Concurrent interactive sessions
The interactive sessions offered a marketplace inspiring inputs from ESMT and gave participants the chance to explore ideas about business, leadership, and technology. Participants also had the chance to develop and share hypotheses about trends and possible responses at the individual and organizational levels.
Energy and transport in 2050 – Will we overcome the nexus between energy consumption and economic growth?
Dr. Jens Weinmann
If the majority of the world’s developing countries continue to strive for our standard of living, we urgently have to find ways to break the nexus between energy consumption and economic growth. Fortunately, in both energy and transport, promising solutions are closer than many of us imagine.
Future of banks? Will we still need banks in 2050?
Prof. Guillermo Baquero, PhD
We observe an ongoing trend of financial disintermediation in Europe. Players such as Google, Amazon and ebay become competitors of retail banks with access to information about millions of customers. They have not been hit by the crisis such as the banking industry and are less regulated which possibly provides them a competitive advantage. New financial start-ups are under way to revolutionalise the financial services industry providing new ways for households to invest, obtain loans and escape low interest rates in regular banking products. What does this mean for the banking industry? Can banks adapt to these challenges?
Markets for Technology – Is the patent system broken?
Prof. Dr. Stefan Wagner
The drive for innovation is an important input when it comes to achieving competitive advantage, but does the rising cost of litigation and changing risk/reward analysis of obtaining patents deter innovation? Initially created to encourage innovation and technological progress, many observers claim that today patents regularly hinder firms’ innovative activities. This session discusses current hot topics with regard to the regulation of the market for technologies.
The future 50 years ago
Veronika Naumann and Katja Leppler
To discuss the validity of future visions, we will interpret the message of Walter Womacka's glass mosaic from 1964 – a piece of art at ESMT. It illustrates the social hardships of the turbulent past before the German Democratic Republic was founded. A patchwork of pictures depicts different scenes of Germany’s transition from the labor movement to the founding of the GDR toward a brighter future – a dream to be reached one day.
The manager of the future
Dr. Kirsten Fischer
We are standing at a turning point that leads to a dramatically different world created by technology. Progress has already provided many gadgets that influence today’s organizations. With the much-cited second machine age ahead, work as we know it today is likely to change. Consequently, a different set of skills and competencies will be required of managers. In this session we will attempt to develop scenarios of future management development.
The quest for happiness
This session argues that happiness is the ultimate goal towards which we all aspire, even if the means to achieving it be different. With that goal in mind, how can we measure happiness – at the individual, corporate, and national levels? Further, what measures can individuals, corporations and governments take to enhance the happiness factor?
The skills for the future: A look at the skills individuals may employ by 2050
Dr. Franziska Frank
Will information overload and continuous pressure to change necessarily mean more stressed individuals by 2050? A mixture of trends point in a different direction: machine-brain interfaces, mindfulness, and the plasticity of the brain, underpinning the first two trends. We will look at what research has to offer, as well as discover where practical applications already exist in business or are approaching fast.
Wall Street in 2050
Prof. CB Bhattacharya, PhD
What will it look like? Who will work there? What information will analysts use to make buying and selling decisions of company stocks? How will the relevant information be made available to analysts?
What elite athletes can teach managers about innovation and strategy
Prof. Joe Peppard, PhD
The story of elite performance in Track and Field is a story of strategy and innovation. It is also a story of motivation, teamwork, and focus. In this session, we will explore innovation in training methods, equipment, and technique. While all elite athletes have a strong will to win, we will also consider how establishing stretch goals drives peak performance.