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Posts Tagged ‘Disruption’

How to Survive and Thrive in a World of Disruption

Posted by hkarner - 11. Dezember 2019

Date: 11‑12‑2019

Source: The Wall Street Journal By Irving Wladawsky‑Berger

Looking back upon my long career, it’s frankly sobering how many once powerful IT companies are no longer around or are shadows of their former selves: Digital Equipment Corp., Wang Laboratories, Sun Microsystems…the list goes on. 

The forces of disruption might have been more powerful in the fast‑changing IT industry, but no industry has been immune. In less than two decades, the global recorded‑music industry has lost over half its revenues, while the drop in newspaper advertising revenue in the U.S. has been even steeper. Retail has undergone major changes with the rise of e‑commerce, as has the telecommunications sector with the transition to mobile phones.

Why have so many companies been done in by disruptive technological and market changes? Is it that in spite of all their efforts in strategy formulation, their leaders failed to anticipate these changes and were caught by surprise?  Or is it that, as if actors in a Greek tragedy, they saw the changes coming and understood what needed to be done, but were somehow unable to make the needed strategic and cultural transformations? Den Rest des Beitrags lesen »

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The investment- management industry faces a big squeeze

Posted by hkarner - 13. Mai 2017

Date: 11-05-2017
Source: The Economist: Buttonwood

It is likely to lead to further consolidation

MAKING money yourself from investing other people’s has been a good business for over a century. Asset managers established a key principle early on: they could charge an ad valorem fee on the amount they oversee. So when markets go up, their fees go up.

But as the title of a recent London Business School conference indicated, investment management is “an industry in disruption”. Abhijit Rawal of PwC, a consultancy, described the sector’s problems as the “four Rs”: returns are low; revenues are being squeezed; regulations are being tightened; and the robots are coming to take away business.

Plenty of potential for growth remains, as workers save for retirement. But the industry faces the same sort of cut-throat competition that technology has caused elsewhere. The oldest challenge comes from index trackers, funds that try simply to match the performance of a benchmark like the S&P 500. It took many decades for such “passive” funds to become widely accepted, but they are rapidly gaining market share. Vanguard, a big passive manager, received more than half of all global fund inflows last year. Den Rest des Beitrags lesen »

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The Challenge of Our Disruptive Era

Posted by hkarner - 24. April 2017

Date: 23-04-2017
Source: The Wall Street Journal

It is arguably the largest economic transformation in recorded history. Can our politics adapt?

I am a historian, and that usually means I’m a killjoy. When people say we’re at a unique moment in history, the historian’s job is to put things in perspective by pointing out that there is more continuity than discontinuity, that we are not special, that we think our moment is unique because we are narcissists and we’re at this moment. But what we are going through now—the past 20 or 30 years, and the next 20 or 30 years—really is historically unique. It is arguably the largest economic disruption in recorded human history. And our politics are not yet up to the challenge.

There have been four kinds of economies: hunter-gatherers, agriculture (settled agrarian farmers in their villages), industry (mass urbanization and immigration), and whatever we’re entering now. Sometimes we call it the information-technology economy, the knowledge economy, the service economy, the digital economy. Sociologists call it the “postindustrial” economy, which is another way of saying “we don’t have anything to call it.”

What it really means is that jobs are no longer permanent. It used to be that you did whatever your parents and grandparents had done. Hunter-gatherers and farmers never even thought about it. There was no such thing as job choice, only becoming 7 and 10 and 12 years old and taking on more responsibilities to earn your keep. Den Rest des Beitrags lesen »

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Harnessing the Politics of Disruption

Posted by hkarner - 1. Februar 2017

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Die Sharing-Ökonomie zerrüttet auch die Marktwirtschaft

Posted by hkarner - 19. Oktober 2016

So what, Herr Vontobel? (hfk)
Arbeit | 18.10.2016
Von Werner Vontobel, Makroskop

Der Taxi-Dienst Uber und der Wohnungsvermittler Airbnb sehen sich als Vorreiter einer neue Art von Wirtschaft,  der Sharing-Ökonomie oder des „Internet of Things“  und ihre Erfinder brüsten sich damit, ihren jeweiligen Markt zerstört und aus den Angeln gehoben zu haben. „Disruption“ (Zerrüttung) heißt das neue Schlagwort.

Es gehe nicht mehr um Innovation, sondern darum, die Karten völlig neu zu mischen. Da ist etwas dran. Man kann unternehmerischen Geistern nicht verbieten, auf diesen Zug aufzuspringen, aber man sollte sich von dieser Euphorie auch nicht blind mitreißen lassen. Die neuen Technologien bergen große Risiken. Nicht zuletzt deshalb weil sie sich mit den Regeln des  Marktes nur schwer vereinbaren lassen. Sie haben das Zeug, nicht nur das Hotel- und Taxigewerbe zu disruptieren, sondern auch die Marktwirtschaft, so wie wir sie bisher gekannt – und lange Zeit auch geschätzt – haben.

Das Geschäftskonzept Den Rest des Beitrags lesen »

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How Scary is Disruptive Technology?

