Dealing with Disruption
BY MILLY CHOW, TMA GLOBAL PRESIDENT
unaffected. Some companies will
successfully navigate the disruptions
and transform; others will fail. In this
dynamic environment, TMA members
should be positioned to provide
valuable assistance to companies
on both ends of that spectrum.
The 2017 TMA Annual in Fort Worth,
Texas, October 23-25 is focused on
“Disruption and Its Ripple Effect.” How
apropos that this year’s conference is
held in a state that has recently been
materially impacted by significant
economic disruption, the ripple effects
of which continue to reverberate
through many aspects of its economy.
Niloofar Razi Howe, chief strategy
officer at RSA and keynote speaker
at the TMA Western Regional
Conference in July, spoke of the
need for organizations to confront
status quo bias. TMA does just
that, continuously looking at new
ways to provide its members with
enhanced membership value.
This year’s Annual, for example, is
more forward-focused, exploring
current and looming disruptions
in various industries, with special
insights and foresight provided by
industry leaders who are directly
challenged with confronting
these disruptions head-on.
TMA is also committed to supporting
innovative networking and
professional development programs
at the chapter level. Each year, TMA’s
Chapter Resource and Response
Committee (CRRC) provides grants
to assist chapters in putting together
innovative programming and events
to encourage membership growth.
As a former CRRC chair, I have
seen first-hand how this additional
funding stimulates novel networking
and professional development
programming. I encourage chapters
to apply for these CRRC grants.
TMA has also developed new chapter
data reports that provide North
American chapters with detailed metrics
about their members and events, and
how these compare to other chapters of
similar size. The reports enable chapters
to, among other things, develop more
targeted programming and events
for existing and new members.
How our members connect with each
other has fundamentally changed.
Networking now involves various
facets of social media and digital tools.
TMA is committed to ensuring that
our digital platform transforms to meet
our members’ needs and expectations.
For example, TMA recently launched
TMAConnect, which offers peer-to-peer networking introductions for
each user based on their answers
to a series of simple questions.
In addition, the TMA website and
the digital version of the Journal of
Corporate Renewal have undergone
recent improvements to bring about
added functionality for our members.
The updated JCR mobile app features
more user-friendly functionality for
those who read the magazine on
their phones or tablets. All articles,
graphics, and photos flow into an easily
readable format—no more pinching
or zooming is required. If you have
not already downloaded the JCR app,
I encourage you to do so by searching
for "Journal of Corporate Renewal" in
your provider’s app store. Lastly, TMA
is reviewing ways to enhance the
functionality of our online membership
directory so that it can be more
effectively utilized as a resource by our
members and their potential clients.
For every disruption there are
challenges, but also opportunity.
TMA is committed to helping
you find those opportunities.
I look forward to seeing
you at The Annual. J
As our political, economic, technological, and social foundations are being disrupted
in ways and at speeds never before
imagined, we are continuously
challenged in how we conduct both our
personal and professional lives: how we
interact and connect with one another,
how we work and conduct business,
and, as turnaround professionals, how
we turn around businesses. We are
on the cusp of the so-called Fourth
Industrial Revolution that will usher in
a new era that will transform our lives
in unprecedented scope, complexity,
and speed, outpacing all prior industrial
revolutions. No aspect of our lives will
be immune from these disruptions.
Disruption, whether to an industry,
market, and/or technology can
be simultaneously creative and
destructive and also fascinating and
frightening. Online retail, blockchain,
the internet of things (IOT), artificial
intelligence (AI), electric cars, driverless
vehicles, and pilotless airplanes—
each of these innovations will create
disruptions that will give rise to
new companies while challenging
existing businesses to transform to
remain relevant. No industry will be