Monday, July 31, 2017

Embrace The New Virtual Organization World or Die By the Sword of Obsolescence

The New Virtual Organization World
It's a New Principled World, It's Virtual, and It's Organized

One of my late dad's favorite sayings was: "L'eau qui tombe goutte a goutte sur le fer finit par l'user." Loosely translated, "The constant drip of Water on iron eventually destroys it."  And every single time I pause to examine the retail industry's woes, dismal performance and abysmal state of affairs, that quote always comes to mind.  In this particular instance, Water being equivalent to "Fear of Taking Immediate Action."

However, that being said, I want to take that saying one step further and state:  "The constant drip of Salty Water or Acid Rain on Iron and Steel will greatly accelerate their destruction over time."
Thus when it comes to the (Iron and Steel) retail industry,  it is not simply Water (Fear of Taking Immediate Action) that it has to contend it, that time has long come and gone;  it is now, in fact, dealing with the constant drip of Salty Water and Acid Rain (Old Thinking, Warped Ideas,  Automaton Vision) on Iron and Steel.  As we all know, Salty Water and Acid Rain greatly accelerate the destruction of Iron and Steel.  

Therefore, absent a miracle in New Thinking, the total destruction and decimation of the retail industry, as we now know it, will happen much faster than anticipated by so-called retail industry pundits, innovators and intelligentsia.

So, let me go over the aforementioned constant drip of Salt Water and Acid Rain:

Old Thinking

Here is what I mean by "Old Thinking":  The longer you've been in an industry, the more difficult it is to see and understand the warning signs of impending doom and failure.  For the most part, people have a tendency to attribute these signs to the normal "bumps, bends and forks in the road" expression by James E. Faust and  to "others' failure to execute" - and that all that is required is to simply exert a bit of leadership by applying the necessary pressure (standard sticks and carrots) needed to hold others accountable for their failure to perform.

And when such pressure fails to meet financial projections,  then the Executive Leadership Team huddles one more time  in order to come up with another set of reasons for failure to perform and to announce a new set of measures designed to address the current situation.  Such measures inevitably include one or more of the following: 1) replacement of one or more key members of Senior Management or the Executive Leadership Team;  2)  across-the-board company layoffs and hiring freeze;  3) closing down of a number of facilities and locations;  4) reduction of company benefits to current and future employees; 5) downward revision of key performance indicators and projected financial results;  6) entice current and potential customers to get deeper and deeper into debt they really can't afford to pay back (e.g., get customers to sign up for private label company credit cards, bank cards, etc.);   7) hiring of change management consultants from leading consulting firms to advise them on how to adapt to the new competitive landscape.

And this same cycle repeats itself over and over and, before you know it, many years have gone by and the Executive Leadership Team begins to see the handwriting on the wall:: Your Time Is Up! :: and panic sets in.   At which point, the shareholders get into an uproar, begin to flex their muscles and clamor for a new CEO to come to the rescue of what is now a "nearly failed" company.  The former CEO is usually retained as or promoted to Chairman for a while and the new CEO is given carte blanche to execute under the now watchful eye of a reinvigorated and panicked board of directors.

Warped Ideas

Of course, once panic sets in and a new CEO is brought on board, the reign of "Warped Ideas" begins in the following sequence:

WARPED IDEA #1.    Knight in shining armor coming to the rescue of a damsel in distress.   

Once a company in distress reaches the stage where you have to bring in a new CEO, that is the equivalent of a cancer patient who finally decides to undergo aggressive surgery and chemotherapy treatment because the cancer has spread to the point wherein any form of holistic care or standard preventive treatment is futile and Death Comes Knocking at Your Doors.  In which case, it's not a question of IF but WHEN the final bell will toll for thee.  

Why is that, you might say?   That's because the success or failure of a company depends on more than just one man or woman.  It requires the collective effort of the entire Executive Leadership Team and Senior Management Team.  

The bottom line is this:  Besides the calming, soothing and cosmetic effect such move has on stockholders, investors and other stakeholders, in fact, there is very little a new CEO can do other than to try to stem the bleeding, and attempt to prolong the company's life by a few weeks, months and, by some miracle, perhaps, even a few years or decade.

Therefore, the purpose of a new CEO during such time of crisis is to come in, help you put your affairs in order, and to administer the last rites at your deathbed - and wish you a peaceful journey in the corporate afterlife.

Time to play the devil's advocate:  I am clearly aware that many of you, current and former retail CEOs and others,  will disagree with the above "bottom line" position and point to some recent spectacular, celebrated retailer rescue achievements made either by you yourself or some of your colleagues in the retail industry.

However, that being said, I hate to be the bearer of "bad news:"    Contrary to public opinion, it is exactly these so-called extraordinary retailer rescue achievements, when examined under a microscope away from the all the hype and smoke-and-mirrors, which serve to prove my "bottom line" position.

