What is Normal?
It is a mosaic of the things we know, the changes we experience, and the structural shifts that affect how we do business. It's our collective beliefs about the what – how – why – when – who of doing business. It is dynamic and changes as its elements change.
Long ago Normal was business correspondence written with a nib pen in your best cursive handwriting. Then came typewriters > the correcting Selectric electric typewriter > centralized word processing > PC-based word processing > email. Each step a change in what's considered Normal.
What is the New Normal?
During the past 2-years to 25-years how we do business has been changing and much of the evolution was doing the same things but using less resources or expanding into new (and usually non-domestic) markets. Normal was shaken up, got a bit tattered, and acquired some additional rhetoric when we spoke about it – but it was still recognizable as Normal. We 'd speak about 'getting back to Normal' but saw no movement back to that familiar place.
In the past couple of years, a New Normal has morphed (and is continuing to do so) into a vastly different descriptor of doing business – changes are surfacing that are nothing like those in the past, which are radically affecting how we conduct business. It is quite different from the past – New Normal...how things will be.
Here's two examples which emphasize the shifting focus to individuals and smaller organizations:
A couple of days ago, I went to a Google Talks session about App Developers and heard from a panel of 5 independents who write application programs for various portable and mobile devices (like tablet PCs & iPad, and the Android & iPhone). They create Apps to fill user needs, like: social media tools, communications/connections, storage of info, and games – sold over the internet. This has been the realm of the device manufacturers or software giants – and now is done by organizations of 1-10 individuals.
TV Week just reported that free-standing kiosks are now renting more movies that the bricks & mortar video rental stores. The kiosks are a hodge-podge of individual entrepreneurs and small companies.
These changes have evolved in just a few years and illustrate the shift in underlying structure of conducting business toward individuals and small organizations.
Is this just a couple of anomalies or does it show the tip of a strong trend? What do you think of the New Normal?
25 years ago, Peter Drucker observed that emerging business processes favored small and medium sized businesses. You didn't need fifty million bucks to buy a thousand pound press to form automobile bumpers. You could bankroll all your capital expenses for a service business with your Amex card (or now, Dell credit).
ReplyDeleteThe trick is to build an offering to make the New Normal leverage your skills.