Ignore Bitcoin’s challenges. In this interview, Don Tapscott explains why blockchains, the technology underpinning the cryptocurrency, have the potential to revolutionize the world economy.
A supply-and-demand guide to digital disruption.
Bob Sutton discusses the questionable value of books about how to build great companies.
Gallup’s World Poll reveals new findings on the “great global dream” and how it will affect the rise of the next economic empire.
The basis of trust may be changing. It used to be based on reciprocity and as such was fragile and personal. Because of technology, trust is now based on reputation among people who don’t know each. It is both less personal and more robust.
Marc Andreessen discusses the difference between “spaces” (or trends) and markets, focusing on the Web 2.0 trend.
Converging trends are creating a new technology ecosystem that will address concerns ranging from hardware, applications and infrastructure to systems development and worker enablement. Net result: Enterprise agility will be the next basis of competition.
The open source model can play an important role in innovation, but know its limitations.
Market economies need regulation to facilitate fair competition and to protect consumers, the environment, and vulnerable workers from unfair practices. Too often, however, regulation has the opposite effect: hindering competition and protecting some groups at the expense of others, which is what happens when, for example, minimum-wage regulations limit the creation of jobs for low-skilled workers. A report by the McKinsey Global Institute highlights the … [ Read more ]
Where is the intersection between personal meaning and business value? Unless we engage in a conversation about what meaning is, we can’t hope to integrate it into our work processes, goals, or solutions.
Over the past five years, companies invested a lot in IT just to stay in place. Although CRM, ERP, inventory control, and other applications generated huge efficiencies in core processes and practices, businesses are seeing diminishing financial returns from these improvements as competitors race to match incremental gains and customers reap most of the value in lower prices or improved service. As a result, strategic … [ Read more ]
Forget squeezing millions from a few megahits at the top of the charts. The future of entertainment is in the millions of niche markets at the shallow end of the bitstream.
The term “hydrogen economy” is the title of a recent book [Rifkin, 2002], but the concept of using hydrogen as fuel for transportation systems has been advocated by environmentalists and others for at least three decades. There is no universally accepted definition of the “hydrogen economy,” but it is generally viewed as the replacement of the vast majority of petroleum fuels used by transportation vehicles … [ Read more ]
It’s not just weak organisations that spiral into decline and fail. Managerial arrogance and inflexibility can bring even great companies to their knees.
The failure of the Cancun trade talks is not the only sign that globalization could be running out of steam. This new report by Deloitte Research identifies 10 forces that could reverse the trend toward global economic and political unity. This report points to warnings about globalization’s future by experts on trade, politics and military affairs. Until recently, naysayers about globalization have been in the … [ Read more ]
Marketing has finally become a conversation. Not, in most cases, as was intended, BETWEEN corporations and consumers (that would make too much sense), but rather a global conversation involving millions of consumers ABOUT corporations.
Why now? Because they finally can. For decades, consumers have been saving up their insights and rants about the stuff they consume, simply because there were no adequate means to interact … [ Read more ]
Experiences are fast becoming a new economic entity like goods and services. Companies that understand the value customers place on experiences can differentiate themselves from competitors and increase profits.
Searching far and wide, the Fast Company team has identified 101 ideas, people, and trends that will change the way we work and live in 2005. Most year-end best-of lists look to the past — what was. Fast Company ‘s Fast Forward project looks into the future — what’s next? The future is something to get excited about again. Here’s the people, products, and projects … [ Read more ]
To paraphrase Mark Twain, reports of the demise of the IT consultant have been exaggerated.
Traditionally, two roles have been associated with consultants: Superman, the expert who can do it faster and/or better than anyone else; and Prometheus, who brings the fire of innovation to the ambitious enterprise. In the realm of information technology in particular, neither of these roles is going to disappear. Indeed, … [ Read more ]
Every so often a technological innovation, social revolution or geopolitical shift fundamentally changes the business landscape, providing the nimble with new opportunities for profit and the complacent or foolhardy with threats to their survival. But how can CEOs and other members of the top team distinguish a mirage from the real thing? Where should we be looking? Is technology the only source – or at … [ Read more ]