Category Archives: Strategy

Are Gas Stations the Future of Starbucks?

Are Gas Stations the Future of Starbucks?

Recently the Seattle Times published an article from the Washington Post highlighting a gas station in Maryland that has made the bold move of turning off its gas pumps and installing electric charging stations in their place. Which got me thinking…

Given that in the early days of automobiles you had to go to the pharmacy and buy gasoline in open containers before an evolution began to curbside gas pumps before finally arriving at the drive thru format we have today, why would it be crazy to think that we are due for the next reinvention of refueling now that electric vehicles are beginning to catch on?

And what might a “gas” station v5.0 look like?
(the first four generations being pharmacy, curbside, drive thru full serve, and self serve)

Curbside Gas Station

Given that it takes 15-30 minutes to quickly recharge an electric car, a “gas” station v5.0 may very well end up looking like a Starbucks.

Are people going to want to hang out in their cars while they recharge?

Wouldn’t they rather chill out in a Starbucks sipping on a latte (or a hot chocolate) while they wait for enough juice to keep rolling down the road?

So shouldn’t Starbucks be considering entering the “gas” station business?

Or is the somewhat random growth of electric charging likely to continue?

The answer for me is of course both…

In urban environments I would imagine the trend of a lot of one-off charging stations to continue.

But if I were Starbucks I would look at the interstate highway system and consciously set up Starbucks locations next to gas stations and install electric vehicle charging stations as part of the design. That way you get business from the large number of internal combustion drivers and the small number of electric vehicle drivers now, while those numbers gradually invert over time.

Starbucks Electric Charting Station

Maybe Starbucks could even do a deal with Tesla Motors like they did with Fred Meyer (a small superstore chain with groceries that is part of the Kroger family). Or maybe Nissan or GM want to get in on the action instead.

What do you think?

Image credits: Starbucks, American Oil & Gas Historical Society, Chargepoint


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How Futures Research Can Help Organizations Develop Long-Term Strategies

How Futures Research Can Help Organizations Develop Long-Term Strategies

GUEST POST from Art Inteligencia

The development of long-term strategies is a key element of success for any organization, but it can be a difficult process. Futures research is a powerful tool that can help organizations understand the future and develop strategies that are based on current and future trends. This article will explore how organizations can use futures research to develop long-term strategies and provide two case study examples of organizations that have successfully used futures research.

Futures research, also known as strategic foresight or scenario analysis, is an interdisciplinary approach that combines elements of social science and technology to explore possible future scenarios. It involves using a variety of methods and tools to evaluate the impact of existing and emerging trends on an organization. This approach can help organizations identify potential opportunities and threats, assess risks, and develop strategies to navigate an uncertain future.

Organizations can use futures research to develop long-term strategies in a variety of ways. Firstly, it can be used to identify potential future trends that may impact the organization’s operations and strategies. This can include identifying demographic trends, technological advances, and global events that may affect the organization. Secondly, futures research can be used to develop scenarios that explore how different trends may interact with each other and shape the organization’s future. These scenarios can help the organization understand the potential risks and opportunities associated with each possible future. Finally, futures research can be used to identify strategies that can help the organization navigate the future.

To illustrate how futures research can help organizations develop long-term strategies, here are two case studies of organizations that have successfully used this approach.

Case Study 1

The first case study is of the City of Melbourne, Australia. The city council used futures research to develop a 20-year vision and strategic plan that focused on creating a vibrant, sustainable, and prosperous city. The council used a variety of methods to identify future trends and assess their impact on the city. They developed scenarios that explored different possible futures, and identified strategies to help the city adapt and thrive in the face of these emerging trends. As a result, the city council was able to develop a comprehensive long-term plan that addressed the challenges and opportunities of the future.

Case Study 2

The second case study is of the US Navy. The Navy used futures research to develop a strategy to identify emerging technologies and develop new capabilities that could be used to protect US interests. The Navy used a variety of methods, including scenario planning and trend analysis, to identify potential technological advances and assess their impact on naval operations. As a result, the Navy was able to develop a long-term strategy that focused on developing new capabilities and technologies to ensure the Navy’s continued success.

