Massachusetts Institute of Technology
Sign in

Navigating the Future

10/02/2003 11:30 AM 8-404
Philip Condit, Chairman and Chief Executive Officer; The Boeing Company

Description: While he won't provide a definitive answer about Boeing's plans to manufacture a 787 airliner, Phil Condit does make some stark predictions about the future. The current information revolution finds its historic analogy in the industrial revolution, Condit says, which was extremely disruptive, transforming agrarian societies into urban ones--forcing people to find new ways of surviving, or perish. Flash forward to the U.S. today, with its 10 trillion dollar economy. About half of our gross domestic product is defined by transformational activities, such as making airplanes or hamburgers. The other half of the economy is defined by transactional activities information passed back and forth among people. What is happening as technology creates a more efficient transactional economy? Condit cites studies showing that faster computing increases productivity, while drastically decreasing the workforce. And if the employment scene looks grim now, Condit reminds us that we're just at the start of the information revolution, which will speed decision-making, communications and operations in all spheres of the economy. Condit's conclusion: We'll need to rethink the organization of our institutions to ensure that the current economic revolution poses an opportunity as well as a challenge.

About the Speaker(s): Phil Condit pilots the world's largest manufacturer of satellites, commercial jetliners, and military aircraft ($54 billion in revenues in 2002), and heads up a workforce of close to 160,000. Condit joined Boeing in 1965 as an aerodynamics engineer on the Supersonic Transport (SST) program. He was a principal in the development and/or marketing of most of the familiar Boeing jet lines: the 707, 727, 737, 747,757 and 777. He received a bachelor's degree in mechanical engineering from the University of California at Berkeley in 1963; a master's degree in aeronautical engineering from Princeton University in 1965; a master's degree in management from MIT in 1975; and, in 1997, a doctorate in engineering from Science University of Tokyo, where he was the first Westerner to earn such a degree.

Host(s): Office of the Provost, Cambridge-MIT Institute

Comments (0)

It looks like no one has posted a comment yet. You can be the first!

You need to log in, in order to post comments.

MIT World — special events and lectures

MIT World — special events and lectures

Category: Events | Updated 7 months ago

Created
December 12, 2011 18:22
Category
Tags
License
All Rights Reserved (What is this?)
Additional Files


Viewed
2261 times

More from MIT World — special events and lectures

Why So Slow? The Advancement of Women

Why So Slow? The Advancement of Women

Added over 4 years ago | 01:31:00 | 3178 views

Civil War High Tech: Excavating the Hunley and Monitor

Civil War High Tech: Excavating the...

Added over 4 years ago | 03:02:00 | 2789 views

The Medium Doesn't Matter

The Medium Doesn't Matter

Added over 4 years ago | 00:52:38 | 8123 views

Scientific, Health and Political Implications of an Avian Flu Pandemic

Scientific, Health and Political Im...

Added over 4 years ago | 01:37:00 | 3709 views

How Much Do We Differ From Others and When Do We Know it?

How Much Do We Differ From Others a...

Added over 4 years ago | 00:56:13 | 2665 views

Human Rights and Politics in Israel"Palestine

Human Rights and Politics in Israel...

Added over 4 years ago | 02:27:00 | 4440 views