Dennis Howlett at Bazaarz
asks a valid question to my recent posts about doing buisness with China and India: “What about when
Dennis, we should all be worried – not just you in
I worry when I read this Fortune article - Is America the World's 97-lb. Weakling?
I worry about
But then I read this Fast Company interview with Jeff Immelt, CEO of GE - he is a man who worries about his daughter Sarah and his 300,000 employees - I am somewhat less worried.
From my much humbler perch, I believe we have 2 options:
can channel our worry into moving up the value chain or
b) We can worry and put up barriers
Japan evolved from a “utility” provider to an “innovation” provider.
But why did
Similarly, why did
They have leveraged our best education and thinking while
our incumbents have been coasting. We want our CIOs to feel guilty for
offshoring. Honestly, we should blame
the IBMs more. We should blame ourselves as workers for continuing to expect a lot of money
for flipping SAP switches.
But let’s look ahead. In our sector, we are used to disruptive technologies and I would like to think we will make the transition well. Like BA, we will hopefully invest in automation, improved processes, get used to lower margins and become much more competitive and innovative. Just look at what this gallery of CIOs is innovating with technology.
Also look at what happened at demand patterns in
Something similar is happening in
I think it will take
Now let’s take the other scenario – if the West actively ignores
Which brings me back to Jeff Immelt. He may say he is not
worried about his daughter’s future. But GE is investing heavily in R&D. GE is well positioned to earn money in
But when I see reasoned confidence like his, I am much less worried. I am encouraging my kids to think about a global career, though. For the rest of us to become like GE we will have to adopt more of an global mentality, travel more, relocate more.