20th Century Versus 21st Century
March 23rd, 2010
In the past year I have found that framing conversations about certain topics with the context of being of the 20th century or of the 21st century to be clarifying for most people.
I have written extensively about humanity being in transition between the Information Age and the Shift Age. Those who have heard me speak or read my writings come to understand and accept this. That said, this is a higher concept than the simple reality of the calendar. No one can dispute the numerical fact that we are 10% into the 21st Century, unless you want to debate whether the scientific concept of linear time verses the older concepts of cyclical time or chaotic time.
Once you start to look at the world, its’ institutions and both business categories and specific companies, through this 20th versus 21st century filter, things become clearer.
Here are some examples:
| 20th Century | 21st Century | |
|---|---|---|
| Automotive | Chrysler | Tesla |
| Airport domestic | LaGuardia | Denver International |
| Airport international | Heathrow | Montevideo |
| Media | long list | Internet |
| Political Parties | Democratic
Republican |
??? |
| Energy | fossil fuels | alternative energy of all sorts |
| Organizations | hierarchical | flat |
| Transaction costs | significant | moving toward free |
| Production | mass | micro |
| Authority | vertical | horizontal |
I could go on for pages, but the lists above should both provide clarity and food for thought.
A very simple way to look at the world is through this filter as it will bring clarity as to what will last and what won’t, to what will be significant and what will not be. It is clear that companies created in the 20th century that …
Magazine Publishers Find They No Longer Live in Kansas.
October 21st, 2009
To many, the absolute collapse of the magazine industry in 2009 may seem stunning. What is stunning to me is that the industry didn’t see it coming and take steps to avert this collapse. Once again, another industry can only see a year ahead and thinks that a down year – 2008 – would be followed by a flat or up year. Historically in the advertising business that has been the career experience of the senior executives, so why not look to the past for reassurance?
The Big Three auto companies had an insular culture that didn’t pay attention to outside forces. They only focused on the fact that they could make $1,500-2,000 profit per SUV and pick-up trucks, so they just kept making them hoping – not thinking that is for sure – it would all continue. We know where that led.
Conde Nast took pride in its’ high level extravagant culture. Bright and shiny and expensive always worked in the past, so hey, we’ll be ok in the future. Whoops! It looks like we have to shut down some new and iconic titles as they are no longer viable businesses.
Business Week, one of the iconic business publications of the last half century was sold for $5 million. Sounds like what was a good revenue week three years ago. Who bought them? The well diversified, global, multi-media, multi-revenue stream Bloomberg. Just think about an on-line and video, global weekly news and feature product called Business Week, served up on consoles and …
Painfully Correct
March 3rd, 2009
As a futurist, part of what I do is to present the future to audiences and readers around the world. Presenting a vision of the future, making predictions and developing forecasts is what a futurist does.
Regular readers of this column know that since last September I have presented you with a number of economic forecasts and predictions. There has been a constant flood of economic information and revised predictions in the media. Economic forecasters seem to be rushing to revise their forecasts of just a few months ago to try to stay ahead of the tsunami of bad economic news. In this environment I thought I should take a look back to see how accurate my forecasts to you have been.
I take great pride in my ability to make correct forecasts and predictions for you my readers, to the audiences I address and to the clients I advise. In this case the correctness of my predictions are, unfortunately, extremely accurate.
Last fall, in a column titled “The Collapse of …
This Great Recession is Actually Green
February 17th, 2009
The Great Recession of 2008-2010/11 is going to be a very tough time economically. As I wrote in my Forecast for 2009, this economic collapse brings four words to mind.
The first word is contraction, which is the standard way to view a recession. Economic activity contracts and we are in a recession, economic expansion represents the end to the contraction. The contraction was severe in the fourth quarter and will be so in the first quarter and second quarter. Output and consumption are in a deep fall right now and will remain so.
The second word is cleansing which in this context means that old ways of doing business, of looking at only the upside, of embracing debt and extreme leverage must and will be cleansed from both the economy and the way that people think. The casino capitalism of the past 20 years will soon be viewed as an unsustainable exercise in individual and corporate greed.
The third word is reorganization. To quote from the linked column …











