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Richard D. Smith, SMITH-TRG – September, 2009 http://www.SMITH-TRG.com
Business Owners, Investors & Stakeholders Presentation, Washington, DC
SMITH-TRG‘Building U. S. Job Growth & Wealth Creation Machines’
-- What We Learned Doing ‘U.S. Road to Recovery’ Project --
“The Ultimate Measure Of A Healthy & Recovering
Economy. . .Jobs Growth!”
“Only yesterday, we Americans could afford to feel smug about our
preeminence”.
“Destiny, it seems, had appointed us, America, the
world’s permanent pioneers, forever striding beyond the
farthest cutting edge.”
That was... Yesterday!
Today,things are
vastly different.
GLOBALIZATION“A new world order is dawning – one
in which the West is no longer dominant, capitalism (at least the American version)
is out of favor, and protectionism is on the rise.”
- Roger Altman Former Deputy Treasury Sec., Clinton Administration
INNOVATION“Innovation has become the new currency of global competition as one country after another races
toward a new high ground where the capacity for innovation is viewed
as a hallmark of national success.” - John Kao book author, INNOVATION NATION, 2007
ECONOMIC ISSUES $12 Trillion U. S. Wealth
Destroyed since 12/07
$13.8 Trillion Outstanding Consumer Debt
9.4% Unemployment
16 Million Unemployed
$9.1 Trillion Federal Deficit
$155k+ in Fed Debt per Household
76 Million ‘Baby Boomers’
69% of Boomers Can’t Financially Retire
150,000 U.S. College Graduates in 09/Few Jobs
BANKRUPTCIES
100,000 U. S. Bankruptcies in last 18 months
1 of 270 Businesses Bankrupt
358 Business Bankruptcies Filed Daily
$87 BILLION
U.S. Imports from China
vs.
$20 Billion in U. S. Exports
Period - January through April, 2009
Data: U.S. Commerce Department
M&A’s“We have been given this
Incredible second chance to rethink everything we do. There will not be a third.”
- Fiat-Chrysler new CEO Sergio Marchionne
DIVIDE IS GETTING GREATER!
TODAY: WE’RE IN DEEP WATER. . . The U.S. business model is being challenged. . .
We need to reinvent the enterprise, build growth machines. . .
How Do We Get to Where We Want to Be,
Competitive Advantage & Growth?
STEP 1 Visualize what could be. . .
A 21st Century Job Growth & Wealth Creation Machine
SMITH-TRG at http://www.SMITH-TRG.com
TAKE A COMPETITIVE WORLD VIEW
EMBRACE INNOVATION*Hewlett-Packard (H-P), Apple, Microsoft and other notables started during a recession. . .
INNOVATION IN ALL
FORMS. . .
BUSINESS MODEL INNOVATION
PRODUCT/SERVICE INNOVATION
PROCESS INNOVATION
TECHNOLOGY INNOVATION
VISION & INNOVATION Business Week’s – The World’s
#1 Apple#2 Google
#3 3M#4 Toyota
#5 Microsoft#6 General Electric
#7 Proctor & Gamble#8 Nokia
#9 Starbucks#10 IBM
#11 Virgin#12 Samsung
#13 Sony#14 Dell
25 Most Innovative Companies
#15 IDEO#16 BMW#17 Intel#18 eBay#19 IKEA
#20 Wal-Mart#21 Amazon#22 Target#23 Honda
#24 Research In Motion#25 Southwest Airlines
NOTE: Approximately 10% to 15% of their global workforces are U.S. based employees
LOOK BEYOND
Adventure Outside
the Comfort Zone. . .
FANATICISM“I think fanaticism is underrated.
I’m a fanatic about the engineering groups. Steve (Jobs) is a fanaticabout the user experience and
the design.” - Bill Gates, Microsoft Advice for entrepreneurs, enterprise game changers
STEP 2 Do an ‘Alice Analysis’. . .
Know Where You’re Going. . .
SMITH-TRG at http://www.SMITH-TRG.com
Alice, “Would you tell me please, which way I ought to go from here?”
“That depends a good deal on where you want to get to”, said the Cheshire Cat.
“I don’t much care where_____”, said Alice
“Then it doesn’t matter which way you go, said the Cat.
“____so long as I get somewhere,” Alice added.
“Oh, you’re sure to do that,” said the Cat, “if only you walk long enough.”
‘ALICE ANALYSIS’‘Excerpt from the American adventure story classic -- Alice in Wonderland’
If You Don’t Know Where You’re Going, Any Road Will Take You There!
Question: As A Company, Can You Afford A Long Journey?
Success Requires: Focus
Understanding YourselfUnderstanding What Or Who Can
Best Help You Achieve Success
ANALYSIS RESULTS?‘Using Alice in Wonderland’
STEP 3Target sectors/segments/business lines for
enterprise reinvention & growth
Identifying & Qualifying Growth Opportunities
SMITH-TRG at http://www.SMITH-TRG.com
OBJECTIVE: ENTERPRISE GROWTH PLATFORMS
TARGETINGTOOLS
eCompetitors, for example, provides (line-of-business level) industry information on the Top 10,000+ industries, covering more than 95% of $57 trillion global economy –
all presented in the Global Industry Dashboard.TM Downloadable to iPhone.
