Harvard Business Review

Mr Gulalai's example is a horrible example to quote in an article from such a respected magazine.
There could have been better example than to use the misery of an innocent goat to one's advantage as an example.

That was painful to read, however, it is making me think.
thank you!

Dr. Wright
The Wright Place TV Show
www.wrightplacetv.com
www.twitter.com/drwright1

Innovation revisited !!

Although I dont see any relevance to the current economic situation to "The goat-slayer" example, I would prefer companies to re-think business models from a more social perspective since the situation now will take longer to return to nornal levels primarily due to loss of faith in the system. Making a business model more inclined towards keeping human-objective in mind rahter than profet-margin objective will restore faith in people about the purpose of corporations.

What is needed is a business system that works well in good and challenging. These demanding times offer the opportunity to reflect how current business systems are not working and need reinvention.

Corporate executive and others throughout the organization needs to appreciate the importance of creating and using a no-nonsense business governance system that integrates healthy policy creation and deployment with a no nonsense blending of scorecards, strategic planning, business improvement, and control. What is needed is a substantive business system that addresses the complexities of today’s business environment, which executive orchestrate.

In a December 2008 American Management Association (AMA) article (http://tinyurl.com/7urqh5 ), a 9-step 21st century business management governance system is described that addresses these needs and how a company benefited from its deployment.

Reading through this rather strange article about finding in our business as a prescription guided by identifying through "situational awareness",an equivalent to "Mr.Gulalai's daily goat" one can note not only that presupposed clever people are able to say silly things,but can in a certain sense be amusing in their stupidity. "The tragedy of life is what dies inside a man while he lives."- Albert Einstein,once said clearly not by mere coincidence. Monitoring certain articles written by experts,one begins to wonder if humans when facing the absurdities of life do not tend to turn into savage beasts and gradually loose their reason. It becomes tragically obvious that so many have ambition and so few have ability. We can only hope as a declining civilization that human life will not come to an end, before our story has been completely written. There is only one crucial question that I begin to have serious doubts if it will be ever answered in the forthcoming years -"Where did all that 'virtual money' that 'vanished' end up? In an alternative reality maybe!?" What was left for simple minds like us is how to utilize user-friendly "Business Models for Bad Times."

A major key to survival for any business is the ability to innovate and work out a simple business model that delivers return to all stakeholders.

Mr. Gulalai's business model (although weird) simply demonstrate that opportunity lies everywhere, if only we are willling to pay the price (because he faced the risk of getting blown by the land mines himself).

Reminded yet again of the great Irving Wladawsky-Berger's prescient comment from a couple of years ago at our annual summit.

The former vice president of technical strategy and innovation at IBM, who has been behind so much of what’s gone right at the company during his long tenure there—from the Internet to opensource-said he wondered whether Big Blue would have been able to make such deep, transformative changes had the company not traveled to the edge of extinction. “Can a company reinvent itself without going through a near-death experience?" he was asked. "I don't believe so," he responded.

So to your own point "Hard as it may be to innovate under even the best of circumstances, it takes a special gift to innovate in extremis." - I'm not sure I entirely agree. Particularly as it relates to business model innovation. I'm curious what others think. This is an area of interest for me and I haven't been able to uncover many examples of business model innovation beyond those from an upstart entrepreneur (i.e. Netflix) or from a company sitting on the edge of the abyss (i.e. Apple, IBM).

People say lots of things about global financial crisis and its impact - but let's think together - which of us knows really reasons of this crisis? Can you fundamentally explain the people really reasons of this crisis???
I really regret to express my opinion about this crisis but I am sure it will be more painfull, more durable and will have more dangerous results than in 30th years crisis , 20Th century.