Retailer Rescue Achievement Example

Let's take Sears Roebuck and Co. as a good example:  

Arthur C. Martinez  is widely recognized and credited as the executive who rescued  Sears from oblivion during the 90's and put it on a solid footing as a going concern.   He joined Sears Merchandising Group in 1992 as its Chairman & CEO; then became Chairman & CEO of Sears Roebuck & Co. in 1995; and retired from Sears in 2000.

As I scrutinize Martinez's achievement, please note it is NOT at all my intent to belittle his remarkable accomplishments during his 8-year tenure at Sears since the company was in dire straits, a real mess and had its tentacles spread out all over the place.     Rather, it is my contention that despite his accomplishments, Sears was a patient in terminal mode who could NOT be rescued by anyone and that the most that any superhuman CEO could have done then, as I earlier pointed out in the above "bottom line" statement, was "to stem the bleeding, and attempt to prolong the company's life by a few weeks, months and, by some miracle, perhaps, even a few years or decade."  In which case, Martinez did, in fact, accomplish that miracle.

He did what any successful CEO would be expected to do during such time of crisis:  "to come in, help you put your affairs in order, and to administer the last rites at your deathbed - and wish you a peaceful journey in the corporate afterlife." 

As the facts soon bore out, that is exactly what happened within less than five (5) years after Martinez's departure and retirement from Sears.   Kmart, a company which had just emerged from bankruptcy on May 6, 2003 bought the venerable Sears on March 24, 2005 - not the other way around. Something that no one in the retail world could have predicted (before it actually happened).  This can only prove my contention that Sears was indeed in terminal mode when Martinez retired from Sears in 2000 - a fact that Martinez himself would have had to be painfully aware of at the time of his retirement; the same can be said for the new CEO Alan J. Lacy,  since he himself was also a long-time Sears executive insider and Martinez's right-hand man.

In the very last paragraph of David Floyd's article::June 8, 2017::in Investopedia: "Who Killed Sears? 50 Years on the Road to Ruin," the legendary Warren Buffett himself buttresses my "bottom line" statement. (No need to get distracted. You can read it later.)

WARPED IDEA #2.   Time to rebrand the company.    

That is the equivalent of putting lipstick on a pig and dressing it up or "just grabbing for straw."    In the search for quick-fix solutions to systemic problems, "rebranding the company" invariably tops every external major consulting firm's list of solutions for their clients.   The same goes for the company's Executive Leadership Team and Senior Management Team.

In fact, pause and try to answer this question:  Throughout your entire life as a decision-maker in the retail industry, have you ever encountered one consultant from one of these big consulting firms who did not include "rebranding" on their list of available solutions?

Invariably, these quick-fix solutions primarily consist of:  a new logo, new signage and billboards, new company slogan, new color combinations to reflect a new image, a nicer or flashier website, major store remodeling,  introduction of new product lines and labels, renewed focus on product quality and customer experience,  expensive Superbowl ad,  celebrity endorsements, etc., extensive public relations campaign and a year-round advertising effort to reflect the NEW ME image.    

After all, who wants to hear about "long-term" solutions to today's ailments?   Certainly NOT the investors, stockholders and other key stakeholders.   And as far as the consultants and corporate management  are concerned, they might be out of a job by the time these long-term solutions get a chance to begin to bear fruit.

Time to play the devil's advocate:  I am also clearly aware that many of you would scoff at my viewpoint  that "Time to rebrand the company" is a "Warped Idea" :: especially given the fact that it has worked flawlessly and accomplished so many wonders for you and others on so many occasions in the past.  

Again, I hate to burst your bubble:  These are NOT ordinary times.   Trying to rebrand the company for an existence in the "Brick and Mortar World" will NOT work,  as evidenced by the hundreds and thousands of retailers who,  despite their having made similar "rebrand the company" efforts,  are either still in a terminal state on their deathbed, are languishing in a comatose state with absolutely no hope for full recovery,  or have already bitten the dust and made the trek to the corporate afterlife - and are now nothing but distant memories.

Why is that, you might say?   That's because we are now living in "The New Virtual Organization World":: a world that Jeff Bezos clearly FORESAW and UNDERSTOOD  in terms of what that meant for the future of the retail industry back in July 1994 when he started Amazon from his garage.   A new world that we are all headed toward whether we want to or not.

About "The New Virtual Organization World"

What is "The New Virtual Organization World"?

