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www.fortinberrymurray.com
Making professional service
firms relevant in the age of AI
ICON/APSMA Forum
Melbourne – 15 June 2017
Dr Bob Murray
www.fortinberrymurray.com © 2017 Fortinberry Murray
2
Three key take-aways
˃ In the future most professional service firms will
look more like the large consultancies
˃ The future belongs to those who can form
lasting relationships, not technocrats
˃ Human beings are about mutual support, that’ll
be what you are offering
www.fortinberrymurray.com © 2017 Fortinberry Murray
3
The two challenges/opportunities
Professional
Services
Technology
What we use and
how we use it
HumanScience™
What really drives
human beings?
www.fortinberrymurray.com © 2017 Fortinberry Murray
4
What is human?
˃ 80% of our genetics and neurobiology about
building supportive relationships1
˃ H-G bands based on commonality, not kinship
˃ We are not rational
1Social exclusion decreases prosocial behaviour. Twenge, J.M., Baumeister, R.F., DeWall, C.N., and Bartels, J.M. (2007). Journal of Personality and
Social Psychology, 92, 56-66
www.fortinberrymurray.com © 2017 Fortinberry Murray
5
What is human?
˃ We naturally avoid change
˃ Our greatest fear is exclusion
˃ We make bad decisions under stress
˃ Every interaction affects our brain and genes
1Social exclusion decreases prosocial behaviour. Twenge, J.M., Baumeister, R.F., DeWall, C.N., and Bartels, J.M. (2007). Journal of
Personality and Social Psychology, 92, 56-66
www.fortinberrymurray.com © 2017 Fortinberry Murray
6
What goes on in any interaction?
Neurobiology of Decision Making: A Selective Review from a Neurocognitive and Clinical Perspective. Ernst,M., & Paulus M.P. (2005). Biological
Psychiatry, 58, 596-604.
Hard Facts Dangerous Half-Truths and Total Nonsense. Profiting from evidence-based management. Pfeffer,J., & Sutton,R.I. (2006). Boston, Mass:
Harvard Business School Press
SCARF: a brain-based model for influencing and collaborating with others. Rock, D. (2008). NeuroLeadership Journal, 1, 44-52.
Less than
- Tribe
- Trust
- Needs
- Fears
- Hopes
- Assumptions
www.fortinberrymurray.com © 2017 Fortinberry Murray
7
The 4 main human drivers: CATS
Certainty
Autonomy
Trust
Status
www.fortinberrymurray.com © 2017 Fortinberry Murray
8
The future of professional services
> Move from fact and information-based businesses
to consultancies
> Deeply understand the clients you’re dealing with
> Multiple touch points with client at different levels
> Framing the right questions instead of providing
answers and products
www.fortinberrymurray.com © 2017 Fortinberry Murray
9
ALPS® Dialogue skills
Ask: ask more than tell
Listen: we don’t hear 60% of what people say
Praise: galvanise the brain’s reward mechanism
Specify: generalities reduce trust
www.fortinberrymurray.com © 2017 Fortinberry Murray
10
Potent praise
˃ The reward system: dopamine and oxytocin
˃ What, how and who
˃ Organisations with a culture of praise are up to
25% more productive and profitable1
1In Praise of Praising Your Employees. Robinson, J. (2006).Gallup Business Journal
2Social effects of oxytocin in humans: context and person matter. Bartz, J.A., Zaki, J., Bolger, N., & Ochsner, K.N. (2011). Trends in Cognitive Sciences, 15, 301-311
Dopamine
reward system
Striatum
www.fortinberrymurray.com © 2017 Fortinberry Murray
11
Write down one thing you will do
differently, starting today
www.fortinberrymurray.com © 2017 Fortinberry Murray
12
Praise each other

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2017 ICON Melbourne Forum - PLENARY 1: Making Professional Services Firms Relevant in the Age of AI

  • 1. www.fortinberrymurray.com Making professional service firms relevant in the age of AI ICON/APSMA Forum Melbourne – 15 June 2017 Dr Bob Murray
  • 2. www.fortinberrymurray.com © 2017 Fortinberry Murray 2 Three key take-aways ˃ In the future most professional service firms will look more like the large consultancies ˃ The future belongs to those who can form lasting relationships, not technocrats ˃ Human beings are about mutual support, that’ll be what you are offering
  • 3. www.fortinberrymurray.com © 2017 Fortinberry Murray 3 The two challenges/opportunities Professional Services Technology What we use and how we use it HumanScience™ What really drives human beings?
  • 4. www.fortinberrymurray.com © 2017 Fortinberry Murray 4 What is human? ˃ 80% of our genetics and neurobiology about building supportive relationships1 ˃ H-G bands based on commonality, not kinship ˃ We are not rational 1Social exclusion decreases prosocial behaviour. Twenge, J.M., Baumeister, R.F., DeWall, C.N., and Bartels, J.M. (2007). Journal of Personality and Social Psychology, 92, 56-66
  • 5. www.fortinberrymurray.com © 2017 Fortinberry Murray 5 What is human? ˃ We naturally avoid change ˃ Our greatest fear is exclusion ˃ We make bad decisions under stress ˃ Every interaction affects our brain and genes 1Social exclusion decreases prosocial behaviour. Twenge, J.M., Baumeister, R.F., DeWall, C.N., and Bartels, J.M. (2007). Journal of Personality and Social Psychology, 92, 56-66
  • 6. www.fortinberrymurray.com © 2017 Fortinberry Murray 6 What goes on in any interaction? Neurobiology of Decision Making: A Selective Review from a Neurocognitive and Clinical Perspective. Ernst,M., & Paulus M.P. (2005). Biological Psychiatry, 58, 596-604. Hard Facts Dangerous Half-Truths and Total Nonsense. Profiting from evidence-based management. Pfeffer,J., & Sutton,R.I. (2006). Boston, Mass: Harvard Business School Press SCARF: a brain-based model for influencing and collaborating with others. Rock, D. (2008). NeuroLeadership Journal, 1, 44-52. Less than - Tribe - Trust - Needs - Fears - Hopes - Assumptions
  • 7. www.fortinberrymurray.com © 2017 Fortinberry Murray 7 The 4 main human drivers: CATS Certainty Autonomy Trust Status
  • 8. www.fortinberrymurray.com © 2017 Fortinberry Murray 8 The future of professional services > Move from fact and information-based businesses to consultancies > Deeply understand the clients you’re dealing with > Multiple touch points with client at different levels > Framing the right questions instead of providing answers and products
  • 9. www.fortinberrymurray.com © 2017 Fortinberry Murray 9 ALPS® Dialogue skills Ask: ask more than tell Listen: we don’t hear 60% of what people say Praise: galvanise the brain’s reward mechanism Specify: generalities reduce trust
  • 10. www.fortinberrymurray.com © 2017 Fortinberry Murray 10 Potent praise ˃ The reward system: dopamine and oxytocin ˃ What, how and who ˃ Organisations with a culture of praise are up to 25% more productive and profitable1 1In Praise of Praising Your Employees. Robinson, J. (2006).Gallup Business Journal 2Social effects of oxytocin in humans: context and person matter. Bartz, J.A., Zaki, J., Bolger, N., & Ochsner, K.N. (2011). Trends in Cognitive Sciences, 15, 301-311 Dopamine reward system Striatum
  • 11. www.fortinberrymurray.com © 2017 Fortinberry Murray 11 Write down one thing you will do differently, starting today
  • 12. www.fortinberrymurray.com © 2017 Fortinberry Murray 12 Praise each other