SEPT 28, 2003
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Q&A: Jagdish Sheth
Given the quickening 'half-life' of knowledge, is Jagdish Sheth's 'Rule Of Three' still as relevant today as it was when he first enunciated it? Have it straight from the Charles H. Kellstadt Professor of Marketing at the Goizueta Business School of Emory University, USA. Plus, his views on competition, and lots more.


Q&A: Arun K. Maheshwari
Arun Maheshwari, Managing Director and CEO of CSC India, the domestic subsidiary of the $11.3-billion Computer Sciences Corporation, wonders if India can ever become a software product powerhouse, given its lack of specific domain knowledge. The way out? Acquire foreign companies that do have it.

More Net Specials
Business Today,  September 14, 2003
 
 
Future Works

A vision of how the digital world will re-wire itself to customer needs, business strategy lessons from Alexander, the point of productivity and doing the planet a good turn.

BACK OF THE BOOK

A good way to read this book is to read the cover and then go to page 318. There begins the chapter titled 'Conceptualising The New Enterprise Logic', which lists eleven metaprinciples of 'distributed capitalism'-as against the earlier command-and-control era of managerial capitalism-where individuals whose consumption is now 'individuated' get 'deep support'. Each metaprinciple is fairly radical.

All enterprises are part of a federation, which can change dynamically and is connected using a digital backbone. Time constrained consumers will be supported by advocates who provide deep support, ensuring that internet self-service models do not eat into a lot of consumer time. The authors take an imaginary couple, Lillian and Carlos Aceros, and trace their activities as David, their very human advocate, takes care of their needs. This is like private banking for all services, and more importantly for everyone. It is quite a graphic description of what future services could look like.

The Support Economy
By Shoshana Zuboff & James Maxmin
Allen Lane
Price: Rs 1,389.12
PP: 458

The authors claim that the new enterprise structure is as radical as the Copernican inversion. The way they describe it, it well could be. For example, cash flow is released into the federation once a consumer pays for his 'experience' and it then gets distributed to the different participants in the federation. Not only is it real-time, it is transparent as well.

Where are these federations going to come from? They could be new structures. Or existing companies like ups that could connect an insurance company, for instance, to its network. Well, like the authors say, the new capitalism doesn't come with an instruction manual. It will evolve.

As you read on, you realise that this is a managerial vision of the 'web services world' that technology vendors like Sun and Microsoft (the .net architecture) have been talking about all along. If you cancel an airline ticket, your corresponding hotel booking will get altered. David, the advocate, uses a web services backbone, but consults his consumers about their choices.

The first three parts of the book dwell on how the current enterprise structure, managerial capitalism, was designed for the industrial age of mass production, and how it fails customers (who are 'segmented' and subjected to pseudo intimacy) and employees (who have to leave their identity at the door when they get to work). Isn't all this a truism by now? But the husband and wife team of authors Shoshana Zuboff and James Maxmin bring in both a lot of research and practical experience-Zuboff is a professor at Harvard Business School and her husband Maxmin was the CEO of Volvo, UK, and is a board member in several companies.

The authors are widely read and have a wide range of experience; they draw parallels from math, science and nature. "The current organisational structure is like Euclidean linear geometry. Reduce complexity to simple lines. While the reality is like fractal geometry...". The authors also look at the history of enterprise, economics and sociology together to understand different management paradigms of the past. Very useful, if you're teaching or researching, or just have a lot of time.

The authors and their editors, however, have very little faith in their readers' ability to comprehend. Every point is enumerated, highlighted, reiterated, stressed and emphasised. A little annoying. The authors should take a cue from their own book, and keep in mind that today's consumers are time constrained.


Alexander
The Great's Art Of Strategy

By Partha Bose
Viking
Price: Rs 395
PP: 303

There are hardbacks and paperbacks. And then there are thinkbacks-of which this 395-pager is particularly riveting. Tracing all wisdom back to the Greeks is typical to Western intellectual custom. But this book is refreshing in its treatment, and in a sense, even its gestalt. The former editor-in-chief of McKinsey Quarterly, Partha Bose, succeeds in inspiring wonder at how much our current notion of 'strategy' owes to Alexander, if not in prompting a nod to the conqueror's being "the greatest strategist who ever lived".

That Aristotle-he of the 'First Cause'-pressed the young man's mind to test hypotheses, challenge assumptions, synthesise information and lead via intellect, gives the story its forceful guru-shishya theme. Bose is fair to Alexander's guru, "the 'facts' guy" (though not, alas, to his opponents Demosthenes and Darius), and would almost have you think of Sun-Tzu, Xenophon and Clausewitz as redundant under his battle leadership.

The author describes battle strategies vividly enough to match any Abraham Eraly book. Alexander emerges most spectacularly from Gaugamela, in Babylon, where he feigns falling into a head-on trap, only to suddenly re-order his army into an oblique pattern, storm Darius' larger-but-confused army, and then lead an arrow cavalry formation searing through to its core.

Of the modern-day strategy analogies that punctuate the book's biographical narrative, Alexander's passion for local intelligence (Unilever) and elaborate Jhelum-crossing deceit (Normandy) are quite convincing; his choice of battlefields (smalltown Wal-Mart) and leveraging of Trojan mythology (hp's garage) less so.

Yet, for all his genius, chivalry and post-conquest attempts at cross-cultural integration, Alexander failed miserably as an empire unifier. In his megalomania, he failed his guru too. His motivational methods were far from universalist, and he died in 323 BC-only 32-a tragic figure, unabashedly keen to have his subjects genuflect before him.


Less Is More
By Jason Jennings
Penguin
Price: 920
PP: 248
A call to productivity action from the man who grew famous saying it's the fast who eat the slow, not the big who eat the small.

Walking The Talk
Charles O. Holliday, Jr., Stephan Schmidheiny & Philip Watts
Greenleaf Publishing
PP: 288
Chiefs of Dupont, Shell and Anova on sustainable development-and making business work for everybody. It's a strategic issue, they argue.

 

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