Hi Friends,

Even as I launch this today ( my 80th Birthday ), I realize that there is yet so much to say and do. There is just no time to look back, no time to wonder,"Will anyone read these pages?"

With regards,
Hemen Parekh
27 June 2013

Now as I approach my 90th birthday ( 27 June 2023 ) , I invite you to visit my Digital Avatar ( www.hemenparekh.ai ) – and continue chatting with me , even when I am no more here physically

Monday 20 May 2013

Make Yourself Obsolete


Dear Team

Some 40 years ago , Theodore Levitt  wrote an essay titled ,
Marketing Myopia
In that , he summarized ,
If you don’t make yourself obsolete , someone else will
And , after 30 years , it is obvious that , that someone need not even be a competitor from your industry
3 years back , none of us anticipated that , a web site called LinkedIn , would pose a serious threat to Recruitment / Headhunting Industry
But , today it does – and it was not even a brick-and-mortar competitor !
Client companies , under tremendous pressure for cutting costs , are now bypassing the middlemen ( the headhunters ) and approaching candidates directly
Can you guess what next ?
Imagine the following scenario :



Sharad Nandurdikar ( SIMON ) walks into a seminar wearing Google Glasses ( I believe , launched yesterday @ $ 1,500 /- for select customers )
Also walks in Mr Pandit ( imagined name ) , General Manager - Erection , of Essar Projects , also wearing Google Glasses
Even as the two are introduced by a common friend , each is looking at the LinkedIn profile of the other in his own Google Glass
Sharad also reads ( of course , in his Google Glass ! ) that Pandit has been reported in some newspapers as being unhappy at being superseded in a recent organizational reshuffle in his company
And , on his part , Pandit is reading news about the massive orders that SIMON received recently and that it is out recruiting for a Vice President, Engineering
Instinctively they strike up a discussion and , within a few minutes , retire to a sofa outside the seminar hall , to explore the possibility of joining up
By the time, they meet up again in a hotel room in the evening , Sharad has managed to make necessary “ Reference Checks “ on Pandit , as also his Credit Rating with a reputed Agency ( specializing in this work )
As soon as the Compensation negotiations are concluded , Sharad whispers to his Google Glass , which , instantly emails the Offer Letter to Pandit’s Google Glass
In turn , Pandit whispers to his Google Glass , which transmits his Acceptance of Offer to Sharad’s Google Glass



Does this seem far fetched ?
 Does even LinkedIn anticipate obsolescence from a piece of extremely intelligent , Omnipresent , Omniscient , Omnipotent hardware ?
In a normal course , I would have added ,
“ I may not be around to see this happen “
But , the rate at which , Innovations are surfacing – and making entire industries obsolete , for all you know , I may still be around to see this !

Moral of the story :

Don’t wait to be forced by your clients or your competitors to “ Innovate “
By then It may be too late
40 years back , when Admiral Rickover of US Navy floated a tender for the first nuclear submarine , he made it a condition that companies making an offer shall incorporate a PERT chart , clearly specifying all the activities and the Critical Path for project completion
Thereafter , this has become a Standard Condition for all US Defense Contracts
Do you want to wait till ,

Ø Either your client starts insisting on a simple Gantt Chart along with your offer

OR

Ø One of your competitors starts doing this – and you have to meekly “ follow suit “ , having missed the opportunity to make your competitor “ Obsolete “ ?

Regards

hcp


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