Speaker profile last updated by AAE Talent Team on 04/29/2024.
While the U.S. is quickly adopting digital and mobile payment systems, our economy still relies heavily on cash transactions. Surprisingly, the cash economy carries a price tag of approximately $200B annually, including billions of dollars lost by businesses to cash theft. Each year, retail businesses lose an estimated $40 billion – equivalent to nearly one percent of their revenues. Bhaskar Chakravorti explains why businesses still rely heavily on cash, despite greater risks, outlines opportunities for innovators to introduce new payment methods to the market, and identifies how businesses can benefit from exploring cash alternatives such as mobile payment services.
The “new normal” has meant doing more with less in adverse circumstances – either because of austerity in a slow growth environment or frugality in fast growth but poorer environments, a desire for smaller carbon footprints, simplifying for aging or first-time consumers, tailoring for micro-customization without the redundancy using new technologies. How do some entrepreneurs, corporate innovators, and investors turn adverse conditions to competitive advantage? Bhaskar Chakravorti identifies four areas that the most successful innovators consistently explore.
Reroute resources that become redundant to meet new needs, as Jonathan Bush did at athenahealth. The company is now a leader in internet-based revenue-cycle management tools.
Round up unusual suspects and break industry orthodoxy, as Iqbal Quadir did with Grameenphone in Bangladesh.
Find small solutions to big problems, as Trey Moore and Cameron Powell did with their AirStrip OB smartphone app for mobile physicians who needed a major advance in wireless health care.
Focus on platform, not just product. That’s how Fred Khosravi and Amar Sawhney broadened the field of surgical applications for Incept’s hydrogel technology.
The entrepreneurs who survive in the “new normal” will be those who find counterintuitive solutions to the bottlenecks, constraints, and other difficulties that adversity engenders. Call them the “new abnormals.”
As Americans continue to worry about the aftermath of the 2008 crisis – slow recovery, unsteady job market and losing the race with China among other concerns – business and policy leaders must realize that to bring growth back to the U.S., American business must go where the growth is: fast-moving emerging markets. These markets will soon represent more than half of the world’s output and are growing three times as fast as Western markets. Surprisingly, American companies make less than 10 percent of their revenues from these dynamic markets. American globalization is a myth. Dig deeper and we realize just how far behind American businesses are and how much business growth potential they are missing. Bhaskar Chakravorti discusses the reasons for this puzzle, what we can do about it and how we can find profitable growth by expanding our horizons beyond the Western hemisphere.
Bhaskar Chakravorti is a keynote speaker and industry expert who speaks on a wide range of topics such as The Death of Cash, Finding Competitive Advantage in Adversity and Closing America’s Globalization Gap. The estimated speaking fee range to book Bhaskar Chakravorti for your event is available upon request. Bhaskar Chakravorti generally travels from Boston, MA, USA and can be booked for (private) corporate events, personal appearances, keynote speeches, or other performances. Similar motivational celebrity speakers are William R. Kerr, Mike Walsh, Michael Treacy, Anil Gupta and Ram Charan. Contact All American Speakers for ratings, reviews, videos and information on scheduling Bhaskar Chakravorti for an upcoming live or virtual event.
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