Wednesday, June 23, 2010
Relationship Between S & P Index and Associations?
Yesterday, I was at Carnegie Mellon University attending The Innovation Experience with Frans Johansson, author of best selling book, The Medici Effect. You can learn more about this at www.themedicieffect.com.
In his talk given at the start of the day Frans made a statement that really grabbed my attention. He shared that in the not too distant past, when a company made it S & P, it stayed on it for typically 30-35 years. Today, that has dropped to 10-15 years, implying the life cycle of businesses has compressed drastically. Given the increasing rate of change that is occurring globally, which I can only assume is going to further accelerate and life cycles of businesses and career are going to further compress, this raised some serious questions in my mind, some of which are as follows:
1. Given this climate, what impact will this have on associations?
2. Just to survive, let alone thrive, what new thinking will be required?
3. What thinking will be have to let go of?
4. What are the beliefs and assumptions by which we are/have been leading our associations?
5. Of these beliefs and assumptions, which ones will need to be reexamined, let go, and what new ones will we to take on?
What are your thoughts on this?