It's a new world made possible by 1) the invention of the Internet;  2) the invention of the World Wide Web in 1989 by Tim Berners-Lee at CERN in Geneva, Switzerland;  3) the invention of the first graphical, easy to use and install, and widely available "Mosaic browser" by  Marc Andreessen and fellow team members at NCSA (National Center for Supercomputing Applications at University of Illinois at Urbana–Champaign) released in September 1993;  4)  Bill Gates and Microsoft's revolutionary "License the Operating System" business model which made it affordable and possible for the masses to obtain a computer and gain access to the World Wide Web; 5) the founding of the Virtual Organization Management discipline in 1997; and, last but not least, 6) a never-ending stream of innovation in internet technology and all the other sciences from individuals and entities all over the globe that is widely made available all over the internet.  

(Without the Virtual Organization Management discipline,  all you would wind up with is:  Virtual Chaos.)

The conflagration of all the preceding and recurring events and forces has set in motion invisible, powerful, invincible and unstoppable forces and entities which can be marshaled and organized on the Web (i.e., in a virtual environment).  Hence the reason for the name:   The New Virtual Organization World.    It's just another way of saying, "It's a New Principled World, It's Virtual, and It's Organized."          

A Brand New Platform for the Retail Industry

Whereas practically ALL major retailers of that era saw the Web as just a fad, another distraction, some new toy, another marketing touch point, a new digital brochure, a new communication platform, some sort of web-based Content Management System  or, at best, merely an extension of their brick and mortar entities and just an additional commerce platform,  Jeff Bezos was instead looking at a brand new world  for the entire retail industry unfolding right before his very own eyes: The New Retail World.

He saw the World Wide Web itself as the new platform for the entire retail industry and set about to realize his vision of this new retail world - a central pillar of The New Virtual Organization World.   A vision of a new retail world that he has not only realized in flying colors over the past 23 years but is also continuing to transform at breakneck speed on a daily basis, leaving nothing but carnage in its wake for today's "brick and mortar" retail world.   

The Greatest Visionary and Founder of "The New Retail World"

Which makes Bezos  "the greatest visionary and founder of the new retail world" in The New Virtual Organization World.  His place is cemented in the Pantheon of the Gods of The New Virtual Organization World (when it is eventually built).   Although if you were to ask Bezos a question about his vision of The New Virtual Organization World, I am positive he would reply, "What is The New Virtual Organization World?" 

WARPED IDEA #3.   Time to look for an exit strategy.   

There is nothing worse than being in the middle of a fight for you and your family's life  while, at the same time, looking for an exit strategy.    When you are fighting for your survival,  your only exit strategy should be:  to vanquish your opponent and be the last man standing.    That means, what do I have to do in order to be at the top of my game? Because anything less than that frame of mind (at this crucial juncture) is an abdication of your responsibility to your family.

What this means is that, the time to consider exit strategies should be when ALL IS WELL ON THE WESTERN FRONT and you want to include them in a comprehensive contingency COOP plan (continuity of business operations plan) or a strategic plan to maximize the return on investment to investors and shareholders :::: NOT when the survival of your company is on the line.
Time to play the devil's advocate:  I can imagine what's going through your mind right now this very second:  "There is nothing wrong, in fact it's a smart thing to do from a strategic standpoint, to consider all available options while you are engaged in a fierce battle - and that "figuring out an exit strategy" can be one of these things and it does not have to be mutually exclusive - and a "warped idea."

Again, I beg to differ:   When faced with a serious or life-threatening crisis, before you can figure out an exit strategy, you must first understand what you are really fighting for,  who you are really fighting against as well as their strengths and weaknesses, the nature of the real battlefield landscape, all your possible exit routes, and the tools that you have at your disposal to fight the good fight.  And the plain simple truth is this:  today's brick and mortar retailers  woefully lack those prerequisites for coming up with an exit strategy.  

Reasons for Today's Carnage in the Retail World

The current carnage and devastation that is now taking place in the "brick and mortar retail world" is exactly due to the fact that today's "brick and mortar retail world" has been completely blindsided  by events taking place in The New Virtual Organization World.  

To further compound the situation, these retailers are all reeling from the following:    1) They don't really know what they are fighting for ::  Is it just to survive?   Is it to maintain market share? Is it to increase market share in a particular market segment? Is it to expand into virgin territory? :: Can any single one of them answer that question with a great deal of clarity and a degree of certainty?      2)  They don't really know who or what they are fighting against ::  They don't understand that their opponents or adversaries or competitors are NOT in the "brick and mortar world."   In other words, they don't have a clue about the mighty forces in The New Virtual Organization World  that are arrayed against them and the real retail battlefield landscape. 

As strange and confusing as it may seem, this means that:  Macy's real competitor is NOT  Sears, J.C. Penney, Dillard's, Burlington Stores, Kohl's,  Target, Costco, etc., and vice-versa::  Abercrombie & Fitch's  real competitor is NOT TJX, Luxottica, Ross Stores, L Brands, Gap, Urban Outfitters, American Eagle Outfitters, Children's Place, Chico's, Aritzia, Guess?, Esprit, Giordano, etc., and vice-versa.

