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Wilkins, Professor at Harvard Law School, notes, “Investing in leadership is about securing the intellectualcapital and strategic vision that will determine your firm’s future.” That’s the level of foresight firms need if they’re to remain competitive in a landscape that rewards agility and innovation.
Innovative high-technology corporations are currently paying employees large bonuses to recruit top talent. The “intellectualcapital” brought in by high-knowledge employees will be a major, if not the primary, competitive advantage. The rise in the influence of the knowledge worker. .
Most organizations, however, still view social media as a threat to productivity, intellectualcapital, security, privacy, management authority, or regulatory compliance. In just a few years, social media has come to dominate many of our personal communications. We collaborate daily, sometimes productively, sometimes not.
As Dick Morley — an MIT manufacturing innovator with deep experience in the auto industry — put it to us, "the trouble with big companies is that they take nice high-risk, high-return opportunities, then manage the risk out of them to the point that there's no return left." Certainly, that's a fair accusation.
It governs an organization's cultivation of its intellectualcapital—how it leverages what it already knows how to do, and how it evolves its offering based on changing market demands. You see evidence of companies' different DNAs in the ways they react to risks and opportunities. This is the other "hard" part of DNA: strategy.
Businesses are, on average, far less adaptable, innovative, and inspiring than they could be and, increasingly, must be. When a company misses the future, the fault invariably lies with a small cadre of seasoned executives who failed to write off their depreciating intellectualcapital. Bureaucracy is the technology of control.
Businesses are, on average, far less adaptable, innovative, and inspiring than they could be and, increasingly, must be. When a company misses the future, the fault invariably lies with a small cadre of seasoned executives who failed to write off their depreciating intellectualcapital. Bureaucracy is the technology of control.
You can read about it in recent issues of The Economist , The New York Times , and in the book The Second Machine Age by Erik Brynjolfsson and Andrew McAfee of the Massachusetts Institute of Technology. This may all change as China innovates and grows. The arguments are familiar.
The challenges we face too often inure us to the technological, scientific and communication wonders before us. Communication, our ability to learn, share knowledge and innovate has never been greater. Technology cannot not save us from ourselves. Problems, physical maladies that were death sentences are being turned around.
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