#189 – VUCA WORLD AND TIMES – GREG HUTCHINS

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Greg Hutchins“From North Korean missiles to the eclipse to fidget spinners, 2017 was a year so surreal, so densely populated with strange and alarming events, that you have to seriously consider the possibility that somebody — and when we say “somebody,” we mean “Russia” — was putting LSD in our water supply.”

The above quote is from Dave Barry in a cover page article in today’s (12/31/17) Washington Post.  Continue reading

#183 – WE ALL NOW LIVE IN VUCA TIME – GREG HUTCHINS

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Greg HutchinsPick up any paper. Listen to any news. What’s the common thread that weaves through all news?

VUCA – Volatility, Uncertain, Complexity, Ambiguity

It’s the scary. It’s the unknown. It’s the unknowable.

Today’s new normal is VUCA. That’s why we say: “We now live in VUCA time”

Today’s Typical NY Times Front Page Headlines (August 30, 2017) Continue reading

#181 – Moose Lodge Syndrome – Greg Hutchins

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Greg HutchinsSome 20 years ago, I was volunteering with a not-for-profit organization to develop new products and services.

Our team had lots of ideas. We were excited to innovate, change, add value, and do better. You could feel the energy. It was electric.

The challenge: The organization was riding high and making lots of money on its core products. They did not want or did not need to look at anything new. Why fix something that was not broken from its point of view. OK. We got it.  Continue reading

#180 – I’VE SEEN THE FUTURE OF WORK AND I DON’T LIKE IT! – GREG HUTCHINS

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Greg HutchinsI live in the northwest of the US.  We are now the small business and start up mecca of the US.  Why?  San Francisco and Silicon Valley are too expensive.  So, folks are moving in droves to Portland and Seattle – 1/3 of the license plates in my hood are out of state.

But, there are challenges.   The cost of housing and living in the NW is now approaching San Francisco standards of 4 years ago.  The challenge is that the surplus of new folks (millennials in their late 20’s and early 30’s) moving into town require livable wage work.  So with the influx of folks into the NW, Seattle and Portland are raising the minimum wage to $15/hour. Continue reading

#169 – BALDRIGE CYBERSECURITY AWARD IS COMING – GREG HUTCHINS

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Greg HutchinsWe are all familiar with the Malcolm Baldrige National Quality Award (MBNQA).  Now simply known as the Baldrige Award – the Performance Excellence Award.

Well, a new award is coming – The Baldrige Cybersecurity award may be out in a year or so.

Why?  Well, information and data is where value is more commonly found.  The information may be organizational, personal, or intellectual property.  This information is hugely valuable and is commonly digitized.  The information has to be protected through cybersecurity. Continue reading

#168 – 800COMPETE.COM – NEW SUPPLY MANAGEMENT BUSINESS MODEL – GREG HUTCHINS

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Greg HutchinsThe Challenge

Think of the following: your CEO gets a tweet from President Trump calling out your company for being Un-American for offshoring jobs? No!

“The biggest idea (globalization/offshoring) of the past three decades is in deep trouble,” says the Economist

President Trump advocates critical infrastructure spending to build/upgrade the electric grid, roads, and airports. The American Society of Civil Engineers (ASCE) rates the infrastructure D+. Domestic investment will be $1 up to $4 trillion. Most of the infrastructure will be sourced domestically. Continue reading

#166 – FUTURE OF CONFORMITY ASSESSMENT – GREG HUTCHINS

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Greg HutchinsWe are seeing more global certification bodies create their own assurance and branded certification schemes.

Like ISO 31000 letter of conformance for airports.

Dubai Airports this week received a letter of conformance for ISO 31000 – 2009 Enterprise Risk Management from Lloyds’ Register Quality Assurance (LRQA). Continue reading

#163 – #2 BEST JOB – RISK MANAGER – GREG HUTCHINS

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Greg Hutchins“One Thing is Certain: 2017 Will Be the Year of Uncertainty for CEO’s’”

Shouted a recent Wall Street Journal article.[1]

Why?

Let’s look at the reasons at why we live in VUCA time (Volatility, Uncertainty, Complexity, and Ambiguity).

  • President Trump is disrupting business rules and business models.
  • Technological change is increasing.
  • Mass immigration is resulting in political divisions.
  • Climate change is real and increasing.
  • Globalization benefits are unclear due to job and work transference.

Continue reading

#162 – TRUMP DISRUPTS BUSINESS MODELS – GREG HUTCHINS

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Greg HutchinsYou’re a company that has been outsourcing for the last 10 years.  This makes good business sense, since you can’t find local or domestic sources that can make products or provide the services you need.  Also, the savings of outsourcing can be substantial so this increases your revenue and is good for your shareholders.

Then, you get tweeted: President Trump calls your company out as being UnAmerican for outsourcing jobs. Continue reading

#160 – OFFSHORING RULES HAVE CHANGED – GREG HUTCHINS

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Greg HutchinsOne article title this week screamed: “Trump Put Companies on Notice: Outsource At Your Own Peril.[1]

President Elect Trump had his first news conference this week and a reporter asked a question of US companies continued sourcing.  His response was:

“when you want to move your plant to Mexico or some other place … you’re going to pay a big border tax.”

Ouch.  We have heard the tax may be 10% to 35%. Continue reading