Seven trends that will transform your business
Friday, October 14th, 2005Ziv Navoth, founder of the innovation consulting firm Verve, has posted a 39-page manifesto (available as an Adobe PDF) on the Change This site. Ziv’s manifesto (”Now What?”) takes a closer look at the 7 major trends that will transform business in the immediate future. As Ziv points out, companies that fail to recognize how their industries are changing could end up like the ice harvesters of the 1920’s, who failed to see the long-term impact of the ammonia compression machine (aka the household refrigerator).
Chapter Five (”The Great Knowledge Migration”) of the manifesto looks at why more companies than ever before are tapping into the workforces of developing nations. (hint: it’s not just for the cost savings) As Dan Scheinman, the SVP of corporate development at Cisco, points out, “We came to India for the costs, we stayed for the quality, and we’re now investing for the innovation.”
Chapter Seven (”Peer Production”) explains how companies can take advantage of the “wisdom of crowds” and tap into the open networks of knowledge that are now available globally, 24/7.