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Hot Spots Newsletter: collaboration, for employees and bottom-line

It's no secret that we are focused on collaboration at the Hot Spots Movement – indeed, we help companies build their collaborative approach - and, we've looked at the theory of collaboration within an enterprise in a previous newsletter. This month, we take a look closer to home…..

Have you signed up to the Hot Spots Movement Facebook page? You can also find us at the Future of Work blog and we're also on Linked In. Lynda also has a Twitter feed and you can follow it here.

Inside looks: collaboration within the Hot Spots Movement itself

You may recall last year we ran a series about inspiring offices in the newsletter. The tables have turned: our friends at the Mint came along to our new offices at Somerset House to see if we practised what we preached. You can see and read the results here – along with some behind-the-teams shots of some of the Hot Spots team at work!

Launching FoW3 - a look at the collaborative forces at work

Talking of behind the scenes: we filmed the recent London launch of the Future of Work phase 3. This video will show you some of the themes we will be discussing over the next six months and an insight into the collaborative thought processes of the member companies as they look at the forces shaping the workplace of 2020.

Also, we talked to some members of the FoW, to understand what benefits they got from being a part of the research consortium. You can listen to their thoughts here.

Introducing Jams to the FoW

One of the most exciting new elements we have added to the Future of Work research consortium is Jams: online platforms that capture people's creativity and innovation by conducting intense conversation and brainstorming over a short period of time. This year, FoW3 is pioneering this advanced collaborative methodology to bring together its powerful network of academics and organisations.

We launch this new element with the theme The Impact of Technology and Productivity on Work. The theme will commence with a Masterclass on November 7, facilitated by FoW. Confirmed speakers for the Masterclass are:

  • CHAIR: Lynda Gratton - CEO, Hot Spots
  • Dr. Nicola Millard - Futurologist, BT
  • Tammy Johns - Senior VP, Manpower
  • Marco Gandini - Managing Director, GEA
  • Ben Emmens - Dir. HR, People In Aid
  • Andy Wood - Head of Communication & Collaboration, KCOM
  • Peter Ford - Senior Director, Cisco
  • Scott Blandford - SMD Client Systems, TIAA-CREF
  • Anantha Sekar - Global Head of Architecture, TCS
  • Anand Gupta - Head of Innovation, UK, TCS

We then move to an online Jam session (November 9 – 11) to discuss the topics emerging from the Masterclass. For a 72-hour period, the FoWville platform will be used to crowdsource ideas through intense conversation and brainstorming. For those of you that aren't members of the FoW, we will be sharing some top-line findings over the next few months.

The Asian Response to the skills gap

One of the paradoxes of contemporary business life is that, just as unemployment soars, the number of unfilled vacancies increases. In the USA, there are over 3 million unfilled jobs, while in Spain, youth unemployment is at 47 per cent. The extent of the gap between what employers need and what the labour market provides in terms of skills and talents seems to be continuously widening. And this situation will not go away and there are three main forces firming the gap.

  • Technological advancement within work has been felt most in semi-skilled work, where business analytics have replaced many clerical activities, while much service work has been outsourced from the high-cost West.
  • The knowledge and skills that high value jobs demand has shifted to engineering, IT and the sciences. To make matters worse, the Asian students who fill the science classrooms of the West are increasingly likely to take the first plane back after graduating, rather than staying and filling those vacancies as they might have in the past.
  • Demography: over the next decade, the largest workforce cohort the world has ever seen - the Baby Boomers - will retire in their millions. Many will take with them the deep tacit knowledge that has come from a lifetime of experience, and which they have often failed to pass on to Gen X who follow them.

Anxieties about the skill gap are no less prevalent in Asia. With 15 per cent compound growth rates and, in many countries, a missing management class, companies across the region are deeply aware that this could prove a significant barrier to growth. However, what is interesting is the speed, depth and complexity of Asia's response. In her blog post, Lynda looks at the key factors allowing Asia to adapt.

Watch the 3rd Global Drucker Forum live online

The Global Drucker Forum, named after the most inspirational management thinker of our time, Peter Drucker, will be held in Vienna on November 3 – 4. It's an conference we have followed with interest (Lynda spoke at one gathering), so we were delighted to know the conference will have live feeds of the key sessions, which will also be retransmitted with an eight-hour delay for those in the Western hemisphere who are interested.

You will be able to view the webcast here; the full programme is listed here. You can also follow the event on Twitter, @GDruckerForum.

Everybody needs three posses

As we mentioned in the last issue of the newsletter, Lynda has been named a MIX Maverick and we thought we'd share one of her videos on MIX TV. Lynda explains why everyone needs three posses: colleagues who speak your jargon, a "big idea" crowd that broadens your view, and a community that gives emotional support. Click here to watch the video.

Who's in our network?

We have mentioned him before, but Gary Hamel continues to produce groundbreaking material. His new book, What Makes Apple Apple, will be out in December. Gary looks at the key elements of success of the most valuable company in the world. In addition, he suggests values that any company should develop if they want to capture some of the Apple magic. These include:

  • Think like an engineer, feel like an artist
  • Innovate incessantly and pervasively
  • Be unreasonable
  • Aim to surprise

You can read an extract from his new book here.

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