A holistic, strategic look at the phenomenon of "global sourcing" and the challenges, opportunities this offers - by David Kinnear, Lisnagol Global Services
Impact of Cultural-Creative Entrepreneurship on Emerging EconomiesTom Aageson
The document discusses the economic impact of cultural and creative industries on emerging economies. It notes that creative industries experienced 8.7% growth globally from 2000-2005 and 14% growth in 2008, totaling $425 billion in trade. The Global Center for Cultural Entrepreneurship works with clients and on programs in countries like Kenya, Mexico, Costa Rica, and others to support cultural entrepreneurs through activities like market development, mentorship, and cultural cluster planning.
Thriving towards valued based entrepreneurship - Dr.Suvit MaesinceeCIMSriLanka
This document discusses major shifts taking place in the global business environment over the next decade, including:
1) A shift from the American century to the Asian century as global economic power transitions to Asia.
2) A shift from an age of prosperity to an age of extremity as societies face greater economic, social, political and environmental instability.
3) A shift from corporate-centric governance to citizen-centric governance as technologies empower individuals and social networks enable participatory democracy.
These shifts require new approaches to management, business models, and entrepreneurship focused on sustainability, stakeholder value, and adapting to increasing complexity, uncertainty and change.
The document discusses features of new social movements (NSMs). NSMs tend to be young and focus on private issues rather than bureaucracy. They are informal and aim to create a more egalitarian society. The document also mentions capitalism, industrialism, surveillance, military power, and labor movements as characteristics of late modernity. It refers to anti-capitalist, human rights, and peace movements as examples of linked social movements.
2017 Community Information Forum - Ed McMahonMcrpc Staff
The theme of the 2017 Information Forum was the relationship between placemaking and economic development. Our speaker, Ed McMahon of the Urban Land Institute, is nationally known as an inspiring and thought-provoking speaker and a leading authority on topics such as the links between health and the built environment, sustainable development, land conservation, smart growth, and historic preservation. His presentation, "Secrets of Successful Communities: How Cities Can Prosper in a Rapidly Changing World," explored these themes through the lens of economic development.
Entrepreneurship involves creating new businesses and driving innovation and economic growth. In the 19th-20th centuries, entrepreneurs were often seen as managers from an economic perspective. By the mid-20th century, the view of entrepreneurs as innovators who revolutionize production emerged. Examples of famous entrepreneurs include Walt Disney, who innovated in entertainment, and Olympic sprinter Oscar Pistorius, who pioneered prosthetic limbs. Entrepreneurship is important because it leads to innovation, job creation, wealth generation, and economic growth for nations.
Financial Policy Council Events,
the Financial Policy Council Inc. ("FPC") is to formulate and promote sound public policy based on the principles of free enterprise and wealth creation as envisioned by the ideals of the American Founding Fathers. FPC is a public policy-oriented organization which seeks to educate and inform the public about economic and fiscal matters.
The document discusses globalization through a series of discussion questions. It begins by asking for definitions of globalization and perspectives on its pros and cons. It then provides a definition of globalization as the free movement of goods, services, and people across borders. The document outlines several aspects of globalization, including the opening of economies, liberalization of trade and investment, and adherence to international trade organizations. It also includes vocabulary terms and debates some pros and cons of globalization related to labor practices, economic growth, and cultural impacts.
The document discusses the historical development of capitalism. It states that capitalism is first and foremost a historical social system that involves the widespread commodification of processes like production, distribution, and investment that were previously not conducted via markets. Historical capitalism also involved the integration of separate forms of capital like merchants' capital and money capital into a capitalist mode of production. Over the last 25 years, capitalism has seen the increased mobility of capital and the rise of finance as a driving force, accelerating the buildup of debt in economies. Financialization refers to the growing importance of financial markets, motives, institutions, and elites in the operation of economies.
Impact of Cultural-Creative Entrepreneurship on Emerging EconomiesTom Aageson
The document discusses the economic impact of cultural and creative industries on emerging economies. It notes that creative industries experienced 8.7% growth globally from 2000-2005 and 14% growth in 2008, totaling $425 billion in trade. The Global Center for Cultural Entrepreneurship works with clients and on programs in countries like Kenya, Mexico, Costa Rica, and others to support cultural entrepreneurs through activities like market development, mentorship, and cultural cluster planning.
