Updated: 5/21/02; 11:04:17 AM.
Web Services / Blogs
Useful notions about the evolving world of web services from the trenches.



E-Recruiting News
The Bugler

In Radio
xml feed

John Robb
Hack The World
Phil Wolff
Dave Winer
Tamalak's Realm
Work 2.0
Shifted Librarian
Disenchanted Ghost

Wednesday, May 15, 2002

5c Defined

Traditionally, the working definition of "management" includes accountability to four key groups of "stakeholders":

  • Investors / Stockholders (The Stock Market)
  • Suppliers (The Supply Chain)
  • Customers (The Market)
  • Employees (The Workforce)

It seems to us that the labor shortage has the implied consequence of creating a fifth constituency: Past and Future Workers (The Labor Supply). Without a secure relationship to the Labor Supply, all growth plans and, at some level, the very existence of the company, are subject to a high level of suspicion.

This may seem like a silly distinction on first pass. What we are saying, however, is striking in its consequences. If Potential Employees are at least as important as The Stock Market, The Market, The Supply Chain and The Employees, it means that a lot of standard assumptions are about to be subjected to a great deal of pressure. 

By definition, the addition of a fifth constituency changes Management's relationships with the other four. Besides the fact that they are each a good source of Potential employees (and that ground must be managed carefully), Potential Employees are entitled to the same seriousness with which the other four are treated.

The job of being a "C" level executive involves trading off the interests of the four current key stakeholder groups in order to achieve the optimal balance for the organization at this particular time. Adding Potential Employees to the mix suggests the probability that a company may have to trade short term stock performance in favor of maintaining supply; that occasionally, the interests of Potential Employees will prevail over the supply chain or the customer base. Since the very survival of the firm can be tied to the management of the availability of a labor supply, we see all sorts of innovation emerging from the recognition of the Fifth Constituency.

Your Thoughts? [] Related Info?   

Fodder for Thought

Emerging Conciousness  The blogsphere needs a self-organizing structure Your Thoughts? [] Related Info?   


All great advances in computing have been advances in the interface. Your Thoughts? [] Related Info?   

From Dave Winer

News.Com offers a fascinating peek behind the scenes at the BigCo's, esp MS, in re Web services.   [Scripting News] Your Thoughts? [] Related Info?   

© Copyright 2002 interbiznet, Mill Valley, CA 94941
All Rights ReservedClick here to send an email to the editor of this weblog.
Click here to visit the Radio UserLand website.

May 2002
Sun Mon Tue Wed Thu Fri Sat
      1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31  
Apr   Jun