Conclusion

These two case studies demonstrate how futures research can be used to develop long-term strategies. By using a variety of methods and tools to identify future trends and assess their impact on an organization, futures research can help organizations develop strategies that are based on current and future trends. This approach can help organizations prepare for the future and ensure their long-term success.

Bottom line: Futurists are not fortune tellers. They use a formal approach to achieve their outcomes, but a methodology and tools like those in FutureHacking™ can empower anyone to be their own futurist.

Image credit: Pexels

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Going Beyond the Business Model Canvas

Going Beyond the Business Model Canvas

For decades when business people and aspiring entrepreneurs came up with an idea and became serious about commercializing it, they would, by default, create a business plan. Anyone who has ever created a business plan knows they are a LOT of work. And as any innovator knows, most ideas turn out to be garbage. As a result, the creation of most business plans ends up being a waste of time.

All of this wasted time and money in the universes of both corporate innovation and startups was definitely an area of opportunity.

This pain has been solved in part by the Business Model Canvas created by Alex Osterwalder and Yves Pigneur, the Lean Canvas created by Ash Maurya, and by minor variations created by others.

Purpose of the Business Model Canvas

The purpose of both at their core is the same. The Business Model Canvas and the Lean Canvas seek to help entrepreneurs, intrapreneurs and innovators quickly explore the desirability, feasibility and viability of their ideas in a more visual and collaborative way, while also supporting much quicker iterations and revisions to both the value proposition and its path to market.

Where a business plan may take weeks to create, a Business Model Canvas or Lean Canvas can be created in an afternoon.

Where a business plan is often created by one person and revised by others in a serial manner, a Business Model Canvas or Lean Canvas is a group activity, informed by a collection of diverse perspectives and experiences, and challenged, evolved and revised in a real-time, parallel manner.

What excites me most as someone who conducts workshops all around the world and teaches people how to use the Business Model Canvas and other innovation & change tools, is that the Business Model Canvas and Lean Canvas have helped to accelerate a transformation in not only how people are taught, but also how they are permitted to conduct business.

Creating a Business Model Canvas as a Team

The Visual and Collaborative Workplace Transformation

This transformation is a game changer because it represents a growing integration of methods into workshops and meetings that enable facilitators to engage not only auditory learners, but visual, kinesthetic and social learners as well.

This more human approach to prototyping a business helps to add a bit more structure around an idea, in a collaborative way that will more quickly surface gaps and flaws while also testing assumptions, collecting idea fragments into a more holistic value proposition and creating a vision for how to make it real.

But, as we all know, any new business or any potential innovation will create an abundance of required and necessary changes. Unfortunately, whether you are using the Business Model Canvas or the Lean Canvas, the truth and the limitation is that they are but a single tool and can’t help you walk the rest of the path to reality. To create the changes necessary to realize your vision, you will need many more tools.

“When what people do aligns with what they think and feel, then and only then, will you achieve the outcomes you’re looking for.”

The good news is that this more visual and collaborative way of working helps with two of the most important keys to success – buy-in and alignment – and also helps to align mind, body, and spirit to harness the whole brain and its three constructs:

  1. Cognitive (thinking)
  2. Conative (doing)
  3. Affective (feeling)

Outcome-Driven Change Framework by Braden Kelley

Beyond the Business Model Canvas and the Lean Canvas

Visual, collaborative tools like the Business Model Canvas, Lean Canvas, Empathy Map, Value Proposition Canvas, Experience Maps, Service Design, and even Customer Journey Maps have laid the groundwork for a more modern, more powerful way of working that leverages the whole brain of the individual, and all three learning styles of the collective.

And where these tools all represent the beginning of a visual, collaborative endeavor to create change, they are missing the tools to help plan for and execute the changes that are being proposed.

Making the Shift to Human-Centered Change

This is where the Change Planning Toolkit™ powering the Human-Centered Change methodology comes in. It has been designed with the Change Planning Canvas™ at its core to feel familiar to those already using the aforementioned tools and empower teams to take the next steps on their journey to be successful:

  1. Innovation and Intrapreneurship
  2. Startup Creation
  3. Digital Transformation
  4. Design Thinking
  5. New Product Development (NPD)
  6. Service Design
  7. Experience Design
  8. Customer Experience (CX) Improvement Efforts
  9. Projects (make sure you also get the Visual Project Charter™)
  10. Change Initiatives

Charting Change is Number OneSo, if you’re already familiar with the Business Model Canvas, Lean Canvas, Empathy Map, Value Proposition Canvas, Experience Maps, Service Design, or Customer Journey Maps then you should get a copy of my latest book Charting Change and it will show you the thinking behind the Change Planning Toolkit™, how to use it to maintain the momentum of your team and the energy behind your idea, and how to leverage both to push it forward towards reality.

