Explosive Disruptors and the Innovative Age
LARRY DOWNES & PAUL NUNES
Co-authors, Big Bang Disruption: Strategy in the Age of Devastating Innovation
Tuesday, March 18, 2014
Remarks and Q&A
Remarks to be followed by drinks and hors d’oeuvres
Loews Madison Hotel
1177 15th St NW, Washington, DC 20005
The late Austrian economist Joseph Schumpeter once remarked that the essence of a free market order was that it “incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one. This process of Creative Destruction is the essential fact about capitalism.” In their book, Big Bang Disruption, Paul Nunes and Larry Downes argue that the rapid innovation and break-neck pace of technological development of the modern economy is a constant, unending threat to businesses with established market shares—creative destruction on steroids.
The authors discuss how businesses need to adapt ever more because “today, start-ups with minimal experience and no capital can unravel your strategy before you even begin to grasp what’s happening.” In assessing various examples of firms reorganizing their strategies and business models to mimic those of their startup competitors, the authors pinpoint successes, such as Texas Instruments, and failures, such as Kodak, and use the lessons learned to develop a response to defending one’s markets from potential disruptions.
Larry Downes is an Internet industry analyst and author on the impact of disruptive technologies on business and policy. His first book, Unleashing the Killer App, was one of the biggest business bestsellers of the early 2000s. He is a columnist for Forbes and CNET and writes regularly for other publications including USA Today and the Harvard Business Review. He lives in Berkeley, California.
Paul Nunes is the Global Managing Director of the Accenture Institute for High Performance and the senior contributing editor at Outlook, Accenture’s journal of thought leadership. His most recent book is Jumping the S-Curve. His research findings have been covered by The New York Times, The Wall Street Journal, USA Today, Los Angeles Times, Chicago Tribune, and Forbes. He lives in Boston, MA.
“Wow! Big Bang Disruption beautifully captures how technology has changed the speed and cycle of innovation. It is a primer on dizzying change in many industries and a strategy manual for any entrepreneur or CEO who must understand disruptive innovation to survive and prosper. A compelling must-read!” - Gary Shapiro, President and CEO, Consumer Electronics Association
“Everything you need from business school in one very discreet book. Big Bang Disruption elegantly and simply identifies why innovation happens in some new companies and how you can embrace and harness this new way of thinking.” - Dick Costolo, CEO, Twitter
“Everyone has heard of the Innovator’s Dilemma, but this book is about the Innovator’s Nightmare. What should you do if your business is disrupted virtually overnight? Reading this book is the best action you can take to fend off a Big Bang Disruption.” - Hal Varian, Chief Economist, Google
Wednesday, January 22, 2014
Cronyism and the Capitol
To make all Laws which shall be unnecessary and improper?
President, Government Accountability Institute & William J. Casey Fellow, Hoover Institution
Author, “Extortion: How Politicians Extract Your Money, Buy Votes, and Line Their Own Pockets“
The famous satirist H. L. Mencken once quipped that “every election is a sort of advance auction sale of stolen goods.” Elections, however, are only part of the story. Peter Schweizer discusses this in his recent New York Times bestselling book, Extortion: How Politicians Extract Your Money, Buy Votes, and Line Their Own Pockets, which was extensively featured on 60 Minutes. Schweizer claims that elected officials have “developed a new set of brass-knuckle legislative tactics designed to extort wealthy industries and donors into forking over big donations–cash that lawmakers often funnel into the pockets of their friends and family.”
Building on the success of his previous book, Throw Them All Out, which was also profiled in 60 Minutes and credited with the passage of the STOCK Act, Schweizer continues his crusade against cronyism in Washington by exposing the ‘tolls,’ tax code loopholes, and other methods of legislative manipulation he says members of Congress use to line their own pockets. Despite elected officials of both parties pledging to “clean-up” politics, Schweizer notes that up until now, the worst of “Washington’s extortion racket has gone unreported.”
Schweizer is the William J. Casey Fellow at the Hoover Institution, Stanford University and the President of the Government Accountability Institute, an organization created to “investigate and expose crony capitalism, misuse of taxpayer monies, and other governmental corruption or malfeasance.” He received his M.Phil. from Oxford University and his B.A. from George Washington University. He lives in Florida with his children.
