USC NACD Final
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This document discusses advancing exemplary board leadership in an era of rapid technological change and innovation. It notes that today's "third industrial revolution" is bringing new tools and ways to shape the world, along with new economic behaviors and unprecedented shifts. The document urges boards to think globally and exponentially rather than locally and linearly. It also stresses that boards need to adopt disruptive tools and business models, attempt "crazy ideas," remain open-minded and inquisitive, experiment more, and ensure they have the right skills and experiences to lead in this new environment.
USC NACD Final
- 1. 1 ADVANCING EXEMPLARY BOARD LEADERSHIP Source: 2014 Gartner Hype Cycle ADVANCING EXEMPLARY BOARD LEADERSHIP Technology Risk, Reward and Reinvention 1
- 2. 2 ADVANCING EXEMPLARY BOARD LEADERSHIP Bob Zukis @bobzukis | bobzukis@gmail.com Eileen Bartholomew @ebartholomew | eileen@xprize.com Bill McCormick bmccormick@aequitascapital.com Our Panel 2
- 3. 3 ADVANCING EXEMPLARY BOARD LEADERSHIP Source: Gartner 2014 Got IT? 3
- 4. 4 ADVANCING EXEMPLARY BOARD LEADERSHIP Whats Different About This Cycle of Technology Driven Innovation? 4
- 5. 5 ADVANCING EXEMPLARY BOARD LEADERSHIP Source: McKinsey and Company 2015 Opportunity Risk 5
- 6. 6 ADVANCING EXEMPLARY BOARD LEADERSHIP Is Every Company Now A Technology Company? Source: McKinsey and Company 2015 6
- 7. 7 ADVANCING EXEMPLARY BOARD LEADERSHIP Why Should a Traditional Company Like a Manufacturer, Care About Todays Technology? 7
- 8. 8 ADVANCING EXEMPLARY BOARD LEADERSHIP A carefully written manual Your Telephone Asset or Liability especially for the use of executives June 24, 1916 meant an immediate saving of over a week per year of the time of every telephone user from the $10 a week clerk to the $100,000 a year executive. 8
- 9. 9 ADVANCING EXEMPLARY BOARD LEADERSHIP Source: PwC 2015 9
- 10. 10 ADVANCING EXEMPLARY BOARD LEADERSHIP Why Are Boards Slow at Understanding Opportunity Risk and What Can They Do To Improve? 10
- 11. 11 ADVANCING EXEMPLARY BOARD LEADERSHIP TheRisingTide ofReinvention 11
- 12. 12 ADVANCING EXEMPLARY BOARD LEADERSHIP TheRisingTide ofReinvention ≒The 3rd Industrial Revolution new tools, new ways to shape our world 12
- 13. 13 ADVANCING EXEMPLARY BOARD LEADERSHIP TheRisingTide ofReinvention ≒The 3rd Industrial Revolution new tools, new ways to shape our world ≒New Behaviors and Economic Incentives productivity, lower transaction costs, knowledge amplification and symmetry, et al. 13
- 14. 14 ADVANCING EXEMPLARY BOARD LEADERSHIP ≒The 3rd Industrial Revolution new tools, new ways to shape our world ≒New Behaviors and Economic Incentives productivity, lower transaction costs, knowledge amplification and symmetry, et al. ≒Unprecedented Shifts demographics, economic power, social mandate, environmental stress TheRisingTide ofReinvention 14
- 15. 15 ADVANCING EXEMPLARY BOARD LEADERSHIP Takeaways Eileen >Are you thinking local and linear, or global and exponential? >How are you adopting breakaway tools and business models to disrupt yourself first? > Where and how do you attempt crazy ideas? 15
- 16. 16 ADVANCING EXEMPLARY BOARD LEADERSHIP Takeaways Eileen >Are you thinking local and linear, or global and exponential? >How are you adopting breakaway tools and business models to disrupt yourself first? > Where and how do you attempt crazy ideas? Bill >Are Board Directors open minded and inquisitive enough? >Are you experimenting enough? >Do you have the right skills and experiences in the Boardroom? 16