Disruption – a phenomenon that not only affects businesses

15

October

2018

5/5 (4)

Globalization in the 21st century has put steady changes on the agenda. Changes of yesterday’s status quo are taking place more and more quickly. Politics, business, science and society are facing major challenges in ever-shorter cycles. But where do these disruptions come from? Who benefits from the changes and who outweighs negative effects? Which decisions in dealing with disruption are relevant, who has to make them and how can the best results be achieved in implementing these decisions?

 

Disruption, a term introduced in 1997 by Clayton Christensen in “The Innovator’s Dilemma”, concerns us all. Despite the controversial thesis of Christensen, two decades later, even critics recognize that abrupt downfalls of market leaders and political institutions occur more frequently. Recently, not many management theories have had such a big impact on the business world as the concept of disruption. However, management is not the only area that faces disruption. Its effects are varied and often can not be assigned to individual areas of life.

 

As technological progress continues to generate new winners and losers worldwide, dealing with the refugee crisis has disrupted established political systems. The conviction of a united Europe is crumbling, democracy in the United States is in an identity crisis, and China is taking over the lead in driving globalization – all radical developments that cause disruption on a socio-cultural level. The consequences of wrong decisions in today’s networked world are far-reaching and they often provide irrevocable course for subsequent generations.

 

For this very reason, I wanted to highlight the theme of disruption from a different point of view. To stress out that not only the management and business world is affected by technological disruptions, but also us in our social graces and ways of beeing human.

 

References:

Christensen, C. (2013). The innovator’s dilemma: when new technologies cause great firms to fail. Harvard Business Review Press.

 

 

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Beyond the work as a purpose of life – The influence of Artificial Intelligence on our future professional life

18

September

2018

5/5 (33)

Work shapes the lives of many people and is often a meaningful part of their lives. History shows that the meaning of work is constantly changing. Every industrial revolution has brought both job losses and new job opportunities, as well as new forms of working and a changed role in people’s lifestyles.

 

Because we are in the middle of the digital revolution and disruptive technologies like Artificial Intelligence (AI) are entering our world, work will change significantly. Technologists, economists, politicians and philosophers are vigorously debating about the implications of Artificial Intelligence. A very broad study, published 2013 by Carl Benedikt Frey and Michael Osborne of the University of Oxford, found that 47% of jobs in America are at high risk of being replaced by “computer capital” soon, which gives this discussion a new urgency (Frey & Osborne, 2013).

 

Whether we lose all our jobs to robots or not; global mobility, social and demographic change, as well as new ecosystems and life philosophies, will certainly lead to new roles and career models in the future. How will society react? And how will life goals change over time?

 

The average person nowadays performs 100,000 hours of work during their lifetime. As a result, work not only fills a large part of our lives, but often defines who we are. While we may not necessarily agree on what the future of work will look like, one thing is certain: their character and meaning will change radically, opening up new possibilities and perspectives.

 

So what are your thoughts about your future professional life with regards to Artificial Intelligence?

 

References:

Frey, C. B., & Osborne, M. (2013). The future of employment. How susceptible are jobs to computerisation.

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