Mastermind 10x10 members are encouraged to expand their thinking and careers by developing and sharing about the essential factors for embracing digital transformation:
At Mastermind 10x10, we collaborate with leaders to help close the gap between digital strategy and operational execution. Our conversations take place at the intersection of strategy, technology, and human creativity.
Come and build your vision for career growth in the digital age.
Our conversations take place at the intersection of strategy, technology, and human creativity.
So what types of challenges and opportunities are digitally enlightened leaders facing today?
Case Study
Royal Dutch Shell – Fostering an innovation-led culture
Royal Dutch Shell started its digital journey with the objectives of protecting margins, reducing costs, increasing productivity and finding new revenue streams. Now digitalization is a board-level topic rooted in the overall company strategy. Each line of business is tasked with driving value from data at a working level, supported by a central team of technology experts in solving digital challenges. To drive digital innovation and unlock its business value, design thinking workshops are used as the basis to understand the business friction, and agile development methodologies are applied to prototype, build and scale digital solutions.
A corporate culture is fostered in which innovation can emerge from anywhere: from senior or middle management to creative, entry-level employees. That culture relies on communication, workforce-wide alignment on the company vision and effective change management.
Case Study
Siemens – Reshaping the future of manufacturing
The industrial conglomerate Siemens strives to digitalize the complete value chain of discrete manufacturing industries, from product and production design to production and services. As a manufacturing company, it is itself a user of its digitalization and automation products and services.
For example, Siemens digitalized its major electronics plant in Amberg, Germany, which by now has an automation rate of about 75%. The digitalization improved the efficiency of the plant, as the output was increased by a factor of 10 with a consistent number of employees. It also increased production speed and flexibility; currently, about one product is manufactured per second while about 1,200 products are built on the same production line in very small lot sizes. At the same time, only 11.5 defects occur per million products, which is equivalent to a quality rate of 99.99885%.
Source: World Economic Forum/Accenture Analysis based on IDC, Ovum and Capital IQ data & two dozen participating corporations.
What Are We Solving?
We're solving for the fundamental problems with networking by taking a new approach to connecting executives and sharing knowledge:
Problem: Technology is changing the business environment so quickly that professionals need to continually learn to adapt to new ways of thinking and operating so they can continue to thrive in their careers.
Solution: We arrange 30-minute phone conversations between Subject Matter Experts and members who want to expand their knowledge about any business function, ranging from advanced technology, finance, operations, marketing, sales, talent development, career planning, etc. Every member is an SME in their own respective field and every member may also engage others to learn from their expertise.
Problem: Professionals don't have much time to network and when they do invest their time, they want their efforts to be purposeful and beneficial to all parties.
Solution: Offer a hybrid networking model using virtual and in-person meetings. Our one-on-one phone conversations are a convenient, virtual way to share knowledge, so we can adapt to dynamic work environments. We also conduct in-person meetings to discuss high-level topics about business strategy, technology and human creativity.
Why Mastermind 10x10?
Fortune 500 firms are generating substancial growth by adopting advanced technologies like blockchains and biometrics, but most companies struggle to build enterprise applications.
Digital adoption is essential for competing in today’s markets. However, business leaders may not have a clear view for bridging the gaps that inevitably occur when innovation moves faster than a company’s business model and our societal frameworks.
A cautious approach to adopting new technologies won’t inoculate companies from the disruption coming to every industry. Leaders have to disrupt their business model because if they don’t, their competitors will.
This means rethinking everything, including our careers.
So what changes to our careers should we be thinking about?
1. Look beyond the parameters of the role or department you're currently in.
2. Embrace up-skilling and be ready to step into
new roles.
3. Understand how and where you learn new skills best.
4. Become an active listener.
5. Find your purpose as it will extend your career.
