While there are exponential leaps in 5G connectivity, quick accommodation of virtual work and availability of remote services online, we’re not at the point of full adoption yet. Many virtual organizations weren’t really technologically ready from a security perspective for example. And many banks still don’t provide banking statements electronically longer than 3 months ago. What’s happening? Technology creation evolves faster than technology adoption. The push for digital transformation should really be considered digital evolution.As an active member of the tech community, Amy Karam shares how you can make small, ongoing incremental changes to evolve on your way to digital transformation.The new work paradigm has opened eyes of employees and employers to new options and infrastructure requirements. Customers are also now aware of different ways to be serviced remotely – is your institution ready to do that? Gain a competitive edge by digitizing your customer fulfillment strategy – won’t take much to get ahead of others as you continue to evolve.
- How it affects you directly at home.
- Competitiveness in trade – IP theft; lower cost alternatives to your goods/innovation etc
- Supply chain of critical goods
- Manufacturing dependency overseas, vs domestically, results in delay in satisfying demand, higher prices, and a shift in income distribution sources.
- Cybersecurity threats
- The West has been resting on its laurels and its ‘innovation advantage’ status from past decades.
- Being the best is static – becoming better (like emerging competitors are) is growth
- West has been naïve about collaboration with and knowledge transfer to emerging countries like China and others – now they are surpassing us in some areas.
- What was really behind the lobbying of other countries to ban Huawei, other than national security concerns?
- We need to shift mindset from innovation R&D to innovation commercialization – intellectual to monetization mindset. Is Canada just too comfortable? Are we looking at true Business Model Innovation?
Drawing on content from her best-selling book, The China Factor, Karam equips Western audience with a practical framework for competing successfully in today’s ever–changing global markets.
Based on customers in over 50 countries, and Karam’s experience competing with Huawei when she led a competitive intelligence and sales support program at Cisco, you will learn why a premium product, may not be the key to winning business in foreign markets, and you’ll discover the new critical factors that contribute to success in both established and emerging markets. Disruptive competitors are transformed from threats to examples as you learn to recognize opportunities for re–evaluation, and shift your strategy to stay ahead of the curve.
- How to become innovative in how you do business globally
- How your business can become innovative at innovation