Posted On: October 24, 2019
Teach Your Workforce to Tackle Disruptive Innovation
We don't know why disruptive innovation occurs, so we can't predict it. We only know it when we see it, according to Innovation Management. Artificial intelligence (AI), robotics and cognitive computing have already shifted how we work and will continue to do so. So how do we prepare for the next major disruption? According to Deloitte, 47% of jobs today will disappear in the next 10 years because of disruption. The best way to brace your workforce for the impact of coming market shifts is to help them build greater agility into their skill set. Employee reskilling and upskilling is pivotal to preparing your team for the future of work. Let's look at how learning and development can help you keep pace with any industry disruption.
Understand and plan for disruptive innovationWe hear a lot about the future of work, the Fourth Industrial Revolution and disruptive innovation. But it's difficult to fully grasp the implications of these forces that, by their nature, we can't foresee. What we do know is that all three deal with how technology, customer expectations and market shifts impact how, where and when we work. Think of what Amazon did to the brick-and-mortar store, or what Netflix did to Blockbuster. Each of these examples represents emerging technologies and business models that have now become more mainstream than their predecessors—hence, disruptive innovation. When planning for the work of tomorrow, ask the following questions:
- What skills should your employees embrace to be ready for the next shift in jobs?
- How can you teach your employees to think differently, creating a human capital shake-up in your industry?
- What educational methods are needed to help employees embrace an adaptive, growth mindset as we propel forward?