Thriving towards valued based entrepreneurship - Dr.Suvit MaesinceeCIMSriLanka
This document discusses major shifts taking place in the global business environment over the next decade, including:
1) A shift from the American century to the Asian century as global economic power transitions to Asia.
2) A shift from an age of prosperity to an age of extremity as societies face greater economic, social, political and environmental instability.
3) A shift from corporate-centric governance to citizen-centric governance as technologies empower individuals and social networks enable participatory democracy.
These shifts require new approaches to management, business models, and entrepreneurship focused on sustainability, stakeholder value, and adapting to increasing complexity, uncertainty and change.
The document discusses features of new social movements (NSMs). NSMs tend to be young and focus on private issues rather than bureaucracy. They are informal and aim to create a more egalitarian society. The document also mentions capitalism, industrialism, surveillance, military power, and labor movements as characteristics of late modernity. It refers to anti-capitalist, human rights, and peace movements as examples of linked social movements.
2017 Community Information Forum - Ed McMahonMcrpc Staff
The theme of the 2017 Information Forum was the relationship between placemaking and economic development. Our speaker, Ed McMahon of the Urban Land Institute, is nationally known as an inspiring and thought-provoking speaker and a leading authority on topics such as the links between health and the built environment, sustainable development, land conservation, smart growth, and historic preservation. His presentation, "Secrets of Successful Communities: How Cities Can Prosper in a Rapidly Changing World," explored these themes through the lens of economic development.
Entrepreneurship involves creating new businesses and driving innovation and economic growth. In the 19th-20th centuries, entrepreneurs were often seen as managers from an economic perspective. By the mid-20th century, the view of entrepreneurs as innovators who revolutionize production emerged. Examples of famous entrepreneurs include Walt Disney, who innovated in entertainment, and Olympic sprinter Oscar Pistorius, who pioneered prosthetic limbs. Entrepreneurship is important because it leads to innovation, job creation, wealth generation, and economic growth for nations.
Financial Policy Council Events,
the Financial Policy Council Inc. ("FPC") is to formulate and promote sound public policy based on the principles of free enterprise and wealth creation as envisioned by the ideals of the American Founding Fathers. FPC is a public policy-oriented organization which seeks to educate and inform the public about economic and fiscal matters.
The document discusses globalization through a series of discussion questions. It begins by asking for definitions of globalization and perspectives on its pros and cons. It then provides a definition of globalization as the free movement of goods, services, and people across borders. The document outlines several aspects of globalization, including the opening of economies, liberalization of trade and investment, and adherence to international trade organizations. It also includes vocabulary terms and debates some pros and cons of globalization related to labor practices, economic growth, and cultural impacts.
The document discusses the historical development of capitalism. It states that capitalism is first and foremost a historical social system that involves the widespread commodification of processes like production, distribution, and investment that were previously not conducted via markets. Historical capitalism also involved the integration of separate forms of capital like merchants' capital and money capital into a capitalist mode of production. Over the last 25 years, capitalism has seen the increased mobility of capital and the rise of finance as a driving force, accelerating the buildup of debt in economies. Financialization refers to the growing importance of financial markets, motives, institutions, and elites in the operation of economies.
The document discusses several key concepts related to globalization including:
1) Economic globalization involves the integration of markets for goods, services, and factors of production across national borders and increased importance of international supply chains.
2) Value chains, as conceived by Michael Porter, extend beyond supply chains to include research, development, innovation, and commercialization.
3) Appadurai describes various "scapes" or fluid landscapes that characterize international flows, including ethnoscapes, mediascapes, technoscapes, financescapes, and ideoscapes.
4) National governments have pursued various coping strategies in response to globalization pressures, such as promoting inward foreign direct investment,
2014 HAC Conference & Canadian Tourism Marketing Summit- Centre Spread Ad in ...Orie Berlasso
Centre Spread ad in Canadian Lodging News JAN/FEB 2014 issue for the Hotel Association of Canada's National Conference held in conjunction with Canadian Tourism Marketing Summit on FEB 11-13, 2014 at Eaton Chelsea Toronto Hotel.
