Monday, April 23, 2012

Guideposts

Each guidepost is an observation or way of thinking the seems to warrant attention.

Driving or skiing in the fog is unnerving without any sure sign of orientation.  When a single recognizable object is visible in the mist, it provides a sudden and comforting point of reference--a guidepost.  To aid my own vision into the fog of change I use a number of mental guideposts.  Each guidepost is an observation or way of thinking that seems to warrant attention.

The first guidepost marks an industry transition induced by escalating fixed costs.  The second calls out a transition by deregulation.  The third highlights predictable biases in forecasting.  A fourth marks the need to properly assess incumbent response to change.  And the fifth guidepost is the concept of an attractor state.

ACTION POINT: Are any of the guideposts apparent in your industry?

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