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The Future Arrived Yesterday: The Rise of the Protean Corporation and What It Means for You
 
 
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The Future Arrived Yesterday: The Rise of the Protean Corporation and What It Means for You [Hardcover]

Michael Malone
5.0 out of 5 stars  See all reviews (1 customer review)

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Product details

  • Hardcover: 295 pages
  • Publisher: Crown Business (19 May 2009)
  • Language English
  • ISBN-10: 0307406903
  • ISBN-13: 978-0307406903
  • Product Dimensions: 16.4 x 2.9 x 24.3 cm
  • Average Customer Review: 5.0 out of 5 stars  See all reviews (1 customer review)
  • Amazon Bestsellers Rank: 974,776 in Books (See Top 100 in Books)

More About the Author

Michael S. Malone
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Product Description

Product Description

A bold vision about the ways companies will adapt and be reborn in a revolutionary world where business models implode and the search is on for what will work. . . .

The fate of newspapers and the music industry is a harbinger of what awaits every company: an aging business model in its death throes as people finally wake up to the grim fact that their products and the way they deliver them are completely out of sync not only with what customers want but how they want it. But Michael Malone–the author who, when the Internet was still the domain of technical experts, enabled his readers to see clearly the opportunities of the then-emerging digital age–is back and once again making sense of a future just around the corner.

Business considerations such as the wireless World Wide Web, billions of new consumers, and an entrepreneurial ethos are all converging. How a corporation is organized and how people will be managed and employed will change more quickly than anyone realizes. With technology poised to connect a billion new consumers from the most remote parts of the globe, corporations will enter a volatile economic era marked by unprecedented threats and opportunities. Survival will require companies to be “protean”–nimble shape-shifters able to change direction and identity in response to a rapidly evolving international marketplace. They must, in other words, act like perpetual entrepreneurial start-ups.

In our Web 2.0 world “the future arrived yesterday,” since the tools for success already exist and are the means for companies becoming protean. Malone provides remarkable insights into how this emerging corporate form will work and why it’s the key to competitiveness. Find out:

• Why the traditional CEO as master of the universe will be extinct. The CEO will be a chameleon, adapting management style and attitude to each company’s constituency.
• How to identify a core group of employees who will provide stability through their knowledge of the company's history, values, and culture.
• How to effectively recruit, manage, and retain the best talent in an increasingly nontraditional, entrepreneurial, and peripatetic workforce.
• Who stakeholders are, why they matter, and how they will extend beyond any comparable business organization to this point.
• Why the rigid boundaries between for-profit and nonprofit ventures are likely to dissolve through alternate forms of value creation, resulting in hybrid enterprises.

By embracing impermanence and becoming true shape-shifters, protean businesses will not only endure, they’ll come to dominate large segments of the global economy. Provocative and pragmatic, The Future Arrived Yesterday is a dynamic blueprint for a tumultuous economic age.

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Most Helpful Customer Reviews
By Robert Morris TOP 100 REVIEWER
Format:Hardcover
Once again, Charles Darwin's explanation of the importance of adaptation during a process of natural selection is directly relevant to a book written more than 150 years after The Origin of the Species, in this instance to Michael Malone's The Future Arrived Yesterday. He focuses on what he describes as the "Protean Corporation, " explaining how and why it is "a new business model for a new world." What are its dominant characteristics? Here is a composite of brief excerpts: It "will be a very dynamic place. Companies will complete the move from hierarchies and toward a model of highly interconnected craft guilds. With a workforce scattered around the planet, linked virtually, the last obstacles to inclusiveness will also fall, meaning virtual job shops, temporary help hired off the Web, more permanent part-time workers, and the hiring (in unusual new relationships) of the retired, the young, and the unlikely (illiterates, for example)...Protean Corporations will appear to be risk-takers with constant shifts and turns [when adapting to changing conditions], but they will, in fact, be risk-aversive, changing their form and direction to minimize risk. Being extremely stable at heart, Protean Corporations will also likely be more politically active (in support of their attitudes and values), an easier target for unions (if a new form of organized labor arises to meet their unique needs), and extremely innovative with regard to employee benefits, pay structures, services, and motivational tools."

