I invite you to read the above named article which is featured on the Wharton School Publishing dated 10 November.

I found that the different views given by the writers to be very pertinent and informative.

The point of view I adhere most to is:

“While Kendall Whitehouse, Wharton’s senior director of student and instructional technology, agrees that, in general, “there’s more noise than signal” in much of the blogosphere, he also stresses that this doesn’t mean that there is no value in blogs. In addition to following a number of individual bloggers whose opinions he respects, Whitehouse finds worth in the aggregate voice of the blogosphere. “Sites like Digg.com let you track what’s happening in the blogging world in near real-time,” states Whitehouse, and can “give you an instant snapshot of what topics people are talking about.” Viewed in this way, the blogosphere may exhibit the same “wisdom of the crowd” phenomenon of community-developed content sites like Wikipedia.”

We are more so today, in a maze where the reliable and the unreliable information are mixed and confounded. The questions are: How to select them? Who are the issuers of the blogs and how reliable are they? Is n’t it a practice of our discerning skills?

Enjoy accessing to the Wharton School Publishing!

Many in our country view Globalisation as a threat. The industries and companies who have been enjoying positive results up to now feel unsecured. Why? They established their businesses in an environment and found the appropriate niche within the given set. Now and in the foreseeable near future, the environment and conditions are changing the « Fit for purpose » is changing. The thrust brought by Globalisation movement with its battery of changes is pressuring us externally with the new world rules imposed by WTO. If you have not thought of your « fit for purpose » in the fast coming environment, you will definitely feel unsecured and panicky.

Can you alter or intervene on the external factors changing the scene of globalisation? I would bet that there is not much (to be euphemistic) or there is nothing we can about it. The rollercoaster is rolling! The set of conditions which very prevailing when we found our niche of business and giving us our live hood is no more there. We may attempt to delay the effect on us. End of the day, it will be only a provisional and temporary measure. We need to « Fit back to our purpose » fast.

Those who are agile see in Globalisation new opportunities. I am still in the euphoria of the lectures of Timothy Radcliffe to whom I listened last night and last saturday. He said that against the back drop of Mass Media pumping us fear and negativity all day,we have to be the angels of hope and better tomorrows. He is giving a lecture @ the University of Mauritius today.Agility and flexibility of mind and spirit are the qualities we should nuture to drive us. So,I choose to hear Globalisation equals changes, synonymus to opportunities and challenges. In an editorial of the newsletter of a consultancy firm, I read:

« Although the word is widely used, globalization is much misunderstood.

A common mistake is to see its impact in over-simplistic terms: Asia wins,

While Europe and the United States lose. A sense of the passing of America’s

hegemony is palpable, while the rise of China and India is seen as irresistible.

These are developments of epoch-making proportions. It is probably not an

exaggeration to point to the post-World War II boom, or even the Industrial

Revolution, as shifts on a comparable scale. It is a work in progress that may

take 50 years – and, what’s more, the outcomes are neither predictable nor

inevitable.

Globalisation is for many companies both a threat and an opportunity. It gives

access to fast-growing new markets, but it can also bring new and unknown

competitors who have matured rapidly in distant parts. For a large number of

products and services the notion of a purely national market no longer exists. »

If we see Globalisation as an opportunity then we stand to being able to find our « fit for purpose » and be successful.

I would suggest that we review our business under three sets of filters:

Market Strategy and business model (What to, Choice to find the fit?)

Organisation structure and Processes (How to?)

People (Who?)

In short, new environment bring changes which we have to proceed with fast. Do you want to be in the “has been” companies or part of the enterprises of the present & future? Changes bring its lot of challenges with opportunies yet to be discovered. Entrepreneurs your role is to find you’re “fit for purpose” and you bring in creative solutions yet to be rolled out.

I am indebted to my friend Donald Lam, a Mauritian friend working in the UK who provided me the inspiration to write this blog after reading the editorial of his company Siddal & company.