Keynote speakers include:
Sherryl Connelly- Ford Motor Company
Nicolas Darveau-Garneau and Eric Morris- Google
Curt Steinhorst
Bill Todd- Sales Professional
Terry O'Reilly- back by popular demand
Tony D'Astolfo- Managing Director at PhoCusWright
Adrian Brijbassi- Canadian Tourism Commission
+more
Check out www.hacconference.ca and www.cdntourismmarketing.ca for more details.
Crossing the Chasm: Entrepreneurs as Agents of ChangeConsciousTravel
Presentation given in Sydney to the Women Chiefs of Enterprise International (#WCEI2011) on key change drivers affecting consumer values and business practice
Economics systems: Capitalism
Economics - Economics is the social science that analyzes the production, distribution and consumption of goods & services.
Economic System is the system of production, distribution and consumption
An economic system is a mechanism (also defined as system or social institution) which deals with the production, distribution and consumption of goods and services in a particular society.
The economic system is composed of people, institutions and their relationships. It addresses the problems of economics like the allocation of the resources.
Economic System: An organized way in which a state or nation allocates its resources and distributes goods and services in the national community.
This document discusses cultural context and international business. It begins by stating that understanding a region's culture is essential for understanding how business operates there. It then discusses how a culture's defining story shapes social norms and wealth distribution. Various international trade theories are presented such as mercantilism, economic nationalism, and globalization. Methods for international business such as exporting, licensing, franchising, and strategic alliances are also examined. Finally, sources of export assistance from organizations like the Department of Commerce and Small Business Administration are provided.
Generations In The Community A New MarketplacePresentMark
This document discusses generational cohorts and the nonprofit sector. It notes that Baby Boomers, Generation X, and Millennials each have defining characteristics and events that shaped their perspectives. It also discusses that the nonprofit sector business models are often outdated and should focus on social entrepreneurism, impact investing, and engaging various generations as advocates and investors. The key to success is seen as social capital and innovation to create new value propositions for clients, donors, and communities.
Global Sourcing Trends, Challenges, and Solutions For 2015Bill Kohnen
Global Sourcing is viewed as a common business practice but is surprisingly not well defined in practice and can mean different things depending on where one is that. However, western CEOs and CPOs view it as a basic practice to be competitive despite feeling the process is not well measured or managed. Solutions for better performance come down to developing people and evolving process.
The document compares the costs and time required for a manual strategic sourcing process versus an eSourcing process. It finds that the manual process takes significantly more time, labor hours, and costs compared to the eSourcing process, which streamlines the various steps and allows for real-time collaboration and monitoring of supplier responses. Key benefits of eSourcing included standardized supplier responses, automated scoring of questions, and easier review of responses by stakeholders.
Transitioning to a new software or platform for your business can be a challenging decision. However, when it comes to an eSourcing platform, the benefits definitely outweigh the challenges. From streamlining your business, to improving internal communication, eSourcing platforms like FlexRFP (TM) can greatly benefit your business.
The document discusses the major drivers of supply chain performance which include logistical drivers like facilities, inventory, and transportation as well as cross-functional drivers like information, sourcing, and pricing. It then provides details on each of these drivers, including the different types of facilities, approaches to inventory and transportation, how information is used, components of sourcing and pricing decisions. It also mentions some obstacles to achieving strategic fit like increasing product variety, demanding customers, and globalization.
How do you know what your future market will look like? How can your business model adapt? And how can it help your business? Explore these questions using Horizons, a practical tool to help identify and think through the big environmental and social trends and issues.
Report from WEF Davos 2009 - Presentation by Alec Hogg, Moneywebmoneyweb
The World Economic Forum is committed to improving the global state and holds annual meetings in Davos to set the year's economic agenda. The 2009 meeting saw record attendance from CEOs and government leaders. Speakers discussed the state of the global recession and opportunities emerging from the economic crisis, emphasizing the need for global collaboration on issues like climate change, infrastructure development, and renewable energy. While some leaders expressed optimism that the economic downturn would be temporary, others warned that the worst impact may still be coming and that significant financial sector reforms would be needed. Overall the forum called for a renewed spirit of global cooperation and shared values to guide the world's response.
