we overestimate changes in the short run and underestimate them in the long run

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«WE OVERESTIMATE CHANGES IN THE SHORT RUN AND UNDERESTIMATE THEM IN THE LONG RUN.» -Amara’s Law, Roy Charles Amara - HELGE TENNØ JOKULL 180360720.NO | JOKULL.IO IMAGE BY JULIAN-G. ALBERT ON FLICKR.COM

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Page 1: We overestimate changes in the short run and underestimate them in the long run

«WE OVERESTIMATE CHANGES IN THE SHORT

RUN AND UNDERESTIMATE THEM IN THE LONG RUN.»

-Amara’s Law, Roy Charles Amara -

HELGETENNØJOKULL

180360720.NO | JOKULL.IO

IMAGE BY JULIAN-G. ALBERT ON FLICKR.COM

Page 2: We overestimate changes in the short run and underestimate them in the long run

JOKULLWhere is your industry on the glacier curve?

PART 1:

.glacier.bedrock

.equilibrium line

zone of accumulation

zone of ablation

Page 3: We overestimate changes in the short run and underestimate them in the long run

.digital?there is no

Page 4: We overestimate changes in the short run and underestimate them in the long run

PROTOTYPE

FLEXIBLE TECHNOLOGY AND SYSTEMSQ.: How do we design immediate, agile, dynamic systems? What does it demand from our technology?

KEYWORDS:- Flexible, agile and dynamic platforms- Rapid iterations and user testingI- ndividual services and experiences- Immediate, real-time and distributed data- Machine learning / AI for individualization- Collect emails from all customers- Capture all structured and unstructured customer data- Multiple solutions running at the same time

FUELLING THE 21st CENTURY ORG.Q.: How cheaply can we get to the first data point?

KEYWORDS:- Fast realtime feedback loops, smaller probes in parallell- Cluster on actual behavior- Direct contact between the decision makers and raw data. Without interpretative layers- Continous learning and adaptability

RESPONSIVE ORGANIZATIONQ.:How do we match the customers distributed networks?

KEYWORDS:- Decentralized teams and decisionmaking- Information is open - not protected- Organize around customer problems- Immediate and continous deployment

APPROACH / MINDSETQ.: What types of problems are we meeting, simple, complicated and complex?

KEYWORDS:- Adopt complex problem approach in addition to already established simple and complicated approach - Capture customer data to understand causality / problem- Strong opinions loosly held

Understand customers problems PROGRESS AND CIRCUMSTANCE 21st CENTURY VALUE

& REVENUE STREAMS

CONSEQUENCE OF 21st CENTURY ON APPROACH/MINDSET, TECHNOLOGY, ORGANIZATION AND BUSINESS:

21st CENTURY

THIS MODEL IS JUST A THOUGHT EXPERIMENT. ANY FEEDBACK WOULD BE MUCH APPRECIATED. [email protected]

EXPLANATION:This model is a suggested sensemaking tool to help organizations develop a shared language and understanding as they are figuring out how to move from the existing model to a new OS / operating system more fit for the 21st century customers and mutating markets.

HOW TO; Problems to solve are driven by customer progress and circumstance - technology, product and process becomes secondary. Standing on top of an orientation trying to fit offering to customers (not the other way around) the company has to understand how mutating markets, agnostic customers and non-proprietary technology changes how to sense and respond. A new organization has to identify how and what value to ad to the organization as making the old world more standardized and efficient escapes new value creation. The model does not have a start or an end.

Shitty products with no margins for nonconsumption

HELGETENNØJOKULL

180360720.NO | JOKULL.IO

Page 5: We overestimate changes in the short run and underestimate them in the long run

WHY?PART 2:

FROM 23 TO 3 (SHORT VERSION)

Page 6: We overestimate changes in the short run and underestimate them in the long run

New technology invites companies to find new processes creating new behaviors for people

Slow moving societal change like the increase in higher education,

standards of living, social complexity and longevity etc.

changes people’s mind in regard to what they find valuable

PERSON GOALPROCESS BEHAVIORTECHNOLOGY

Page 7: We overestimate changes in the short run and underestimate them in the long run

How do they prioritize the components in their value chain differently?

