We will be back, however, after the holidays with an array of interesting news.
Summer is a great time for book lovers to catch up on their reading. The Library’s 2019 Summer Reading List is brimming with many of the latest business best-sellers. Find a selection of refreshing stories about business success to inspire new generations of leaders, entertaining and enlightening books on the trends that are radically transforming business or inspirational tomes on the potential for human progress.
Have a pleasant holiday and enjoy your reading!
Read the full Library Newsletter N. 80: Best Summer Reading
This practical framework helps organizations identify the value of blockchain technology and build a corresponding business case. Co-designed with Accenture, the Blockchain Value Framework is the second in a series of white papers for organizations to better understand that blockchain technology is a tool deployed to achieve a specific purpose, not a goal in itself. This new framework provides organizations with the tools to begin measuring blockchain’s value, including key questions to consider. It is the first visual roadmap of its kind and is based on a global survey of 550 individuals across 13 industries including automotive, banking and retail, public-sector leaders, CEOs and an analysis of 79 blockchain projects.
Read the full paper here.
More info about the first paper.
The Global Innovation Index (GII) is a source of insight into the multidimensional facets of innovation-driven growth. Providing 80 detailed metrics for 129 economies, the GII has become one of the leading references for measuring an economy’s innovation performance.
Now in its 12th edition, the GII is a global benchmark that helps policy makers better understand how to stimulate and measure innovative activity, a main driver of economic and social development. The GII 2019 ranks 129 economies based on 80 indicators, from traditional measurements like research and development investments and international patent and trademark applications to newer indicators including mobile-phone app creation and high-tech exports.
The GII 2019 also looks at the economic context: Despite signs of slowing economic growth, innovation continues to blossom, particularly in Asia, but pressures are looming from trade disruptions and protectionism. Sound government planning for innovation is critical for success, the report shows.
The GII 2019 theme is “Creating Healthy Lives – The Future of Medical Innovation.” Through a healthcare theme section and 16 chapters from notable contributors, the GII 2019 looks at how medical innovation, including the use of artificial intelligence (AI), genomics, and mobile-phone based health applications, will transform the delivery of healthcare.
Switzerland is the world’s most-innovative country followed by Sweden, the United States of America (U.S.), the Netherlands and the United Kingdom (U.K.), according to the report, which also identifies regional leaders India, South Africa, Chile, Israel and Singapore, with China, Viet Nam and Rwanda topping their income groups.
You can view the full Global Innovation Index 2019.
The report includes size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic forecasts.
The profile also contains descriptions of the leading players (in this case: G4S plc; Securitas AB; ADT Inc & Allied Universal Security Services) including key financial metrics and analysis of competitive pressures within the market, making use of the Five Forces analysis.
The fulltext of the report is available on the web to students, professors, research assistants and staff of the IESE community.
The Joint Research Centre of the European Commission has recently launched the following Working Paper: “What are the policy options? A systematic review of policy responses to the impacts of robotisation and automation on the labour market” by Zoltán Cséfalvay.
Three main policy responses to the labour market challenges posed by robotisation and automation have emerged in the research literature. The first is ‘taxing robots’ and using this revenue to introduce a basic income that could offset the negative impacts of replacing humans by robots. The second option highlights the ownership of robots so that taking part in the new source of wealth is possible. The third focuses on strengthening the comparative advantages, the creativity, and the social intelligence of humans that robots will never be able to match.
All of these policy responses are supported by economic rationales and research findings but a systematic review shows that all of them raise further questions and challenges that should be carefully investigated in order to choose the right path. This paper offers a comprehensive overview of these questions. Furthermore, in a broader sense these policy options—redistributing the benefits of technological changes, increasing accesses to the benefits and utilisation of changes, and supporting the individual and institutional adjustment to changes—are relevant to every technological transformation. Hence, the lessons that are drawn from the current discussion of policy options driven by specific technologies, robotization, and automation might serve as a precursor to potential policy responses triggered by other technologies.
Read the full paper here.
