Global Business

We have been discussing the Disruption in every industry in recent episodes. Today we have a very special guest, Professor Lalit Johri from the University of Oxford's Said Business School, talking with Global Business host Mahesh Joshi and our series guest, Gaurav Rastogi. Our guest this week brings us the perspective of a 1000+ years old University, and shows us how Universities must perform a dual role- one of transferring functional knowledge or technical skills, and another as seats of cultural learning. The importance of un-learning through peer-dialogue is pointed out emphatically in these times of rapid change. There has been a lot of innovation on imparting technical knowledge through new media, but education institutions must also continue innovate on their roles as culture and values bearers for the societies they work in.

Listen to an intriguing discussion on the role of failure on the road to success. Companies that try too hard to avoid failing inevitably crash and burn. Adopting a positive attitude towards work and failure allow us to make the most of opportunities. This week Gaurav Rastogi and the host, Mahesh Joshi, are talking about how to think of work as a "Failure Gym". Just as we go to the gym to build our muscle tone and strength, we should use the power to fail as a way of building our strength. That's what we learn from Jack Ma, Elon Musk and Jeff Bezos- you can continue failing until you succeed.

For peak performance as a leader, get out of the yoga studio, and learn to become a Corporate Yogi. The future of human work is the subject of this week's discussion. In the age of distraction and destruction, as we discussed previously, the new model of the Corporate Yogi is filled with hope for the future of humanity. While others despair about the dystopia that technology will unleash, Gaurav and Mahesh are talking this week about how all the technology will finally give us time to pay attention to knowledge work that really matters.

Oil industry is under sharp focus. There is a lot of narrative for the increased role of renewable energy, and impact of Electric vehicles and self-driving vehicle on oil. All of these indicate a hard time for oil. With the focus on environmental issues and clean energy, is it the end of Oil? One could also say that Oil is also renewable energy. It just takes longer to renew.

Humans build culture and develop innovative technologies. What causes the distraction and disruptions which we are seeing now. Listen to the expert on March 21st 2018 at 9.00AM pacific time in discussion on the relationship of Human, culture, and Technology in causing disruption.

Leadership in the age of Distraction and Destruction has become very challenging with the old paradigms and time tested concepts being challenged, destroyed and replaced by new thinking. Several elements are creating a change in the management and leadership style. Rise of new media has created new media stars and a different and direct way of communication. It is allowing instant communication between the communicator and the receivers with open channel for communication both ways and that too can happen in full public glare where others can watch it and jump in at their will. Old play books for success are getting replaced with new innovative ideas. Old and ever successful companies are struggling to catch up with the growth rates of new innovative businesses. The new forms of power are emerging with new models of engagement and the New math. What should a leader do?

Goldman Sachs identified the "Next 11" (N-11), countries in 2005, as the next in line to become economic powerhouses. The main criteria used to identify these countries was the stability of the countries' politics and fiscal and monetary policy. The other factors were the amount of trade barriers each country imposed and Quality of education in each country. They have large growing young population. In future can these eleven countries become as influential as the BRIC'S, particularly in the investment sector, and acquire a significant share of global GDP. With their size and differences in these countries, will it be possible for the N-11 to cooperate as closely together as the BRIC'S and be the next source of growth of Global GDP.

Destructions in the age of Distraction is becoming quite prominent. The old paradigms and time tested concepts are being challenged, destroyed and replaced by new thinking. Geo political shifts with rising Nationalism are creating a possible crises for Globalization. New Start-ups are replacing the Industrial giants as the top market companies. The question in every ones mind is What are these destructions and how they impact us all.

The Industrial Age is over. Some argue that we are entering the Fourth Industrial Revolution, while others call it the Information Age or Digital Age. But my guest today has convincing evidence that the right name for our times is "The Distraction Age".

In 2001 the world began talking about the BRIC countries - Brazil, Russia, India and China - as potential powerhouses of the world economy. The term was coined by economist Jim O'Neill, who has now identified the Mint countries - Mexico, Indonesia, Nigeria and Turkey - as emerging economic giants. Another term in play is TIMP's As was the case with BRICS, and is with MINT, term TIMP's came from the investment community. Bob Turner, the chief investment officer at Turner Investment partners in USA coined the term TIMP's. He was convinced that these nations have favourable demographics, the economies are strengthening and so are the political institutions. These economies have qualities that should keep them and their stock markets expanding rapidly and profitably. Listen to the discussions with Dr Celly on next growth markets. Will it be TIMP or MINT?