The End of Competitive Advantage: How to Keep Your Strategy Moving as Fast as Your Business by McGrath Rita Gunther

Author:McGrath, Rita Gunther [McGrath, Rita Gunther]
Language: eng
Format: epub
ISBN: 9781422172810
Publisher: Harvard Business Review Press
Published: 2013-05-14T00:00:00+00:00

TABLE 4-2

Trends in temporary employment

Period of economic recovery Share of temporary as opposed to permanently employed workers hired

1992–1993 11%

2003–2004 7%

2009–2010 26%

In addition, large swaths of work that can be modularized and shipped overseas are being handled in just that way. Everything from reading radiology scans to scanning legal documents is work that is finding its way to cheaper locales as companies attempt to offload the human capital tied up in doing these tasks. And, of course, outsourcing of tasks such as running call centers, managing computer networks, and handling noncore tasks for organizations is a well-established trend. The key point is that you don’t need to own an asset yourself to benefit from its services. A related theme is to leverage external resources to the extent that you can, rather than trying to complete an ecosystem all by yourself. A disturbing open issue is that although increasing flexibility helps organizations cope with transient advantages, we haven’t yet come up with many humane ways of addressing the social adjustment problems this creates for people who were never trained to bear the burden of employment uncertainty themselves.

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