WEBVTT 1 00:00:00.290 --> 00:00:02.220 line:15% I think what we see clearly, is that 2 00:00:03.700 --> 00:00:08.460 line:15% the boundaries of industries become much more fluid. 3 00:00:08.460 --> 00:00:12.520 You're competing with many more players, 4 00:00:12.520 --> 00:00:15.330 almost all companies will one way or the other 5 00:00:15.330 --> 00:00:17.850 compete with the big tech companies. 6 00:00:17.850 --> 00:00:19.880 Because they are inserting themselves 7 00:00:19.880 --> 00:00:22.850 between you and your customers, 8 00:00:22.850 --> 00:00:25.370 you and your suppliers, 9 00:00:25.370 --> 00:00:29.930 and they also, of course, become a big attraction 10 00:00:29.930 --> 00:00:31.130 for our talent pool. 11 00:00:31.130 --> 00:00:34.810 Ultimately, every company really has to rethink 12 00:00:34.810 --> 00:00:38.330 how to become or how to act like a tech company, 13 00:00:38.330 --> 00:00:41.040 they have to make sure that they are really 14 00:00:41.040 --> 00:00:44.900 using technology to have a direct relationship 15 00:00:44.900 --> 00:00:47.110 with their customers and their suppliers, 16 00:00:47.110 --> 00:00:50.970 that they really create a spirit 17 00:00:50.970 --> 00:00:54.790 of great teaming, of really being at the forefront 18 00:00:54.790 --> 00:00:57.180 of developments in order to attract top talent, 19 00:00:57.180 --> 00:00:59.650 but also being much more experimental 20 00:00:59.650 --> 00:01:01.570 in how you approach issues, 21 00:01:01.570 --> 00:01:03.610 rather than looking for the perfect solution, 22 00:01:03.610 --> 00:01:06.720 working for a month, maybe years, 23 00:01:06.720 --> 00:01:10.000 on something, work on something for a new product, 24 00:01:10.000 --> 00:01:12.130 a new service for some weeks, 25 00:01:12.130 --> 00:01:14.010 try it out, you know, 26 00:01:14.010 --> 00:01:16.400 fine-tune it, and move on. 27 00:01:16.400 --> 00:01:19.780 That means working across different functions. 28 00:01:19.780 --> 00:01:21.660 Bringing the relevant people together 29 00:01:21.660 --> 00:01:24.000 rather than having them work in sequence, 30 00:01:24.000 --> 00:01:27.080 working them together in one room, 31 00:01:27.080 --> 00:01:28.230 getting solutions done. 32 00:01:28.230 --> 00:01:30.160 Decentralize the decision making, 33 00:01:30.160 --> 00:01:32.630 give people a lot more responsibility 34 00:01:32.630 --> 00:01:36.810 and opportunity really to see the results 35 00:01:36.810 --> 00:01:38.310 of their actions very quickly. 36 00:01:38.310 --> 00:01:42.000 The way you lead people really has to change. 37 00:01:42.000 --> 00:01:44.340 You enable and empower people 38 00:01:44.340 --> 00:01:47.740 to really make decisions on customers on suppliers 39 00:01:47.740 --> 00:01:50.690 on interaction within a team, 40 00:01:50.690 --> 00:01:52.609 they know the direction, 41 00:01:52.609 --> 00:01:55.417 but the specifics they can always decide themselves 42 00:01:55.417 --> 00:01:56.900 and the leaders have to really empower 43 00:01:56.900 --> 00:01:58.820 and enable people to make sure 44 00:01:58.820 --> 00:02:01.250 that they have the right capabilities, 45 00:02:01.250 --> 00:02:03.660 the right spirit, but also, I think, 46 00:02:03.660 --> 00:02:06.240 the confidence that whatever they do 47 00:02:06.240 --> 00:02:07.553 will be supported.