The document discusses the economic and cultural impacts of globalization through various texts from different time periods. It explores how authors like Heaney addressed global issues like violence through their works, offering local perspectives. The document also discusses how globalization has led to new understandings of concepts like wealth. Religious globalization involves the spread of religious groups, ideas and practices across borders and how societies' views of religion have changed over time along with their moral values.
The document discusses the importance of investing in youth entrepreneurship and enterprises to build a better world. It argues that youth businesses are key as the global trends and demographics favor them. Specifically, Singapore's statistics indicate that now is the right timing to focus on youth businesses. Supporting youth businesses provides benefits like building the local economy, ensuring local jobs, and fostering a more resilient society. However, youth businesses require support from governments and NGOs to promote them as sustainable enterprises that address social and economic needs.
This document discusses the need for sustainability and justice in the current broken financial system. It argues that the age of irresponsibility must end and explores how to build an economy that operates within planetary boundaries, focusing on enterprise, employment, investment and money. It examines how values like altruism, care for others, community and cooperation relate to both religion and sustainability. The document suggests pro-social behavior and commitment to others may help build a more just and sustainable economic system.
The document discusses several perspectives on predicting the future including that the future is uncertain, predictions are often wrong, and it's difficult to foresee changes. It also explores trends related to population growth, economic development, environmental challenges, and reducing poverty that will impact the future global landscape. Futures thinking is presented as a way to stimulate imagination, encourage creativity, and help identify opportunities to shape the future in a wiser way.
The document discusses the evolution of entrepreneurship and its relevance to economic development and society. It provides definitions of entrepreneurship from various contributors over time. Entrepreneurship has evolved from being associated with risk-taking and innovation to also include opportunity-seeking and resource mobilization. The document highlights that entrepreneurship is seen in Philippine society as a means of social and economic advancement. It also lists notable Filipino and global entrepreneurs as examples. Entrepreneurial activity is recognized as an important driver of economic growth and national development.
This document is a newsletter from Q3 2013 that includes the following articles:
- An introduction that looks back at the market recovery since the Great Recession and lessons for investors who stayed invested versus those who withdrew during the downturn.
- An announcement for a holiday party in December 2013.
- An article discussing how dire predictions often don't come true and investors should focus on positive economic factors.
- A piece about managing retirement accounts held outside of the main brokerage to get a full view of clients' finances.
- A section touting the strong economy and job growth in Houston, Texas.
- A brief discussion on whether it's a good time to start investing now rather
The document discusses globalization and its impacts. It begins by defining globalization as the closer integration of countries through reduced trade barriers and costs of transportation and communication. It then outlines some of the major international institutions involved in governing globalization, including the IMF, World Bank, and WTO. The document also discusses some of the opportunities and threats presented by globalization, such as increased inequality, environmental impacts, and threats to cultural diversity. It raises issues about the appropriate level of global regulation and discusses Joseph Stiglitz's critique of how international institutions have pursued globalization.
The document discusses several key concepts related to globalization including:
1) Economic globalization involves the integration of markets for goods, services, and factors of production across national borders and increased importance of international supply chains.
2) Value chains, as conceived by Michael Porter, extend beyond supply chains to include research, development, innovation, and commercialization.
3) Appadurai describes various "scapes" or fluid landscapes that characterize international flows, including ethnoscapes, mediascapes, technoscapes, financescapes, and ideoscapes.
4) National governments have pursued various coping strategies in response to globalization pressures, such as promoting inward foreign direct investment,
2014 HAC Conference & Canadian Tourism Marketing Summit- Centre Spread Ad in ...Orie Berlasso
Centre Spread ad in Canadian Lodging News JAN/FEB 2014 issue for the Hotel Association of Canada's National Conference held in conjunction with Canadian Tourism Marketing Summit on FEB 11-13, 2014 at Eaton Chelsea Toronto Hotel.
Keynote speakers include:
Sherryl Connelly- Ford Motor Company
Nicolas Darveau-Garneau and Eric Morris- Google
Curt Steinhorst
Bill Todd- Sales Professional
Terry O'Reilly- back by popular demand
Tony D'Astolfo- Managing Director at PhoCusWright
Adrian Brijbassi- Canadian Tourism Commission
+more
Check out www.hacconference.ca and www.cdntourismmarketing.ca for more details.
