Advertise with fastmoving.co.za
 
 

Sean Culey
Sean Culey

Disruptive, digital era demands new business models

MARKETING NEWS

Issued by Express Communications, on behalf of SAPICS - Sep 14th, 08:29

In 1980, the average life expectancy of a firm in the Fortune 500 was around 38 years. Today, it is less than 15 years and declining all the time, says Sean Culey, a globally recognised business transformation expert and author. He believes that companies aiming to thrive in the new, disruptive, digital era must transform their business models. 

“In this world of ever-increasing change and digital disruption, the so-called ‘VUCA’ environment, the need to be able to move and adapt at pace has never been more pressing. Today, the world’s largest transport company owns no vehicles, the world’s largest retailer holds no inventory, the largest accommodation provider holds no real estate, the world’s largest movie provider has no cinemas, and the largest telecommunications companies own no infrastructure. A company that developed an app that allowed people to hail cars became worth more than the companies that manufactured the cars. This is our world in transition, and businesses that do not transform will find that their lunch is about to be eaten by nimbler, hungrier and infinitely more agile competitors,” Culey warns.

In his latest book, “Transition Point – from Steam to the Singularity”, Culey examines how technology has transformed the world and why what comes next is critical. The eagerly awaited book’s global launch coincides with Culey’s visit to South Africa next month (October). He will share his insights and advice at a “masterclass” hosted by SAPICS, The Professional Body for Supply Chain Management.

“Sean received rave reviews when he spoke at the 2017 SAPICS Conference and was a double award winner at the event. We have been inundated with requests for him to return to South Africa,” comments SAPICS president Mungo Park.

This event takes place on Wednesday, 24 October. Every registrant will receive an electronic copy of Culey’s new book.

 

Related News

Connecting in a new ad world
14/11/2018 - 13:59
In a constrained economy, and to remain relevant and keep ahead of the game, advertising agencies need to do things out of the ordinary. That’s the opinion of Mariana O’Kelly, executive creative director at Ogilvy SA, the recent winner of the Sunday Times Top Brands awards’ Robin Putter prize.

Massmart battles one of the worst retail environments yet in SA
13/11/2018 - 14:10
Massmart, which is 51% owned by US giant Walmart, is battling one of the worst retail environments yet it has seen in SA, chair Kuseni Dlamini says.

Tips for marketing your startup without a budget
09/11/2018 - 14:18
Launching your startup idea can be an absolute dream come true. But once you’ve let the cat out of the bag and need to start attracting new clients, you need to be able to market your startup to the best of your ability.

SA e-commerce up by 25%
09/11/2018 - 09:23
The city is leading the e-commerce space in South Africa with 10 of the most visited online retailers based in the City.

9 Black Friday and Cyber Monday tips to help boost sales
06/11/2018 - 14:09
Black Friday and Cyber Monday are famous for huge deals and steep discounts. That’s why participating in these days can seem like a big retailer’s game.