Posted by hkarner - 29. September 2016

Photo of Martin Feldstein

Martin Feldstein

Martin Feldstein, Professor of Economics at Harvard University and President Emeritus of the National Bureau of Economic Research, chaired President Ronald Reagan’s Council of Economic Advisers from 1982 to 1984. In 2006, he was appointed to President Bush’s Foreign Intelligence Advisory Board, and, in 2009, was appointed to President Obama’s Economic Recovery Advisory Board. Currently, he is on the board of directors of the Council on Foreign Relations, the Trilateral Commission, and the Group of 30, a non-profit, international body that seeks greater understanding of global economic issues.

SEP 28, 2016, Project Syndicate

CAMBRIDGE – The steady stream of improvements in driverless cars has convinced me that before too long the roads will be filled with cars and trucks operating without humans at the wheel. Likewise, I am convinced that the revolution in artificial intelligence will allow computers and robots to do many of the tasks that white-collar workers now do.

It’s not surprising, therefore, that many people are worried about the fate of those whose jobs are vulnerable – or have already been lost – to the latest disruptive technology. What will happen to the millions of men and women who now drive trucks and taxis when the trucks and taxis can drive themselves? What will happen to the accountants and health workers when computers can do their jobs? Den Rest des Beitrags lesen »

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Growth in a Time of Disruption

Posted by hkarner - 28. Juli 2016

Photo of Michael Spence

Michael Spence

Michael Spence, a Nobel laureate in economics, is Professor of Economics at NYU’s Stern School of Business, Distinguished Visiting Fellow at the Council on Foreign Relations, Senior Fellow at the Hoover Institution at Stanford University, Academic Board Chairman of the Asia Global Institute in Hong Kong, and Chair of the World Economic Forum Global Agenda Council on New Growth Models. He was the chairman of the independent Commission on Growth and Development, an international body that from 2006-2010 analyzed opportunities for global economic growth, and is the author of The Next Convergence – The Future of Economic Growth in a Multispeed World.

JUL 27, 2016, Project Syndicate

FORT LAUDERDALE, FLORIDA – Developing countries are facing major obstacles – many of which they have little to no control over – to achieving sustained high growth. Beyond the headwinds generated by slow advanced-economy growth and abnormal post-crisis monetary and financial conditions, there are the disruptive impacts of digital technology, which are set to erode developing economies’ comparative advantage in labor-intensive manufacturing activities. With the reversal of these trends out of the question, adaptation is the only option.

Robotics has already made significant inroads in electronics assembly, with sewing trades, traditionally many countries’ first entry point to the global trading system, likely to come next. As this trend continues, the imperative to build supply chains based on the location of relatively immobile and cost-effective labor will wane, with production moving closer to the final market. Adidas, for example, is already building a factory in Germany, where robots will produce high-end athletic shoes, and is planning a second one in the United States. Den Rest des Beitrags lesen »

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The Age of Disruption

Posted by hkarner - 15. Mai 2015

Date: 14-05-2015
Source: Businessworld: Nayan Chanda

No ordinary disruptionAwareness of new patterns, discoveries and inventions can revolutionize entire industries or economies. Others quickly adapt or struggle. Richard Dobbs, James Manyika and Jonathan Woetzel are authors of “No Ordinary Disruption: The Four Global Forces Breaking All the Trends,” and “By combining data from disparate fields, they make a compelling argument about the disruptive forces that are re-shaping the world before our eyes,” Nayan Chanda, editor of YaleGlobal, writes for his column in Businessworld. Economic activity is shifting from Europe to Asia. So much trade depends on the accelerating pace of technology including online shopping. Fertility is in decline throughout much of the world, and some nations are aging; the world will need more programmers and caregivers. “The final disruptive force is the breathtaking interconnectivity between trade, the movement of capital, people and information,” Chanda writes. “Lessons learnt in one country are quickly applied to gain market advantage in another.” Countries must prepare with adequate infrastructure, education, communications and other basic procedures yet to be recognized. – YaleGlobal

The book “No Ordinary Disruption” suggests economies must prepare to adapt to shift to Asia, declining fertility, other disruptive trends. Den Rest des Beitrags lesen »

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Creative Self-Disruption

Posted by hkarner - 8. April 2015

Date: 07-04-2015
Source: Project Syndicate

MOHAMED A. EL-ERIANEl-Erian CC

Mohamed A. El-Erian, Chief Economic Adviser at Allianz and a member of its International Executive Committee, is Chairman of President Barack Obama’s Global Development Council. He previously served as CEO and co-Chief Investment Officer of PIMCO. He was named one of Foreign Policy’s Top 100 Global Thinkers in 2009, 2010, 2011, and 2012. His book When Markets Collide was the Financial Times/Goldman Sachs Book of the Year and was named a best book of 2008 by The Economist.

LAGUNA BEACH – Like many readers, I still vividly recall when Nokia was the dominant player in mobile phones, with over 40% of the market, and Apple was just a computer company. I remember when Amazon was known only for books, and when dirty taxis or high-priced limousines where the only alternative to public transport or my own car. And I recall when the Four Seasons, Ritz Carltons, and St. Regises of this world competed with one another – not with Airbnb.

Now, I may be old, but I am not that old. These changes happened recently – and fast. How did they occur? Will the pace of change remain so rapid – or even accelerate further? And how should companies respond? Den Rest des Beitrags lesen »

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