Stay Relevant, Reinvent Yourself, and Thrive
Almost every conference I have attended in the last ten years has highlighted the rapid changes that we are experiencing in every aspect of society. Companies need to evaluate digital futures, new technologies, and global strategies. Individuals need to develop plans to keep developing their skills.
How do we best deal with this constant pace of change?
Brad Staats is an associate professor of operations at the University of North Carolina’s Kenan-Flagler Business School. His new book, Never Stop Learning: Stay Relevant, Reinvent Yourself, and Thrive, provides the framework to help all of us become dynamic learners. He says that, “If we fail to learn, we risk becoming irrelevant.”
He also says that we aren’t so great at learning.
I recently spoke with him about his extensive research into learning.
“One of the most powerful ways we can learn from others is to ask, ‘What do you think?’ and be open to the answer.” -Bradley Staats
Learning is a Key Differentiator
Why is learning more important today than in past generations?
Learning has always been a key competitive differentiator. What has changed is that things are moving faster and increasingly we are in a winner take all (or at least most) environment. There are four factors I’d highlight that are driving these changes. The first is routinization. Through the use of technology (information and otherwise) we can knock out repeatable tasks. That means our attention can turn to new things where we can innovate. If one looks at job changes in the US over the last 30 years, the data reveals that routine jobs are flat and growth has only occurred in the non-routine settings.
The second driver is specialization. Knowledge around us is increasing, often exponentially. It is estimated a physician would need to read 29 hours a day to stay current on all the necessary knowledge. So we are forced to pick areas to dig in. The third driver is globalization. In the 1990’s, in particular, the global economy opened up as countries like India, Russia, Brazil and China flooded the global labor market with talented individuals. Success is no longer a local affair, it is a global one. Finally, we have digitization. We can capture knowledge digitally and share it around the world. All of these factors mean that great products and services can quickly capture markets and squeeze out others—so we have to learn if we are going to stay relevant. As Microsoft’s CEO, Satya Nadella, has said, “Ultimately, the ‘learn-it-all’ will always do better than the ‘know-it-all.’”
Why are we so bad at learning?