How Disruptive Can China Be?
by Bill Fischer & Denis Simon

Posted on 1 CommentPosted in 8th Global Peter Drucker Forum

“China is the world’s second largest investor in R&D with a forecast spending of $396.3 billion for 2016.” It will spend 20.4% of the world’s R&D budget in 2016, compared with the U.S.’s 26.4%. There should be no doubt that China believes in S&T, R&D and innovation!  But, how disruptive have China’s investments in innovation been, and what can we expect for the future?   For some industries in the West, this question will appear somewhat ridiculous. The American textile and apparel industries, for example, will tell you that the evidence is found in the blood on the floor – their blood, on what used to be their floor. Similarly, American and European metals industries […]

The End of Expertise
by Bill Fischer

Posted on 3 CommentsPosted in 7th Global Peter Drucker Forum

What if what you know didn’t matter anymore? What if knowledge became a commodity? What if everyone could be an expert?   Far-fetched, you think? Well, in fact, the what if is no longer speculative; it is here already. Talk to people in such professional service industries as: private banking, auditing, consulting, even engineering, and you begin to hear concerns about the commoditization of professional knowledge. A consulting civil engineer [the field in which I was first educated, and still find so deliciously complex] admitted to me that much of what you need to know in that field is on line, and that their corporate clients were a new breed who didn’t so much want what […]