The 2013 LBA GLOBAL BUSINESS CONFERENCE
June 11th through 13th
Westin Bonaventure Los Angeles
Track II- TECHNOLOGY
Technology is properly defined as any application of science to accomplish a function. The science can be leading edge or well established and the function can have high visibility or be significantly more mundane but it is all technology and its exploitation is the foundation of all competitive advantage.
In 1983 a classified program named Project Socrates was initiated in the US intelligence community to reverse the US declining economic and military competitiveness. Project Socrates used all source intelligence to review competitiveness worldwide for all forms of competition to determine the source of the US decline.
What Project Socrates determined was that technology exploitation is the foundation of all competitive advantage and that the source of the US declining competitiveness was the fact that decision-making through the US both in the private and public sectors had switched from decision making that was based on technology exploitation (i.e., technology-based planning) to decision making that was based on money exploitation (i.e., economic-based planning) at the end of World War II.
Technology-based planning is what was used to build the US industrial giants before WWII (e.g., Dow, DuPont, GM) and it what was used to transform the US into a superpower. It was not economic-based planning.
Project Socrates also determined that countries like China and India had continued executing technology-based (while the US took its detour into economic-based) planning, and as a result had considerably advanced the process and were using it to build themselves into superpowers.
To rebuild US competitiveness the US decision-makers needed to adopt a form of technology-based planning that was far more advanced than that used by China and India.
The importance of leading edge technology in maintaining, or in the case of the US, rebuilding and establishing competitiveness in the global marketplace is indisputable.
The 2013 LBA Global Business Conference Track II. TECHNOLOGY will explore how business can utilize technology and exploit its latest applications to regain a global competitive edge. Discussions with industry experts and government representatives can produce new insights and ways by which technology can maximize global business opportunity.