Crossing the Chasm: Entrepreneurs as Agents of ChangeConsciousTravel
Presentation given in Sydney to the Women Chiefs of Enterprise International (#WCEI2011) on key change drivers affecting consumer values and business practice
Economics systems: Capitalism
Economics - Economics is the social science that analyzes the production, distribution and consumption of goods & services.
Economic System is the system of production, distribution and consumption
An economic system is a mechanism (also defined as system or social institution) which deals with the production, distribution and consumption of goods and services in a particular society.
The economic system is composed of people, institutions and their relationships. It addresses the problems of economics like the allocation of the resources.
Economic System: An organized way in which a state or nation allocates its resources and distributes goods and services in the national community.
This document discusses cultural context and international business. It begins by stating that understanding a region's culture is essential for understanding how business operates there. It then discusses how a culture's defining story shapes social norms and wealth distribution. Various international trade theories are presented such as mercantilism, economic nationalism, and globalization. Methods for international business such as exporting, licensing, franchising, and strategic alliances are also examined. Finally, sources of export assistance from organizations like the Department of Commerce and Small Business Administration are provided.
Generations In The Community A New MarketplacePresentMark
This document discusses generational cohorts and the nonprofit sector. It notes that Baby Boomers, Generation X, and Millennials each have defining characteristics and events that shaped their perspectives. It also discusses that the nonprofit sector business models are often outdated and should focus on social entrepreneurism, impact investing, and engaging various generations as advocates and investors. The key to success is seen as social capital and innovation to create new value propositions for clients, donors, and communities.
Global Sourcing Trends, Challenges, and Solutions For 2015Bill Kohnen
Global Sourcing is viewed as a common business practice but is surprisingly not well defined in practice and can mean different things depending on where one is that. However, western CEOs and CPOs view it as a basic practice to be competitive despite feeling the process is not well measured or managed. Solutions for better performance come down to developing people and evolving process.
The document compares the costs and time required for a manual strategic sourcing process versus an eSourcing process. It finds that the manual process takes significantly more time, labor hours, and costs compared to the eSourcing process, which streamlines the various steps and allows for real-time collaboration and monitoring of supplier responses. Key benefits of eSourcing included standardized supplier responses, automated scoring of questions, and easier review of responses by stakeholders.
Transitioning to a new software or platform for your business can be a challenging decision. However, when it comes to an eSourcing platform, the benefits definitely outweigh the challenges. From streamlining your business, to improving internal communication, eSourcing platforms like FlexRFP (TM) can greatly benefit your business.
The document discusses the major drivers of supply chain performance which include logistical drivers like facilities, inventory, and transportation as well as cross-functional drivers like information, sourcing, and pricing. It then provides details on each of these drivers, including the different types of facilities, approaches to inventory and transportation, how information is used, components of sourcing and pricing decisions. It also mentions some obstacles to achieving strategic fit like increasing product variety, demanding customers, and globalization.
How do you know what your future market will look like? How can your business model adapt? And how can it help your business? Explore these questions using Horizons, a practical tool to help identify and think through the big environmental and social trends and issues.
Report from WEF Davos 2009 - Presentation by Alec Hogg, Moneywebmoneyweb
The World Economic Forum is committed to improving the global state and holds annual meetings in Davos to set the year's economic agenda. The 2009 meeting saw record attendance from CEOs and government leaders. Speakers discussed the state of the global recession and opportunities emerging from the economic crisis, emphasizing the need for global collaboration on issues like climate change, infrastructure development, and renewable energy. While some leaders expressed optimism that the economic downturn would be temporary, others warned that the worst impact may still be coming and that significant financial sector reforms would be needed. Overall the forum called for a renewed spirit of global cooperation and shared values to guide the world's response.
The document discusses the economic and cultural impacts of globalization through various texts from different time periods. It explores how authors like Heaney addressed global issues like violence through their works, offering local perspectives. The document also discusses how globalization has led to new understandings of concepts like wealth. Religious globalization involves the spread of religious groups, ideas and practices across borders and how societies' views of religion have changed over time along with their moral values.
