Adapt to openness or else
Howard Lindzon has an interesting post on the future of hedge funds, in a nutshell he’s saying that technology is shaking things up, those who adapt and are transparent will survive and their reputations and credibility will improve helping them outlast the competition.
I think he’s bang on. And not just with regards to hedge funds, I think all industries are being shaken up by technology. Those that adapt and change will be the ones who thrive. And not just the investors in technology and tech companies, I mean all industries.
We’re using the internet more and more for research and having a good website that can be found (i.e. the company has done decent SEO work) can be the difference between acquisition and rejection. That’s today. Tomorrow being on twitter could be the difference between customer service in a hurry that is responsible for retention versus a costumer moving away from your service. I’m not saying everyone will be on twitter (although they should), I’m saying that technology is revolutionising the way we communicate and adaptation is necessary.
In a nutshell, it’s the same old story, adapt or die b*tches.
Business at the speed of thought was written by bill gates a long time ago. so were a plethora of books regarding ecommerce and technology, etc that argue this point. a little late, no?
September 2nd, 2008 at 10:29 pmFunny, MSFT was one of the companies I was thinking of. Think a lot of companies talk about it, but their not putting it into practice. Until they do the point still needs to be made.
September 3rd, 2008 at 9:30 am