ron lynch: building for growth - nottingham growth workshop

WORLD

V U C A

It’s a ……….

Volatile

Uncertain

Complex

ONE WAY

Ambiguous

VibrantUnrealCrazyAstounding

If you have an apple and I have an apple and we exchange these apples then you and I will still each have one apple. But if you have an idea and I have an idea and we exchange these ideas, then each of us will have two ideas.” George Bernard Shaw

The power of believing you can improve

Fixed Mindset v

Growth MindsetProfessor Carol Dweck

Types of business

DYNAMICS of the SME sector

LIONS

MULES

TURKEYS

5% Real Growth10% Premium SMEs

65% “Steady State” Micro Businesses

10% Vulnerable10% Cease to Trade (1% Die Painfully)

LIONS•Actively and constantly scan environment•Network extensively, gathering intelligence •Continue learning•Invest in their people at all levels•Solve problems•Encourage ideas

MULES•Resist change•Endure “cut throat” competition•Occupy price sensitive markets•Service localised markets•Not convinced of value of investing in people•Constantly under threat •Little control over own destiny•Will persevere until they drop dead!

TURKEYS•Going nowhere•Always do what they’ve always done•Channel all energies into survival•At best, life continues at basic level•At worst, they are gobbled up for the benefit of others

It’s all up to YOU!