Chief Strategy Officer, Managing Partner at Carmichael Lynch
Q: Who does everyone listen to but never believe?
A: The weatherman.
Funny, but true.
We rely on weather forecasts. We make big and small decisions based on those forecasts. We look at the current day and long-range forecasts. Most websites offer weather forecasts in as short as 15-minute increments and as far as a month out. There are countless charts, numbers, predictive models, historical trends and eyewitness reports. Yet still, we think about weather forecasts as an inexact science, at best.
1. A major focus of your work in recent years has been on the development of self-driving cars. Why is this technology going to be so disruptive?
Cars are a huge part of our society -- a $7 trillion industry that is so much a part of our lives that we've blind to it. The numbers are staggering -- a million killed ever year, an hour a day of our time, and 1/4 of our energy use and greenhouse gas emissions are all due to driving. Cars that can deliver themselves to you change almost everything about how we use and buy cars.
Most companiesbelieve innovation is the key to generating new revenue and creating long term sustainable growth. Business leaders also agree company culture is a critical factor to successfully creating innovative products and services. However, even though the vast majority of CEO’s say innovation is a top business priority, only a small fraction are successful. Dig a little deeper and only about 22% of CEOs say they actually have metrics tied to innovation according to a McKinsey study.