I then deal briskly with a series of slides that are intended to focus on how managers in any organisation need to be wary of complacency and be aware of how significant changes that have not been predicted can suddenly emerge in the marketplaces that they serve.
Consider the impact of digital technology on cameras and companies such as Kodak that had been providing films for cameras for decades. This is an example of disruptive innovation, a phrase first used in 1995 by Joseph Bower and Clayton Christiansen of the Harvard Business School. Companies that continue to use the older technology run the risk of being left behind if they do not adopt the innovation at the right moment.
Consider the impact of digital technology on cameras and companies such as Kodak that had been providing films for cameras for decades. This is an example of disruptive innovation, a phrase first used in 1995 by Joseph Bower and Clayton Christiansen of the Harvard Business School. Companies that continue to use the older technology run the risk of being left behind if they do not adopt the innovation at the right moment.
The public persona of Richard Branson gives an opportunity to consider briefly the characteristics, personal qualities and attitudes to risk taking of individuals who may be perceived as entrepreneurial and sources of disruption in different sectors of the economy.
3D printing is emerging as a potential disrupter of established manufacturing processes, with potential to reduce costs and speed up the development of new products through the prototype stage.
Ports around the world used to be very labour intensive. Ships would be in port for at least several days while they were being loaded or unloaded.
Malcolm McLean developed shipping containers; his innovation speeded up the loading and unloading and reduced the amount of time ships had to spend in port.
Captain Phillips is a recent film that draws attention to the size and complexity of modern shipping and the role of the container in international trade.
Malcolm McLean developed shipping containers; his innovation speeded up the loading and unloading and reduced the amount of time ships had to spend in port.
Captain Phillips is a recent film that draws attention to the size and complexity of modern shipping and the role of the container in international trade.
Michael O'Leary of Ryanair, like Stelios Haji-Ioannou of easyJet, has been responsible for significant changes that have disrupted markets traditionally served by flag carrying national airlines.
(Consider how an unnamed low cost airline sets its prices.)
(Consider how an unnamed low cost airline sets its prices.)
Richard Susskind, a lawyer, has been observing for several decades how word processing and then the internet have had an impact on the legal profession, especially as consumers of legal services begin to question more and more the costs of the professional advice they receive.
From his website:
'His passion is the modernization of the practice of law and the administration of justice. His belief that the professions and justice systems should be modernized underpins most of his activities as an advisor and commentator.'
From his website:
'His passion is the modernization of the practice of law and the administration of justice. His belief that the professions and justice systems should be modernized underpins most of his activities as an advisor and commentator.'
The Nobel Peace Prize 2006 was awarded jointly to Muhammad Yunus and Grameen Bank "for their efforts to create economic and social development from below".
Muhammad Yunus, an academic economist in Bangladesh, has explored the role of micro-finance in helping people living in rural communities, and especially women, to set up entrepreneurial businesses to serve the local communities where they live.
His Nobel lecture has been much admired.
Muhammad Yunus, an academic economist in Bangladesh, has explored the role of micro-finance in helping people living in rural communities, and especially women, to set up entrepreneurial businesses to serve the local communities where they live.
His Nobel lecture has been much admired.