Business around the world has moved in rapid force towards building eco-systems to effectively compete in today’s markets. The smartest of these businesses have conducted serious reviews to identify what their core competencies are, and focus on developing those, while solving everything else in creative manners.
Think about the ‘buzzword bingo’ lingo that references this:
· Asset light business (AMD and Dell with factories, Rackspace and The Planet for IT Hosting)
· API (I know generic, but linking 2 disparate applications and having them play well together so can focus on building only 1)
· Outsourcing (near anything and everything- from call centers to back office support)
· Services Firms (consulting, accounting, finance, advertising, etc)
· Aggregators (E-Bay, Amazon anyone?)
· Wiki/Blog/Communities (social media on the Web is a fundamental way to build an creation and distribution system for information)
Oddly enough when we take a step back, we see how this had affected our personal lives.
We already see such things as:
· Concierge services (your errand runners)
· Pick-up/take-out/delivery (of near anything now from food to clothing)
· Services (accounting, brokerage, cleaning, lawn service)
It is already happening. How much farther will it go? If my core competency is not working out, will someday I be able to contract with someone who is, and get the benefit for myself? Could I contract out my sleep, and still feel rested when someone else much better at sleeping does it for me?
Is this what we mean by building out our personal ecosystem? Or will we take it too far?
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