Growing Business & Encouraging Entrepreneurship Warrick Malcolm – Scottish Chambers of...

Growing Business & Encouraging Entrepreneurship

Warrick Malcolm – Scottish Chambers of Commerce

• Culture– Risk taking– Celebrates Success– Accepts failure, not damns– Enjoys competition & change

Creativity

DriveAmbition

Enthusiasm

Risk

Challenging

Bloody Mindedness!

• Sell the future and the vision

• Sell innovation

• Sell being the best

• Will lead to profit and A Smart Successful Scotland for all of Scotland

Innovating Business & Encouraging Entrepreneurship

Susan Love – Federation of Small Businesses

• Joined-up Scotland plc

• Finance

• Timescales

• People

• Aspiration

Learning & Skills

Ian Duff - SCDI

Issues

• Learning & skills environment must be demand driven

• Educational environment not aligned with young peoples’ experiences or the workplace

• Focus required on soft skills & creativity

Solutions

• Active support for Determined to Succeed by the business community

• Realign the school environment and the training of teachers

• Rethinking targets and measures of success of the education system

Connecting Scotland & Competing in a Global Marketplace

Matthew Farrow – CBI Scotland

Speakers

• Susan Rice

• John Boyle

Brand

• Strong brand, different elements

• Laissez-faire vs intervention

Self-Belief

• Vital, but how to improve?

Digital Connectivity

• Coverage -> take-up -> quality of use

• Public sector best practice

• Skills

Regulation

Must be:• Stable• Responsive• Joined-upScotland’s scale should help, but hasn’t

Physical Connectivity

• Is fundamental to business

• Long term funding

• Delivery

• TPRA

Making Connections

• Peer countries

• Resources

• Priorities

Living & Working in Scotland

Steve Gold – Institute of Directors

• It is clear that none of the 5 strands exist in isolation, all are linked

• Rapid growth in infrastructure – long way to go

• Indigenous/Fresh Talent

• Scotland in the world marketplace

• Attractiveness

Copyright Gordon Hewitt 2004Copyright Gordon Hewitt 2004

““Beyond the KnowledgeBeyond the KnowledgeEconomy – Small Economy – Small

Country, Big Impact?”Country, Big Impact?”

Professor Gordon HewittDistinguished Professor of International Business & Corporate Strategy

Michigan Business School

Friday April 23, 2004

Copyright Gordon Hewitt 2004Copyright Gordon Hewitt 2004

THE “STRATEGY” DILEMMATHE “STRATEGY” DILEMMA

Traditional Assumptions& Definitions

New Assumptions& Definitions

How to Play the Game Better Creating New Games/New Rules

Imitation ?

Benchmarking ?

Innovation ?

Discovery ?

GETTING AHEAD or CATCHING UP ?GETTING AHEAD or CATCHING UP ?

Copyright Gordon Hewitt 2004Copyright Gordon Hewitt 2004

QUO VADIS SCOTLAND ?QUO VADIS SCOTLAND ?

SMART

• What kind of “smartness” would give us access to major global opportunities ?• What kind of “knowledge” would create disproportionate impact?

SUCCESSFUL

• What should be our scorecard for success?• How to think differently about innovation and advantage?

SCOTLAND

• What’s the unit of analysis ?• How do we think about “our resources” ?

Copyright Gordon Hewitt 2004Copyright Gordon Hewitt 2004

WHAT SHOULD WE HAVE LEARNED ?WHAT SHOULD WE HAVE LEARNED ?

It was not the USA, despite pioneering knowledge of telecommunications (Bell Labs) which created global standards in mobile telephony.

It was not Sony or Bertelsmann, with their accumulated know-how in sound technology, who created the digital music revolution.

It is not pharmaceutical companies, despite their knowledge of biochemistry & pharmacology, etc., who are pushing the frontiers of preventive healthcare.

It was not Microsoft, despite its dominance of operating systems, who created the world’s leading search engine.

Copyright Gordon Hewitt 2004Copyright Gordon Hewitt 2004

SYMBOLS OF THE REVOLUTIONSYMBOLS OF THE REVOLUTION

CONVERGENCENew Categories& Connections

DIGITAL ECONOMICSAltering Time, Space

& Method

INTERNET IMPACTKnowledgeable, Militant,

Connected Consumers

BOTTOM OF THE PYRAMID

Role of “EmergingEconomies”

NEW GAMESNEW RULES

NEW INDUSTRIESNEW MODELS

NEW STANDARDS

FORCES SHAPING THE GLOBAL BUSINESS SYSTEMFORCES SHAPING THE GLOBAL BUSINESS SYSTEMFORCES SHAPING THE GLOBAL BUSINESS SYSTEMFORCES SHAPING THE GLOBAL BUSINESS SYSTEM

Copyright Gordon Hewitt 2004Copyright Gordon Hewitt 2004

BECOMING A NODAL PLAYER (i.e. “Really Smart”)IN THE NEW LANDSCAPE

BECOMING A NODAL PLAYER (i.e. “Really Smart”)IN THE NEW LANDSCAPE

CONVERTING KNOWLEDGE INTO IMPACTCONVERTING KNOWLEDGE INTO IMPACTCONVERTING KNOWLEDGE INTO IMPACTCONVERTING KNOWLEDGE INTO IMPACT

• Intellectual Influence - “Creating the New Industry Agenda”

• Network Influence - “Creating the New Connections”

• Access Influence - “Creating the Entry Gate”

• Standards Influence - “Creating Dependency & Trust”

Copyright Gordon Hewitt 2004Copyright Gordon Hewitt 2004

““Beyond the KnowledgeBeyond the KnowledgeEconomy – Small Economy – Small

Country, Big Impact?”Country, Big Impact?”

Professor Gordon HewittDistinguished Professor of International Business & Corporate Strategy

Michigan Business School

Friday April 23, 2004