Business Channel 2007-01-29&31

（单词翻译）

I think it changes the power dramatically. If you are a smart person, somewhere in the world, you can be connected in real time and be followed into a process anywhere in the world. You couldn't, let's say five years ago, you had to physically¹ move to participate somewhere else in the world. Now you don't have to move and you can work together with other people wherever they may be.

One of the challenges is in that though, because companies like BT, you obviously own the local loop, the last bit to the house. And, and you're coming into competition to get, everybody wants to eat your lunch in that way.

Yeah, but that's great. But that's part of our business, that's in the UK. But globally we give networks and network capability² to companies around the globe. If you look to the local loop business, there're many, many ways you can bypass that.

Who, who, who holds power these days? Is it governments? Is it the chief executives like you? I don't feel any more powerful today than I did ten years ago.

Well, you do, because you have a worldwide audience nowadays, and you didn't have that ten years ago. So there's a massive shift also in the, in the, in the, the balance of power in the media. There's a massive shift in business. It's, it is reshuffling. And reshuffling time means that those who had the power not necessarily will keep it, and those who didn't have power they can get it.

Did you have to rethink your business? Did you have to throw out a lot of new, old ideas and come up with whole new ways of working?

Absolutely and fundamentally, and I'll tell you, we're only half way, there's much, much to come. And the most important element to that is, is that we're, as a world, becoming smaller and bigger at the same time.


Vocabulary


come up with prh. v. If you come up with a plan or idea, you think of it and suggest it.
Several of the members have come up with suggestions of their own.