Comments on: 3 Crucial Challenges that are Shaping the Future of Business

By: Greg

Greg — Sun, 09 May 2010 16:36:45 +0000

Thanks Satinder.

Have a great week!

- Greg

By: Satinder

Satinder — Sun, 09 May 2010 16:19:52 +0000

This is great Greg. Really love it. This shows how true the thought “The flutter of a butterflie’s wings can create a wind in some other part of the world” is, not only in the metaphysical but also in ‘true’ material world.

By: Frédéric Abella

Frédéric Abella — Mon, 05 Apr 2010 16:32:13 +0000

You're welcome. Frédéric .-= Frédéric Abella´s last blog ..Qui fait les applications de l’Iphone? Apple, les marques, les médias,… Non. Les développeurs. =-.

By: Greg

Greg — Fri, 02 Apr 2010 17:08:08 +0000

Frédéric,

That’s one I haven’t read. Thanks for the tip!

- Greg

By: Frédéric Abella

Frédéric Abella — Fri, 02 Apr 2010 15:38:07 +0000

Nice picture of the future.

When You write about emerging science of networks and weak links, it reminds me Ronald Burt and his book “Brokerage and Closure: An Introduction to Social Capital”. It is one of my favourite books about networks. It goes deep into how social networks are a capital, and explaine very well the power of brokerage and its links with closure. Refreshing when everything goes to fast.

Regards,

By: Greg

Greg — Thu, 01 Apr 2010 05:28:00 +0000

Denilson,

It’s an interesting point. Oddly, I think business plans are okay because uncertainty is taken as given. The numbers are supposed to be taken with a grain of salt and the process of working through the business plan is often more valuable than the business plan itself.

You don’t write a business plan to predict what will happen, but to prepare for what might happen.

Also, I think it should be said, most managers do understand this. Most companies do maintain a wide margin of error, invest in “blue sky” projects, etc.

The problem only comes when people without direct management experience (i.e. traders and consultants) get too much influence over decision making. You can do predictive modeling in an excel sheet and it will work very well the overwhelming majority of the time.

That false sense of security won’t help you when the model inevitably breaks down along with everybody else’s models that predicted the same thing yours did and network effects kick in.

- Greg

By: Denilson

Denilson — Thu, 01 Apr 2010 00:36:06 +0000

Great post! I’m wondering whether traditional methods for developing business plans are (or aren’t) appropriated for novel products…

By: Greg

Greg — Tue, 30 Mar 2010 18:00:45 +0000

Brooke,

Thanks. I’m glad you liked it.

- Greg

By: Brooke

Brooke — Tue, 30 Mar 2010 17:36:57 +0000

This is a GREAT article! When they named it the “web”, do you think they realized what it would grow into? Thousands of tiny little threads interconnecting people, places, things, ideas – linking everything into this tangled “web” of information. It’s not so much to connect the dots an innovative way, as much as it is to know which thread to follow to which dots, and how deep one should go. Thank you so much for sharing!

By: Greg

Greg — Mon, 29 Mar 2010 18:05:16 +0000

Thanks for the link, Paul. Interesting.

- Greg