New realities, new mindset, New Practice

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Make disruption and uncertainty your advantage

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WELCOME TO A NEW PRACTICE WORLD Why: The exponential fourth industrial revolution is a global revolution in which new technologies and human behavior will lead to radical changes in economies, industries and society.

What: we need to challenge old mindsets to fulfil ultimate customer needs and structure execution, innovation and risk in radically new ways.

How: Build a New Practice Leadership to unleash the innovation power to shape an exponential culture and business.

Exponential culture is the New Practice.

Join the New Practice Leadership on Linkedin, read more on newpractice.com or attend to Rise & Shine; read more on kring.com, info@kring.com or +45 7026 0755.

Multi-mode over Single-Mode

WE’RE ALL AWARE OF THE CHALLENGE… The average lifespan of an S&P 500 company has fallen from 67 years in the 1920s to 15 years today.

It’s been predicted that 40% of the current Fortune 500 companies won’t exist 10 years from now.

What we are facing is a radical paradigm shift that requires immediate action.

But yesterday’s formulas for success are today insufficient, or – perhaps even worse – a path into further disruption.

So how do we move on from here?

NOT EVERYBODY IS GOOGLE We don’t all work for Google, Apple or Tesla, or for upturn-the-universe startups.

Most of us work for mainstream companies that – with the right leadership decisions – can realign and adjust to deal with new realities via evolution instead of revolution.

You can make big changes and spectacular leaps with small steps, if they’re the right ones. Everybody can use the ideas at the heart of New Practice, and the practical, break-the-mould leadership tools that New Practice provides.

Building differentiating capabilities Building dynamic new capabilities requires much more than conventional business thinking and traditional business building.

New Practice New Practice ditches old-school leadership and model mayhem.

New Practice combines familiar business elements in radically different ways, to provide agile, customer-centric tools that help you tackle new and changing commercial realities.

Question How do we turn turbulence, uncertainty and disruption to our advantage? … “burning platform” to “burning ambitions”? … backward-looking “best practice” to forward-thinking New Practice?

Action There are no quick fixes. New Practice is the result of a 7-year process of collaboration, co-creation and entrepreneurial focus, working closely with some of Scandinavia’s leading companies and with movers and shakers worldwide.

New Practice is a mindset: innovation language and practice that helps you turn turbulent disruption and executive despair into practical action and leadership tools that generate efficient business growth.

CLEAN SHEET

Admit that there is a problem

Admit that you do not know how to solve it

Decide that you want to do something about it!

- LEARN - UNLEARN - RELEARN newpractice.com

NEW MINDSET More and more innovative companies throughout the world are building business success with new tools rooted in a distinctively new mindset and code of behaviour.

The characteristic features of this entrepreneurial mindset, which are embedded in New Practice, include: -

Human centric thinking Holistic perspective Experimentation and agile execution Fast learning by fast doing

N=1 Co-creating value with each customer

ONE SIZE FITS ONE In many industries customer loyalty is weak, and churn rates are increasing.

This is because companies haven’t adjusted to new realities where “we are moving to a world in which value is determined by one customer cocreated experience at a time, we call this N=1” (C.K. Prahalad and M.S. Krishnan).

We are moving way beyond the traditional “customer is king” – and towards engaging directly with each individual customer, using real-time data to respond to their changing needs, and to fuel new strategies, initiatives and relationships.

New Practice enables you to make sure your management and frontline actions are based on real-time customer insights. The customer becomes the focus for everything your organisation does.

NEW BUSINESS MODELS Building new business models involves designing a solid basis for effective decisions, and a platform structured to deal with constant change and tackling customer feedback, market requirements and technology changes more effectively.

This will involve business models that are solidly rooted in collaborative models, experimentation and practical validation, resulting in maximum flexibility and strategic stretch.

New Practice thinking and execution are catalysts for a pragmatic approach to embedding business design thinking in every part of your company operations.

Understand the customer’s real perspective - and give every customer a unique experience

Think co-creation and stretch your strategy beyond the boundaries of your current resources

Exploit technological opportunities to improve efficiency and drive innovation CUSTOMER

TECHNOLOGY

NETWORKS

PEOPLE

Build an entrepreneurial culture and governance based on openness, collaboration and empowerment

“VISION WITHOUT EXECUTION IS HALLUCINATION” Thomas Edison

NEW EXECUTION APPROACHES Execution is everything – more than ever. Deliver or die.

New Practice is rooted in our practical experience with how speed and agility throughout the organisation are crucial for competitive success.

New Practice provides dynamic tools for agile execution, linking customers, people, strategy and operations. Execute in 90-day sprints with break points for repeated validation throughout the organisation.

New Practice tools are just as effective in rapid small-scale “speedboats” and big “mother ship” projects, and can be used by everyone in your set-up – regardless of the job to be done.

THE LAW OF ACCELERATING RETURNS Once any domain, discipline, technology or industry becomes information-enabled and powered by information flows, its price/performance begins doubling approximately annually.

TECHNOLOGY IS A DISRUPTIVE DRIVER

TECHNOLOGY CHANGE

The Linear and Incremental World is gone!

Change

Exponential

New Practice Leadership

Social Change Business Change Political Change Time

NEW TECHNOLOGY CAPABILITIES Nowadays technology doesn’t just help people do business. It drives the entire business landscape and changes lives.

That’s why there’s big strategic advantage to be had from agile, human centric digital business architecture that’s integral to your business operations.

Your staff make better-informed, faster decisions when they use intelligently structured real-time data, and benefit from rapid, scalable learning.

New Practice uses tools that do away with traditional “silo thinking”, and turns exponential technological development into competitive advantage and entrepreneurial opportunity.

R=G Resources are global

NEW ORGANISATIONAL STRUCTURES The conditions for successful business mean your organisation has to adapt, scale and respond quickly to changing circumstances. That requires distinctively different kinds of organisation, with a new mindset focusing on the biggest possible impact with the smallest possible footprint. This formula requires flexible organisations that leverage assets worldwide through networking and partnerships, with staff on demand, and with communities and crowdsourcing as an integrated part of how the company works.

For New Practice leaders today, it’s crucial to create responsive organisations with new governance principles. These are based on trust and collaboration using social technologies, where decision-making is well distributed and people are empowered to do what’s best for the customer.

7 NEW PRACTICES Turning the new age of exponential change into an advantage ...

Restructuring innovation, execution and risk for entrepreneurial leadership.

FIND MORE INSPIRATION - Exponential Organisations, Salim Ismail - The New Age of Innovation, C.K.Prahalad & M.S. Krishnan - The Lean Startup, Eric Reice - Business Model Generation & Value Propositions, Alexander Osterwalder - Pretotyping, Alberto Savoia - Innovation and Entrepreneurship, Peter Drucker - Abundance: The Future is Better Than You Think, Peter H. Diamandis and Steven Kotler - Bold: How to Go Big, Create Wealth and Impact the World, Peter H. Diamandis and Steven Kotler

“It’s hard to think your way into a new way of acting – you have to act your way into a new way of thinking” Jerry Stemin

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