IMechE Leading the business - the challenges the world will face over the next 25 years and what engineers can do about them

Improving the world through engineering www.imeche.orgImproving the world through engineering 3

Today’s moderator

Eddie Winton


Today’s guest speaker

Steve Pepperell


Introduction

•How ‘Commercial Behaviour’ can help engineers lead the business strategy to Commercial Success

January 2015

•How understanding your businesses commercial imperatives will help you become a better engineer

February 2015

•The challenges the world will face over the next 25 years and what engineers can do about them

March 2015


Today’s Agenda

• Review of Leading the Business Part 1 & 2

• Engineering – the enabler of change

• World challenges over the next 25 years

• Implications for engineering

• Engineering leading the way to solutions

• The value proposition – relevance to future challenges

• Getting ready to lead

• Summary


Commercial Awareness

Inner Confidence

Marketing Yourself

Image

Leadership Behaviour

The models we explored in the first ‘Leading the Business’ webinar


Supplier Base

Consumer and/or

Customer

Competition

Behaviours & Attitude

Viability

Strategy


The techniques & strategies we explored in the second webinar


Supplier Base

Consumer and/or

Customer

Competition

Behaviours & Attitude

Viability

Strategy


Engineering leads change

Since the days of the Industrial Revolution, Mechanical Engineering has been at the centre of change.

Over the next 25 years Mechanical Engineering will again take that lead role. The question is how and on what?


World population is predicted to rise from 7 billion today to 9 billion by 2050

And that growth will happen in less developed countries


Anticipated World ChallengesDriven by population growth

3 Principal emerging population groups

Fully Developed e.g. Europe & US

Late Stage e.g. China, India

Newly Developed e.g. Africa and parts of Asia



Food & Drink EntertainmentHealth

• Feed more people• Access to clean water

• Living longer• Greater expectations

More leisure time



Manufacturing


• Consumerism• Employment


People more transient

More leisure time

Food & Drink

Travel

EntertainmentHealth



Food & Drink

EnergyEnvironment

TravelManufacturing

EntertainmentHealth

Housing


• Consumerism• Employment

• Sewage• Protection


People more transient

More homes less space

• Renewable• Greater demand

More leisure time


What are the big world challenges for mechanical engineers to solve over the next 25 years?

Your suggestions


So don’t focus on what could be invented but on what needs to be invented

10 Challenges for engineering

1. Access to clean water for everyone2. More food from less space3. Improve rail travel4. Develop alternative travel options5. Restore & improve urban infrastructure6. More homes from less space7. Make solar energy economical8. Provide energy from fusion9. Improve world sanitation10. Engineer better medicines

Please choose the 3 that you consider to be the most important using the poll on the right


Great leaders are rarely realistic


5 more ‘off the wall’ challenges

1. Reverse engineer the brain

2. Prevent nuclear terror

3. Develop virtual reality

4. Extract energy from the earth’s core

5. Transportation (beam me up scotty)


Further considerations

Developing SustainabilityRapidly developing economies will add to global environmental pressures




Engineering Large & Small Scale SystemsEngineers will need to work at the extremes of very large and very small systems. This will require multi-disciplinary and multi scale engineering.





Knowledge Will Become The Competitive EdgeThe ability of individuals and organisations to learn, innovate, adopt and adapt faster will drive advanced economies.






Collaborative AdvantageThere will be a few large and dominant players in all industries. These organisations will become more successful by working collaboratively.






Collaborative AdvantageTheir will be a few large and dominant players in all industries. These organisations will become more successful by working collaboratively.

Regulating InnovationInnovation within the framework of a global economy will become more complex, and the protection of Intellectual Property Rights & Patents across geographies will need to be addressed.






Collaborative AdvantageTheir will be a few large and dominant players in all industries. These organisations will become more successful by working collaboratively.

Regulating InnovationInnovation within the framework of a global economy will become more complex, and the protection of Intellectual Property Rights & Patents across geographies will need to be addressed.

Employment For EngineersDemand for new technologies will increase demand for Engineers by employers. Due to advances in computer aided design engineers will increasingly work from home.


As society advances ‘the value’ proposition will be even more relevant

Maslow’s hierarchy of needs


The ‘value’ proposition

Remember: Value has a value only if it is valued! Bryan Dyson

Former CEO of Coca Cola

As society advances ‘the value’ proposition will be even more relevant

ProductLeadership

OperationalExcellence

CustomerIntimacy


Why should anybody be led by you?

We started this series of webinars by exploring ways in which Engineers can take a greater role in Leading Business

So ask yourself these questions:• Would you follow you!• Can you influence people!• Why should anyone be led by you?


Summary


Any questions?

http://www.imeche.org/learning-and-development/courses/meet-our-trainers

Leadership & Management

IMechE Leading the business - the challenges the world will face over the next 25 years and what engineers can do about them