Moving to the New Economy

1
Moving to the New Economy

• The Challenges Ahead
• Seth Chase

2
Introduction

• Computer leverages brain power, not just muscle
  power
• Communication allows companies to compete in new
  ways
• Four Goals for New Environment
• Leverage knowledge Globally
• Organize for complexity
• Work electronically
• Handle continuous and discontinuous change

3
Organizing Principals

• Processes rather than functions
• Self-Organizing rather than designed
• Communities rather than groups
• Virtual rather than physical
• Organization has to learn
• Embrace rules of networks

4
Moving Forward

• Take a portfolio approach
• Follow employees
• Educate executives

5
Conclusion

• Technology is just a support
• Relationships are key to people working
  effectively
• IT is shifting from amplifying thinking and
  processing to amplifying communications and
  connecting
• It is the people who will determine whether the
  company succeeds or fails, not the technology

6
CLJ 12 From Wired.comNew Rules for the New
Economy

• This article closely parallels Chapter 15. It
  breaks the concepts down into twelve rules, many
  of which were used word for word in our book.
  The basic gist of it is that people run things
  with the help of computers, but if you ignore the
  technological advances, you will be left in the
  dust.
• http//www.wired.com/wired/5.09/newrules_pr.html

7
CTQ

• What will the next greatest innovation be that
  everyone has to have in order to be competitive?
• How can you help make the necessary changes for a
  company to be competitive without being in charge?