USE ‘INDUSTRY & COMPETITIVE
ANALYSIS’ TOOLS
www.eCompetitors.com
Google Finance Yahoo Finance MSN Money AOL Finance CNN Reuters
www.Hoovers.com
TARGET SECTORS, SEGMENTS & ENTERPRISES
Low
Medium
High
Skill
ed La
bor
Inte
nsiv
e
Valu
e Dr
iven
Tech
nolo
gy
Enab
led
High
Un
empl
oy %
Envi
ronm
ent
Frie
ndly
At R
isk
Segm
ent
Automotive
Transportation
Consumer Goods
Hi-Tech & Info-Tech
Distribution
Health & Life Sciences
EXAMPLE SEGMENT/BUSINESS: U.S.BUILT ‘ECO’ TAXIBringing back Checkered Cab Co. of 60’s/70’s fame
U.S. TAXI… DESIGN CRITERIA
LARGER INTERIOR CABIN & LUGGAGE CAPACITY SPACE THAN U. K. BLACK CAB + 2 FOLD DOWN JUMP SEATS
TECHNOLOGY ENABLED ON-BOARD GPS & GOOGLE MAPS, WIRELESS BROADBAND & INTERNET TV, WIRELESS FARE BILLING
NATURAL GAS POWERED (see PICKENS PLAN) 30 MPG IN STOP & GO TRAFFIC
CANDIDATE EXAMPLE: Vehicle Production Group, LLC(Taxi & Multi-Purpose Fleet Vehicle Product Portfolio)
to 550,000
HI-TECH SEGMENTS: WIRELESS APP FARMSServing Global Wireless Carriers & Handset/Touch-Screen Manufacturers
WIRELESS APPLICATION SOLUTIONSFuture-World DIGITAL-MEDIA for Handset/Multi-Touch Screens/Carriers
Apple iPhone BlackBerry
MARKET DRIVER“The ultimate challenge and greatest value creation opportunity will fall to those who
give the end-user consumer what they want…really, really want. And that is,
an integrated, easy to use, video media experience, anytime, anywhere, and
on any platform.” - Richard D. Smith, SMITH-TRG book author, AD-MIRED, 2006
WHY MOBILE APPLICATIONS?Market Forecast: From $7 Billion 2008 to $25 Billion 2014
Sources: Juniper Research & IDC
– 2008 - 1.19 Billion Mobile Phones Sold World-wide. 155 Million (13%)
were Smartphones
– By 2013 20% or 280 Million (SP’s)
– Apple: 65,000 APP’s vs. RIM’s: 2,000 APP’s
– Others: Sprint’s Palm, Motorola – 2 new devices, then Nokia, Samsung,
and host of new entrants. . .
“What you carry on your belt is now your MP3 player, will be your plasma TV, is your social networking machine, is your Internet terminal, your camera, your personal navigation device.” - Jim Basillie Co-CEO, Research-in-Motion
STEP 4Innovation & value growth
management
It’s All About Execution…Ability to Execute
SMITH-TRG at http://www.SMITH-TRG.com
PRINCIPLESREINVENT EXISTING ENTERPRISE(S)
SCALABLE GROWTH ENABLED BY INNOVATION
FOCUS ON NICHE MARKET LEADERSHIP
CONDUCIVE TO PROFITABLE & SUSTAINABLE JOB CREATION
M&A TO GROW BUSINESS, NOT CUT
DEVELOP PLANS COLLABORATIVELY
ENTERPRISE‘BEST-OF-BREED’ DESIGNED BUSINESS PLATFORM
EMBRACE SHARED RISK INNOVATION, JOBS &WEALTH CREATION
FUTURE ENTERPRISE VALUE DEFINED BY ECONOMIC CONTRIBUTION
EXPLOIT ENABLING TECHNOLOGY
POSITIONINGAFTER YOU’VE CUT COSTS, LAID PEOPLE OFF, AND FOCUSED ON CORECAPABILITIES. . .
What Next? Wait For Market Return to Carry You Forward? Or Build a Growth Business Case. . .
POSITION FOR SCALABLE ‘TOP LINE’ GROWTH ENABLED BY INNOVATION
BUILD A UNITED WORKFORCE
Have you. . .-Vision of what could be?
-Done your ‘Alice Analysis’?-Targeted growth opportunities?
-Developed executable growth managed plan?
In Business, Like the Wilds of Africa, you have to
“Keep an Eye on The Prize!”
Every morning in Africa, a gazelle wakes up. It knows that it must run faster than the fastest lion, or IT WILL BE KILLED.
Every morning in Africa, a lion wakes up. It knows that it must outrun the slowest gazelle, or IT WILL STARVE TO DEATH.
In Business or Africa, it doesn’t matter whether you’re a lion or a gazelle. When the SUN COMES UP, YOU’D BETTER BE RUNNING!
U.S. Road to Recovery
Most important question of all. . .
Can Enterprise Owners & Leadership afford a long journey. . ?
SMITH-TRG at http://www.SMITH-TRG.com
If not. . .Then commit to participate in the
‘U.S. Road to Recovery’ ProjectContact: Richard D. Smith
President & Managing Principal, SMITH-TRGRDSmith@SMITH-TRG.com
M: 301.461.2387
THANK YOU
SMITH-TRGhttp://www.SMITH-TRG.com