Thomson Reuters: New Content Generator vs. Incumbent

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Video by Azamat Abdymomunov, abdimom.mit.edu Thomson Reuters CEO Tom Glocer discusses Leading through Change and answering question from of Erdin Beshimov beshimov@mit.edu of the MIT Entrepreneurship Review. http://abdimom.tumblr.com/post/1176134056/new-content-generator-vs-incumbent-september-23 New Content Generator vs. Incumbent September 23, 2010. Thomson Reuters CEO Tom Glocer was discussing Leading through Change as part of MIT Sloan School of Management Dean's Innovation Leaders Series. Talking points: How to match gaps in the information flow. From historical examples to challenges of today. How can we abstract to the business benefits. The basics of our business have been the same: how to deliver intelligent and timely information to our customers. Thomson Reuters has been historically successful in such transitions in the past. Paper for us is another output device. It has good qualifications. But the economics of paper is breaking apart. Change in the advertisement model is the first disruption. Now very rich data on targeted advertisement brings very different perspective for advertisement. The other challenge is print's environmental impact. The paper process and its unsustainable logistics are harmful to environment. How can we justify such model just in several years against "grand-son" of IPad. How will next-, third and following generation of interactive display shape consumption of information. Good question to Sloan students: How can you make money fast enough by exploiting monopoly power of new innovative product or service? Technology dilemma: should Reuters move to the cloud, how can we remain light on our feet? What is software service and what is content? How do we narrow the technology gap from 2D to 3D.