Peter Fingar in Extreme Competition.
"The knowledge society is one of seniors and juniors rather than bosses and subordinates. The information society is more than just technology; it includes social, cultural, institutional, moral, and political dislocations during our transition from a brute-force industrial society,"
says Peter Fingar in Extreme Competition
It wasn’t the invention of the computer that triggered a great 21st century transformation, says Peter Fingar. “It was Sputnik in 1957, and the beginning of global telecommunications,” he adds, in Extreme Competition ( www.mkpress.com ). “Now all the world’s computers are linked by the Net, shrinking the planet to the size of the screen on your cell phone.”
To him, the dotcom crash of 2000 was not the signal for the beginning of the end. “It was a signal that we had reached the end of the beginning. The tinkering phase of the Internet was complete, and now it’s time to get on with the real transformation of business and society.”
The next big thing in business, according to Fingar, is not about dotcom booms. It’s about operational innovation and business transformation, driven by the emergence of a wired world, he declares. Discomfortingly for many, “the days of market stability and competitive advantage from a single innovation are over.”
So what is the path of salvation? “Today, companies must respond to new entrants in their industries that come from nowhere,” advises the author. “And they must not just innovate, they must set the pace of innovation, gaining temporary advantage, one innovation at a time, and then move on to the next.”
In the new breed of companies, the Internet is ‘a digital nervous system’ that makes “deep structural changes in their core business processes. They innovate not just with clever new products, they innovate with services wrapped around these products.”
Meanwhile, employees of modern corporations are not bound by the master-servitor bond, as earlier. Fingar cites the example of Ford Motor Company that once had its own ‘factory police force’ to monitor the men, and keep away people related to unions! “Today, specialised knowledge workers are, in growing numbers, not even employees of he corporations they serve. They are equals in creating the means of production, not indentured minions.”
Knowledge as business capital is the first of the five transformers that the book discusses. “The knowledge society is a society of seniors and juniors rather than bosses and subordinates.” The information society is more than just technology, explains Fingar. “It includes social, cultural, institutional, moral, and political dislocations during our transition from a brute-force industrial society to a brain-force economy.”
The Internet is the second driver. The author speaks of the Executable Internet or X-Internet as the next giant leap: Not page-by-page download as we’re accustomed to, but programs that execute on the users’ desktops. “The X-Internet is precisely why Google strikes fear in the heart of Microsoft, for Google isn’t basing its future on its search engine, it’s building the next-generation computing platform, wanting to supersede today’s dominant Windows platform.”
Heard about Ajax?
“Internet creative destruction, round two,” reads a quote of George Colony, Chairman and CEO at Forrester Research, that Fingar cites. “Now, you’ve got brains at both ends of the wire, resulting in a high-IQ, interactive, valuable conversation…”
Extremely important read.
says Peter Fingar in Extreme Competition
It wasn’t the invention of the computer that triggered a great 21st century transformation, says Peter Fingar. “It was Sputnik in 1957, and the beginning of global telecommunications,” he adds, in Extreme Competition ( www.mkpress.com ). “Now all the world’s computers are linked by the Net, shrinking the planet to the size of the screen on your cell phone.”
To him, the dotcom crash of 2000 was not the signal for the beginning of the end. “It was a signal that we had reached the end of the beginning. The tinkering phase of the Internet was complete, and now it’s time to get on with the real transformation of business and society.”
The next big thing in business, according to Fingar, is not about dotcom booms. It’s about operational innovation and business transformation, driven by the emergence of a wired world, he declares. Discomfortingly for many, “the days of market stability and competitive advantage from a single innovation are over.”
So what is the path of salvation? “Today, companies must respond to new entrants in their industries that come from nowhere,” advises the author. “And they must not just innovate, they must set the pace of innovation, gaining temporary advantage, one innovation at a time, and then move on to the next.”
In the new breed of companies, the Internet is ‘a digital nervous system’ that makes “deep structural changes in their core business processes. They innovate not just with clever new products, they innovate with services wrapped around these products.”
Meanwhile, employees of modern corporations are not bound by the master-servitor bond, as earlier. Fingar cites the example of Ford Motor Company that once had its own ‘factory police force’ to monitor the men, and keep away people related to unions! “Today, specialised knowledge workers are, in growing numbers, not even employees of he corporations they serve. They are equals in creating the means of production, not indentured minions.”
Knowledge as business capital is the first of the five transformers that the book discusses. “The knowledge society is a society of seniors and juniors rather than bosses and subordinates.” The information society is more than just technology, explains Fingar. “It includes social, cultural, institutional, moral, and political dislocations during our transition from a brute-force industrial society to a brain-force economy.”
The Internet is the second driver. The author speaks of the Executable Internet or X-Internet as the next giant leap: Not page-by-page download as we’re accustomed to, but programs that execute on the users’ desktops. “The X-Internet is precisely why Google strikes fear in the heart of Microsoft, for Google isn’t basing its future on its search engine, it’s building the next-generation computing platform, wanting to supersede today’s dominant Windows platform.”
Heard about Ajax?
“Internet creative destruction, round two,” reads a quote of George Colony, Chairman and CEO at Forrester Research, that Fingar cites. “Now, you’ve got brains at both ends of the wire, resulting in a high-IQ, interactive, valuable conversation…”
Extremely important read.

