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4579A/B - The dark side of capitalism: Pirates, mavericks, and industry disruption

General Management & Policy

How do industries emerge, grow, die or get disrupted by powerful organizations that do not always follow the traditional rules of the game? Today, for instance, many industries are affected by some form of piracy: pharmaceuticals, music, software, fashion, finance, cinema, the news media, luxury goods... Tomorrow, with the diffusion of 3D printing, the generalization of information leaks and the rise of stateless currencies such as bitcoin, pirates will have more power than ever to disrupt existing businesses – and what it means to operate a capitalist firm will shift substantially in the next few years. Understanding the dynamics of industry disruption has thus become an essential skill for anyone willing to take a leadership position in an organization that values innovation.