I'm in the middle of Seth Godin's new
book, Linchpin, and I'm really enjoying it. It's a great read. He nails the
economic inflection point we are all currently experiencing. To illustrate this
change he talks about factories:
Factories convert natural resources into salable products. They turn iron ore into steel and corn into Twinkies. A surplus of natural resources cuts your cost and
increases your productivity. If human beings are a natural resource for
factories, then your goal as a factory owner is to get good, cheap ones.
The winds of change are blowing. And, terms
like factory are becoming a relic of an earlier age, especially in industries
like advertising and design.
Over the last couple of months I've had the
opportunity to spend time with some of the best minds in advertising and
design, from leaders of the current establishment to others who are just
starting their careers and everyone in between. The common thread in all of
these conversations is that the old agency model, based on being a creative
factory, isn't working. Everyone is frustrated.
As the transition to the new era of
abundance accelerates, new business models will emerge based on new principles.
And, old ones will die. It's time to move beyond the factory to the network.