1IMAGINATION TO INNOVATION IN THE EVOLUTION OF BUSINESS

NALANDA COLLEGE COLOMBO 10

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The process by which different kinds of activities are believed to have developed from earlier forms during the history

EVOLUTION

3 INNOVATION

The act of introducing something new

4IMAGINATION

The action of forming new ideas, or images or concepts of external objects

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THE WHEEL

First breakthrough in business

6Evolution of Business

Feudalism Mercantilism Capitalism Commerce Property Rights The Industrial Revolution

7We cannot solve our problems with the same thinking we used when we created them

8Factors control the world

Relationships Wealth Generation Food and nutrition Spirituality

9Some businesses struggle to surviveSome businesses are not allowed to fail

10“Don’t let the noise of others opinions drown out your inner voice”

11Business and technology have fused into one system, one conversation, and one strategy, for one world. This is central to understanding the New Future.

12The organic food conceptOrganic foods are items that are produced, processed and packaged without using chemicals including items such as vegetables, fruit, milk, meat and cotton.

13The social media

• Social media and internet have proved to be the most powerful tool

• Social media is the modern tool for marketers• Information can reach a large number of

people in a short time.• The social media covers a wide range of

possibility and audiences

14 The No Invoice Restaurant

• Eat anything you want, pay any amount you have

• Good solution for income inequality

15Search for the talents

Human capital, the value of talent is the most valuable resource in the 21st century.

The New Future will need New Leaders that are aware of how to attract talent, manage innovation, set high visions and execute profitably. There is a new paradigm about leadership that is emerging.

16The dreamers of tomorrow

• Innovations are about new business models, enterprise and marketplace collaboration, new leadership and knowledge engineering.

• Entirely new industries will be formed by innovations yet to be brought to market. Look for the health enhancement, interactive TV nanotech, and on-demand supply chains to emerge.