Today's Workforce in the Global Marketplace

Coaching Tip

They constantly generate new innovations; they use new networks to solve problems in an innovative manner, provided their interest is piqued. The network economy is going to be mainstream. As a leader, you must engage your Gen Y Digital Cowboys to expand your network of contacts to both retain and expand your company. Do you feel that you are out of touch as a corporate leader when dealing with younger generations of workers? Well, have no fear!

Books 27

The Serendipity Machine

Mills Scofield

Sebastian, an organization hacker, is the author of The Serendipity Machine - the inspiring story of the highly innovative, international coworking network It is an attitude of openness and sharing that anyone operating within a social network needs to have anyway.

Trending Sources

What Uber’s China Deal Says About the Limits of Platforms

Harvard Business Review

Are there really global network economies? While network economies generally are regarded as critical to winning with platforms, they, like economies of scale, often seem to be overestimated by executives. Do switching costs help sustain network advantages?

Why the Problem with Learning Is Unlearning

Harvard Business Review

” But in a networked economy, the nature of strategy, value creation, and competitive advantage change from incremental to exponential. They look to create network effects through ecosystems of customers, suppliers, and partners. In the area of organizational design, we are seeing an evolution from formal hierarchies to fluid networks. To truly become a networked organization, you need decision principles that create both alignment and autonomy.

Business School Professors Should Be Like Movie Directors

Harvard Business Review

Professors must think of themselves as experiential movie directors for a production of Global Business in the Networked Economy , orchestrating and coaching a multinational cast of actors through experiments – and stepping off of the stage for a broader purview. As business school professors, we always ask ourselves why we are needed. Because we train future leaders and shape how organizations create value for societies. But will students need us in the same capacity in the future?

Profit Is Less About Good Management than You Think

Harvard Business Review

Revenue moats are usually linked to intangible assets (including brands and patents), high switching costs, and network economies. STEVEN MOORE FOR HBR.