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- Herausgeber: Business Book Summaries
- Kategorie: Lebensstil
- Sprache: Englisch
The must-read summary of Stan Davis and Bill Davidson's book: "2020 Vision: Transform Your Business Today to Succeed in Tomorrow's Economy".
This complete summary of the ideas from Stan Davis and Bill Davidson's book "2020 Vision" shows that companies are under pressure to constantly update themselves and their products to keep up with adjustments in technology. Over the next 30 years the challenges that face today’s businesses will be so dramatic that they will have to make extremely creative and bold changes to keep ahead of their competition. In their book, the authors help you to take a critical look at your company and identify ways to create a sustainable infrastructure for growth and survival. This summary is a must-read for anyone who wants to know more about what the future has in store for the economy.
Added-value of this summary:
• Save time
• Understand key concepts
• Expand your knowledge
To learn more, read "2020 Vision" and find out more about the evolutions of the economy and what you can do to ensure future business success.
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Seitenzahl: 36
Veröffentlichungsjahr: 2013
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Book Presentation: 2020 Vision by Stan Davis and Bill Davidson
Summary of 2020 Vision (Stan Davis and Bill Davidson)
Book Presentation: 2020 Vision by Stan Davis and Bill Davidson
Book Abstract
Main Idea
By the year 2020, the way everyone lives and makes a living will be totally transformed by information technology and biotechnology.
Any company which is not continually adjusting the way it does business, the way it uses new technology and the products offered to customers runs the risk of becoming uncompetitive.
In fact, if you are in the same business doing the same things you currently do five to ten years from now, you are likely to be on your way out of business altogether.
Important Note About This Ebook
This is a summary and not a critique or a review of the book. It does not offer judgment or opinion on the content of the book. This summary may not be organized chapter-wise but is an overview of the main ideas, viewpoints and arguments from the book as a whole. This means that the organization of this summary is not a representation of the book.
Summary of 2020 Vision (Stan Davis and Bill Davidson)
1. Just Past Growth, Still Short of Maturity
Main Idea
Everyone is aware that we are living in an information age. But the information economy actually began in the mid-1950s, and by the 2020’s will have come to an end. The essentials of every business are undergoing such major change that if you are in the same business five to ten years from now, you are likely to be on your way out of business altogether.
Supporting Ideas
The information economy is already half way through its life cycle. It began in the mid-1950’s and will have ended by the 2020’s.The information economy will be replaced by the bio-economy.What will the bio-economy be like? Consider the “Smart Toilet”. This machine operates as a paperless toilet using warm water to clean and warm air to dry. The seat is kept warm in the winter, and while you sit on it, the toilet is measuring your temperature, weight, blood pressure, pulse and analyzing your urine to detect any vitamin deficiencies in your diet. This is an example of the coming bio-economy and its products. More than 5 million smart toilets have already been sold in Japan.
The information economy being no longer dominant will not slow the growth of information-related services.When the industrial economy replaced the agricultural economy, farms did not go away. It simply meant that industry grew at a much faster rate than farms.
Similarly, the flourishing information economy becoming dominant means that those companies associated with information processing are growing at a much faster rate than companies in other fields. Any business can either use that fact to their advantage or get left behind.
If you are in the same business in five to ten years time that you are in now, you will most likely be out of business altogether.Today, information-based enhancements are revitalizing existing businesses and transforming them into new ones. Information has become the core for growth and rejuvenation. However, the trick lies not in focusing on information itself but on the consequences of information in your own business.
The economic value of generating, using and selling information is increasing at a faster rate than the value added by traditional goods and services. Increasing the information content of any product or service produces a smart version which will yield better profits. All businesses must become increasingly smarter or yield to better informed competitors.
Increased value for any product comes by incorporating information features and functions. New intangibles, such as choice, variety and service creates smart products. The more information put into a product creates new opportunities that often far exceed the original purpose.
An interesting factor is that marginal improvements won’t be enough to stay competitive. Your competition will be taking advantage of new opportunities to achieve 100%, 300% and 500% improvements.
