ron lynch: building for growth - nottingham growth workshop
TRANSCRIPT
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!