William R. McDermott is an American businessman and is currently CEO of ServiceNow. Before ServiceNow, he was the CEO of the technology company SAP SE, the world’s largest maker of business software. Prior to that, he was a senior executive at Siebel Systems, Gartner and Xerox Corporation. He also authored Winners Dream: A Journey From Corner Store to Corner Office.
Read the interview and answer the following questions:
When it comes to Moore’s law Rich Karlgaard says, “rate of progression jumped off the tracks,” particularly in the enterprise software space. Please analyze this with some specific examples from the interview. Afterward, provide some comparable cases in your industry.
Bill McDermott says that “technology used to support the business. Now, technology is the business model”. Can you explain your understanding of this statement, using some of the examples provided in the interview and from at least one outside source?
How is the business landscape changing in lieu of “COVID economy,” and what does “getting COVID right” entail when it comes to various industries? Please provide an example from the interview and at least two other sectors.
Rich Karlgaard’s observation that Moore’s Law has “jumped off the tracks” in the enterprise software space is a provocative one, and the interview offers several compelling examples to support his point:
Comparable Cases in Other Industries:
Similar trends can be observed in other industries:
Technology as the Business Model: A New Paradigm
Bill McDermott’s assertion that “technology is the business model” signifies a profound shift in how businesses operate. The interview provides several illuminating examples:
External Source for Context:
Scott Galloway, in his book “Four Forces,” also emphasizes the shift towards technology-driven business models. He argues that the rise of the “Big Four” tech giants – Amazon, Apple, Facebook, and Google – has redefined the rules of competition, forcing traditional businesses to adapt or become obsolete.
The COVID Economy and the Imperative of “Getting It Right”
The pandemic has accelerated existing trends and forced businesses to rethink their operations in light of new realities:
Interview Example:
Karlgaard mentions how SAP helped businesses adapt to remote work during the pandemic by providing secure and reliable collaboration tools. This demonstrates how technology has become critical for business continuity and resilience in the COVID economy.
Other Sector Examples:
Conclusion:
Moore’s Law’s slowing pace in the enterprise software space signifies a shift towards a more nuanced understanding of technology’s role in business. Technology is no longer just a tool but increasingly the driving force behind business models, customer experiences, and operational efficiency. The COVID economy has further amplified this trend, pushing businesses to embrace technology and “get it right” to survive and thrive in the ever-changing landscape. While specific examples and insights may differ across industries, the core message remains the same: technology is the new frontier, and businesses that leverage it effectively will be the ones that succeed in the post-pandemic world