There are 2,153 billionaires on the 2019 list, down from 2,208 in 2018. The total combined net worth of this year’s billionaires is $8.7 trillion, down from $9.1 trillion in 2018. This represents the first decrease in billionaires and their combined wealth since 2016 and only the second decrease in the past decade. A record 994 individuals are worth less than a year ago; last year only 360 members got poorer. The average net worth of this year’s billionaires is $4 billion, down from $4.1 billion in 2018. Of the total, 1,450 members are self-made.
For the second year running, centi-billionaire Jeff Bezos remained in the top spot, increasing his net worth to $131 billion, up $19 billion from 2018. Bill Gates, who held the top spot for the longest period of time, remained in the No. 2 position with a fortune of $96.5 billion, up from $90 billion last year. A rise in Amazon’s stock price pushed up Bezos’ net worth, further widening the gap between the top two richest, now the largest since 2001. Warren Buffett’s net worth fell by $1.5 billion to $82.5 billion but secured him the No. 3 spot. Bernard Arnault, held onto his position as the fourth-wealthiest person in the world by increasing his fortune to $76 billion, up $4 billion from the previous year; he remains the richest person in Europe for two years running. Rounding out the top five is telecom magnate Carlos Slim Helu of Mexico, who ascended two spots on the list despite a decrease in net wealth of over $3 billion. Facebook CEO Mark Zuckerberg notably dropped three places to No. 8, as his fortune fell by $8.7 billion.
Kylie Jenner, at 21 years old, made the 2019 Forbes Billionaires list for the first time. Jenner is the youngest billionaire in the world and the youngest self-made billionaire of all time.
You can view the full rankings and related stories at Forbes’ website.
The report is available from the Mckinsey website
Amazon has leap-frogged the competition to be crowned the BrandZ Top 100 Most Valuable Global Brand for 2019, breaking Apple and Google’s 12 year hold on the top spot. Amazon’s smart acquisitions, that have led to new revenue streams, excellent customer service provision and its ability to stay ahead of its competitors by offering a diverse eco-system of products and services, have allowed Amazon to continuously accelerate its brand value growth.
Technology companies have led BrandZ’s Top 100 ever since its first global brand value ranking in 2006, when Microsoft took the top spot. Rising in brand value by an impressive 52% year-on-year to $315.5 billion, Amazon moves ahead of Apple (no.2, $309.5 billion) and Google (no.3, $309.0 billion) which both rose by a modest +3% and +2% respectively, to end the technology giants’ 12-year dominance.
In the Top 10, Facebook remained at no.6 while, for the first time, Alibaba overtook Tencent and became the most valuable Chinese brand, moving up two places to no.7 and growing +16% to $131.2 billion. Tencent dropped three places to no.8, declining by 27% to $130.9 billion year-on-year, in what BrandZ ascribes to a more volatile world; one in which brands must continually anticipate evolving consumer needs and expectations.
As other social media platforms face challenges in terms of trust and desirability, Instagram (no.44, $28.2 billion), now with over 1 billion users worldwide, emerged as this year’s fastest riser climbing 47 places with a massive +95% growth in brand value. Lululemon, the yoga-inspired, athletic apparel company was the second fastest riser, stretching to +77% growth year-on-year to $6.92 billion.
Other top risers, such as Netflix (+65%, no. 34, $34.3 billion), Amazon (+52%, $315.5 billion) and Uber (+51%, no.53, $24.2 billion) reflect the rapidly changing, technology-driven world in which consumers are placing more value on richer brand experiences.
Both the complete ranking and the report are available from the Millward Brown Optimor website.
This report proposes an innovative focus on cybersecurity incentives for the investment community. Investors in innovation and technology-driven companies have a responsibility to ensure that cybersecurity is given priority in the early stages of product development. By ensuring cybersecurity from the outset – including features like security-by-design and security-by-default – investors can increase the likelihood of company success in the long term, promote more durable technology and improve overall cyber resilience. This report proposes principles for investors that will raise their internal cybersecurity awareness and offers a complete framework enabling investors to assess the cybersecurity preparedness of their target company.
Download the full text here.