The "factory model" is dead...
Thu, Aug 13 2009 05:28 PM
| entrepreneurship, small business
| Permalink
Great interview with Seth Godin. Here's an excerpt:
Question: Marcy Shinder:
Over the more than 20 years that OPEN has been serving business owners, we’ve seen the resilience of entrepreneurs to adapt to changing times. But are you now forecasting a change as profound as that which precipitated the industrial and digital revolutions? Are you saying that there’s going to be a radical difference in the way that future business models are formulated?
Answer Seth Godin:
"I think so. The biggest single difference is that the whole factory model is dead – the mindset that says that the purpose of the corporation is to raise money and build a factory, and the purpose of the factory is to make lots of stuff that people will buy. That’s gone, it’s over. The way we train, the people we hire, the products we make, the way we sell them – is approached in a different way now. The new paradigm is two or three guys, setting up a couple of desks and laptops in their garage, conquering their own corner of the web, and maybe making $1 million or more in their first year. All the brains and emotion are migrating to service-related businesses that stress their horizontality rather than verticality. It’s a mass-customization, high-bandwidth connectivity kind of paradigm."
Here's a link to the full article.
Question: Marcy Shinder:
Over the more than 20 years that OPEN has been serving business owners, we’ve seen the resilience of entrepreneurs to adapt to changing times. But are you now forecasting a change as profound as that which precipitated the industrial and digital revolutions? Are you saying that there’s going to be a radical difference in the way that future business models are formulated?
Answer Seth Godin:
"I think so. The biggest single difference is that the whole factory model is dead – the mindset that says that the purpose of the corporation is to raise money and build a factory, and the purpose of the factory is to make lots of stuff that people will buy. That’s gone, it’s over. The way we train, the people we hire, the products we make, the way we sell them – is approached in a different way now. The new paradigm is two or three guys, setting up a couple of desks and laptops in their garage, conquering their own corner of the web, and maybe making $1 million or more in their first year. All the brains and emotion are migrating to service-related businesses that stress their horizontality rather than verticality. It’s a mass-customization, high-bandwidth connectivity kind of paradigm."
Here's a link to the full article.
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Tribal Leadership
Fri, Aug 7 2009 04:27 PM
| entrepreneurship, change, business
| Permalink
I've been following how Tony Hsieh of Zappos and other companies structure their business models. This is a great audio book that can be downloaded for free that describes how companies at different stages function.
If you are an entrepreneur and love learning about business, this is a must listen/read. I plan to get the Kindle version after listening to the audio.
http://www.zappos.com/tribal.zhtml
If you are an entrepreneur and love learning about business, this is a must listen/read. I plan to get the Kindle version after listening to the audio.
http://www.zappos.com/tribal.zhtml
