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Frontier Strategy Group has built a vibrant and dynamic community of emerging market thought leaders ranging from our client executives to academics to former diplomats. In the case of our most recent Emerging Market Executive Spotlight Podcast all three definitions hold true. FSG’s CEO Richard Leggett recently recorded an interview with Terry Thiele, Director Sustainable Product Strategies at Lubrizol Corporation on the topics of disruptive innovation and related scenario planning. Terry’s career spans across the military, law, national security, and most recently in the private sector with Lubrizol Corporation’s strategic planning support and regulatory compliance department. You may download the podcast by clicking here, or subscribe to our Emerging Markets Podcast Series.
In this Emerging Market Executive Spotlight, Terry discusses the definitions, risks, and opportunities associated with disruptive innovation and the methods of scenario planning to prepare for its effects on global business. Innovation has and always will be disruptive, but not always in a negative manner. In fact, disruptive innovation can revolutionize a product, business, or an entire industry. Though still in the early stages of development, 3D printing is one technology that has worldwide economic implications and the potential to be extraordinarily disruptive to every aspect of the traditional value chain, especially in emerging markets. Though as Terry states, it’s not the technology that poses the problem but how companies respond to the disruptive change. 3D printing certainly has the potential to initiate the 3rd industrial revolution but is dependent on two things: cost competiveness and performance characteristics.
Listen to the podcast for further explanation of how to utilize scenario planning to properly prepare business for disruptive innovations such as 3D printing, as well as other insight on the matter from Terry Thiele.
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Terry V. Thiele has been with The Lubrizol Corporation for 13 years during which time his principal responsibilities have included strategic planning support and regulatory compliance and advocacy, with an emphasis on environmental matters. In particular, Terry has led Lubrizol’s growing involvement with environmental life cycle assessments. He represents Lubrizol on the UN Clean Fuels & Vehicles Partnership, the American Chemistry Council’s Value Chain Outreach Committee, the American Petroleum Institute’s Used Oil Taskforce and the European Chemical Industry Council’s LCA Taskforce. Before joining Lubrizol, Terry performed environmental policy and government relations functions for AB Electrolux and the General Electric Company. Prior to that he spent the first 11 years of his career working in the Federal government with service in the Treasury Department, the Central Intelligence Agency, The Defense Intelligence Agency and the Executive Office of the President. He received his B.A. magna cum laude from Princeton University, his J.D. from the NYU School of Law and is a graduate of the National War College. Terry served for over 10 years in the U.S. Army Reserve, Judge Advocate General Corps, honorably discharged with the rank of captain.