Kim Peterson, CEO CommonSenseHealth.org
Uber, the world’s largest taxi company, owns no vehicles. Facebook, the world’s most popular media owner, creates no content. Alibaba, the most valuable retailer, has no inventory. Airbnb, the world’s largest accommodation provider, owns no real estate.
Are you in an industry where you are feeling a little overwhelmed by all the changes going on?
Is your world being rocked … and not in a good way?
Here is some sobering information, that you likely already know, but just in case you’ve been hiding from the truth...let’s rip off the band-aid together.
Hospitality Net states …
“HVS estimated that hotels lose approximately $450 million in direct revenues per year to AirBnb. Between September 2014 and August 2015, 480,000 hotel room nights were reserved while over 2.8 million room nights were booked on Airbnb. By 2018, HVS estimates that Airbnb room nights will reach 5 million per year. Clearly, the vacation rental site has diminished the demand for traditional hotel rooms. Additionally, many hotel employees are losing their jobs because of these decreasing demands. Airbnbs are less labor intensive than hotels because they do not require the same level of service. Over 2,800 jobs are directly lost to Airbnb, a loss of over $200 million in income for hotel employees.”
Financial Services Industry
Business Insider is saying …
“Technology is upending workflow and processes in the financial services industry. Tasks once handled with paper money, bulky computers, and human interaction are now being completed entirely on digital interfaces. Given how pervasive financial services are across the globe, the disruption opportunity for fintech startups is massive.
Almost every type of financial activity — from banking to payments to wealth management and more — is being re-imagined by startups, some of which have garnered blockbuster investments. Meanwhile, the old guard is trying to solve a puzzle presented by the fintech revolution: How can they benefit from the rise of digital, and how can they avoid obsolescence?”
An Article in American Banker sites …
“Today, many banks are faced with the conundrum of whether to: change their outdated and antiquated legacy business — and do it fast; build and launch a digital bank ultimately aimed at cannibalizing the traditional business; or acquire an established neobank and bolt on a few fintech startups.
In 2017, we will see a trend of all three strategies increasingly take up boardroom conversations. They will also inspire meaningful change within the bank's organizational structure with the continued rise in executive power of the chief digital officer, chief marketing officer and chief data officer. What is becoming abundantly clear is that for banks to succeed in an increasingly digital world, the leadership team needs to be technologists at heart.”
So what are you doing to morph, change and stay relevant?
Are you leveraging one of your greatest assets? Your team?
Your team is comprised of individuals with ideas, experiences, and networks of their own which can be leveraged to help grow your corporate identity at a personal level.
A giant “We Say So” corporate presence does not carry the weight, command or respect that it once did.
Have you noticed?
It can actually be a detriment in many situations (establishing trust, likability, and really caring about their client base is harder to establish).
However, by engaging your team you will have powered up a dynamic force which can help you move forward while establishing trust and showing that you are committed to growing and adapting … and (dare I say) excelling into the new way of communicating, client acquisition and service providing.
Here are a collection of posts that provide how-tos, tips, tools and instruction from a corporate, employee as well as a business owner standpoint that you may find helpful.
By leveraging and empowering your team, you can shift the focus from being on the defensive to mining the acres of diamonds you have in your own backyard.
Kim Peterson is a passionate Health & Wellness Advocate and the Founder and CEO of CommonSenseHealth.org. Since 2009, CSH has been helping to establish an online presence while generating leads and sales for clients worldwide.
Prior to CSH, Kim was the Founder of Light Force Therapy, a company that rapidly became a multi-million-dollar leader in the light therapy industry.
Kim has built a network of 120,000 + highly engaged subscribers, fans, for herself and hundreds of thousands more for clients; and speaks on how to build relationships online in such a way that will dramatically improve your (and your team’s) overall results while opening doors to opportunities you never knew existed!
To inquire about booking Kim to speak or lead a training, please click here and offer a few details in the message area. Kim will get back with you personally to discuss.
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