In the case of resource-rich countries, establishing sector-specific registries may be the right place to start.
The strike also takes place against the backdrop of the new government white paper, Higher education: success as a knowledge economy, which, as Andrew McGettigan says, "seems … to express an astonishing level of resentment against the history and autonomy of the established sector".
This will be a cyclical stock, but unlike many tech deals launched during the Internet bubble in the 1990s, American Railcar Industries is a real company in an established sector.
Inevitably, some of these new approaches will fail, but smart established sector leaders are looking closely at these new entrants to see what can be learned and applied to their own organizations.
Indeed, patterns of industrial conduct suggest that large companies usually lead technology-intensive sectors and will even more frequently dominate the mature global markets of established sectors.
The first is that they are conventional – people who are good at creating businesses in established sectors but who find it hard to operate in arenas where there are no rules.
(Such industries are important because they tend to grow faster than more established sectors, pay high wages, and have long supply chains, which means their growth ripples into other parts of the economy).
The benefit to our economy will be huge, in established sectors like manufacturing, the car industry, financial services, and pharmaceuticals; in emerging areas like biotech, and fintech; in the housing market; in the services sector; in the travel industry; in companies, large and small, right up and down our country, employing, between them, millions of people.
Big, established sectors of the global economy are being overrun by agile, digital predators.
First, as new technologies disrupt traditionally established sectors new norms are likely to emerge.
Tech is now disrupting every aspect of our lives, sometimes challenging very established sectors.
