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ratings:
Length:
26 minutes
Released:
Apr 15, 2019
Format:
Podcast episode

Description

Creative destruction occurs when a disruptive industry supplants a legacy industry, causing the loss of some jobs and the creation of others. Marc explains the need to get ahead of the disruptions in your industry, using examples from industrial giants who quickly became insignificant or who vanished as a result of unexpected market or social movements. Marc shares current technological changes and views of more drastic changes soon to come.   Listen in for a sample of the helpful advice in the new edition of Repurpose Your Career.   Key Takeaways: [1:14] Marc welcomes you to Episode 123 of the Repurpose Your Career podcast. Career Pivot brings you this podcast. CareerPivot.com is one of the very few websites dedicated to those of us in the second half of life and our careers. Take a moment to check out the blog and the other resources delivered to you, free of charge. [1:44] If you are enjoying this podcast, please share it with other like-minded souls. Subscribe on CareerPivot.com, iTunes, or any of the other apps that supply podcasts. Share it on social media or just tell your neighbors, and colleagues. The more people they reach, the more people they can help.[2:06] Next week, Marc will be interviewing Patti Temple Rocks, author of I’m Not Done: It's Time to Talk About Ageism in the Workplace, a great book on ageism. Marc thinks you will like this great interview. [2:20] If you are a regular listener to this show, you probably noticed that Marc has stopped talking about the next edition of his book, Repurpose Your Career. Susan Lahey and Marc are back on track and a draft of the third edition just got sent to the copy editor. [2:35] Marc’s plan is to release the third edition of the book in September of this year. [2:41] This week, Marc will read the pre-release chapter, “Learn to Embrace Creative Destruction.” He plans to release this chapter in PDF form to the review team within a week. [2:54] If you are interested in being on the release team and get early access to chapters in the new edition, go to careerpivot.com/rycteam. Marc hopes you enjoy this episode.[3:12] The pre-release chapter of “Learn to Embrace Creative Destruction.” In his book, Antifragile: Things That Gain From Disorder, writer Nassim Nicholas Taleb explains the problem of turkeys. A butcher feeds a turkey for 1,000 days. Every day that that turkey’s life remains constant confirms the surety of his current existence. [3:40] “This is the way it goes. This is the way it has always gone. This is the way it always will go.” All of the data confirms that butchers love turkeys. The turkey can rest confident in this idea because he has 999 days of benevolent treatment to back it up. [4:01] Then, a few days before Thanksgiving, everything in his worldview is upturned. This is what Taleb calls a ‘black swan event.’ All of the evidence proves it can’t happen, until it does. [4:16] The truth is that this is the normal course of things in human existence. A sudden rain shower hits the picnic. A car accident ruins travel plans. A financial windfall or unexpected romance changes your trajectory. Death comes unexpectedly. This is how life is. [4:36] In the world of work, the force behind these changes is often the power of creative destruction. One thing is destroyed and another is created. The turkey’s life is over. Dinner is served. [4:52] If the change is in our favor, we think it’s a good change. If the change is not in our favor, we think it’s a bad change. Regardless of how we feel about it, though, it’s going to happen. We need not be taken by surprise, like the turkey. [5:10] I was listening to a rebroadcast of a Freakonomics Radio podcast called “How Safe Is Your Job?” The hosts were talking about pianos. In 1905, they said, 400,000 pianos were made in America. If you wanted music in your house, you learned to play the piano. [5:31] The phonograph had been created 30 years before, in 1877 but phonograph sales didn’t take off until 1915. A decade later,
Released:
Apr 15, 2019
Format:
Podcast episode

Titles in the series (100)

Repurpose Your Career podcast brought to you by Career Pivot is a podcast for those of us in the 2nd half of life to come together to discuss how repurpose our careers for the 21st century.  Come listen to career experts give you proven strategies, listen to people like you tell their stories on how they repurposed their careers and finally get your questions answered.   Your host, Marc Miller, has made six career pivots over the last 30 years. He understands this is not about jumping out of the frying pan into a fire but rather to create a plan where you make clear actionable steps or pivots to a better future career.