Insights

3/15/2020 What does the world think about Corona virus?

Think Tank

  1. Asians are most optimistic about their world getting back to business in the next 3-4 months while Europeans and Americans expect things to get back to normal in 12-18 months.

  2. Financial and delivery solutions are needed globally to help hourly wage earners and small businesses or they will go bankrupt.

  3. Social distancing is accelerating online adoption globally and driving new norms for socializing, praying, studying and working.

  4. Governments, companies, and universities need to find new ways to get back to business e.g. Work Six Feet Apart.

  5. Stakeholders are being confused by "Fake News" and the proliferation of fake solutions

  6. National strategies around social distancing vary across the world with no one-fit-all strategy

3/22/2020 How do we get back-to-business safely?

Think Tank

This Corona crisis may last as long as one year and even longer. Flattening the curve pushes out the timeline of the disease to 40 weeks or greater (10 MM Americans seriously sick needing hospital beds but only 1 MM available with average bed-time of 4 weeks for recovery). Our economy cannot survive a shut down of 10 months or more.

What are our Solutions (inquiry and not advocacy?

  1. We need to social-distance those who are at-risk or fearing getting sick and keep them safe.

  2. The rest (individuals who believe or whom we believe are not at risk) ) will need to figure out a way to go back to work safely

  3. To work safely, we will need to work "Six Feet Apart" meaning

    • All transactions have clear (virtual or real) isolation between humans

    • Shared surfaces are "automatically" cleaned,

  4. For those individuals who get sick with the virus should have the best doctors and facilities to nurse them back to health

What other suggestions do you have?

3/29/2020 What should organizations do to get back to business six-feet-apart safely?

HITENDRA PATEL

USA


Social-distancing has made people inaccessible to each other as individuals are increasingly fearful for their health and safety during the COVID-19 pandemic. This fear has lead to a series of walls being built between suppliers, employees, and customers. The end result is that business operations have almost or completely stopped for many companies and the entire global economy has slowed to a fraction of what it was just a few months ago. This cannot continue.

We need to find new ways to rebuild trust and access in our communities and with each other. We can do this by innovating our existing business processes around the concept of “Six-Feet-Apart". What does getting back to business "Six-Feet-Apart" mean?

Getting back-to-business "Six-Feet-Apart" means all stakeholders being able to safely interact with each other and perform their business tasks. It can be as simple and literal as working at a safe distance of six feet (two meters) from each other or metaphorical in terms of new process and delivery models. While this will not be a solution for every industry (dentists, opticians, constructions workers, and even some R&D teams must be in close proximity to do their job).

  • We have to find new ways to work with customers "Six-Feet-Apart".

  • We have to find new ways to work with employees "Six-Feet-Apart".

  • We have to find new ways to work with suppliers "Six-Feet-Apart".

If we can do this, and if we can do it quickly, then many of our businesses can get started again. If we can do this around the world within even a single sector, then we can get that sector to surge forward. If we can get multiple sectors to focus on "Six Feet Apart" strategies and innovations, then we can get our economy up and running through this crisis and beyond.

We have already seen more sophisticated "Six-Feet-Apart" solutions whether they are "touchless" payment systems at supermarkets,"DIY" cooking with ingredients offered by restaurants, "virtual" professors and classrooms at universities, "drop-off/pickup" delivery systems by pharmacies, "protective barriers" like masks and sprays at hospitals, and even "robots" doing the dirty and dangerous work needed right now. Each company must identify a list of “close” processes and replace them with new "Six-Feet-Apart" solutions. If done systematically and with care, then that company can get back to business again.

To jump-start our economy, we need to collect these "Six-Feet-Apart" solutions and make them available to all companies. We need to systematically get companies to quickly implement these new solutions and do it at scale. The Global Innovation Management Institute is building a database of all "Six-Feet-Apart" solutions whether touchless, DIY, virtual, drop off/pick up, protective barriers, robots and anything and everything else that gets us moving again. These solutions will be safely rolled out at scale through GIM Institute's Digital Accelerator and globally through GIMI partners and members. As part of the role out, GIMI will be using a franchise model to quickly respond and adapt to local needs.

The accelerator will begin accepting multiple cohorts of 30 companies committed to building new business processes to get back to business safely. Global Innovation Management Institute is doing its part to get the economy moving, we need you to do the same.

GIMI COVID19 Think Tank Weekly Meeting: https://transcripts.gotomeeting.com/#/s/729a7009f28e5dfe5bad2be03fd4e3890c2397ba974dd19cf31bf0a60a24efdb

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3/27/2020 Innovating with a Growth Mindset in Challenging Times

Simon Siah

Singapore

Innovating with a Growth Mindset in Challenging Times

Country Managing Director at IXL Center - Center for Innovation, Excellence and Leadership

“The passion for stretching yourself and sticking to it, even (or especially) when it’s not going well, is the hallmark of the Growth Mindset. This is the mindset that allows people to thrive during some of the most challenging times in their lives” - Dr. Carol Dweck, Mindset: The New Psychology of Success.

