of disruption makes all the difference.

Most of my work these days is in helping organizations think about the future. While no one can know the future with certainty – we can begin to consider a preferred future as well as emerging realities within our world. I believe that a great leader is constantly asking “What If”. What if a new technology emerges? What if the market crashes? What if there is not enough human capital to fill the available jobs? Asking these questions help us to develop the thought space of disruptions as well as the mental model to deal with those disruptions.

Consider this as an example.  In 1989 it was predicted that by the year 2000 less than half of the working population would be in full time employment. In 2011, a Gallup poll indicated that the number was less than 45%. If we continue this trend out to the year 2040 we are looking at less than 30% in full time employment. As this scenario continues to work itself out, I wonder whether organizations are ready for a disruption like this. Is your organization optimized for a contract labor force? Will you be able to compete with little or no full time employees?

Scenarios like these are not meant to scare but to create a thought space of solutions. It is much like a disaster recovery plan for the organizations strategy. While it is great to have an idea of our preferred future, we must also consider those things that might get in the way. Sometimes these disruptions create a better future while other scenarios create more difficult options. Thinking through these possibilities ahead of a disruption is always better than trying to put out a fire while it is happening.

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Dr. Philip A. Foster is considered a Thought Leader in Business Operations, Organization and Strategic Leadership. He is a prolific writer, International lecturer and Best Selling Author of “The Open Organization” – now available through Ashgate Publishing.  Philip is certified in both Leadership and coaching and serves as Adjunct professor at Middle Tennessee State University, Murfreesboro, TN. He is the Founder and CEO of Maximum Change Leadership and Business Consulting, serving clients from around the world. He is a Doctor of Strategic Leadership with emphasis in Strategic Foresight and holds a Master of Art in Organizational Leadership, both from Regent University, Virginia. He can be reached at philip@maximumchange.com

3 Reasons You Need a Consultant

business_management_consultantsIf you own a business of any size there will come a time when you will need some advice. Perhaps you have a simple question or a complex issue. Either way you clearly know that it is not wise to go-it-alone. While there are a multitude of reasons you might need the service of a consultant, I wanted to highlight three key reasons you need a consultant.

First, there is a fresh new perspective to the problems you face. If you believe you know the answer then, by-all-means, go for it. Recently I received a request to quote on a project for a potential client. The client began to tell me what they thought the problem was and how they wanted it fixed. I asked them the tell-tale question “what if that isn’t really the problem?” They were adamant that the problem was the problem and that if I wanted the business I needed to quote the job as they requested. I softly pushed back and told them that I could not engage a project where I was given a predetermined problem and a predetermined solution without at least testing their hypothesis. While it is not a bad thing to think you might know where the problem is, it is not good to assume that there might not be more to the issue that you are able to see. This is why you need a fresh perspective. I’ve seen clients like the one described here. They will burn through thousands of dollars and numerous consultants, looking for the one that will prove them right. But, what if they are wrong? The business won’t grow, change, and improve without the humbleness to realize an outside perspective is not a bad thing.

Second, a consultant brings insight. I have over 24 years of leadership and business experience in an array of industry silos and business structures. I have two other colleagues I work with that equally have the same amount of experience. A consultant’s insight is not just from their work background but is built on every consultant assignment they have completed. In my case, I have literally thousands of client hours in experience. Because I have a fresh perspective, I am able to offer new ideas and insight toward the appropriate solution. As a leader, I want – No, I need to surround myself with people who have insight. I never want to be the smartest person in the room when I am trying to come up with solutions. Insight is a powerful tool when used.

Finally, a consultant helps you develop alternative solutions. Considering the client example provided above, the client clearly didn’t want to hear about alternative solutions. They had their mind made up about the problem and had a clear path to the solution. For the client, this is a train wreck waiting to happen. Business leaders need alternative solutions. What if I were to ask you how would you prepare your organization for a future 10 years from now? Would you know what to consider? Would you know how to build a scenario profile? Perhaps you do… but do you have the time to research all of the potential disruptions on your event horizon? Or, do you have the know-how to facilitate and analyze a cultural assessment or leadership profile for your team? Perspective leads to insight and insight leads to alternative solutions. It is the knowing of which tools to use and how best to operate them.

