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elizabethv
elizabethv
11/22/2017 6:52:18 AM
User Rank
Platinum
Re: A lot of "sunk costs" in older network tech...
@DHagar - I completely agree, we need smaller businesses to work to create new ways to ensure smaller businesses can survive in a market inundated with corporations that can survive by barely trying. I would suggest a change in culture, to encourage people to take the time to find smaller businesses to support. But realistically, we are all creatures of convenience. And corporations make life convenient. 

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DHagar
DHagar
11/20/2017 6:34:15 PM
User Rank
Platinum
Re: A lot of "sunk costs" in older network tech...
@ms.akkineni, thank you for your kind remarks! 

Actually, that has been my experience.  I was just in a meeting this morning with a peer who asked the question, "why is it so difficult for us to be willing to learn"?  And we discussed that we have to understand what/how the current answers no longer work and be willing to ask new questions and learn the new answers that evolve - ie "discovery driven planning".

I believe that is the key to the new digital economy.

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ms.akkineni
ms.akkineni
11/20/2017 3:26:18 PM
User Rank
Platinum
Re: A lot of "sunk costs" in older network tech...
@DHagra:

I like the way you come up with meanngful labels like 'discovery driven planning'.

You are very true in saying that this should have been a learning in 80s ideally. But that wasn't the case unfortunately. Late better than never.

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DHagar
DHagar
11/16/2017 5:43:45 PM
User Rank
Platinum
Re: A lot of "sunk costs" in older network tech...
@ms.akkineni, yes, I fully agree.  It becomes "discovery-driven planning".  We have to lead and provide better new models but then test, validate, and adapt to the changing markets.

That lesson should have been learned in the 80's when the US automakers lost market share to Japanese companies; who did a better job of responding to markets and changes.

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DHagar
DHagar
11/16/2017 5:41:12 PM
User Rank
Platinum
Re: A lot of "sunk costs" in older network tech...
@elizabethv, excellent assessment.  Yes, and this divide and conquer at any price mentality will accomplish nothing. 

We truly have to develop new economic infrastructures that bridge and enable existing businesses to compete, along with industrial transformations that attract new capital.  We need economic corridors that can link and promote the small-to-large in combined collaborations in delivering new products/services.  That is why I believe so strongly in "transformation", and the innovations of leaders like Huawei in building new models.

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DHagar
DHagar
11/16/2017 5:36:55 PM
User Rank
Platinum
Re: A lot of "sunk costs" in older network tech...
@batye, if not, we can easily be replaced by machines!

Interestingly, there is a ventures capital funding group working now in Silicon Valley that are solely funding applications for development of consumer-driven products that will improve the quality of life.  So there is a recognitiion of the need for the human factor - not only in employees but with consumers.

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ms.akkineni
ms.akkineni
11/16/2017 10:53:31 AM
User Rank
Platinum
Re: A lot of "sunk costs" in older network tech...
@DHagar:

Can't agree more. Organic growth becomes very critical in this fast paced market. I believe following market conditions is equally important to be able to think and drive new initiatives. Do you agree?

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elizabethv
elizabethv
11/16/2017 9:35:29 AM
User Rank
Platinum
Re: A lot of "sunk costs" in older network tech...
@DHagar - I think the aspect of human capital is largely ignored and overlooked right now. Which realistically doesn't make a lot of sense. You can't price people out of the market. You can't sell a product for so much that people can't afford to buy it, or you end up with no market. The real problem we have right now, is that mega corporations can afford to float failing businesses. The Sonic that I helped to open never made a profit. The owners built it just because they knew they would be able to claim a loss on the building. Which plays into the article I had found and read recently. A lot of Wall Steet big wigs (that is the specific term) are currently investing in restaurants to off set the retail shift that is happening with brick-and-mortar stores. What isn't being accounted for is the mom and pop restaurants that can't compete because they only have 1 store and that store has to make enough money to stay afloat. And now, instead of competing with 10 restaurants in the surrounding area, it could be competing with 20 or more. The human capital just isn't a concern for these massive companies. 

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batye
batye
11/16/2017 6:55:36 AM
User Rank
Platinum
Re: A lot of "sunk costs" in older network tech...
@DHagar thank you, the sad reality everyone looking at bottom line keep forgeting human factor or how to be human... I look at this way technology should be integrated in our life... but we should keep our humanity... 

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DHagar
DHagar
11/15/2017 6:19:16 PM
User Rank
Platinum
Re: A lot of "sunk costs" in older network tech...
@ms.akkineni, thanks!  Organic growth provides the space and opportunity to drive the new rules for competition and deliver the maximum returns.  The ability to "drive", as opposed to follow, these changes is a much more desirable result.

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