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How Companies Cope

Rules 5-8
by

Leah Rohde

on 23 April 2010

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Transcript of How Companies Cope

How do companies cope?








RULE #5 More business will be done by collaborating within companies. Technology, marketing, and manufacturing are becoming complex. "..the next layers of innovation involve the intersection
of very advanced specialties," -head of IBM, Joel Cawley Special kinds of skills will be in demand in the flat world. Rule #6 "X-raying" is refering to a
company being
broken down by each individual
component of the business to examine.
Each component is identified as if it
is an expense or income for the company. "We were doing our own chest X-rays and discovered we had assests that other people cared about, and that is a business." -Maureen Conway, HP Vice President. Rule #7 Companies outsource for faster innovation and to grow quicker. People don't outsource
to save money.
LRN employees are
given an online education like company code
of conduct tests to when they can receive a gift.
"..more broader, more complex,
more global.."-Seidman of LRN Rule #8 How the company does things
is more important today. A company will be more distinguished
by how it does business. Wal-mart
Kmart
Target
Costco All do business the same: in price, store design, and operations. Customers today are more powerful. They can blog or podcast about certain companies. Videos on YouTube
can show your business
and be downloaded
all over the world. "Before, you just needed
to do the right things,
now you need to do
them the right way." -Seidman
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