1% Better, Every Day | Jeffrey Chang | TEDxNYUShanghai

30 May 2024 (6 months ago)

Adaptability and Agility in a Complex Business Environment

Companies need to be agile, self-disruptive, and adaptable to succeed in the increasingly complex and unpredictable business world.
Monolithic IT systems are being replaced by modular, composable architectures for better interconnectivity and faster changes.
The traditional way of sustaining China's high GDP growth may no longer be sustainable, and the Chinese government should consider this as a significant issue.
Adaptability and flexibility are crucial in navigating the complex and uncertain business environment.
Disruption can pave the way for innovation, as seen in Nike's shift from a wholesale model to a direct-to-consumer strategy.
Staying agile and adaptive is key in an unpredictable business landscape, as it allows for quick adjustments and responses to changing circumstances.
Microsoft's transformation from a waterfall development model to an Agile development model every two months significantly improved its response to market changes.
WeChat's success in live streaming and short video content was achieved by leveraging its existing user base and social connections to create a critical mass of content.

Feedback is a valuable gift, both for companies and individuals, as it provides insights that can lead to improvement.
Sephora's store of the future in Ningbo East utilizes digital technology to collect customer preferences and behavior data, enabling more holistic and personalized customer service.
Students should embrace curiosity, continuous learning, and active listening to feedback to stand out and achieve success in their chosen fields.

The increasing trend of single-minded domain experts is being replaced by multidisciplinary talents in the corporate environment.
Cultivating multidisciplinary leadership skills, agility, and adaptability will prepare individuals for the challenges and opportunities of the ever-changing business world.