LBR LBO Enterprise Summit 2015 – Sri Lanka – “Technology Drives Disruption: Embrace or Face Extinction” – 14 July 2015

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Topic: Sri Lanka – Technology Drives Disruption: Embrace or Face Extinction
Date/Time: Tuesday 14th July 2015 | 0845 - 1800 Hrs
Venue: Oak Room, Cinnamon Grand
Host: Lakshaman Bandaranayake | Founder, Publisher | Lanka Business Online [LBR LBO]
Inquiries: Lakshaman Bandaranayake | lakshaman@lbo.lk | 071 176 0167 or 072 776 0167 Nimalka Karunatillake | nimalka@lbo.lk | 071 466 0060 General | summit@lbo.lk
Registration fee: Rs 12,900/= per participant, 5% discount for groups of 5 upto 9 and 10% discount for groups of 10 or more
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The reason why it is so difficult for existing firms to capitalize on disruptive innovations is that their processes and their business model that make them good at the existing business actually make them bad at competing for the disruption.   - Clayton Christensen
DISRUPTION - A SOURCE OF NEW VALUE AND COMPETITIVE ADVANTAGE Disruption is not new to civilization. Since the dawn of civilization, human beings have experienced disruptions of both natural and anthropogenic origin. Natural history and the history of human civilization provide abundant examples of disruption: geological, ecological, social, political, and technological. Disruptions in social, political and economic orders have helped civilization move forward. Agricultural, technological, and economic innovations have pulled nations out of the “Malthusian Trap,” and hundreds of millions of people out of abject poverty. During the final quarter of 20th century the term “disruption’ began to dominate conversations on corporate strategy. Every other new start-up looked towards developing new technologies to disrupt existing businesses. The traditional, century-old businesses were told that they were sitting ducks and would soon fall victim to disruptive technologies developed by competitors emerging from unforeseen and unexpected domains. “Disrupt, or be Disrupted” became not just a venerated corporate slogan but a strategy for survival. Disruption could often be destructive, but managed well disruption could be a rich source of new value in business. Today, “business disruption” is no longer considered to be a fleeting trend, but the “new normal”. The digital technology that exploded during the last twenty years brought in a new era in human civilization. The advent of digital technology has accelerated the pace of technological disruptions exponentially. Termed “Digital Renaissance” by Carly Fiorina, a Presidential hopeful and former Chief of HP, this explosion swept the world, crossing physical boundaries, empowering people, and bringing new lease to a host of industries. The social, political, and economic fabric of society has been altered dramatically in less than two decades. The technology-powered disruption coupled with the forces of globalization has played a catalytic and accelerating role in bringing unprecedented new value- to customers, community, and shareholders. The power of technological disruption has been most visible and impactful in the economic behavior of people. The way people share information vital to their economic behavior and the way they buy and consume are fast changing. The way enterprises manage their supply chain and value chain, engage stakeholders and create value has been undergoing radical changes. Technology has facilitated the emergence of new business models, which offer greater value than the existing ones. Some corporates fell victim to technological disruption while others thrived. Those who thrived were the ones who built new value propositions and business models to delight customers and other stakeholders. Digitally mature companies such as Google and Amazon as well as recent entrants such as Airbnb and Uber, build new business on ubiquitous digital technologies. They leverage digital technology to challenge traditional industries. They brought new value to convenience, “enriched user experience,” and economy. What is interesting to note is that these companies didn’t necessarily invent new technologies. They leveraged existing technology to build new business models. The undeniable reality is that at any given time your company is most likely either disrupting other companies or being disrupted by a competitor you may have never seen before. Technology has brought new dimensions to human connectivity, subjected political structures to severe stress, and altered the center of power by decreased information asymmetry. The digital age has obliterated the scripted, one-way flow of information that existed during the past era, which had the message propagating power concentrated among a few. The challenge Sri Lanka’s industry faces today is how best to protect itself from disruptions that could threaten its economic future, how to build new business models to move the whole economy up in the value chain, escape from the middle-income trap, and propel itself to the level of a high-income economy. The 2015 edition of LBR LBO ENTERPRISE SUMMIT is dedicated to understanding how technology is impacting the consumer, business, and economy in an unprecedented manner, and how enterprises should embrace and also respond to technology driven, globalized and rapidly evolving business disruption. SUMMIT SESSIONS 
  1. Business Leaders Round Table- Business Model Disruption is Here, Are you Ready?
  2. Leadership Competencies for Disruptive Innovation.
  3. The Power of Customer Centric Disruptive Innovation.
  4. Understanding and Enhancing Customer Experience Using Digital.
  5. Building Disruptive Business Models: Opportunities & Challenges.
LBR LBO ENTERPRISE SUMMIT: EXPLORING NEW ENTERPRISE FRONTIERS LBR LBO Enterprise Summit, hosted by Lanka Business Online (LBO), is the premier conference in Sri Lanka dedicated to discussing new frontiers in enterprise leadership and management and application of enterprise scale technology. Each year some of the best brains in the region and country take the stage to enlighten an audience of over 250 corporate executives with their experience and expertise. The leading local companies whose senior executives have taken part in LBR LBO events include: Hayleys, John Keells, Hemas, Aitken Spence, MAS, LOLC, Softlogic, Brandix, Hirdaramani, Dialog, SLT, Etisalat, Colombo Dockyard, JL Morrison, CBL, DSI, WSO2, Sunshine Holdings, Ceylon Brewery/ Carsons and many others. The international organizations which are represented at the LBR LBO events include: 3M, Google, Microsoft, IBM, ORACLE, SAP, EON Hewitt, Fonterra, Unilever, MIT, AIA, Virtusa, A C Nielsen, JWT, LMRB, Fonterra, HSBC, IMF and Standard Chartered among others.
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Nayanika Sureshni
Nayanika Sureshni
9 years ago

how can we download presentations?

lbolbr
lbolbr
9 years ago

Presentation can be downloaded from LBO.lk