This is a fantastic time to be entering the business world, because business is going to change more in the next 10 years than it has in the last 50.
The most probable assumption is that no currently working 'business theory' will be valid 10 years hence.
But every company of the future is going to be in the business of exquisite care - which means quick turnaround time and convenience. To deliver exquisite care, you need an organization that coordinates well and listens well.
There will be two types of businesses in the next 5 years, those that are on the Internet, and those that are out of business
Certainly there are bubble-like valuations of certain companies, but I don't think anyone out there believes that we're going to go back to doing business the way we used to do business.
I have been quoted saying that, in the future, all companies will be Internet companies. I still believe that. More than ever, really.
I believe the pharma company of the future isn't going to be old-school.
In the future, there are going to be various components of doing business that have to be looked at.
At Reliance, we have always believed in investing in the businesses of the future and in investing in talent.
Foremost is the principle that the purpose of consumer research is to understand the customer's needs and wishes, and thus design product and service that will provide better living for him in the future. A second principle is that no one can guess the future loss of business from a dissatisfied customer.
As I visualize it, the business of the future will be a scientific, social and economic unit. It will be vigorously creative in pure science where its contributions will compare with those of the universities...
Future companies will be smaller and more nimble.
In the future the optimal form of industrial organization will be neither small companies nor large ones but network structures that share the advantages of both.
So while I was in college I did a little study on the freight industry, the air freight industry. And I looked at this company called Flying Tiger. And I actually put a thousand dollars in it and I remember I thought this air cargo was going to be a thing of the future.
The mobile business in particular is something we must take seriously. I see tremendous prospects for all those transactions that can be handled on mobile phones.
I can assure the Court that I have no intention and there is no risk of my reactivating the Megaupload.com website or establishing a similar Internet-based business during the period until the resolution of the extradition proceedings