November 13th, 2013
Judicial Abdication vs. Judicial Engagement
Is the Supreme Court shirking its obligation to uphold the Constitution?
Clark M. Neily III
Senior Attorney, Institute for Justice
Author, “Terms of Engagement: How Our Courts Should Enforce the Constitution’s Promise of Limited Government“
Supreme Court Justice Louis Brandeis once remarked that “the reason why the public thinks so much of the Justices is that they are almost the only people in Washington who do their own work.” However, according to Clark M. Neily III, judges at all levels might still be doing their own work, but are abdicating their responsibility, as James Madison put it, to serve as an “impenetrable bulwark against every assumption of power in the legislative or executive.”
Neily argues that the judiciary’s knee-jerk deference to the other branches has resulted in an explosion in the size, cost, and intrusiveness of government. In any given year, the Supreme Court strikes down just three of the five thousand laws passed by federal and state governments. Unfortunately, this reflexive restraint toward other branches led to the Affordable Care Act being upheld last year and the approval of eminent domain for economic development purposes in Kelo v. City of New London (2005).
Neily has spent his career fighting against the unconstitutional expansion of government and a more properly engaged judiciary. He is the director of the Institute for Justice’s Center for Judicial Engagement, and he served as co-counsel for the plaintiffs in the watershed Second Amendment case, District of Columbia v. Heller.
Terms of Engagement has received enthusiastic accolades from constitutional scholars and leading luminaries of the limited government movement:
“Clark Neily’s elegant essay slays the idea that ‘judicial restraint’ is always a virtue. It often amounts to judicial abdication. Neily explains that judges must judge to defend the rights that government exists to secure.”
- George F. Will, political commentator
“Through the use of compelling real-world cases and remarkably clear, accessible and accurate explanations of current law, Clark Neily exposes the legal charade by which, in the name of ‘restraint,’ judges have stacked the deck in favor of those who use laws and regulations to line their own pockets. Required reading for all who care about their liberties and the Constitution that is supposed to protect them.”
- Randy Barnett, Professor at Georgetown Law School
“Provocative yet fair-minded, this book is essential reading for anyone who cares about our courts, our Constitution, or our country.”
- Kermit Roosevelt, Professor at the University of Pennsylvania Law School
“Clark Neily weaves constitutional analysis with anecdotes in service of large principle. His basic principle is that a squishy policy of judicial deference disserves his clients, the public at large, and the critical role of judicial oversight in a democracy. He is right on all counts. A great read for lawyers and nonlawyers interested in the real-world consequences of judicial decision making.”
- Richard Epstein, Professor at the New York University School of Law
October 17th, 2013
America and the Ghost of Great Powers Past
Dr. Tim Kane,
Chief Economist, Hudson Institute
Co-author, “Balance: The Economics of Great Powers from Ancient Rome to Modern America”
Read Washington Free Beacon’s coverage of the event.
The Ming Dynasty, Holy Roman Empire, Imperial Britain: These are but a few of dozens of examples of once great civilizations that met an untimely demise. Each was an economic, political, and military powerhouse of their time, yet none could sustain their great success. What do all of these examples have in common?
In his latest book, co-authored with Glenn Hubbard, Dr. Tim Kane explains how few of these nations fell to outside invaders, but instead secured their own demise through corporate welfare, currency debasement, economic imbalances, and crumbling political institutions, and he questions whether we are heading toward the same fate given the current economic and political imbalances in the United States.
Watch Dr. Kane discuss the challenges ahead – and possible policy solutions – for America.
“The history of economic folly that they skillfully recount in ‘Balance’ is a timely reminder that societies that seem invincible are often anything but.” – Wall Street Journal
“In seeking to discover what might be common factors throughout history to explain the rise and decline of powerful states, Kane has succeeded in identifying surprisingly similar trajectories. Their thought-provoking analysis has compelling relevance for America’s future.” – Henry Kissinger, former U.S. Secretary of State
“Offers some policy proposals that ought to be taken seriously, even by those who don’t agree with all their premises. At the very least, some of these ideas could be used as blueprints for the rare politician seeking some acceptable grounds for compromise.” – Time.com
“A readable, data-rich history of the fall of great powers through the eyes of two fiscally troubled US conservatives in 2013.” – Financial Times
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