May 19, 2020

Leadership in Washington

business leadership
Fannie Mae
Freddie Mac
business transformation
Bizclik Editor
5 min
Leadership in Washington

Written by Daniel Burrus, Business Expert and Futurist

 

The downgrading of the United States’ credit score after the recent debt-ceiling negotiations is just the tip of the iceberg of what’s to come. In fact, there’s a predictable cascade of events that this situation cost us. The question now is, can we turn the situation around, get back on a growth track, and avoid some of the negative effects?                           

First, let’s get to the real issue we’re dealing with. It’s called “indecision.” Leadership in Washington on both sides failed to come to a decisive conclusion on the raising of the debt ceiling—something that, historically, was quite easy. And even though it may seem that a decision was made, in reality it was an indecision that occurred—a decision to postpone the final answer and send it to a committee made up of people who fundamentally disagree with each other.

In other words, instead of the problem being resolved, it’s still out there. That’s not leadership; it’s a huge injection of uncertainty, which results in increased risk. And that’s what Moody’s is looking at—they see that our government isn’t dealing with the real issues and lacks true leadership when we need it most.

Even though some may dismiss the downgrading and say it doesn’t matter, it really does matter. The rest of the world is watching (and in some cases laughing) and wondering why our leaders can’t unite on something as basic as a debt ceiling. And the countries who hold our debt are getting wary as they watch our risk increase.

Everything that happens next is quite expected. The government’s credit rating was downgraded, which led to Freddie Mac and Fannie Mae being downgraded too. That means the interest on the U.S. debt goes up, raising the required payments, which again increases uncertainty and risk. And since things are so interconnected financially, it’s easy to see those increased costs cascading all the way down to state governments, as well as to entrepreneurs and the U.S. people. What happens next? People worry (because of the ever-increasing uncertainty) and don’t spend, which puts us on track for anemic growth if not another recession.

Now here’s an important point to remember, and the starting point of how we fix this mess: How you see the future shapes how you act, and how you act shapes the future. So if you see the future as foreboding, uncertain, or less stable, you act differently than if you see it as exciting and full of opportunity. As such, the actions the government has taken are shaping our futureview…and not for the better. In fact, the futureview of many right now is in line with seeing a negative future. And unfortunately, you get what you see.

So, how do we really turn things around? First, we have to reduce the high level of uncertainty. Leaders on both sides of the aisle need to start acting like leaders, not like dictators. Both sides have to come to some agreement and have to make some real decisions so that the rest of the world can regain confidence in the U.S.

We need to unite and start working together in order to make the tough decisions that need to be made, pass laws with clarity, and increase the certainty. In other words, it’s time to stop thinking in terms of “Republican” or “Democrat” and start thinking in terms of “American.” Only then can we get our AAA rating back, get back on a growth path, and change what has been set in motion.

But this will not happen without compromise from both the right and left, because as we know, progress in a democracy is based on compromise. So instead of starting the discussion by focusing on what everyone disagrees on, it’s time to unite and start the conversation by focusing on what everyone can agree on. In fact, the best leaders know that to gain consensus, you first create a list of what joins people together.

With that in mind, here’s one thing everyone should be able to agree upon: Right now there is a mountain of opportunity, but it’s shrouded in a fog of bad news. The opportunity lies within the technology-driven transformation that’s revolutionizing how we sell, market, communicate, collaborate, innovate, train, and educate. 

Transformation like what we’re experiencing now creates amazing new opportunities. But if we’re all hunkered down because of the uncertainty and risk we feel, we will not recognize the opportunities, much less take advantage of them.  

So can we overcome the current situation and get on a growth track? The answer is yes. But to do so, we must realize one key thing: Now is not the time to hunker down and become fearful. Instead of focusing on all the things we don’t know—and admittedly, there’s a lot we don’t know—we have to focus on what we do know and what we are certain about. When you do, you’ll start to see the vast opportunities waiting for you.

Daniel Burrus is considered one of the world’s leading technology forecasters and business strategists, and is the founder and CEO of Burrus Research, a research and consulting firm that monitors global advancements in technology driven trends to help clients better understand how technological, social and business forces are converging to create enormous, untapped opportunities. He is the author of six books, including The New York Times and The Wall Street Journal best seller Flash Foresight: How To See the Invisible and Do the Impossible as well as the highly acclaimed Technotrends. For more information, please visit: www.burrus.com.

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May 12, 2021

How innovation is transforming government

United States Air Force
Leidos
Bizclik Editor
3 min
Leidos is a global leader in the development and application of technology to solve their customers’ most demanding challenges.

According to Washington Technology’s Top 100 list, Leidos is the largest IT provider to the government. But as Lieutenant General William J. Bender explains, “that barely scratches the surface” of the company’s portfolio and drive for innovation.

Bender, who spent three and a half decades in the military, including a stint as the U.S. Air Force’s Chief Information Officer (CIO), has seen action in the field and in technology during that time, and it runs in the family. Bender’s son is an F-16 instructor pilot. So it stands to reason Bender Senior intends to ensure a thriving technological base for the U.S. Air Force. “What we’re really doing here is transforming the federal government from the industrial age into the information age and doing it hand-in-hand with industry,” he says.

The significant changes that have taken place in the wider technology world are precisely the capabilities Leidos is trying to pilot the U.S. Air Force through. It boils down to developing cyberspace as a new domain of battle, globally connected and constantly challenged by the threat of cybersecurity attacks.

“We recognize the importance of the U.S. Air Force’s missions,” says Bender, “and making sure they achieve those missions. We sit side-by-side with the air combat command, intelligence surveillance, and reconnaissance infrastructure across the Air Force. There are multiple large programs where the Air Force is partnering with Leidos to ensure their mission is successfully accomplished 24/7/365. In this company, we’re all in on making sure there’s no drop in capability.”

That partnership relies on a shared understanding of delivering successful national security outcomes, really understanding the mission at hand, and Leidos’ long-standing relationship of over 50 years with the federal government.

To look at where technology is going, Bender thinks it is important to look back at the last 10 to 15 years. “What we’ve seen is a complete shift in how technology gets developed,” he says. “It used to be that the government invested aggressively in research and development, and some of those technologies, once they were launched in a military context, would find their way into the commercial space. That has shifted almost a hundred percent now, where the bulk of the research and development dollars and the development of tech-explicit technologies takes place in the commercial sector.”

“There’s a long-standing desire to adopt commercial technology into defense applications, but it’s had a hard time crossing the ‘valley of death’ [government slang for commercial technologies and partnerships that fail to effectively transition into government missions]. Increasingly we’re able to do that. We need to look at open architectures and open systems for a true plug-and-play capability. Instead of buying it now and trying to guess what it’s going to be used for 12 years from now, it should be evolving iteratively.”

 

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