Wikinomics does a great job (in my opinion) of setting out the difference between the old corporate business model and the new collaborative model which is evolving. I’ve tried to paraphrase the key points below about the key attributes of the different models:
- Knowledge is Power (It’s your key corporate or career differentiator – so protect it all costs)
- Hierarchical Management Structures (use organisation charts to to define teams – and expand to matrix management when that becomes too rigid)
- Command and Control management system. Heavy emphasis on measurement and reporting, especially when the going gets tough)
- Bestowed authority. (I’m the manager, so I know best.)
- Routes to success
- Employ brighter people than your competitors
- Protect intellectual capital
- Focus on customers
- Think global, act local
- Execution excellence
- Community is Power. A united community will be stronger than any individual
- Collaboration. Openly sharing the knowledge we have and collaborating to apply that knowledge will deliver greater innovation
- Self-Organisation. Teaming together because we buy into a common vision allows us to reach outside of the conventional hierarchical structure.
- Earned Authority. Authority comes from the value you contribute,not from the rank you’ve been assigned
- Routes to Success
- Being Open
- Acting Globally
I particularly like these 4 suggested routes to success in the New World, and will aspire to apply them to my behaviour at work in 2008.
Happy New Year – I look forward to working and learning with you in 2008.