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May
08

Spring Conference 2019: Connected Strategy: Building Continuous Customer Relationships for Competitive Advantage

May 08, 2019

Wednesday, May 8 | 8:00 AM - 5:00 PM EDT
Wharton San Francisco

Introduction

Wharton San Francisco

What if there were a way to turn occasional, sporadic transactions with customers into long-term, continuous relationships – while simultaneously driving dramatic improvements in operational efficiency? What if you could build a new business model that breaks your trade-off between superior customer experience and low cost? This is the promise of a Connected Strategy, a new source of competitive advantage pursued by firms across a broad array of industries including Amazon, Alibaba, Google, Nike, Disney, Progressive Insurance, McGraw-Hill Education, Medtronic, Apple, and Tencent.

Consider a few examples: Disney World, often referred to as the happiest place on earth, might also be in the race for being one of the most connected places on earth. While rides and attractions have mostly stayed the same in recent years, technology has redefined how Disney connects with the visitors. Well before your visit to the park, you now get mailed a MagicBand, a wearable device that serves as your entry ticket, a digital wallet paying for food and souvenirs, and a key to your room. When hungry, you place an electronic order. Thanks to location sensors, your food will find you. When lines get long, technology attempts to convince you that you really don’t want to go to Magic Mountain and instead nudges you to go to another corner of the park.

Textbooks for college students have gone through a similar transformation. McGraw Hill Higher Education, for example, has abandoned the word ‘book’ and instead aims to sell digital learning experiences. Not only are books fully digital, they are also smart. As students go through the semester, technology tracks their reading. When struggling with an assignment, the book redirects the student to the appropriate chapter and offers a short pre-recorded video of how to handle a similar assignment. Professors no longer have to write exams; they just specify the content they want to test, and the smart book creates the exam for them. Exams then, of course, are automatically graded and the grades submitted to the university’s academic records.

In this conference, we will explore how you can

  • Reshape the connections with your customers
  • Find new ways to connect with existing suppliers while also activating new sources of capacity, and
  • Make the best technology choices to support your strategy

Agenda

8:00 a.m.–8:30 a.m. — Breakfast


8:30 a.m.–10:00 a.m. — Building Connected Strategies

Nicolaj Siggelkow
Co-director, Mack Institute for Innovation Management
David M Knott Professor of Management, The Wharton School

Christian Terwiesch
Co-director, Mack Institute for Innovation Management
Andrew M Heller Professor of Operations, The Wharton School


10:00 a.m.–10:30 a.m. — Break


10:30 a.m.–12:00 p.m. — Creating Connected Customer Relationships

Shahab Salemy
General Manager, Connected Products, Nike

Gagan Hasteer
Vice President, Content Engineering, Netflix

Pankaj Parekh
Vice President of Digital Strategy and Innovation, Wells Fargo


12:00 p.m.–1:30 p.m. — Lunch and Networking


1:30 p.m.–2:30 p.m. — Creating Connection Architectures

Vinaya Varma
CEO, mjunction

Ricky Uy
Business Development, Valve


2:30 p.m.–2:45 p.m. — Break


2:45 p.m.–3:45 p.m. — Technologies Underlying Connected Strategies

Abhijit Kakhandiki
SVP Products & Engineering, Automation Anywhere

Timoni West
Director of XR Research, Unity


3:45 p.m.–4:00 p.m. — Closing Remarks

Nicolaj Siggelkow

Christian Terwiesch

Location

Details

  • Date: Wednesday, May 8
  • Time: 8:00 AM - 5:00 PM EDT

Event Organizers

  • Christian Terwiesch
  • Nicolaj Siggelkow