Skip to main content

Industry Insights: ICBC Standard - The Transformation to Digital Business

ICBC

This talk was a continuation of the themes Mr Cai introduced in his talk last March. Some of my key take-aways included:

  • Digital is creating a winner-takes-all effect, because digital businesses can grow much quicker than physical ones and create "super platforms" for consumers that are channels for doing business rather than brands
  • Therefore the Silicon Valley VC model of backing lots of business knowing that 99% will fail but that the winner will win big makes sense
  • Lower barriers to entry in China (such as fewer regulations) mean that the market is more competitive and as a consequence stronger digital business models are emerging at a faster rate than in Europe and the US

Mr Cai's final point was that the business leaders of today may not have the knowledge to create these new business models - that may have to come from young people who are more familiar with digital tools.

Published 11 October 2018
Topics:
Industry Insights reviews

You might also like

The ICMA Centre launches new Masters Degree in International Shipping and Finance

4 November 2010
The ICMA Centre, part of the world ranked Henley Business School at the University of Reading , UK and ALBA Graduate Business School in Athens, Greece are proud to introduce a new Masters Degree (MSc) in International Shipping and Finance.

FSSC recognises ICMA?s Executive Education Programmes

14 April 2008
The International Capital Market Association (ICMA) today announced that the Operations Certificate Programme (OCP) is the first "Recommended Exam" on the Wholesale Banking / Operations list, compiled by the UK's Financial Services Skills Council (FSSC). The programme has also met the FSSC's Key 6 "Appropriate Exam" standards for Activity 16 - Overseeing on a day-to-day basis safeguarding and administrating investment or holding of client money) and Activity 17 - Overseeing on a day-to-day basis administrative functions for managing investments including, arranging settlement; monitoring and processing corporate actions; client account administration, liaison and reporting, including valuation and performance measurement; ISA, PEP or CTF administration; Investment trust savings scheme administration.

Talk by Klaus Fridorf, Director of Responsible Investment & Governance at Nordea

30 October 2013
We are delighted to present KLAUS FRIDORF, the Director of Responsible Investment & Governance at Nordea. Mr Fridorf holds a Master degree in journalism and joined Nordea Invest in 2008, as Head of Communication. Before joining Nordea Mr Fridorf has among other things worked in the Industrialization Fund for Developing Countries in the Danish Foreign Ministry working with Communication and International CSR policy.
Business News