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Thursday, April 20, 2017

Bain on the Firm of the Future

Not so much technology oriented, but about the basic notion of the firm.  Good, broad view.   Especially for technologists, who often believe it is all about tech advances.  Its also about business process and how to deliver value.

The Firm of the Future

April 12, 2017 Bain Brief By James Allen, James Root and Andrew Schwedel

In the world of the firm, something is changing. It’s not that your local bookstore went out of business. Or that your taxi driver now rates you on a 5-point scale. Or that anything can now be outsourced, allowing even the smallest firms to rent capabilities on demand. It’s more profound than these.

The prevailing paradigm that has underpinned business for the past 50 years is under review. The simplest version of that paradigm is that firms exist first and foremost to deliver returns to their shareholders’ capital—and the sooner they deliver it, the better. We will describe the challenges confronting this paradigm. But the first question we asked as we observed the changes was this: Is such a shift unusual? Has the idea of the firm been consistent over time, or has it changed before? ... " 

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