Page 8: We overestimate changes in the short run and underestimate them in the long run

Companies aren’t disrupted, components in their value chain are. 

NEW VALUE CHAIN

TRANSACTION COST = PROCESSING INFORMATION AND COMMUNICATION

TRANSACTION COST = PROCESSING INFORMATION AND COMMUNICATION

COMPONENT REMAINS UNCHANGED

COMPONENT BECOMES INCREASINGLY IMPORTANT TO CUSTOMER- COMPANY

KEEPS AVERAGE ADVANTAGE

NEW COMPONENT EMERGES - COMPANY CHOOSES TO IGNORE EMERGING

CUSTOMER DEMAND

COMPONENT IS REMOVED FROM THE VALUE CHAIN. VALUE CHAIN BREAKS UP.

NEW COMPONENT EMERGES. VALUE CHAIN BECOMES HORIZONTAL.

COMPANY IS UNABLE TO COMPETE WITH ASSYMETRIC COMPETITION

NEW COMPONENT EMERGES - DATA DRIVEN CLOTHING XXX INTRODUCES

NEW DELVIERABLE AS INCUMBENT VALUE CREATION BECOMES INFRASTRUCTURE

MAP STRING OF COMPONENTS

WHICH COMPONENTS ARE INTERNAL AND WHICH ARE EXTERNAL?

IDENTIFY THE COMPETITIVE LANDSCAPE [DISPLAY LOGOS]

WHAT IS CUSTOMER VALUE AND WHAT IS INFRASTRUCTURE?

WHICH COMPONENTS REPRESENT YOUR COMPETITITVE ADVANTAGE?

WHICH COMPONENTS REQUIRE A HIGH DEGREE OF FLEXIBILITY TO MEET THE CHANGING AND DIVERSE NEEDS OF THE MARKET?

WHICH COMPONENTS ARE RIPE FOR DISTRUPTION?

WHICH COMPONENTS ARE KEY WHEN MUTATING TO OTHER INDUSTRIES?

-HOW DO WE ORGANIZE FOR THIS?HOW DO WE FUEL THE ORGANIZATION?

ca.

Mu.

cv.infr.

flex

D.

VALUE CHAIN MAPPING:

Question: Which components are under what types of threats in your value chain?

Page 9: We overestimate changes in the short run and underestimate them in the long run
Page 10: We overestimate changes in the short run and underestimate them in the long run

Time

Creating a market by seeing it from the perspective of the

customer value proposition [CVP]The original technology and processes end up becoming a commodity or infrastructure

Competition is openly let in to offer the same CVP due to difference in

technology and process

Market in terms of Customer Value

THE CUSTOMER OSOperating in the market from the perspective of its Customer Value Proposition

Question: What is our customer data helping us understand?

Page 11: We overestimate changes in the short run and underestimate them in the long run

PROTOTYPE

FLEXIBLE TECHNOLOGY AND SYSTEMSQ.: How do we design immediate, agile, dynamic systems? What does it demand from our technology?

KEYWORDS:- Flexible, agile and dynamic platforms- Rapid iterations and user testingI- ndividual services and experiences- Immediate, real-time and distributed data- Machine learning / AI for individualization- Collect emails from all customers- Capture all structured and unstructured customer data- Multiple solutions running at the same time

FUELLING THE 21st CENTURY ORG.Q.: How cheaply can we get to the first data point?

KEYWORDS:- Fast realtime feedback loops, smaller probes in parallell- Cluster on actual behavior- Direct contact between the decision makers and raw data. Without interpretative layers- Continous learning and adaptability

RESPONSIVE ORGANIZATIONQ.:How do we match the customers distributed networks?

KEYWORDS:- Decentralized teams and decisionmaking- Information is open - not protected- Organize around customer problems- Immediate and continous deployment

APPROACH / MINDSETQ.: What types of problems are we meeting, simple, complicated and complex?

