Well the IT Tech industry only has itself to blame for being in this position.
When you put all of your Fate & Destiny in the Mortal realm of “Power Stars” aka the stock market IPO valuations and rag to riches glory, then what do you expect. The business model is broken – expecting to become the Number One honcho on the block just because you’ve invented a great product and idea and suddenly turn it into greed by using the reasoning that hey – we can make tons of dough from stock.
The race changes from being really cool and innovative to being darn right in cahoots with stock markets analysts who’s snake oil comments break or make companies at internet speeds.
Nortel knew it was in trouble from the get go when it hired me. However that didn’t stop it from making stupid merger and acquisition of questionable value just to snap up companies and kill the competition while looking good on paper temporarily on the stock market.
Nortel was but one of them, fill in the blanks on all the other lemmings that followed suit.
When the NEW GOD is the CASH COW of a finicky, panicky few people with hair trigger fingers on sell buttons, then you don’t control your Destiny, you are at it’s mercy. Time to rethink that economic success model, it’s broken and very short lived – what 18 months sounds right to me for now. Facebook learnt that lesson.
If the IT Tech industry can learn anything from the past it’s this – put out great revolutionary products that improves people lives by reducing their NRGY output requirements – in other words things that helps improve quality of Life Standards. Stay humble cause the fall is much harder from higher up. Don’t count on the stock markets to bail you out. Put some really cool Googleness into your next generation of workers, but don’t help to spiral an out of control sense of entitlement that ends up being self destructive for both people and companies. Last but not least, engage the public through cool marketing ideas that makes things light, fun playful and human. We don’t want robots in our lives, humanity wants more quality.
More is not better, less of a better thing is the ‘IN’ thing.
Offshore jobs ‘ONLY IF’ it truly brings global innovation locally and globally. Otherwise the economic displacement and disruption becomes so great as to cause ‘NET” losses on balance sheets and negative PR, not to mention government intervention and scrutiny.
Live~NRGY 
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