The best consulting relationships I’ve entered are collaborative. When you can work with the client to create effective lasting solutions – it is powerful. You need a consultant because you need a new perspective. You need a consultant because you a fresh insight. You need a consultant because you need lasting solutions to your challenges. Wise counsel is a good thing. For that reason alone, it is always good to have a consultant available to you.

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Dr. Philip A. Foster is considered a Thought Leader in Business Operations, Organization and Strategic PIC3Leadership. He is a prolific writer, published author and lectures internationally. His most recent book “The Open Organization” is now available through Ashgate Publishing.  Philip is certified in both Leadership and coaching and serves as Adjunct professor at Middle Tennessee State University, Murfreesboro, TN. He is the Founder and CEO of Maximum Change Leadership and Business Consulting, serving clients from around the world. He is a Doctor of Strategic Leadership with emphasis in Strategic Foresight and holds a Master of Art in Organizational Leadership, both from Regent University, Virginia. He can be reached at philip@maximumchange.com or (615) 216-5667.

Where have all the employees gone?

Empty office with boxes and one chairIn a recent Wall Street Journal Article “U.S. Could Face High Unemployment Through 2030” (Read Here), it argued in part that by the year 2030, unemployment could be as high as 11 percent. If you have followed any of my writing for the past couple of years, you would know that I had already sounded the alarm. In fact, with the current trends forecast out we are facing an unprecedented time in the availability of a skilled and qualified labor force. By one estimate, we can expect less than 35 percent of the workforce in full time positions by the year 2040. The numbers are staggering. With an estimated population in the United States in 2040 to be roughly 382.2 million, we are looking at 65% of the population without full time work. The chart below offers a rough estimate of what can be expected within the next 26 years:

Cohort (2040)

Number in Millions Percentage

0-19 (too young to work)

84.05 22%
Unemployed 42.04 11%
Employed Full time 133.8 35%
Other 94.02 25%
70+ (retired) 28.29 7%

 

You may be asking why this is important today? I can offer an analogy based on industries, government, communities and individuals that did not prepare for the future. If we consider the auto industry for a moment, specifically focused on areas in which large manufacturing facilities were located. Detroit is a good example of how the industry changed and within a short period of time, the regions that supported the factories fell into demise. While there are many reasons why this happened, the fact remains that there was little attention paid to the future much less scenarios asking the question “what if the factory closed tomorrow.”  If you are a business leader you might want to ask yourself what a reduction in your workforce would look like. Start to look at what it would take to run an international, multimillion dollar organization with 50 percent less staff. How will a small or midsize corporation survive if they cut their human capital in half?

There are many pressures creating this reality. Truth be told, this is not something that just started happening in the past few years. In fact, the workforce began shrinking in the late 1980s and early 1990s. We have been on a slow decline for over 20 years. Pressures include a decline in fertility in the United States, a growing unskilled labor force, and a dysfunctional immigration policy that inhibits the entry of skilled labor while freely accepting unskilled labor without question.

How will we respond to these changes over the next 20 years? We can already see the results of this coming crisis. Technology is beginning to embrace robotics. Not just machines, but also software. Technology companies are developing artificial intelligence at a staggering rate. New technologies are emerging such as self-building robots and 3D-Printing just to name a few. Deficits include retooling and educating a growing unskilled labor force.  Organizations will begin to embrace more egalitarian structures in an effort to create efficiencies while maintaining a smaller organizational footprint. We will begin to see the freelancing and consulting as a growth industry. Remote workers will complete their tasks through the “cloud” and via video conferencing. This could have an effect on business travel and how we engage clients face-to-face. Clients will expect quicker response at a lower cost threshold.

While these are all assumptions, the idea is to think strategically about the future. Asking tough “What IF” questions and developing responses to mission-critical threats in the not-so-far-off future.

 

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Dr. Philip A. Foster is considered a Thought Leader in Business Operations, Organization and Strategic PIC3Leadership. He is a prolific writer, published author and lectures internationally. His most recent book “The Open Organization” is now available through Ashgate Publishing.  Philip is certified in both Leadership and coaching and serves as Adjunct professor at Middle Tennessee State University, Murfreesboro, TN. He is the Founder and CEO of Maximum Change Leadership and Business Consulting, serving clients from around the world. He is a Doctor of Strategic Leadership with emphasis in Strategic Foresight and holds a Master of Art in Organizational Leadership, both from Regent University, Virginia. He can be reached at philip@maximumchange.com or (615) 216-5667.