Professor Klaus Schwab - Founder of World Economic Forum
Professor Klaus Schwab coined the phrase "Fourth Industrial Revolution" in his book by the same name. Such is the weight of his credentials and influence, when he speaks the good and the great listen. His book articulates what many of us recognise, that we are living at a unique time in human history and we are on the cusp of changes, largely but not exclusively, driven by exponential advances in technology, that is likely to change pretty much everything. Pioneering Leadership is the driving force behind these changes and advances. I talked about these exponential changes in my book "Feel Good Change the World". The bottom line is that Pioneering Leadership has never been more important to the world, it is now centre stage promising more dramatic things that most of us can imagine. In Professor Schwab's own words:
“We stand on the brink of a technological revolution that will fundamentally alter the way we live, work, and relate to one another. In its scale, scope, and complexity, the transformation will be unlike anything humankind has experienced before. We do not yet know just how it will unfold, but one thing is clear: the response to it must be integrated and comprehensive, involving all stakeholders of the global polity, from the public and private sectors to academia and civil society.
The First Industrial Revolution used water and steam power to mechanize production. The Second used electric power to create mass production. The Third used electronics and information technology to automate production. Now a Fourth Industrial Revolution is building on the Third, the digital revolution that has been occurring since the middle of the last century. It is characterized by a fusion of technologies that is blurring the lines between the physical, digital, and biological spheres.
There are three reasons why today’s transformations represent not merely a prolongation of the Third Industrial Revolution but rather the arrival of a Fourth and distinct one: velocity, scope, and systems impact. The speed of current breakthroughs has no historical precedent. When compared with previous industrial revolutions, the Fourth is evolving at an exponential rather than a linear pace. Moreover, it is disrupting almost every industry in every country. And the breadth and depth of these changes herald the transformation of entire systems of production, management, and governance.”
What is interesting is that he also says:
“My concern, however, is that decision-makers are too often caught in traditional, linear (and non-disruptive) thinking or too absorbed by immediate concerns to think strategically about the forces of disruption and innovation shaping our future”.
The Pioneering Leadership in Uncharted Framework™ offers just the non-linear and disruptive thinking and new skills needed at this time.