Business Strategy

Questions: the new power tool

Silicon Valley and other centers of innovation are embracing a new approach to innovation in which the focus is on questions, rather than answers. The reason for this is that, if you look at innovations and breakthroughs and trace them back to their origins, you will find, at the root of the each of them, a great question. Warren Berger, “Questionologist”, and author of The Book of Beautiful Questions, says: Questioning enables us to organize our thinking around what…

Uncategorized

We need to keep evolving

In 2017, McKinsey Global Institute reported that 44% of current work activity hours will be automated by 2030, and 33% of the 2030 workforce’s occupations will be different. Even now computers can do just about anything, but there is one area in which they cannot replace humans, and that is the area of soft skills. If we want to stay ahead in our careers and remain competitive, we need to keep evolving in terms of these skills. For this…

Business

Is the coronavirus pandemic a black swan event?

Headlines across the world are referring to the coronavirus pandemic as a ‘black swan’ event: “As Coronavirus Spreads, Stocks Fall Again and the White House Frets About a Black Swan.” The New Yorker February 2020  “Trump faces ‘black swan’ threat to the economy and reelection.” The American magazine, Politico March 2020 “Black swan event weighs on South Africa miners.” Mining Journal June 2020 But does this powerful metaphor, ‘black swan’, aptly describe the coronavirus pandemic? The term “black swan” gained traction a…

Business Strategy

Covid-19 Fuels Open Innovation

The Covid-19 pandemic has not only threatened human life but the health and welfare of both large and small businesses.  SAB, for instance, had to face the problem of government hanging a “business closed” sign on their front door, when the sale of alcohol was banned. For others, the issue was the crushing limitation of resources, operations and staffing. Others were forced to face the hard truth that their company had already been sliding towards irrelevance. In stormy times…

Business

Leaders are forged in a time of crises

The current crises call leaders to act with empathy and to guide its people and businesses through these uncertain times. The importance of establishing a structured, agile approach to prevent organizations from falling behind has been the focus of most business blogs over the past few years.  In the face of the covid-19 it has never been more relevant, as this pandemic rewrites the rules of upheaval in present times. It is in these very times that true leaders…

Business

Leaders: Lead, engage, innovate, fight

The years invested in learning to be great leaders during volatile times, is the well we need to draw from, now more than ever. The coronavirus has shut down swaths of private business and is challenging business models on every level. In the U.S. alone, it put about 3 million people out of work in just a week. Government and leadership everywhere are grappling with problems they are not prepared for. There is no rule book for a global…

Business Investments

Our vision for a new decade

Two years ago, Divercity Urban Property Fund initiated a strategy to create thriving mixed-use inner-city precincts in Johannesburg City. This began with massive investments towards the rejuvenation of six blocks of the seedier side of the city – an area referred to as Jewel City for its history of once having been the heart of the diamond and precious metals trade in Johannesburg. Included in this urban renewal project was the redevelopment of the iconic ABSA Towers Main building…

Business

Will power or habits, which is stronger?

With slogans like “Just Do It” (Nike) and “Declare Your Path” (New Balance), marketers encourage us to apply our sense of urgency, but, while there may be a lot of value in this kind of attitude to life, one can’t help but wonder if there is an alternative to using plain will power in order to gain self-control. Psychology today promotes a belief in self-control, but emotional self-regulation is a complex function, and as we’ve long known in psychotherapy,…

Business Strategy

Predictions for 2020

As the year draws to a close, let us reflect on some of the trends, influences and events that will make themselves felt in 2020 and help to shape the year. If the predictions made in a recent Forrester report prove true, 2020 will be a year of cost control and people-management challenges for CIOs. Next year, enterprises need to recognize technology’s potential to be a strategic force for driving innovation and competitive advantage. We need demand strategies because…

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SA Investment Conference turnaround strategy

This year’s South African investment conference focused on the positive steps government is taking to improve the investment environment. President Cyril Ramaphosa opened with the announcement of his bold vision to raise R1.2 trillion to improve the country’s low economic growth and deal with the 29.1% unemployment rate. This event took place on 6 November 2019, at the Sandton Convention Centre, under the title “Accelerating Economic Growth by Building Partnerships”. It was a privilege and a truly unique experience…