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Week’s Best of Traditional Media - October 7, 2020

by Scot Herrick on October 7th, 2006

Do you read a lot keeping up with your industry, your work, and your life’s passions?

We do. We like to read and research, of course, but we also read to find the best products, tips, tricks, and pimpalicious treats to share with you in our writing.

This inaugural weekly post is one where I pick the best “traditional media” (read: magazine, newspaper, TV, cable) article or series of articles that made me sit back and wonder why I didn’t write that. Agree, or not, it’s OK. Does the article make you think in a different way? Success!

The coffee’s hot; perhaps the additions to the coffee move it up a notch. Put your feet up, kick back and enjoy some electronic wonder from PYW.

This weeks traditional media article is from Fortune magazine’s group of articles called Managing in chaos.

The fundamental premise of the article is that companies can no longer cling to a business model that has outgrown its usefulness. That’s not the big deal. The big deal is that the business model is falling apart faster and faster, often in as little as four to five years. This is reflected in many ways, one being “73% of the stocks in the S&P 500″ labeled as “high risk.” Yes, that index stock you have that tracks the markets ups and downs is made up of high risk standard bearers.

The article explores some of the many reasons why the business model is failing faster and how some companies are trying to manage the chaos that results from the creative destruction.

Managing amid the chaos has become the central problem for companies of every kind. It is a predicament that arises from the very nature of today’s economy. And the solution requires a retraining not of skills but of mindset and assumptions. The biggest challenge has less to do with corporate strategy or management structures than with the nature of human beings and our instinctive reactions to change.

Understanding what is in this article should be important to you because management that makes poor decisions in this area lay people off, lose money, and are often going to get bought up or go bankrupt, all affecting our ability to enjoy the work we’re doing.

Give it a read and let us know what you think. You can catch it at: Managing in Chaos.

Enjoy your weekend.


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POSTED IN: Best of..., Cube life, General work pimps

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