The document discusses the importance of investing in youth entrepreneurship and enterprises to build a better world. It argues that youth businesses are key as the global trends and demographics favor them. Specifically, Singapore's statistics indicate that now is the right timing to focus on youth businesses. Supporting youth businesses provides benefits like building the local economy, ensuring local jobs, and fostering a more resilient society. However, youth businesses require support from governments and NGOs to promote them as sustainable enterprises that address social and economic needs.
This document discusses the need for sustainability and justice in the current broken financial system. It argues that the age of irresponsibility must end and explores how to build an economy that operates within planetary boundaries, focusing on enterprise, employment, investment and money. It examines how values like altruism, care for others, community and cooperation relate to both religion and sustainability. The document suggests pro-social behavior and commitment to others may help build a more just and sustainable economic system.
The document discusses several perspectives on predicting the future including that the future is uncertain, predictions are often wrong, and it's difficult to foresee changes. It also explores trends related to population growth, economic development, environmental challenges, and reducing poverty that will impact the future global landscape. Futures thinking is presented as a way to stimulate imagination, encourage creativity, and help identify opportunities to shape the future in a wiser way.
The document discusses the evolution of entrepreneurship and its relevance to economic development and society. It provides definitions of entrepreneurship from various contributors over time. Entrepreneurship has evolved from being associated with risk-taking and innovation to also include opportunity-seeking and resource mobilization. The document highlights that entrepreneurship is seen in Philippine society as a means of social and economic advancement. It also lists notable Filipino and global entrepreneurs as examples. Entrepreneurial activity is recognized as an important driver of economic growth and national development.
This document is a newsletter from Q3 2013 that includes the following articles:
- An introduction that looks back at the market recovery since the Great Recession and lessons for investors who stayed invested versus those who withdrew during the downturn.
- An announcement for a holiday party in December 2013.
- An article discussing how dire predictions often don't come true and investors should focus on positive economic factors.
- A piece about managing retirement accounts held outside of the main brokerage to get a full view of clients' finances.
- A section touting the strong economy and job growth in Houston, Texas.
- A brief discussion on whether it's a good time to start investing now rather
The document discusses globalization and its impacts. It begins by defining globalization as the closer integration of countries through reduced trade barriers and costs of transportation and communication. It then outlines some of the major international institutions involved in governing globalization, including the IMF, World Bank, and WTO. The document also discusses some of the opportunities and threats presented by globalization, such as increased inequality, environmental impacts, and threats to cultural diversity. It raises issues about the appropriate level of global regulation and discusses Joseph Stiglitz's critique of how international institutions have pursued globalization.
This document discusses the marketing environment and its impact on companies. It describes the microenvironment including a company's departments, suppliers, and marketing intermediaries. It also covers the macroenvironment, including customer markets, competitors, demographics, economics, natural environment, technology, politics, and culture. Key trends in each area are explained like population growth, generational differences, income distribution, resource scarcity, and technological change. Companies must understand these environmental forces to effectively serve customers and can choose to reactively adapt or proactively manage their environment.
Sustainable Future: Towards 9 Billion A Vision For Positive Change;
How might we build a sustainable future using the tools of today's business, economics and capitalism?
Our Towards 9 Billion vision, published in Revolve Magazine, outlines how we could be positive about a future that works for all of us.
The document discusses several trends that will impact business in the future, including the aging population, rise of niche markets, importance of technology and social media, and shift to more flexible work arrangements. It also discusses the rise of "Karma Capitalism" where businesses are focusing more on social and environmental values. The key takeaways are that businesses need to adapt to change, focus on their core operations and efficiencies, educate customers, and maintain transparency and human connections to succeed in this evolving landscape.
A brief introduction to globalization of the worldArvinCruz18
The document discusses the transformative impact of globalization. It explores how globalization has interconnected economies, cultures and societies through trade, technology and communication, reshaping how businesses and individuals operate internationally. While globalization presents opportunities like access to new markets and cultural exchange, it also poses challenges such as economic inequality and environmental degradation. The document argues that navigating globalization requires strategies like embracing diversity, innovation and sustainable practices.