The current Covid pandemic may just be the most challenging time in their lives for many businesses. For survival, businesses must now quickly adapt their processes, priorities, habits and business model to respond to the current dire situation. Businesses need to adopt a Growth Mindset to build resilience and drive innovation to ask: “When, What and How can their business innovate to emerge better in this current situation to create and extract new value”?

Innovation has been regarded as an imperative part of business strategy for disruption, seeking blue ocean and moonshots for profitability. However, in times of crisis like this, the innovation potential of businesses is put to the true test. The current pandemic is starting to change our lives in many ways, including the way businesses operate. To start innovating, business owners will have to move out of their fixed mindset of doing things the traditional way and challenge the status quo. It’s time for business-unusual.

Start from within. It’s almost a cliché to say that employees are your most valuable assets. This might be the best time to activate your team to come together to brainstorm, ideate and come up with solutions to ride through this storm. But before you can start to innovate, you need to create a culture that encourages creativity across the organization.

  • Start with the leader. Before the Organization can start to innovate, the leader will need to first adopt a positive growth mindset to motivate and lead by example. Start by putting down your veil as the “boss” and discuss your strengths and weaknesses openly. This will allow the employees to feel comfortable to do likewise. With an open environment, you are encouraging your employees to speak up and share their ideas. Enlist the help from all members of your organization to solve the problem, see them as part of the solution and not the problem. It is not a battle you can fight alone, regardless of how competent you think you are.

  • Employees are part of the new future. Open communications with employees reduce anxiety in a time of crisis, rather than paint a false picture of the business’s health. Do not sugar coat the problem, relate the future of the company to their personal growth to instill ownership and urgency. Be clear about how their current and changing scope of work contributes to the overall strategies. Let them understand that the survival of the business depends on them, and while you fight for the survival of the company, you have their interest at heart. You are all in it together and you are ready to bring them along with the change.

  • Provide a safe environment for employees to share their ideas. Do not put them down for ideas that you think may not work. Instead, constantly encourage them to seek new ways to do their work and offer ideas on how they think the business can innovate to capture new opportunities. Allow “Silly ideas” and consider the merits and take learnings out of it.

  • Encourage diversity by being inclusive and invite everyone in the company to participate in giving ideas. Break down silos and encourage teamwork, while looking out for valuable insights that may have been blindsided in the past.

Choose collaboration over competition. Instead of seeing what others are doing as threatening to your business, seek out ways to collaborate and partner to create new value together.

  • Make the first move. Make contact proactively to introduce yourself and make your intentions clear about seeking partnerships and alliances to explore new opportunities together. After all, everyone is on the same boat now. Leverage your social capital to make connections. With the current situation, a regular coffee catch up may be tough but there are always options to send a text, an email, and video calls.

  • Share your ideas openly. Be open to sharing your ideas and strategies, and encourage others to do likewise. At the same time, lookout for opportunities to offer your business’s services, products, resources, expertise and knowledge to form partnerships and support their plans. Remember to always look for win-win scenarios.

Seek out partners in unusual places. Look beyond your direct competitors but study what your indirect competitors or adjacency businesses are doing. Look at your value chain, what are your suppliers doing? Look at other adjacency businesses to learn and borrow best practices. Look at your customers, how have they changed their behavior? Collaborate with everyone by observing and having conversations to understand the changing needs. We are only at the beginning, many parts of our lives will be changed. How can your business make it better?

Return to the fundamentals. Businesses exist for the reason to create value through its products and services to meet needs which the customer is willing to pay a price for, which contributes to profitability for the business. With the current pandemic, customers are changing the way they buy, learn, play, and work online and this may forever be changed even after the situation is over. Look for opportunities to serve the customer in new ways, look for new methods to deliver your products and services, and new business models to extract values. The storm will probably not be over soon. But every adversity carries with it the seed of new opportunities. Adapt, Evolve and Thrive!

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How do you build high performance teams working from home?

GRAYSON BASS

CANADA

One of the fundamental tenants of unlocking innovation is looking at something with “new eyes”. Sometimes this requires us to accept or realize that how things appear or the way something has “always been done” may not be valid or make much sense when looking it from a different perspective.

The bad news is this: adapting is never easy. The sooner you can accept that “the way things were” is gone, the faster and easier it will be to change, lead, and innovate. In fact, “the way things were” was probably not what you remembered nor imagined.

The good news is this: there are examples from around the world (and history !) of people overcoming challenges when they couldn’t be in the same room. With 21st century technology and knowledge, we have never been more prepared to work collaboratively AND effectively than at this very moment.

Download the "How to Build High Performance Teams: Working Six-Feet Apart" >>>>>>>

GIMI COVID19 Think Tank Weekly Meeting: https://transcripts.gotomeeting.com/#/s/729a7009f28e5dfe5bad2be03fd4e3890c2397ba974dd19cf31bf0a60a24efdb

How To Guide: Teams (PART I).pdf

How do we help individuals overcome fear and distrust of interacting with people?

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How do managers communicate across and up-and-down the organization especially with rapidly changing company priorities?

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How do we provide trust and transparency at interfaces within and outside (suppliers and customer) the organization?

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How do unlock the local and global supply chains to facilitate trade between states and countries?

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