The Change Planning Toolkit™ will help you beat the 70% change failure rate, create more efficient and effective change initiatives (and even projects), and accelerate your pace of successful change in order to keep up with the accelerating pace of change all around us and to be more nimble, agile, and responsive than your competition.

Three Steps to Human-Centered Change Success

There is a simple three step process for people who want to start saving time and get the jump on their competition today by familiarizing themselves with the Human-Centered Change methodology:

  1. 10 free tools available to download now
  2. 26 free tools when you buy the book
  3. 70+ tools when you license the toolkit

I’ve invested more than $1 million into the Change Planning Toolkit™ so you don’t have to, and so you can leverage this investment to gain all of the benefits above while also saving yourself thousands or millions of dollars in consulting fees – every year.

And for a limited time, there are some exciting FREE training opportunities available to a handful of organizations who contact me.


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The Role of Design Thinking in Business Strategy

The Role of Design Thinking in Business Strategy

GUEST POST from Art Inteligencia

Design thinking is a method of problem solving that has been around since the 1970s but has become increasingly popular in business strategy in the last decade. This approach to problem solving relies on creative thinking to find user-centered solutions and has proven to be an effective way to improve customer experience and increase profits. Design thinking has become a key element in crafting business strategy and can help organizations gain a competitive edge. Here are ten ways design thinking can help craft business strategy:

1. Identifying customer needs: Design thinking starts with looking at the user and understanding their needs. Through research and observation, organizations can identify and prioritize customer needs and then use that information to create strategies that are tailored to their customer base.

2. Developing empathy: Design thinking requires organizations to put themselves in the shoes of their customers and understand their motivations, values, and preferences. This helps organizations develop empathy for their customers and design strategies that are tailored to their needs.

3. Improving customer experience: Design thinking helps organizations create a better customer experience by focusing on the user journey and understanding their needs and pain points. This can help organizations create strategies that improve customer experience and increase customer loyalty.

4. Creating innovative solutions: Design thinking encourages organizations to think outside the box and come up with innovative solutions to problems. This can help organizations create strategies that are different from the competition and give them an edge.

5. Enhancing team collaboration: Design thinking encourages collaboration and creativity within teams by encouraging different perspectives and ideas. This helps organizations create strategies that are more effective and efficient.

6. Generating new ideas: Design thinking helps organizations generate new ideas and perspectives that can help them craft better strategies. This can help organizations stay ahead of the competition and create unique solutions.

7. Facilitating decision-making: Design thinking helps organizations make informed decisions by providing them with the data and insights they need to make informed decisions. This can help organizations make decisions that are better for the business and its customers.

8. Improving communication: Design thinking helps organizations communicate more effectively by focusing on the customer and understanding their needs. This can help organizations create strategies that are more effective and better tailored to their customers.

9. Enhancing user-centered design: Design thinking helps organizations create user-centered designs that focus on the user and their needs. This can help organizations create strategies that are more effective and better tailored to their customers.

10. Increasing profits: Design thinking helps organizations create strategies that are more effective and efficient, which can lead to increased profits. This can help organizations increase their competitive edge and stay ahead of the competition.

Design thinking is an effective tool for crafting business strategy and can help organizations gain a competitive edge. Through research and observation, organizations can identify customer needs and then use that information to create strategies that are tailored to their customer base. Design thinking can also help organizations create innovative solutions, improve customer experience, and increase profits. By utilizing design thinking, organizations can create strategies that are more effective and efficient, which can help them gain a competitive edge.

SPECIAL BONUS: Braden Kelley’s Problem Finding Canvas can be a super useful starting point for doing design thinking or human-centered design.

“The Problem Finding Canvas should help you investigate a handful of areas to explore, choose the one most important to you, extract all of the potential challenges and opportunities and choose one to prioritize.”

