Welcome to the Next Industrial Revolution
In 1935, the average lifespan of a Fortune 500 company was 90 years. In 2016, it was just 18. Between 1970 and 2015, the average lifespan of all publicly traded companies nearly halved. The rate of change is accelerating in virtually every industry fueled by a perfect storm of societal forces and disruptive technologies. On the societal side, how do you digest and prepare for dramatically changing demographics, deflation, urbanization and deglobalization, as well as changing consumer and employee behavior? On the technological side how do you process the implications for your business of 3D printing, nanotechnology, automation, new materials, the Internet of Things, big data, artificial intelligence, blockchain, synthetic biology, and digital manufacturing? Digesting strategic, market, and competitive intelligence to forecast the future has always been hard. It is now ever so much harder. This practicum describes the coming industrial revolution and introduces scenario planning as a vital tool for coping with the maelstrom of critical uncertainties business leaders now face.
Wednesday 13th May 2020
1.30pm - 4.30pm
Terry Thiele is an executive advisor in SYNFINY ADVISORS’ strategy practice group. He marshals over forty years of experience helping businesses with strategic planning and issues advocacy, with particular emphasis on environmental matters.
From 2000 to 2018 Terry provided strategic planning support to The Lubrizol Corporation. Before joining Lubrizol he performed government relations and policy functions over a ten-year period for the General Electric Company and AB Electrolux. Prior to that he spent eleven years in government with service in the U.S. Treasury Department, the Central Intelligence Agency, the Defense Intelligence Agency and the Executive Office of the President.
Terry is an adjunct professor at Case Western Reserve University where he has taught a graduate level course in strategic planning. He also has taught disruptive innovation, business research and eco-efficiency at the business schools for Baldwin Wallace University and Cleveland State University.
He received his B.A. magna cum laude from Princeton University and his J.D. from the New York University School of Law. Terry also is a graduate of the National War College.
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