THE “There’s going to be a fundamental change in the WORLD OF global economy unlike anything we have had since CHANGE the cavemen began bartering.” Arnold Baker, Chief Economist, Sandia National Laboratories “My ancestors were printers in Amsterdam from “We are at a pivotal point in 1510 or so until 1750, and history. … We are at one of a half dozen turning points that during that entire time have fundamentally changed they didn’t have to learn the way societies are organized anything new.” for governance.” —Philip Bobbitt, The Shield of Achilles: War, Peace, and the Course of History Peter Drucker, Business 2.0 (08.22.00) “The corporation as we know it, which is now 120 years old, is “Either we modernize or not likely to survive the we will be modernized by next 25 years. Legally and the unremitting force of financially, yes, but not the markets.” —Gerhard Schroeder structurally and economically.” Peter Drucker, Business 2.0 (08.00) 1 PDF created with pdfFactory Pro trial version www.pdffactory.com
“There will be more “Uncertainty is confusion in the the only thing to business world in the next decade than in any decade in be sure of.” —Anthony Muh, history. And the current pace of head of investment in Asia, Citigroup Asset management change will only accelerate.” (FT/03.27.2003) Steve Case “I f you d on ’t li ke Uncertainty: We don’t know when things will get back ch a n ge, you ’r e to normal. goi n g to li ke Ambiguity: We no longer i r r eleva n ce even know what “normal” less.” —General Eric Shinseki, Chief of means. Staff, U. S. Army “Doctors are faced with the very “Wealth in this new regime flows real threat of irrelevance in ten directly from innovation, not years. You’ll go to a lab, have a optimization. That is, wealth is not blood sample drawn, and a readout gained by perfecting the known, of your genetic deficiencies will be but by imperfectly seizing the produced—along with ‘Doctor’s unknown.” Orders’ for appropriate treatment; only there won’t be any doctor . ” Kevin Kelly, New Rules for the New Economy —Leading Pediatric Cardiologist (11.2002) 2 PDF created with pdfFactory Pro trial version www.pdffactory.com
Joe J. Jon es “The future has 1987 – 2018 already happened. It’s HE WOULD’ve DONE SOME just not evenly REALLY COOL STUFF distributed.” BUT … HI S SCHOOL WOULDN’T Adrian Slywotzky LET HI M! “If there is nothing THE NEW very special about WORLD OF your work, no matter how hard you apply yourself, you WORK won’t get noticed, and that increasingly means you won’t get paid much either.” Michael Goldhaber, Wired “The fundamental unit of the new economy is not 2010 “Demographics”: the corporation, but the individual. Tasks aren’t assigned and controlled through a stable chain of command but are carried out autonomously by By 2010, full-time independent contractors— e-lancers — who join together in fluid and temporary networks to workers will be in the sell goods and services. When the job is done, the network dissolves and its members become minority independent again, circulating through the economy, seeking the next assignment.” Source: MIT study (28August2000) Thomas Malone and Robert Laubacher 3 PDF created with pdfFactory Pro trial version www.pdffactory.com
“The time seems appropriate to rethink the “We own all the intellectual notions of self and property, we farm out all the identity in this rapidly direct labor.” changing age …” Jim McDonnell, VP, IBM Tara Lemmey, Project LENS, past president Electronic Frontier Foundation Sir Richard’s Rules: “We have to move up the value chain and focus increased efforts Follow your passions. on becoming a knowledge-based, Keep it simple. entrepreneurial economy if we are Get the best people to help you. to prosper in the medium to long Re-create yourself. term.” —Tony Dromgoole, Chief Executive, Irish Play. Management Institute Source: Fortune /10.03 “We have entered an era in which “Every project we take work has become a personal on starts with a question: choice. Rather than drawing one’s identity from the job, a job is now How can we do what’s more and more perceived as an never been done extension and a fulfillment of before?” individual potential, and therein lies its main value.” Stuart Hornery, CEO, Lend Lease Mihaly Csikszentmihalyi & Barbara Schneider, Becoming Adult 4 PDF created with pdfFactory Pro trial version www.pdffactory.com
