Are you Wisdom Economy ready?

1. John Findlay & Abby Straus Maverick & Boutique/Zing Are you Wisdom Economy ready?

2. This presentation A complex and uncertain future What stage is your organization or school? The pace of innovation has changed. Thinking like a complex adaptive organization Wisdom Economy criteria What next? 1.

3. Leveraging accelerating change, complexity and uncertainty

4. In 1982 John Naisbitidentified these major trends….

5. Last year it was change,now it’s complexity • ARMONK, NY, - 18 May 2010: According to a major new IBM (NYSE: IBM) survey of more than 1,500 Chief Executive Officers from 60 countries and 33 industries worldwide, chief executives believe that -- more than rigor, management discipline, integrity or even vision -- successfully navigating an increasing complex world will require creativity.

6. Faster, more complex and uncertain… • Globalization of relationships. • Growth in interconnectedness.. • Acceleration and democratization of the knowledge creation process. • Divergence and diversity of world views. • Increasing complexity and interdependence of systems.

7. Driven by expanding knowledge creation and use

8. Organizations as complex adaptive systems Emergent, self-organizing, fractal (self-similarity at every scale), low level rules of interaction lead to complex outcomes, auto-catalytic, “order for free”, sensitive to initial conditions e.g. “butterfly effect”

9. Accelerating change and complexity – the back story

10. During the 20th Century the US workforce expanded US Department of Labor, 2001 This story is repeated across most OECD countries.

11. But now routine jobs are declining andexpert jobs are increasing.

12. There have been some radical shifts in 20th century workforce composition US Department of Labor, 2001, and other sources This story is repeated across most OECD countries.

13. Some Emerging Wisdom Age Jobs • Certified ethical hacker • Ecological footprint auditor • Conversation architect • Recycling consultant • Brain fitness coach • No-waste consultant • Complex projects leader • Organic food auditor • Chief cultural officer • Global governance director • Rituals designer • Mature age wellness manager • Human-human interaction consultant • Organic farmer • Polarity management mentor

14. Of the six waves of transformational change, three have been in our lifetime

16. The drivers: language, tools and brains co-invent and transform each other

17. The pattern to the change

18. This pattern to human social and technological development closely approximates the Feigenbaum delta, 4.669*, the ratio of the emergence of successive periods (period doubling cascades) of complex systems such as ecologies and markets.

19. Crisis prior to emergence Saynisch, M (2010). Beyond frontiers of traditional project management, 41(2). (21-37).

20. Complexity Self-organizing system with many degrees of freedom. Shift to more complex order at bifurcation points. such as team formation, the brain, breakthrough innovation. Chaos Small error occurs in a highly constrained system that spins out of control, such as the BP oil spill, sprouts deaths in Europe, A380 engine. Fractals Self-similar at every scale. Leadership distributed through an organization system. All adhere to the same rules/principles. 1.

21. At what stage is your business or community?

26. At what stage is your school, college or university?

31. The pace and kind of innovation has changed

32. In slower times incremental innovation was good enough

33. In times of rapid change, breakthrough innovation is essential

34. With the horse went the buggy, the buggy whip, the smithy. The saddlery and the harness maker. With the car came the oil and gasoline industry, motels, paved roads, traffic courts, suburbs, shopping malls and fast food restaurants…” Stuart Kauffman, complexity theorist Words, tools and job extinctions

35. Key Wisdom Economy technologies • Co-creation and sense making tools • Crowd and cloud computing • Nanotechnology • No-waste systems • Multiplayer games and simulations • Networks that learn from each other • Renewable energy • Biomimicry • Neural interconnections • Self-repairing systems • Genetic modification • Automation of knowledge and wisdom work. • Local product “printing” • Needs anticipation

36. “Wise application of knowledge” inside

37. New “wise application of knowledge” products, servicesand jobs Brainstorm one or more concepts for new products or services which have “wise application of knowledge” inside. Describe how the product/service/job automatically causes people to “behave” or operate wisely.

38. The new way to “dynamically steer” organizations

39. New order emerges in complex adaptive systems when the system becomes richly connected – think brains, communities, markets and ecologies – but not too highly connected….

40. The complex adaptive organization is like an ecology of interdependent species A multi-flex organization of interdependent types include the cost efficient machine bureaucracy, the powering ahead entrepreneurial, the creative innovative as well as the professional, diversified and missionary.

41. Red spot on Jupiter Complex adaptive systems are sustained by energy flowing through them The economy An ecosystem

44. Different initial conditions (start points) can have radically different outcomes Simple local rule or boundary condition: Starting with different initial conditions, at the next step, delete all numbers to the left of the decimal point and multiply by 10,

45. Attractors can be a powerful driver or limit the development of a system

46. Wisdom economy operating principles

47. New kinds of rules of interaction