{"id":1699,"date":"2010-04-02T19:27:00","date_gmt":"2010-04-02T19:27:00","guid":{"rendered":"http:\/\/localhost\/projects\/horsesforsources\/the-new-relentless-economy-why-its-time-to-stop-being-scared\/"},"modified":"2010-04-02T19:27:00","modified_gmt":"2010-04-02T19:27:00","slug":"the-new-relentless-economy-why-its-time-to-stop-being-scared","status":"publish","type":"post","link":"https:\/\/www.horsesforsources.com\/the-new-relentless-economy-why-its-time-to-stop-being-scared\/","title":{"rendered":"The new relentless economy: why it\u2019s time to stop being scared"},"content":{"rendered":"
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The setting sun in Savannah… and it’s also time to sunset those inefficient processes<\/dd>\n<\/dl>\n

We\u2019ve talked a lot about the fear of change<\/a><\/em> when companies\u00a0explore radical steps to overhaul their global operations, and outsourcing undoubtedly represents a major change<\/em> for most organizations used to running things a certain way for a very long time.\u00a0<\/strong><\/p>\n<\/div>\n

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People are scared right now \u2013 they feel threatened and are struggling to visualize where their careers are heading, where their organizations are heading, where the economy is heading.\u00a0 But why be scared?\u00a0 Shouldn\u2019t we be filled with hope with this revitalized quest for improvement<\/em>?<\/strong><\/p>\n

Having just spent two rather pleasant days with the excellent Sourcing Interests Group, enjoying (too much of)\u00a0the carbohydrate-infused southern hospitality of Georgia\u2019s Savannah, the common theme of discussions was centered on this relentless pace of change, and the in-exhaustive corporate pursuit\u00a0 of cost elimination that is gripping the post-recession economy.\u00a0 And executives are worried.\u00a0 But why should they be?<\/p>\n

Why we need to stop worrying<\/span><\/strong><\/p>\n

We\u2019ve entered into an era which we have been demanding for a long, long time:\u00a0 companies finally waking up, prepared to take definitive action to improve their global operations.\u00a0 That means getting better at how efficiently they can close their books, pay their staff, hire\u00a0new staff,\u00a0manage their suppliers, collect their debts, support their customers and access accurate, timely data to make decisions.\u00a0 Essentially, this entails ironing-out broken or inefficient process flows, sourcing better applications to enable them, and engaging talent to support them that doesn\u2019t cost the earth.\u00a0<\/p>\n

The fear comes from the fact that better automation and better process flows ultimately means organizations need less people to manage them.\u00a0 \u00a0But won\u2019t that mean these organizations will be able to re-invest some of these newly-acquired efficiencies into areas that can help them develop new products or services, increase their sales staff,\u00a0enter new markets,\u00a0better manage their supply chains, investigate the potential of Cloud computing or video conferencing technology, or even, heaven forbid, develop their staff?<\/p>\n

What we are witnessing is a re-distribution of human capital in today\u2019s economy \u2013 not necessarily a reduction<\/em> of human capital.\u00a0 Many of us will need to explore role transformations where we take on jobs or responsibilities that we never imagined a few short years\u2019 ago.\u00a0 This change<\/em> is one of new learning, new experiences, new challenges.\u00a0 It\u2019s about improving our own<\/em> talents.\u00a0 One thing is clear:\u00a0 we won\u2019t have a choice not to\u2026<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The setting sun in Savannah… and it’s also time to sunset those inefficient processes We\u2019ve talked a lot about the…<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[48,80,81,87,832],"tags":[442],"ppma_author":[19],"yoast_head":"\nThe new relentless economy: why it\u2019s time to stop being scared - Horses for Sources | No Boundaries<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.horsesforsources.com\/the-new-relentless-economy-why-its-time-to-stop-being-scared\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The new relentless economy: why it\u2019s time to stop being scared - Horses for Sources | No Boundaries\" \/>\n<meta property=\"og:description\" content=\"The setting sun in Savannah… and it’s also time to sunset those inefficient processes We\u2019ve talked a lot about the...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.horsesforsources.com\/the-new-relentless-economy-why-its-time-to-stop-being-scared\/\" \/>\n<meta property=\"og:site_name\" content=\"Horses for Sources | No Boundaries\" \/>\n<meta property=\"article:published_time\" content=\"2010-04-02T19:27:00+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/www.horsesforsources.com\/wp-content\/uploads\/2010\/04\/Savannah-Sunset_inefficiency.jpg\" \/>\n<meta name=\"author\" content=\"Phil Fersht\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@pfersht\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Phil Fersht\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.horsesforsources.com\/the-new-relentless-economy-why-its-time-to-stop-being-scared\/\",\"url\":\"https:\/\/www.horsesforsources.com\/the-new-relentless-economy-why-its-time-to-stop-being-scared\/\",\"name\":\"The new relentless economy: why it\u2019s time to stop being scared - 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