When will this business model become a reality? It already has. Exemplary companies include Google, Wikipedia, Pajamas Media, Huffington Post, Approtech, and Twitter as well as several well-established corporations (e.g. HP, Intel, and IBM) that have completed or are in the process of completing major change initiatives. "The U.S. Army, after its experience in Iraq and Afghanistan, is hurriedly restructuring itself to be able to change its shape to meet any threat in the world with an appropriate combat force that adapts on the ground to an ever-shifting battlefield f reality." The new currency of organizational effectiveness consists of speed, resilience, flexibility, and adaptability.

I especially appreciate Malone's skillful use of various reader-friendly devices, such as the checklists that he inserts throughout his lively narrative. For example, he identifies and then briefly discusses his book's six premises (Pages 9-13). "If you do not agree with them, you should be highly skeptical of all that follows." He also highlights key points in bold face or poses a transition question. For example, "The role of the Core [i.e. a body of long-time, permanent employees who best understand the company] in a Protean Corporation is to establish standards of behavior in the company, preserve the company history, and nurture and grow the company's culture. Its primary operating task is to advise and consent on all cultural decisions made by the company chief executive and management. Its secondary task is to maintain and upgrade the company statement of purpose, corporate objectives, and all other documents, regulations, and standards reflecting the company's culture and philosophy. The Core reports directly to the Board of Directors and indirectly to the CEO." (Page 122) Now here's a question: "What happens when the plans of a CEO collide with the corporate culture being maintained by the Core employees? Who wins?" (Page 153). Note how effectively the statement summarizes key points and how the question then sets up Malone's response.

He accepts the inevitability of the new future he has described as well as its challenges, and offers a strategy "for businesses and other institutions to meet that future and succeed." He makes a compelling case for the Protean Corporation, "fort a new organizational model that is not so radical in its design or that requires such a complete restructuring of current models that no company or other institution could justify risking the attempt." Malone may be a visionary thinker but he is also a pragmatist whose opinions and insights are guided and informed by empirical evidence that can be verified. With all due respect to the importance to an organization of its ability to move quickly, adapt to rapidly changing marketplaces, and, perhaps most important, attract the talents of an increasingly entrepreneurial workforce, Malone concludes his brilliant book with an eminently sensible reminder: "But even as you build your Core and fill it with Core Employees, it is absolutely vital to circumscribe their powers. They are, in the end, people of the past, not the future, they represent stasis, not change. It is the rest of us who represent the future, who embody that change. And by giving those few others the task of preserving what is defining and enduring, they in turn free the rest of us to pursue out ever-changing, ever-shifting dreams. The Protean Society belongs to protean imaginations."

Sooner that "the rest of us" may realize, the future that arrived yesterday will become a distant past and those who remain must then adapt to a new future that has only recently arrived, posing new and more daunting challenges than we can possibly imagine.
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Amazon.com:  13 reviews
13 of 13 people found the following review helpful
Must read: on Management in 2.0 era 22 May 2009
By Amul Mago - Published on Amazon.com
Format:Hardcover
The author is very articulate in scripting the character of a 2.0 organization; which he calls a "protean organization" as part of a "protean society" where time will seem to accelerate (a dynamic world), distances further shrunk (globally connected), a sense of isolation will increase (importance of individuality). At the same time; the excitement will be more.

In such a society, the writer describes a protean organization to be essentially lean (with core group of people at the center - to manage and rive the company history, philosophy & mission). This lean group would take care of infrastructure, & strategic planning.

The core group will be surround by a dynamic workforce (salaried/ contractual employees with benefits & flexible working arrangements)to allow the company to respond nimbly to change.

Furthermore; the author takes our mind into the 2.0 era where a protean being would exist. Probably the highest capable form of human existence which would essentially be a combination of individuals strongly rooted within themselves; complete understanding of their strengths, weaknesses, skills, goals and aspirations looking for assignments NOT title/s as a way of growth in their careers.