This document discusses impact investing and illume's plans to produce a documentary series on the topic. Impact investing aims to generate financial returns while also creating social and environmental benefits. Illume has secured the rights to stories and guidance from impact investing pioneers Jed Emerson and Antony Bugg-Levine. The proposed series will appeal to millennials and women by highlighting powerful human stories and illustrating how impact investing can help address issues like poverty and climate change. Illume will draw on past critical successes and trust relationships in the industry to create a compelling, impactful television series on this emerging field.
Based on Erik Reinert, How Rich Countries Got Rich ... and Why Poor Countries Stay Poor (2007), London: Constable, Chapter 8: “Get the economic activities right”, or, the Lost Art of Creating Middle-Income Countries. Further discussion on how to make upper-middle income county out of middle-income trap. And how to synchronize different aspect on developmental policy in modern era.
The document discusses emerging markets and argues they represent the biggest growth opportunity in capitalism. While 2015 saw capital flee emerging markets for the first time since 1988, the long term fundamentals remain strong due to factors like population growth and a rising consumer class. McKinsey estimates the economic opportunity in emerging markets to be $30 trillion. The document notes emerging markets have accounted for 75% of global GDP growth since 2009 and that emerging market GDP now surpasses that of developed nations.
How To Deal With Disruption and How To Thrive In A Disruptive AgeFahri Karakas
We live in interesting and accelerated times. No professional today, whether in the public or private sector, can afford to be unaware of the pace of changes surrounding them. The pace of business change happening around us is relentless. The global forces of competition, innovation, and new technologies are creating new markets while eliminating others.
Multidimensional technological forces involving automation, 3D printing, augmented reality, machine learning, Industry 4.0, internet of things, and blockchain are rapidly transforming the future of work, organizations, and jobs.
We are at the beginning of the fourth industrial revolution. Developments in machine learning, robotics, nanotech, biotech, and 3D printing are all building on and amplifying one another. Technology is disruptive and it keeps transforming workplaces, business practices, and work processes. Companies are trying hard to survive — the only way to survive is to adapt, change, and innovate fast.
Companies are hungrier for smart ideas and innovations than ever before because they know they will go extinct unless they learn, improve, evolve, accelerate, and create constantly.
89% of Fortune 500 companies from 1955 are not on the list in 2014. The average age of a company listed on the S&P 500 was 67 years old in the 1920s. Right now this age is 15 years only and it keeps going down. In 2028, 40% of all S&P 500 companies are expected to disappear from this list. Similarly, 75% of S&P 500 firms are estimated to be replaced within 15 years.
In 1996, Kodak had nearly 150 thousand employees and $28 billion market cap. In 2008, the whole market was gone. The invention of digital cameras eliminated traditional camera businesses. A company that is not trying to disrupt itself is destined to be disrupted.
We are experiencing a digital revolution and the industrial paradigm is over. Mass production is becoming obsolete and 3D printers are replacing factories. Companies work in virtual networks and remote work is the order of the day.
Products are bought on demand and they are customized by default. We do not need huge scales of economy, organization charts, hierarchies, factories, standardized exams, or large production floors anymore.
We do not need cable TV, mass-market, and broadcast advertising. We are now experiencing a borderless, democratized, digital world where each individual can have a huge impact.
We can now create our own game in this world. We can design games, create our own blogs or podcasts or YouTube channel or raise funds on Kickstarter. We can write a book and explain ourselves to the world. We can create fresh and exciting digital products (training, courses, etc.) We live in a world where ideas can change people’s lives. This means all of us can create our own game.
It is impossible to imagine that the skills needed at work will remain the same in the new decade. The world is changing fast and we need to learn, re-invent, and disrupt ourselves every day.
Similar to Global Sourcing - Challenges & Opportunities by David Kinnear, Lisnagol Global Services (18)
How To Deal With Disruption and How To Thrive In A Disruptive Age
Global Sourcing - Challenges & Opportunities by David Kinnear, Lisnagol Global Services
1. Meeting the Challenges of Global & Emerging Market Sourcing David T Kinnear CEO, Lisnagol Global Services Founder, The Global Sourcing Council January 26, 2009 www.lisnagol.com
8. Exploring Global Sourcing Trends: A 3-5 Year Outlook David T Kinnear CEO, Lisnagol Global Services Founder, The Global Sourcing Council January 26, 2009 www.lisnagol.com