Image credit: Pixabay

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Are You Prepared to Run a Digital Business for the Digital Age?

Are You Prepared to Run a Digital Business for the Digital Age?

In our digital age, all companies must change how they think, how they interact with customers, partners, and suppliers, and how their business works on the inside. Customer, partner, and supplier expectations have changed, and a gap is opening between what they expect from their interaction with companies and what those companies are currently able to deliver. Companies must immediately work to close this expectation gap, or their entire business is at risk.

If digital natives attack, they will do it with a collection of digital strategies that utilize the power of the digital mindset to more efficiently and effectively utilize the available people, tools, and technology, and to design better, more seamlessly interconnected, and automated processes that can operate with only occasional human intervention.

To defend your company’s very existence, you must start thinking like a technology company or go out of business. Part of that thinking is to fundamentally re-imagine how you structure and operate your business. You must look at your business and your industry in the same way that a digital native startup will if they seek to attack you and steal your market. To make this easier, ask yourself these five foundational questions:

  1. If I were to build this business today, given everything that I know about the industry and its customers and the advances in people, process, technology and tools, how would I design it?
  2. From the customers’ perspective, where does the value come from?
  3. What structure and systems would deliver the maximum value with the minimum waste?
  4. What are the barriers to adoption and the obstacles to delight for my product(s) and/or service(s) and how will my design help potential customers overcome them?
  5. Where is the friction in my business that the latest usage methods of people, process, technology, and tools can help eliminate?

There are, of course, other questions you may want to ask, but these five should get you most of the way to where you need to go in your initial strategic planning sessions. What questions do you think are key for enterprises to ask themselves if they are to survive and thrive in the digital age?

Digital Strategy vs. Digital Transformation

How much appetite for digital change do you have?

Understanding how your management and your enterprise is likely to answer this question will help you identify whether your business should pursue a digital strategy or a digital transformation. The two terms are often misused, in part by being used interchangeably when they are in fact two very different things.

A digital strategy is a strategy focused on utilizing digital technologies to better serve one group of people (customers, employees, partners, suppliers, etc.) or to serve the needs of one business group (HR, finance, marketing, operations, etc.). The scope of a digital strategy can be quite narrow, such as using digital channels to market to consumers in a B2C company; or broader, such as re-imagining how marketing could be made more efficient using digital tools like CRM, marketing automation, social media monitoring, etc. and hopefully become more effective at the same time.

Meanwhile, digital transformation is an intensive process that begins by effectively building an entirely new organization from scratch, utilizing:

  • The latest best practices and emerging next practices in process (continuous improvement, business architecture, lean startup, business process management, or BPM, crowd computing, and continuous innovation using a tool like The Eight I’s of Infinite Innovation™)
  • The latest tools (robotics, sensors, etc.)
  • All the latest digital technologies (artificial intelligence, predictive analytics, BPM, etc.)
  • The optimal use of the other three to liberate the people who work for you to spend less time on bureaucratic work and more time creating the changes necessary to overcome barriers to adoption and obstacles to delight through better leadership methods, reward/recognition systems, physical spaces, collaboration, and knowledge management systems, etc.

It ends with a plan of how to transform from the old way of running the business to the new way.

The planning of the digital transformation is all done collaboratively on paper, whiteboards, and asynchronous electronic communication (definitely not email) powered by a collection of tools like the Change Planning Toolkit™.

The goal is to think like a digital native, to think like a startup, to approach the idea of designing a company by utilizing all the advances in people, process, technology, and tools to kill off the existing incarnation of your company. Because if you don’t re-invent your company now and set yourself up with a new set of capabilities that enable you to continuously reinvent yourself as a company, then a venture capitalist is going to see an opportunity, find the right team of digital natives, and give them the funding necessary to enter your market and reinvent your entire industry for you.

What do you want to re-invent?

Our team at Oracle was created to use design thinking, innovation and transformation tools and methods to help Oracle customers tackle their greatest business challenges, to re-imagine themselves for the digital age, and to discover and pursue their greatest innovation, transformation and growth opportunities.

We call this human-centric problem-solving and together we create plans to make our customers’ solution vision real in just weeks. And along the way, this new Oracle approach helps increase collaboration across business functions and accelerate future decision-making.

