November 4th: Tony Fish, on “What Happens When Your Foundations Change?”

407
Comments Off on November 4th: Tony Fish, on “What Happens When Your Foundations Change?”

Our Guest on Episode 16 of Business Breakfast TV is Tony Fish, Founder at Digital 20 on “What Happens When Your Foundations Change?”

Tony Fish, Founder at Digital 20

Tony Fish is a maverick, pioneer, and investor. Tony force’s us to think that we are left with no choice but to act when the very fabric of life changes.  COVID19, as the joke goes, has driven digital transformation with an urgency that competitive forces and economic could not. 

But as we rush into this new and exciting future, we are creating risks that our existing risk frameworks are blind to.  We are blind as our old risk model was built on a different economic model, a different market, and different fabric. 

As the shareholder-centric model (agency theory) of company oversight is giving way to society, health, and resilience there is more change. Society needs food and companies exist to provide it, not maximise profits.  Automation has a wider and deeper impact than cost-saving; it changes culture, authority, decision making, and inertia.

Tony asks Directors and boards to step back from the short term questions we are facing, and without getting lost in the theoretical vision, mission and purpose and focus on the risks that data, ethics, automation, skills gaps, and innovation will mean to how we make decisions and consider judgments in a complex adaptive system – where the fabric has changed.  

Directors have a mandatory duty to be informed and to navigate the consequences of their decisions if we stay with our existing risk models we will leave ourselves, our companies, our staff, and our customers exposed.

Directors have a mandatory duty to be informed and to navigate the consequences of their decisions if we stay with our existing risk models we will leave ourselves, our companies, our staff, and our customers exposed.

To discuss the event afterwards join our Like Minds community on Guild.

About the author

Like Minds is a global thought leadership platform delivering world class events on business development, knowledge and insight aimed at entrepreneurs and business leaders to engage, stimulate and empower them to become global businesses of the future. We also offer a bespoke service for corporate clients and training programmes under the Like Minds U brand. For more information please email bespoke@wearelikeminds.com