The New Economy and the emerging Business 3.0 Paradigm

What is the New Economy?

I recently spent some time with Queen’s Belfast University professors discussing this over a wonderful lunch of fish and mushy peas (try the mushy peas, they have become my new favorite side dish!). The University staff was interested in a first hand account of what had been happening with the Financial crisis here in America, and I was interested in how that crisis was being viewed by the world.

At the end of lunch, we came to a mutual conclusion that the new economy was easier to define by what it is not, rather than by what it is.

• The New Economy is NOT the wasteful use of resources, rather the betterment of all.
• The New Economy is NOT the hording of information at the top end of an organization, rather the entire organization being liberated with knowledge.
• The New Economy is NOT the ad-hoc creation of rules and policy to better suit a single cause, rather the greater good today and tomorrow.
• The New Economy is NOT the focus on an individual, rather the collective good of an organization
• The New Economy is NOT waiting on business to happen, rather making business happen through ethical means
• The New Economy is NOT a focus on America, rather a focus on the world as a whole
• The New Economy is NOT a focus on revenue, rather a focus on sustainable business practices in terms of the environment, the product and full range of workers and consumers of that product

What does this mean for your firm?  It means a renewed focus on compliance and process.  It means that entire organization must work in sync with itself, it’s resources and it’s assets.  And finally it means, evolve or go the way of the dodo (Or Circuit City or GM or CitiGroup or Bernie Madoff)

Easier said than done you say?   To that I respond Nay!

Today’s technology evolved from a paradigm that was first seen from the early dot-com era companies (Business 2.0) and now it is coming back better, faster and stronger than ever.  Today’s BPM tools give users the ability to SEE process happen before their eyes, and more importantly to measure it.

Those measurements feed Analytics. And these Analytics become the true benchmarks for business processes.

Let Global Reach show you a world where your entire organization is at your finger tips.  Where no matter what the status of an item, no matter how complex a business process is, no matter how many stakeholders are involved and no matter how much parallelism is involved you can know exactly what is happening.  As the icing on the cake, let us show you a paradigm of business optimization that allows your processes to function at the speed of business 3.0.  Born out of European University research (IE why I was having lunch with Belfast Professors!)  these optimizations can supercharge your processes.  After all with the rise of Globalization it is not what you sell that makes you different in the marketplace, it is HOW you sell it.

Stay Tuned for more on Business 3.o, the new business paradigm built on Compliance, Fairtrade, Analytics and real time knowledge.

Contact me directly for a demo : Greg.Chambers@opusquadratum.com

Regards and viva la revolution,

Greg Chambers

Social Networking as a Management Tool

CNN.com posted an Article today about the risk and benefits from Social Networking in the workplace.

Thanks to Mike Wilson from Comnexia for posting this in IT Atlanta group on linkedin.  Check out Mike’s Company Comnexia.

Absolutely a good idea, as long a normal standard guidelines are followed. Managers often take the stance of being “above” their employees, not engaging in common “water cooler” conversations. This creates a pseudo-caste culture that becomes counter productive especially in times of urgency.

Employees are the best investment a company has. The use of social networking has become the next generation of employee outreach, much like the employee assistance programs offered by most large HR depts. it is a managers job to relate to their workforce, on their level not the other way around.

I have effectively utilized social networking in managing people directly, and am now having wonderful success, both in terms of cost and efficiency, utilizing social networking dealing with resources in Belfast, Manila and Beijing.

Traditional management is normally afraid of what they don’t understand, and thus their push back on Neo Management methods like social networking is to be expected. This becomes nothing more another kink in a companies armor that the competition can exploit to leapfrog them.

The globalization of the IT world means that one of the key differences that determine if you win a contract or lose it is not what business you are in but HOW you execute that business. With the substantially lower labor rates offered by Asia, American companies trying to compete must use every weapon they can.

Manage people and want to know how to do this safely and effectively? drop me a line and will be more than happy to expand, I am very passionate about this topic.

Greg Chambers
President and Creative Director
Opus Quadratum Studios
404 317 3390
Greg.Chambers@opusquadratum.com
http://www.opusquadratumstudios.com
http://www.linkedin.com/in/gregchambers
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