2012: Economic Sustainability and Evolution

The first thoughts of 2012 are concerned with sustainability and evolution. Big challenges lie ahead for retailers, manufacturers and service providers. Scarcity of resources and lower spending power, coupled with easier search and information gathering are leading to changes in the way we consume.

It seems obvious that companies cannot be sustainable if they are producing more than they can sell, or if they are spending resources in areas where there is less return than they are spending, they are not going to be able to sustain themselves. Yet so many are pouring money into attempts to maintain a leadership position in the wrong race.

Many large successful companies became large and successful because they paid attention to the fundamental principles of economics. They invented and perfected processes that maximized the return from every business unit. Many have become entrenched and part of the fabric of the organization. Yet these processes and entrenched methods can take the focus away from adaption and adoption. The processes and methods were produced within a time of relative stability, where resources were deemed plentiful and the markets were in a constant state of growth. Twitter chats such as #innochat explore this topic in greater depth and talk of the need for optimal conditions for innovation. The leading voices in this chat are well worth listening to, as they discuss how legacy thinking and systems can often create blocks to innovation.

2012 brings with it an interesting junction for business and entrepreneurship. It is almost Darwinian in that the nimble and quick can adapt to changing conditions faster and become the new dominant force. The large and cumbersome driven towards extinction.  Change cannot be effective if it does not permeate the entire DNA of an organization. Especially when thinking about sustainability during difficult economic times.

2011 was an incredibly interesting year for us. We, ourselves, have had to look at our structure. In terms of our clients, we have had to look deep into their DNA, understand what they need to retain, what needs to be adapted and what needs to be changed or adopted. Some have resisted change. Others have embraced it. It is not an easy process to go through.

We have also seen the collective unconscious come into play. We have been involved in the early thinking stages of a number of people who have approached us with ideas around new commerce. There is no link between these people other than a commonality of their ideas, their drive and vision and the fact they have chosen to talk to us. When enough smart people take an idea and run with it that it becomes a collective movement, it is not long before it infuses itself into the mainstream.

2012 will require a lot of energy -  physical, emotional and transformational. Yet, those who choose to spend that energy will be rewarded. We have not seen so much open opportunity and a leveling of the playing field for a long time.

Are Social Media Strategists Slowing Down Social Media Adoption?

change

Author: Alasdair Munn

tcg: The Communication Group

People, myself included, like to talk of shifts in ideology and the complexities that go with transitions from an older, more predominant ideology towards a newer, more relevant one. I’m not sure this achieves much other than producing a smug group of self-labelled enlightened ones and a larger group of people who don’t really care and don’t see the point of changing in any case.

The problems with self-labelling are all too evident. A couple of months back there were a plethora of blogs and discussions within social media circles as to what makes someone a social media expert. A great question and one that cannot be adequately resolved as social media is a vast discipline with many nuances and parts. Who can really define what is essentially a fluid ideology, changing faster than it can be documented? Even if we can and do document it, what are we measuring it against?

So it is a bit like getting hold of a pilots uniform, swatting up a few technical terms such as landing gear, flaps, ADF and HASELL check, walking onto a plane and announcing “Good day I’ll be your pilot today”. However in this case we have not completely defined which airplane it is yet. (I agree not the best example but I’m hoping it will paint a picture)

Are we, as self labelled social media practitioners helping to create the problem? Should we be less frustrated with the pace of change and stop waiting for people to catch up? Should we be seeking labels and descriptions that make sense to the people we are selling our services to rather than ones that alienate them further? Listening to them, understanding their concerns and finding out their objectives would be a great starting point.

I just get the sense that not enough is being done by the “enlightened ones” to close the gap. After all, most of the frustration about the slow pace of change originates from the people who are paid to effect that change.

Photo by Darren Hester