Category: Strategy
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Why: We want to ask ourselves about revolutions in our world so that we can plan your business for the long run.
Did you know new technology does not always mean more productivity?
In a flash, here is what we should consider!
Table of Contents
In Short
As in the review of The Mind of the Strategist: The Art of Japanese Business by Kenichi Ohmae on the peril of perfectionism, any strategy that fails to take account of ever-changing trends is deemed suboptimal. As it loses the potential to draw out business performance.
Here are some thoughts on the topic of sustainability.
1. How did technology bring us here? and where to?
Physics. Yes, the science.
If it is by physics law impossible, then the technology cannot be created.
If it is by physics law possible, then the next question would be, “Is it economically possible?“
Now that brings us to the business side of the topic!
If the answer is “Yes, theoretically possible, economically now possible.” Then it will be in the market.
If the answer is “Yes, theoretically possible, economically not possible.” Then we have a business problem to solve.
What incentive/policy is needed, in order to drive this technology change/adoptation?
2. Problem with technology
We found ourselves in an era of a technological boom. Meaning that new technology is being developed rapidly.
You might ask, isn’t that good? Isn’t that what we want?
Well, there are always two side-effects of any change, including technological changes. First, they are, at times, disruptive. Second, they affect how we live as a society.
Most obvious is the creation of the internet. Quote: “January 1, 1983, is considered the official birthday of the Internet.” Thus, 40 years of internet and our humankind collective learning process is reengineered.
Yes, it ended uncountable businesses and professions. Was that “Good or bad”? we can always debate. But one thing for sure is “the tech change in the next 40 years will not be less disruptive.”
3. Parallel Revolutions
In general, our goal is to obtain an economy of scale, where cost advantages are reaped when production becomes efficient with higher production volume.
The question of how to achieve it is difficult to answer, but “how to sustain it” is even more complicated when the evolution is sudden.
With all revolutions:
Agricultural revolution.
Industrial revolution.
And now Information revolution,
we need to study what happened in the past that is still evolving today.
What is your take on parallel revolutions?