KEYWORDS:- Adopt complex problem approach in addition to already established simple and complicated approach - Capture customer data to understand causality / problem- Strong opinions loosly held

Understand customers problems PROGRESS AND CIRCUMSTANCE 21st CENTURY VALUE

& REVENUE STREAMS

CONSEQUENCE OF 21st CENTURY ON APPROACH/MINDSET, TECHNOLOGY, ORGANIZATION AND BUSINESS:

21st CENTURY

THIS MODEL IS JUST A THOUGHT EXPERIMENT. ANY FEEDBACK WOULD BE MUCH APPRECIATED. [email protected]

EXPLANATION:This model is a suggested sensemaking tool to help organizations develop a shared language and understanding as they are figuring out how to move from the existing model to a new OS / operating system more fit for the 21st century customers and mutating markets.

HOW TO; Problems to solve are driven by customer progress and circumstance - technology, product and process becomes secondary. Standing on top of an orientation trying to fit offering to customers (not the other way around) the company has to understand how mutating markets, agnostic customers and non-proprietary technology changes how to sense and respond. A new organization has to identify how and what value to ad to the organization as making the old world more standardized and efficient escapes new value creation. The model does not have a start or an end.

Shitty products with no margins for nonconsumption

HELGETENNØJOKULL

180360720.NO | JOKULL.IO

Page 12: We overestimate changes in the short run and underestimate them in the long run

The old management model is a control mechanism subdividing talent into compartments where top-management destroys their ability to create value.

Enabling companies are driving information rapidly out to front-line self-organizing teams in order for them to operate autonomously and react

instantly to changes in customer demand patterns. Employees given the opportunity to use their talent unleash massive wealth for the corporation. 

Cases in point: Salesforce, Netflix, Patagonia, Zappos, Tesla, AirBNB, Morning Star, Etsy, Nest, Spotify, Valve, Google, Burtzorg, Haier, Gore Technologies, DSM, GE Health, Whole Foods, Zara, Telus, Uber, Amazon, Facebook, Apple

Page 13: We overestimate changes in the short run and underestimate them in the long run

PROTOTYPE

FLEXIBLE TECHNOLOGY AND SYSTEMSQ.: How do we design immediate, agile, dynamic systems? What does it demand from our technology?

KEYWORDS:- Flexible, agile and dynamic platforms- Rapid iterations and user testingI- ndividual services and experiences- Immediate, real-time and distributed data- Machine learning / AI for individualization- Collect emails from all customers- Capture all structured and unstructured customer data- Multiple solutions running at the same time

FUELLING THE 21st CENTURY ORG.Q.: How cheaply can we get to the first data point?

KEYWORDS:- Fast realtime feedback loops, smaller probes in parallell- Cluster on actual behavior- Direct contact between the decision makers and raw data. Without interpretative layers- Continous learning and adaptability

RESPONSIVE ORGANIZATIONQ.:How do we match the customers distributed networks?

KEYWORDS:- Decentralized teams and decisionmaking- Information is open - not protected- Organize around customer problems- Immediate and continous deployment

APPROACH / MINDSETQ.: What types of problems are we meeting, simple, complicated and complex?

KEYWORDS:- Adopt complex problem approach in addition to already established simple and complicated approach - Capture customer data to understand causality / problem- Strong opinions loosly held

Understand customers problems PROGRESS AND CIRCUMSTANCE 21st CENTURY VALUE

& REVENUE STREAMS

CONSEQUENCE OF 21st CENTURY ON APPROACH/MINDSET, TECHNOLOGY, ORGANIZATION AND BUSINESS:

21st CENTURY

THIS MODEL IS JUST A THOUGHT EXPERIMENT. ANY FEEDBACK WOULD BE MUCH APPRECIATED. [email protected]

EXPLANATION:This model is a suggested sensemaking tool to help organizations develop a shared language and understanding as they are figuring out how to move from the existing model to a new OS / operating system more fit for the 21st century customers and mutating markets.

HOW TO; Problems to solve are driven by customer progress and circumstance - technology, product and process becomes secondary. Standing on top of an orientation trying to fit offering to customers (not the other way around) the company has to understand how mutating markets, agnostic customers and non-proprietary technology changes how to sense and respond. A new organization has to identify how and what value to ad to the organization as making the old world more standardized and efficient escapes new value creation. The model does not have a start or an end.

Shitty products with no margins for nonconsumption

HELGETENNØJOKULL

180360720.NO | JOKULL.IO