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How Strategic Imagination Happens

That's this: thinking differently about strategy is impossible - or, perhaps worse, that it's naïve.

Let's take a second to explore.

Boutique Consulting Firms

Boutique Consulting Firms

Boutique firms support their clients with highly-specialized expertise. Boutique firms choose to focus on a smaller number of industries (energy, life sciences, retail), functions (M&A, economics and litigation, turnaround), or methodologies (real options, EVA).

The New Economics of Music: File-Sharing and Double Moral Hazard Part 1: Why the Music Industry is (Really) Broken ‘The whole point of digital music is the risk-free grazing’ – Cory Doctorow Every major label 's setting up an iTunes these days. They're all, in the immortal words of Johnny Cash, 'born to lose, and destined to fail'. Why? The music industry doesn't understand the microeconomics of it's own business. If it did, it would see that it's business model is not just misguided, but broken- because, DRM or not, the implicit contract it signs with listeners is being broken in both directions. I reached this conclusion because, as I was scoping BoingBoing one day, I read Cory's statement, and it struck me as exactly right. For many people, digital music's more about risk than it is about music itself. Not legal risk - but transactional risk, the kind of risk you take when you buy a used car. Now, this statement has deep economic meaning. I'd like to explain why.

Value creation generates wealth

Any business has three levels of value definition - value defined by shareholders, customers and employees/partnership. Shareholder value is the primary value component no business can survive without and provides for the long term agility of an organisation. Customers provide medium term liquidity and employees the operational cash flow to ensure the continued operation of an enterprise. An enterprise architect must have a good understanding of wealth creation formula like economic value add to assess the contribution of IT to Wealth Creation

Technology is a key for banking in 2009 I found a whole range of technology predictions for 2009.  One of the best general forecasts comes from Gartner, who say that the top ten technology areas to focus upon during an economic crisis are:1. Reduce headcount or freeze hiring2. Renegotiate with technology and service providers3. Curtail data center expansion, virtualize assets and lease them back4. Consolidate systems5. Outsource commodity6. Offshore outsource7. Investment shutdown8. Prioritize projects9. Mothball businesses and projects10. Change leadership and restructure IT teamsI agree with this list.In banking, it goes further.  In banking, technology is a critical part of the solution for the crisis, and technology also provides a way to avoid the crisis occurring again.  That is why I titled this as technology providing 'a key for banking in 2009'.Technology is the key. 

The arrival of sustainable sustainability?

A little late I know, but just before the end of the year, we were fortunate enough to be a part of the Sustainable Life Media conference in Miami.  As is often the case, the event was full of interesting people extolling the virtues of more sustainable practices - from large MNC’s such as J&J through to some fantastically nimble social start-ups. But more than that, there was a real sense of change in the air. A sense that for the first time we were looking at making businesses sustainable, rather than bringing sustainability into business. In other words, for the first time I sensed that sustainability was being recognised as a key piece of DNA architecture for business, rather than some fan-fared adjunct.The ramifications of this are profound: for a start, this is what Peter Salmon from Moxie (who I had the pleasure to share a plenary session with) has labelled Sustainability 2.0. Or even 3.0. It also suggests an exciting trend that sees sustainability becoming near-impossible to focus on within the firm. That is not to say that it is absent, but rather just invisible.  Or rather, inherent. We are constantly hearing clients and colleagues citing an economic downturn as the worst possible time to embark on initiatives under the sustainability banner. But to make this criticism is to make the mistake that sustainability remains an annexe to the firm - an incidental anecdote to be told when appropriate.

This is most certainly wrong; instead, sustainability offers the best chance for firms to remain in business, as they redefine boundaries of influence and re-stock reserves of trust.This sounds absurd, but for too long, I really do not think the majority of firms have actually viewed sustainability as being linked in any way to their…..well, sustainability. And as such, it has been a nice-to-have appendage.So maybe this is now changing? Maybe Sustainability 2.0 and the crushing re-evaluation of business in the current climate marks the arrival of sustainable sustainability?  Based on the clear exodus of freshly-empowered CMOs and CEOs from large MNCs at the Miami conference, keen to demonstrate their new-found independence via boutique consulting efforts and old business cards with biro’d new titles and cell phone numbers, it seems so. Which also means sustainability could be finally becoming less about guilt, burden and ‘doing what’s right’ and much more about opportunity, energy and doing what’s exciting. Which would be very exciting indeed.G  

Bourdieu defines social capital as, "the aggregate of the actual or potential resources which are linked to possession of a durable network of more or less institutionalized relationships of mutual acquaintance and recognition." (248) An individual's social capital is determined by the size or their relationship network, the sum of its cumulated resources (both cultural and economic), and how successfully (quickly) the individual can set them it in motion. According to Bourdieu, social networks must be continuously maintained and fostered over time in order for them to be called upon quickly in the future.