No Ordinary Disruption By Richard Dobbs

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Overview As our venture capital firm prepares to take the plunge into global investment, it is vital that we understand all the forces at work. In the book No Ordinary Disruption by Richard Dobbs, James Manyika, and Jonathan Woetzel, they examine four forces that are changing our world and as a result our business and leadership. This executive summary examines the fourth force of, “Greater Global Connections” specifically focusing on Chapter 4, “Trade, People, Finance and Data.” As Dobbs, Manyika and Woetzel walk us through their theory and evidence, it is clear that their analysis is well founded and appropriate. Greater Global Connections • Trade in Goods and Services o Trade today is not just located in North America and Western Europe; trade is now a complex web that includes Asia, Latin America and Africa. o “South to South” trade, meaning trade between developing countries, accounts for 40 percent of all goods flow. The expansion of trade into these new regions is by reason of technological advances and economic growth and increasing numbers of consumers. o Companies of all sizes and kind can now participate in trade, for instance trade is no longer just about manufacturing clothing but robotics and other more advance goods. • Finance o Money is the new commodity because of it ease of transference and makes trade possible. o As represented with trade, developing countries are starting to become a source of and just a receiver of capital flow; assets are

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