The gig economy is full of disruptive technological darlings. Uber revolutionised how we used taxis, AirBnB changed the hospitality market forever, while Deliveroo has a substantial impact on how cities develop and change and how we use our city space. Their impact, we argue, is a consequence of one of their most important inventions: how to look like they’re […]
The effects of climate change have become increasingly palpable for the general public in recent years, with wildfires having destroyed large parts of the Amazon rainforest and the Australian bush, killing more than a billion animals. The attention on the topic, including the need to reverse the inexorable decline in biodiversity and promote sustainable livestock production, has been heightened […]
Underperformance in business is like a potentially serious illness. It’s imperative to identify it early, before it becomes insurmountable. Fortunately, our data-driven age provides an unprecedented richness of material for proactive leaders to sift in search of warning signs.
Once they recognise a red flag, however, what can managers do? After all, detection is one thing, and diagnosis another. Organisations’ […]
UK dividends paid out in 2019 reached nearly £100bn, an all-time high, with nine out of ten sectors raising dividend payouts (Darbyshire, 2020). At the same time, there have been numerous reports of companies such as Carillion, Thomas Cook, Woodford Investment Management, and BHS paying dividends that were unwarranted by underlying financial health.
Following the unprecedented effects of the Covid-19 […]
It’s likely that in the next few years, the wealth sector will experience dramatic change. The sector has historically been resistant to technology and change, with many practitioners very highly paid and very happy with the status quo. The upper end of the industry is characterised by strong personal relationships, high prices and a lack of transparency. But automation […]
The great American baseball sage, Yogi Berra, is thought to have once remarked: ‘It’s tough to make predictions, especially about the future’. That is certainly true, but thankfully the accelerating development and deployment of machine learning methodologies in recent years is making prediction easier and easier. That is good news for many sectors and activities, including microprudential regulation. In […]
Ensuring that their investment portfolio contribute to the long-term sustainability of the planet is one of the key challenges organisations face today. That means adopting prudent financing and a thoughtful investment strategy. But how can financial sector players go about doing that? Sustainable finance raises a lot of practical questions. Many initiatives have been launched to provide businesses with […]
Over the last decade, our approach to gender inequality in the UK workplace has remained relatively static. We’ve pitched the business case for change, tried to transform mindsets with diversity and unconscious bias training, and done our best to influence the leadership pipeline with development and mentoring programmes.
In 2017, I wrote about the urgent need to change tack. The UK’s Hampton […]
To say that the world is changing rapidly is an understatement. Climate catastrophe and that little thing called Brexit have been dominating the 2019 election.
These issues are important, but it might be a useful time to draw attention to another issue on the horizon that will play a fundamental role in our collective future – a fourth industrial revolution. This […]
The Age of Surveillance Capitalism: The Fight for a Human Future at the New Frontier of Power – Book Review
The Age of Surveillance Capitalism: The Fight for a Human Future at the New Frontier of Power. Shoshana Zuboff. Profile Books. 2019.
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Early this year, Shoshana Zuboff’s The Age of Surveillance Capitalism arrived to herald the new form of economic oppression we have watched creep into our lives. Zuboff, a professor emerita from Harvard Business School known […]
In May 2019, Brad Garlinghouse, CEO of a San Francisco based (but Delaware registered) fintech firm called Ripple Labs gave a presentation to the 9th High-Level Conference on the International Monetary System. The small audience included Christine Lagarde (then chairman of the IMF) and the heads of several central banks. He described a problem in the world financial system […]
Succession planning is a vexing issue for family businesses throughout the world. Orchestrating a smooth and successful generational transfer of power is key to family firms’ success — and, in fact, their survival. Research on what makes for successful transition has often focused on the two apparent main actors: the current CEO and the successor.
However, in a six-year research […]
Many observers believe that implicit bank bailout guarantees were an important driver of the global financial crisis. They also blame national supervisory authorities as another key factor. As a consequence, the formation of the European Banking Union (EBU) was presumably the single-most important institutional response of the European Union (EU) to ensure that taxpayers’ money is not used again for […]
Have you tried buying a DVD player recently? If not, you might be out of luck soon as major retailers in the UK have stopped stocking them amid falling demand. The reason is not that people stopped watching videos (quite the opposite), but the rising popularity of online streaming services such as Netflix and Amazon Prime that can be […]
Everyone knows about the ‘gig economy’. In fact, the term is so widely used in the media, it can sometimes seem hard to avoid talking about it. But it is by no means the only form of work among the 4.8 million-strong self-employed community, and not enough is understood about the many other forms of freelance work.
A new report […]
“The reason why it is so difficult for existing firms to capitalise on disruptive innovations is that their processes and their business model that make them good at the existing business actually make them bad at competing for the disruption.” – Clayton M. Christensen
Disruptive innovation, as introduced by Clayton M. Christensen, has become a powerful way of thinking about […]
Looking at recent growth successes and failures, some of the positive stories of economies were characterised by relatively high female autonomy: Botswana had the highest GDP growth rates of the last decades and had not only favourable institutions, but also high gender equality (Robinson 2009; data on gender equality: Carmichael, Dilli and Rijpma, 2014). Similarly, China and South Korea […]
In recent times, there has been a policy drive to increase the number of people undertaking apprenticeships in England and there are plans to dramatically change the post-16 system, which would include making apprenticeships a more important part of it. This raises the question as to how beneficial apprenticeships are to young people currently.
In our paper, we use administrative […]