Tuesday, July 12, 2005

Competing alone is risky

Life is now just too complicated, and society changes too fast. Nobody can afford to compete alone. Even big corporations form alliances. Remember Microsoft and Intel? They formed an alliance called Wintel (Windows + Intel).

Gary Hamel, preeminent strategy author, wrote that forming coalitions in order to access core competencies or markets, is an effective way to get to the future first.

It is likely that as professionals grow more aware of the centrality of their talent to the economic well-being of their employer, they will begin to network more aggressively and proactively, in order to maximize their career options and gain bargaining power in negotiating employment terms with employers.