Behind the scenes of the world’s leading industrial and manufacturing companies, a profound digital transformation is now underway. While terms like the industrial internet or digital factory are also used to describe the journey industrial companies are taking towards a complex value chain transformation, the term ‘Industry 4.0’ stands for the fourth industrial revolution and focuses on the end-to-end digitization of all physical assets and integration into digital ecosystems with value chain partners.
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Innovation is the cornerstone of enterprise today as businesses compete in their ability to provide unique service offerings and value to the clients they serve. Yet, innovation without purposeful planning, strategic dialogue and targeted implementation is costly, non-effective and disruptive. Alexandre will highlight the concept of purposeful innovation and link the strategic and tactical dialogue to the unique trends and needs that are facing wealth advisors today and will continue into the future.
Consistent with the World Economic Forum’s mission of applying a multi-stakeholder approach to address issues of global impact, The Future of Financial Services Report completed in June 2015 provides insight into how disruptive innovations are reshaping the way financial services are structured, provisioned and consumed. Michael Drexler and Jesse McWaters will share insight into the transformative potential of new entrants and innovations on business models in financial services.
As research continues to validate the need for cultural alignment within families as well as between families and the advisors who serve them, there is continued need for effective assessments that measure culture and clear approaches to manage sustainable change.
A growing number of enterprising families in the US are showing an increased interest in participating in direct investments of all sizes. A segment of this interest is sparked by entrepreneurial family values, and the disappointing correlations between asset classes that occurred during the 2008-2010 timeframe.
It’s tempting to imagine the computer systems as airtight vaults, impenetrable and immune to cyberattacks. But this would be a risky move. In reality, IT infrastructure is more like a porous sponge with gaping holes where data can leak when things don’t go according to plan: a staff member might lose a laptop, a system might experience a configuration error, or sensitive information might accidentally be published online.
All companies hit bumps along the road to growth, bumps that usually have less to do with external factors like the industry and marketplace and much more to do with the natural way organizations evolve. The most successful organizations and enterprises plan ahead. They have the foresight, and they proactively make the proper organizational changes to accelerate them through the four phases of the business life cycle: startup, growth, maturity, and decline. There are seven critical factors to help navigate the transition and reignite growth.
Compliance with employment law is increasingly complex and the issues are ever-expanding. It may seem as though three new regulations surface for every one that you’ve tackled. While no one has a compliance crystal ball, the Society for Human Resource Management has identified a top 10 list of Employer compliance issues for 2016. In this session we discussed the issues on this list and give you strategies to handle them effectively.
Statistically, every day 10,000 Baby Boomers will reach the age of 65, a phenomena that will occur daily until 2029. And, according to the Small Business Administration, half of small business owners are currently over age 50. As a result, waves of small businesses will be sold or transitioned. When you couple these statistics with the emergent megatrend defining the wave of wealth transfer that will occur within the next two decades…it is time to formalize your comprehensive business succession plan.
Entrepreneurs assemble resources, create innovations, develop finance strategies and apply business acumen in an effort to create economic goods and services. The ultimate question is, “How do you instill these attributes in your rising generation?” Ann Dugan, who founded the University of Pittsburgh's Institute for Entrepreneurial Excellence, leads an exploration on how to create an entrepreneurial spirit in the rising generation.