Professor Steve KempsterThe Industry 4:0 revolution will substantially change business and society. The opportunity provided by this revolution is not just simply a matter of improving either productivity or profitability; rather it can enable a substantial transformation of business in society. In this highly interactive seminar, Steve Kempster will outline the concept of "Good Dividends', a theory of business that re-examines what we mean by 'value' (Kempster, Maak and Parry, 2019). The Good Dividends approach provides a regenerative system in which increasing business value and social impact become strategic imperatives that are articulated and implemented in an integrated whole. Rather than highlighting issues of sustainability to limit harm (and growth) and try to persuade business to do some good, the regenerative system of Good Dividends seeks to redefine growth by integrating communities, societies and environments as sources of capital from which a dividend can be yielded as part of value generation. Through a case study of the 'Made Smarter' program which is currently being rolled out as part of the UK Government's Industrial Strategy, Steve will show how digital transformations are being made by manufacturing SMEs by drawing upon the good dividends system. The Industry 4:0 revolution needs to be framed to serve society and to address the grand challenges that face us. This case study shows how business schools can make tangible contributions to this task.
RSVP on or before Monday 25 November 2019 , by email email@example.com, or by phone 5552 9678