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Provide true value or advisers are 'toast'
April 12, 2010 | G & M | DAN RICHARDS. "punctuated
equilibrium" is working its way through the fin. industry. The late
scientist, Stephen Jay Gould, identified this concept. His insight was
that while change is a constant, the pace of change isn't - for
millennia, species have gone through centuries of slow, almost
imperceptible change, interspersed with short periods of incredibly
rapid and intense shifts. In the last 30 yrs, most industries have had
to adapt to an entirely new set of rules. Change agents like Wal-Mart,
Costco, & Amazon.com have reshaped retailing. Mfg has been
transformed by globalization & China. The Web has decimated the
traditional biz model for newspapers. Svcs. have seen the effects of
off-shoring. The investment industry is going through that same epochal
transformation. Defining tomorrow's winners is their ability to
demonstrate clear, compelling, discernible value: not a plan itself, but
what a plan accomplishes, and the communication of what the plan achieves.
financial_advisors  Dan_Richards  indispensable  competitive_landscape  generating_strategic_options  adaptability  Charles_Darwin  evolution  value_creation  theory_of_evolution  financial_services  disequilibriums  change_agents  constant_change  value_propositions  Communicating_&_Connecting  accelerated_lifecycles 
august 2010 by jerryking
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