Find out more about how to protect your business from digital disruption, building upon these five foundational questions with additional questions and frameworks contained in my latest success guide Riding the Data Wave to Digital Disruption.


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A Deep Dive into Horizon Scanning

What It Is and How It Can Help Your Business

A Deep Dive Into Horizon Scanning

GUEST POST from Art Inteligencia

Horizon scanning is a powerful tool that can help businesses anticipate and prepare for future changes in their operating environment. It involves researching, analyzing and predicting future trends, developments and opportunities. This process can provide businesses with insights into potential risks and opportunities, allowing them to plan accordingly and maximize their chances of success. In this article, we’ll take a deep dive into horizon scanning, exploring what it is and how it can benefit your business.

What is Horizon Scanning?

Horizon scanning is a process of identifying and analyzing emerging developments, trends, and opportunities that may affect a business in the future. It involves researching and gathering information from a variety of sources, including the news, industry reports, and experts. This data is then used to identify potential risks and opportunities. The goal is to provide businesses with advance notice of changes that could affect their operations, allowing them to make informed decisions and plan accordingly.

How Horizon Scanning Can Help Your Business

Horizon scanning can provide businesses with a number of benefits, some of which include:

1. Improved Strategic Planning: By researching and analyzing future developments, trends, and opportunities, businesses can gain valuable insights into potential risks and opportunities. This allows them to make informed decisions and develop effective strategies for dealing with these changes.

2. Enhanced Competitiveness: Horizon scanning can provide businesses with an edge over their competitors. By being aware of potential changes in their operating environment, businesses can be better prepared to take advantage of opportunities and minimize the impact of potential risks.

3. Improved Decision Making: By predicting future changes, businesses can make more informed decisions. This can help them make the right decisions at the right time and maximize their chances of success.

4. Increased Efficiency: Horizon scanning can help businesses save time and resources by providing them with the information they need to make informed decisions. This can help them reduce costs and increase efficiency.

5. Building Resilience: By preparing for potential risks and opportunities, businesses can become more resilient and better able to cope with changes in their operating environment. This can help them remain competitive and profitable in the long term.

Conclusion

Horizon scanning is a powerful tool that can help businesses anticipate and prepare for future changes in their operating environment. It can provide businesses with a number of benefits, including improved strategic planning, enhanced competitiveness, improved decision making, increased efficiency, and greater resilience. By researching and analyzing potential risks and opportunities, businesses can make informed decisions and plan accordingly.

Bottom line: Futurology and prescience are not fortune telling. Skilled futurologists and futurists use a scientific approach to create their deliverables, but a methodology and tools like those in FutureHacking™ can empower anyone to engage in futurology themselves.

Image credit: Pixabay

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What is Horizon Scanning?

What is Horizon Scanning?

GUEST POST from Art Inteligencia

Horizon scanning is the process of monitoring, analyzing and predicting potential future events and trends that have the potential to affect a given organization, industry or sector. It is a proactive approach that helps organizations anticipate emerging risks and opportunities. This article will explore what horizon scanning is, its key characteristics, and how it can benefit an organization.

Characteristic 1: Proactive Analysis

The main purpose of horizon scanning is to be proactive in preparing for potential future events. It involves looking at the current environment and predicting upcoming trends and events that can affect an organization. It is not a reactive approach that only responds to events after they have occurred.

Characteristic 2: Systematic Process

Horizon scanning is a systematic process that involves identifying, analyzing and monitoring potential future events and trends. It involves looking at factors such as economic, political, technological, environmental and social. This helps organizations identify risks and opportunities before they become apparent to the general public.

Characteristic 3: Analyzing Data

Horizon scanning involves collecting and analyzing data to help identify potential future events. Organizations use a variety of data sources such as newspapers, magazines, industry reports, surveys and other sources to help identify emerging trends.

Characteristic 4: Interdisciplinary Approach

Horizon scanning requires an interdisciplinary approach that involves collaboration between different disciplines. This could include marketing, finance, operations, research and development, and other departments. By working together, organizations can identify potential trends and events that may affect their operations.

Characteristic 5: Benefits

The benefits of horizon scanning are numerous. It can help organizations stay ahead of the competition, prepare for potential risks, identify new opportunities and develop strategies to take advantage of them. By being proactive, organizations can anticipate the future and be well-prepared for any event that may occur.

