July 13, 2009
Slow and steady wins the erase?
John Hagel and John Seely Brown have issued a new “Shift Index” report, which is way more facty and dataful than I can personally manage, but that many of you will find highly informative. Here’s just one point from an email they sent out about it:
The Shift Index suggests the current recession is masking long-term competitive challenges for U.S. businesses…
3. While firm performance has significantly deteriorated over this time period, total cash compensation for creative talent has increased substantially and consumers are wielding substantial power, suggesting that firm profitability is increasingly squeezed by talent and customers and that these other market participants have been much more effective in harnessing the value of expanding knowledge flows than firms themselves (pg. 107 – Shift Index Report).
Translation of point #3: Companies are the dumbest, slowest participants in their ecosystem.