“The average knowledge worker Brand You, Big Time! will outlive the average employing I AM AN organization. This is the first time in history that’s happened. … So the center of gravity of higher ARMY OF education is shifting from the education of the young to the continuing education of adults.” ONE Peter Drucker, Business 2.0 (08.22.00) “Knowledge becomes obsolete “Floa t li ke a incredibly fast. The continuing professional bu tter fly. education of adults is the No. 1 industry in the next 30 Sti n g li ke a years … mostly on line.” bee.” —Ali Peter Drucker, Business 2.0 (22August2000) REQUISITE ATTITUDE 2013: “You must realize that how you invest your human capital matters as much as “You a r e th e how you invest your financial capital. Its rate of return determines your future options. Take a job for stor yteller of you r what it teaches you, not for what it pays. Instead of a potential employer asking, own li fe, a n d you ‘Where do you see yourself in 5 years?’ ca n cr ea te you r own you’ll ask, ‘If I invest my mental assets with you for 5 years, how much will they legen d or n ot.” appreciate? How much will my portfolio of career options grow?’ ” Isabel Allende Stan Davis & Christopher Meyer, futureWEALTH 5 PDF created with pdfFactory Pro trial version www.pdffactory.com
“To Be “When was the last time you asked, somebody or to ‘What do I want to be?’ ” Do something” Sara Ann Friedman, Work Matters BOYD: The Fighter Pilot Who Changed the Art of War (Robert Coram) I f you a r e n ot pr epa r ed to be Message: Distinct … fi r ed over you r or beli efs … you a r e wor ki n g on th e Extinct wr on g pr oject .- TP “Firms will not ‘manage the “Never bi te off careers’ of their employees. They will provide opportunities to less tha n you enable the employee to develop identity and adaptability and ca n chew” —Freddy Adu, thus be in charge of his or her own career.” teenage soccer phenom (from Audi’s “Never Follow” Website) Tim Hall et al., “The New Protean Career Contract” 6 PDF created with pdfFactory Pro trial version www.pdffactory.com
Richard Paul, Director, Center for “Passionate amateurs, Critical Thinking: “We need to shift the focus of learning from empowered by technology simply teaching students to have and linked to one another, the ‘right answer,’ to teaching are reshaping business, them the process by which politics, science and educated people pursue culture.” —Charles Leadbeater/ Fast right answers.” Company /10.2004 Frank Smith, Insult to Intelligence Why Don’t Most Biz Mgrs. Think This Way? “Each of us has a design “Coaching is problem to solve: to create winning players from the raw material around us the curriculum for a good life. It over.” * isn’t easy, and it isn’t the same for any two people.” Phil Jackson *Not: “planning,” “implementing,” “clear communication,” John Taylor Gatto, A Different Kind of Teacher “getting the org chart right.” “The Web enables total James Coleman, 1974: “Develop transparency. People with in youth the capabilities for access to relevant information are engaging in intense beginning to challenge any type of concentrated involvement in authority. The stupid, loyal and an activity.” humble customer, employee, patient student or citizen is dead.” Source: Mihaly Csikszentmihalyi & Barbara Schneider, Becoming Adult Kjell Nordström and Jonas Ridderstråle, Funky Business 7 PDF created with pdfFactory Pro trial version www.pdffactory.com
“Parents, doctors, stockbrokers, even military leaders are starting to lose the authority they once had. Are you “Rock There are all these roles premised on access to privileged information. … Stars of the What we are witnessing is a Age of Talent” collapse of that advantage, prestige and authority.” Michael Lewis, next “Most s people have no idea how to add value to a Sarah: “ D a d d y, market in the metaphysical wh a t d o you d o?” world. But that is what the market will cry out for in the future. There Daddy: “I ’m a ‘cost is no lack of ‘physical’ products to choose between.” cen ter .’ ” Jesper Kunde, Unique now ... or never [on the excellence of Nokia, Nike, Lego, Virgin et al.] “support function” / “cost Message: Eat Or center” / “bureaucratic drag” Be Eaten. or … 8 PDF created with pdfFactory Pro trial version www.pdffactory.com
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