In conclusion, horizon scanning is an important process for organizations to stay ahead of the competition. It involves a systematic and interdisciplinary approach that involves monitoring, analyzing and predicting potential future events and trends. By taking a proactive approach, organizations can identify potential risks and opportunities before they become apparent to the public.

Bottom line: Futurology and prescience are not fortune telling. Skilled futurologists and futurists use a scientific approach to create their deliverables, but a methodology and tools like those in FutureHacking™ can empower anyone to engage in futurology themselves.

Image credit: Pixabay

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Change Management Strategies for Organizational Transformation

Change Management Strategies for Organizational Transformation

GUEST POST from Art Inteligencia

Organizational transformation is necessary for businesses to remain competitive in today’s digital economy. It involves adapting to changing market conditions, customer demands, and technological advancements. Change management strategies are essential for successful organizational transformation. These strategies help organizations to manage the change process, implement new systems and processes, and ensure that the transformation is successful.

The first step in developing successful change management strategies is to assess the current organizational structure and identify areas of opportunity. This assessment should include an examination of the organization’s culture, communication channels, and leadership style. Once the areas of opportunity have been identified, the next step is to develop a plan for the transformation process. This plan should include detailed objectives, timelines, and a communication strategy.

Once the plan is in place, the next step is to develop a detailed implementation plan. This plan should include the steps necessary for successful implementation and the resources required. It should also include a timeline and a budget for the implementation process.

The next step is to communicate the change to all stakeholders. This includes employees, customers, suppliers, and other stakeholders. Communication should include the objectives of the transformation, the timeline for implementation, and the resources and support available. It is important to ensure that everyone is informed and on board with the transformation process.

The final step is to review and monitor the progress of the transformation. This should include regular reviews of the implementation plan and feedback from stakeholders. Regular monitoring and reviews will help ensure that the transformation is successful and that any issues are quickly identified and addressed.

Change management strategies are essential for successful organizational transformation. By assessing the current organizational structure, developing a plan, communicating the change, and monitoring the progress, organizations can ensure that the transformation is successful. This will help organizations remain competitive and successful in the digital age.

Image credit: Pixabay

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Accelerate Your 2018 Commitments and Start the Year Strong

Accelerate Your 2018 Commitments and Start the Year Strong

As 2018 picks up speed, perhaps you are a manager or leader with a project that you are responsible for finishing before the end of the first or second quarter. Why not get an MBA-qualified resource to help you complete the work?

I have a good network of highly skilled individuals and could find you a talented resource that can jump right in to almost any situation, get up to speed quickly and accelerate your 2018 commitments.

Or, perhaps I might be able to jump in and help out…

Whether you need part-time help or a full-time resource to help you close out a project before the end of the first or second quarter, please contact me, and let’s see if we can satisfy your resource needs, including specialties like:

  • Presentation creation
  • Help crafting a thought leadership piece you committed to
  • Executive communications
  • Marketing communications
  • Project management
  • Program management
  • Marketing strategy
  • Online marketing execution
  • Social media or community management
  • Training delivery or course creation
  • Workshop facilitation or assistance with workshops

Click here to get some extra help now


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Wrap Up Those 2017 Loose Ends and Finish the Year Strong

Wrap Up Those 2017 Loose Ends and Finish the Year Strong

As 2017 comes to a close, perhaps you are a manager or leader with a project that you are responsible for finishing before the end of the year. Why not get an MBA-qualified resource to help you complete the work?

I have a good network of highly skilled individuals and could find you a talented resource that can jump right in to almost any situation, get up to speed quickly and close out 2017 with a bang.

Whether you need part-time help or a full-time resource to help you close out a project before the end of the year, please contact me, and let’s see if we can satisfy your resource needs, including specialties like:

  • Presentation creation
  • Help crafting a thought leadership piece you committed to
  • Executive communications
  • Marketing communications
  • Project management
  • Program management
  • Marketing strategy
  • Online marketing execution
  • Social media or community management
  • Training delivery or course creation
  • Workshop facilitation or assistance with workshops

Click here to get some extra help now


Accelerate your change and transformation success

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