Knowledge Management:: Why Management Consulting Will Be Disrupted: Part 1
Friday, 16 August, 2013 2 Comments
A lot more than Management Consultants NEED to learn from “interactions” and interdependencies IF their particular skill-set is to remain relevant. The world is better understood when viewed, as it can be in the Digital Age, as an infinite series of inter-connected systems.The core message is that both THREAT & OPPORTUNITY lie within such (inter) connectedness but the winners of the current, turbulent and competitive marketplaces are those who understand the real power of creating RESILIENCE by developing TRUST & INTERDEPENDENCE (the collaboration that the author highlights).
But you cannot buy trust. It has to be earned and, in times of such ambiguity and uncertainty, competition without differentiation (beyond pricing) is not sufficient.
As Clay Shirky famously(?) said “It is easier to understand that you face competition than obsolescence”
The ‘Risk Leaders’ of the future need to recognise that to accelerate the process of understanding they require to trade TRANSPARENCY – demonstrable, shared, principles – for INFORMATION. Otherwise the (oft overlooked) frictional costs associated with transforming data into information remain. Along with the unidentified sources of excessive complexity and ‘manageable’ risk that, unmanaged, add to volatility, increased uncertainty and – when spread through interactions – can lead to contagion (or ‘systemic risk’)!
We are living in a knowledge driven economy that is