Breaking Bad Belief Systems- Innovation Mindset with Patrick Schwerdtfeger

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As Entrepreneurs, we are constantly striving to get in front of the challenges we have. However we often seem to be in a constant state of fighting fires.

So now we are at a precipice where technology tools can alleviate this pain but we must first invest the time in training & understand how to best position ourselves and our teams to innovate successfully.

Let’s start to think about our human resources differently in a mind shift away from our desires to the personal & professional development of our employees. Thinking bigger attracts A-players! This fuels innovation.

Our guest today: Patrick Schwerdtfeger, Business Futurist and Keynote Speaker

Patrick specializes in technology trends including big data, artificial intelligence, Fintech and blockchain. He’s the author of “Pandemic, Inc.: 8 Forces Driving Business Failure or Fortune in the Post-COVID-19 Economy” as well as five other books, and has lectured at numerous academic institutions including Purdue and Stanford Universities.

Patrick is also a regular speaker for Bloomberg TV, founder of Trend Mastery Inc., and host of the Strategic Business Insights video blog (with over 28,000 subscribers and six million views on YouTube). Patrick has spoken about business trends, technology and digital marketing at hundreds of conferences all around the world.

Today we discuss:

  • How to think bigger to attract stronger talent

Challenge today?

  • Companies are not adopting technology fast enough
  • Companies always feel like they’re “behind” with respect to technology
  • How can companies leverage HR to accelerate technology adoption?
  • Jobs of the future: (1) communication skills & (2) creative problem solving
  • Thinking about your human resources differently
  • Stop thinking bottom up
  • NEW: How can companies attract top talent
  • NEW: Millennials are “lazy, apathetic, and entitled” but they CAN be inspired
  • NEW: Inspire your employees, customers, and competitors (good source)

Why is this important to the company?

  • Being innovative fuels growth

Rick’s Nuggets

  • Define your company’s purpose & cause
  • Utilize Talent from competitor - adjacent companies
  • Present Innovative technologies

How do we solve the problem?

  • #1: Identify staff who are excited to learn and use software more extensively
  • #2: Leverage enterprise software and get more training for your staff
  • #3: Understand that technology propagates SMB through enterprise software
  • #4: Break down tasks into (1) manual & (2) cognitive
  • #5: Break each category down into (1) manual & (2) cognitive
  • #6: Soft repetitive tasks by their level of complexity
  • #7: Understand that “Innovation = Budgeting Failure”
  • #8: Protecting high-gross margin products to FUND innovation
  • #9: FAIL as fast and as cheaply as possible (test new ideas cheaply)
  • NEW: think bigger about your business
  • NEW: not 10% bigger, but 10x bigger

Rick’s Nuggets

  • Train your people - Have an active training program that promotes learning, innovation, new technologies - good for retention
  • Elevate top-down thinking

Key Takeaways -Value:

  • #1: EVERYONE thinks they’re behind.
  • #2: think more strategically, and you’ll catch up quickly.

Guest Links:

Patrick's Book: Pandemic, Inc.: 8 Forces Driving Business Failure or Fortune in the Post-COVID-19 Economy (Amazon)

Patrick Schwerdtfeger: Patrick Schwerdtfeger Facebook Twitter

This show is proudly sponsored by Criteria Crop

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