In the 2020s, Adaptive firms will outperform the competition

Data, AI, IOT, blochains… What will be at stake for leaders to keep their workplace competitive towards 2030?

Adaptive Quotient: The New Competitive Advantage

Just look at the numbers. Since 1980 the volatility of business operating margins, largely static since the 1950s, has more than doubled, as has the size of the gap between winners (companies with high operating margins) and losers (those with low ones).

How is it that some companies reach trillions of dollars market valuation and others never reach a billion? TO build technology businesses, workforces need to adapt to the technologist mindset.
Gary Hamel, interviewing Bill Gates about The Future of the Workplace.

Staying competitive with internal re-organization

Future fit leaders do this by using flexible technology, making decisions based on predictive insights, and having an adjustable organization that can adapt to changing market dynamics. To be adaptive, leaders should consider that:

  • Predictive insights uncover emerging opportunities. Firms cannot wait to witness trends before taking action. Adaptive firms constantly apply insights to predict emerging customer needs and expectations and act on those needs. Adaptive firms seek to create virtuous cycles in which they can leverage insights from customers and partners that enable them to continually provide value and identify emergent needs. A leading industrial manufacturing firm has built digital capabilities into its products to improve performance, conduct predictive maintenance, and create a tighter relationship and more value for its customers.
  • Businesses are enabled through changeable orgs. Adaptive organizations are not afraid to pursue adjacent or disruptive opportunities. Tech execs at adaptive firms seek to build flexibility into their operating models. Platform teams provide consistency, scalability, and versatility. High-performing organizations structure themselves around the work that needs to be done, leveraging partner ecosystems to both unbundle work but also drive innovation. A customized business goods company quickly identified a new opportunity in the marketplace to create masks at the start of the pandemic and worked with partners to quickly introduce what became one of the most popular and highly rated masks in the US.

4 ways leaders can boost the workplace adaptivity

Adaptivity.us is a tech company dedicated to build products to help organizations and its individuals to stay adaptive and win market shares through technology skills enhancement.

1.Change Your Thought Process

Let go of the “Well, that’s the way we’ve always done it” mentality. While change can be scary and intimidating, embrace it and look at change as an opportunity to improve, learn, and grow. It can open the door to creativity as well. This also means, however, being open to the thoughts and opinions of others, i.e. different perspectives.

2.Force Yourself & Your Team to Take Risks

Little progress is made without risk. For some, the idea of risk is so adverse that they will run from it as fast as they can, but taking risks is a key part of being adaptable. Start small and to increase comfort, discuss risk-taking as part of team meetings, which can serve as a system of support.

3.Encourage Others to Be Open-Minded

One of the best ways you can develop an open mind is to encourage others to do the same. This creates a more open atmosphere in and around you, thereby further encouraging your open-mindedness and continuing the cycle. It also serves as a means to shut down closed-minded thinking, such as “Well, that’s how we’ve always done it.”

4.Embrace Adaptive Learning

As mentioned in my book, The Adaptive Economy, people who are curious and stay updated to new technology trends, tend to be adaptive and react better to environmental changes. This means you and your team need to embrace and create processes for volunteer lifelong learning. Read up about new technologies in your industry sector, get yourself and your team to attend Zoom technology seminars, learn about workflows technology enhancement with new tools available in the market, connect and hire growth hackers and innovators consultants who have this kind of vision, and learn from them, read what they read, etc.

5.Take The Adaptive Quotient Assessment

Do you want to know the Adaptive Quotient of your team? Access here the free Adaptive Quotient assessment of the organization dedicated to supporting global organizations to become Adaptive and stay ahead of the curve towards 2030.

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Djoann Fal

Djoann Fal

Author of The Adaptive Economy | Forbes 30U30 | Tatler | Jedi | Co-Founder, GetLinks (Alibaba, SEEK) | Watch my talks here: http://y2u.be/Ep4a9Pba374