[...]
4 of 4 people found the following review helpful
The Future Arrived Yesterday 20 Sep 2009
By David M. Taylor - Published on Amazon.com
Format:Hardcover
"In his new book entitled "The Future Arrived Yesterday", Michael S. Malone defines a new phenomenon in the corporate world which he calls the Protean Corporation. The Protean Corporation is a new form of organization that is structured to handle the stresses and strains we see emerging in our marketplace today. Stresses ranging from the retiring baby boomers being replaced by Gen Xer's, Gen Y's and millennials to the rising Asian workforce, continuous Internet connectivity, the pace of technological change, dramatic increases in new consumers the emerging nations and the rise in entrepreneurialism. These stresses and strains are unleashing an unprecedented rate of change into the marketplace, a rate of change that has never before been experienced and one that the organizations of today cannot possible handle successfully.

According to Malone the Protean Corporation "must find a way to continuously and rapidly change almost everyone of their attributes - products, services, finances, physical plant, markets, customers, and both tactical and strategic goals - yet at the same time retain a core of values, customs, legends, and philosophy that will be little affected by the continuous and explosive changes taking place just beyond its edges."

How does the Protean Corporation do this? By structuring itself into three distinct groups;

1. Core - the core staff are permanent staff responsible to retain the core values, customs, legends, and philosophies so that they will be little affected by the continuous and explosive changes. It is up to them to uphold the corporation's culture.

2. Inner Ring - permanent employees responsible for the operations of the business. These staff need to understand the workings of the business inside and out and must be extraordinary leaders as they will be leading day to day activities of the "Cloud" which makes up 90% of the Protean Corporation.

3. Cloud - In terms of numbers, the Cloud makes up 90% of the Protean Corporation. These are temporary staff whose employment may last anywhere from hours to days to years depending on their role and the requirements of the Protean Corporation at the time. They will be the staff that actually executes most of the day to day work under the guidance and direction of the Inner Ring. The Core employees will oversee the Inner Ring and the Cloud and ensure that the corporation's core culture is maintained.

What does this have to do with your Strength Zone?

Its pretty simple reallyâ¦.unless you understand your strengths and are working in your Strength Zone, you are not going to understand where you fit into the Protean Corporation and you will end up getting steam rolled by it. You need to understand how you can best apply your strengths in this new organization and whether you are best fit to live in the Core, the Inner Ring or the Cloud.

No matter how the Protean Corporation structures itself to handle the increasing rate of change in today's world, unless its employees are working in their areas of strength (their Strength Zone), the Protean Corporation will not be successful.
4 of 4 people found the following review helpful
Do you want your company to become dated and a thing of the past with no hope of ever being successful again? If not, ... 21 May 2009
By Jeff Lippincott - Published on Amazon.com
Format:Hardcover
I loved this book. Maybe its organization could have been a little more refined so there were fewer chapters. But I think the topic and the content are so important regarding business today. The business world changes so quickly these days. In fact, it really has not been stable since about the time I entered the workforce back in the late 1980s. And it keeps changing quicker and quicker with every year.

This book is about companies doing business in industries that are being turned upside down. Such companies are dinasours that are either going broke or just limping along waiting to go under. This book talks about the need for every company in the future to be a protean one - able to be flexible and shift its shape to conform to the demand for its services and products. The book is well written and is split into 5 sections and 14 chapters as follows:

§1. The new world [1&2]
§2. Reinventing themselves: How corporations evolve [3-5]
§3. Building the protean corporation [6-10]
§4. Running the protean corporation [11-13]
§5. The protean society [14]

0. Intro: Catching the future, again
1. A new business model for a new world
2. The shape-shifter: The paradox of permanence & change
3. The rise of the corporation
4. Packard's way: The technology era
5. The center cannot hold: The virtual era & its fading relevance
6. The cloud, the core, & the boss
7. Denizens of the core
8. Rethinking the CEO
9. Where the real action is: The cloud
10. Bringing in talent: Competence aggregator
11. Who matters: Fateholders
12. Rings of engagement
13. Redefining success: What a protean corporation actually does
14. The world's first entrepreneurial society
A. Core size

We have seen traditional ways of doing business get outdated. Think of the auto industry in the US. Think of the newspaper industry in the US. Think of the book publishing industry, too. It's just a matter of time before our education system and medical providers get turned on their heads. These industries have not kept up with the times. They cling to doing things in an outdated and expensive way. Basically they are simply out-of-sync. Customers want something they aren't providing. And customers want what they have provided in a different cost-effective way. By reading this book you may be able to build a company or retool one so it won't fall prey to this problem. 5 stars!
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