First-mover advantage will capitalize on the new world order, because:
- Current common practices will be challenged and new practices will be created based on a worldview increasingly influenced by opposing worldviews
- Complex ethical dilemmas are arising, driven by the conflict of economic growth versus environmental protection and national survival versus global participation
- For various reasons, new ore bodies will become increasingly difficult to acquire and more expensive to operate, so resource security motivations will begin to dominate government and business actions
Businesses will have to adopt and develop new capabilities required:
Strategic Management
The context of strategic management needs to be adjusted from a Western only worldview to a combination of Western, Eastern and African worldviews.
- OECD dominated global economy
- Annual strategic positioning (3-5 year horizon)
- Capabilities - Build critical mass of funds; Comply with government regulations; Position strategic business units for future strategic advantage
- Clear Brand Identity
- Understand well-defined societies
- Content Centric
- All-encompassing worldview: Western, Eastern, African worldviews
- Strategic positioning is event-driven (much broader context)
- Capabilities - Build critical mass of positive opinion; Influence government regulations; Position within peripheral entities for future strategic advantage where the division between competitors, suppliers, and clients become blurred
- Pervasive presence
- Identify emerging societies
- Process and Digital-centric
Financial Management
There needs to be a shareholder only focused to stakeholder focused (shareholder, community, employees, and clients and government) shift.
- Cost management
- Financial reporting dictates management actions
- Procurement is about pricing and most advantageous pay structure
- Volatility resistant cost management
- Value creation and destruction reporting to dictate management actions
- Procurement is about pricing, security of supply and pro-local support
Demand Driven to Environment Conscious Driven
- Customer demand driven products
- Information-based market intelligence
- Orebody driven product
- Scouting-based market intelligence (counterintelligence model)
From Physical Interruption to Pilot to Test vs Digitized Simulation Testing
- In-house capability to ensure competitive edge
- Solutions: Design, pilot, and implement within a well-known context of over-supply and developed world dominance
- Outsource capability with specialized partners across disciplines
- Simulated solutions
From Structure Led to Structural Variability Led
- The end to end value chain forms the basis of organizational design
- Unstable operations and management induced complexity
- Reducing management induced complexity
Human Capital From Individual Dependent to a Combination of People, Processes and Systems
- Sensitive to individual skill loss
- Based on organization structures and functional areas
- Management meetings needed to agree on actions needed based on management reports
- Knowledge network dependent
- Organizational insight from time-based reporting (annually, quarterly, monthly reports to digitized real-time early warning digital support)
- Time-based reporting to real-time early warning digital support
- Organizational dashboard is developed based on the core process and the Organizational Blueprint
- This dashboard picks up all variances which threaten organizational stability and resultant value destruction
- The “variance reporting” instructs work in relevant areas and minimizes meetings
- Digital decision support
- Robust to scarce skills
Technical Competence from Experience Only Based to Experience and AI Based
- Management applies simple unit-based process control and monitoring
- Experience-based cause and effect analysis
- Internal “experts” could hold the knowledge required to sustain operations
- Management applies Whole System Dynamic Integrative Software solutions to create insight into decisions and to support them in managing the information overload caused by:
- The high level of automation
- Remote Operating Centers
- Data management complexity increase as a result of data volume sourced from Internet of Things
- Remote Simulation and advanced analytics-based cause and effect analysis
- Organizational knowledge embedded in Whole System Integrative Software solutions