Hence the reason why they are so befuddled when asked about their prospects for the future, and all they can say is:  "We are now living in uncertain times - dealing with a very challenging landscape and, therefore, unable to predict any major changes in the foreseeable future."

Your Real Competitor

I already know your next question: If none of them are my real competitors, then WHO IS?

Here is the simplistic answer:  Any major retailer AND  every other small bit retailer (there are millions of them out there) in The New Virtual Organization World :: which, by definition, means "any NON-brick and mortar player" who occupies the same space that you do and vying for the same target market.   It doesn't matter how small they are today because when you really think about it:  one ant in your house is not a problem, but one million ants while you are sound asleep will make a meal out of you.   After all, AMAZON started out in 1994 as a small bit retailer working out of a garage.    

That is why Amazon, the Supreme Overlord of The New Retail World in The New Virtual Organization World is -- safely and at a healthy distance, left and right, coming and  going -- beating the hell out of all these retailers  in the "Brick and Mortar World"  who are themselves busy trying to compete with each other. 

As a matter of fact, most, if not ALL, brick and mortar retailers who have filed for bankruptcy during the first half of 2017 have stated the Amazon effect in their filings :: however, that being said, Amazon is just a convenient excuse for their lack of understanding as to WHY this incessant "brick and mortar retail" carnage shows no end in sight.   Even antitrust regulators are getting in on the "Time to Stop Amazon" chorus line.   However, as I stated earlier, the reason is simple: Today's brick and mortar retailers are clueless about the "real retail battlefield landscape."  So, let me proceed with an explanation.

The Real Retail Battlefield Landscape

Use your vivid imagination and think of the following:  

The New Virtual Organization World is located right out there in the middle of a deep and vast ocean. The geology of that area combined with the tectonic and centrifugal forces generated by the activities occurring in The New Virtual Organization World, including the activities of thousands to millions of retailers of The New Retail World, is causing a constant and tremendous amount of extremely powerful undersea earthquakes shooting upward a tremendous and explosive amount of force that we call "a tsunami." 

Being a tsunami, this means that the energy of that force stays deep below the surface of the ocean and travels through deep water at such an incredible speed that it's barely noticeable on the surface of the ocean.   (Therefore, due to the location of The New Virtual Organization World,  this means that ALL its inhabitants are safe and sound - they can't feel a thing.  For them, life goes on as usual.)

HOWEVER, as this energy gets closer to the shoreline, that's when things change completely and the tsunami reaches astronomical heights and destroys just about everything in its path.

What this means is that, for any ship or boat traveling within the shallow part of the ocean or docked along the shoreline,  as well as for everyone living or currently situated within close vicinity of-or along--the shoreline (i.e., the brick and mortar retailers),  by the time they realize it's a tsunami, it is too late for them to do anything about it.

As well, according to normal ocean weather patterns, Huge Waves or Rogue Waves will appear from time to time on the surface of the ocean.     In which case, the heavier and more modern the ship, the better protection they will have against the elements and the greater the likelihood they will be able to ride out the surface waves.  

Let us now move on to the brick and mortar world.

The Brick and Mortar World  is located right there within the vicinity of--and along--the shoreline and on the shallow part of the ocean.    There are millions of brick and mortar retailers doing business on land as well as on the ocean.

When the weather changes and the inhabitants of the brick and mortar world anticipate or notice the appearance of Huge Waves or Rogue Waves on the surface of the ocean,  the ship and boat owners normally anchor their ships and boats and batten down the hatches, and the inhabitants along the shoreline normally board up their doors and windows, and wait until things get back to normal.    

If you happen to be one of those modern behemoths (literally, figuratively or metaphorically speaking) weighing over 100,000 tons, the length of several football fields, hundreds of feet deep and wide, and able to cruise at amazing speeds, you can just continue to cruise right along without a care in the world.

HOWEVER, when it comes to the constant number of tsunamis that are being generated by the activities occurring in The New Virtual Organization Worldincluding the activities of thousands to millions of retailers within The New Retail World the inhabitants of the "brick and mortar world" are completely helpless due to the fact that, UNLIKE TYPICAL WEATHER PATTERNS WHICH ACCOMPANY REGULAR WAVES, HUGE WAVES, AND ROGUE WAVES, the tsunami operates in stealth mode, deep below the water surface, and by the time they (brick and mortar retailers) realize it's a tsunami, it is too late for them to do anything about it.  

They don't get sufficient advance notice that would allow them to take their ships and boats farther out toward the middle of the ocean and stay put until the tsunami has taken its course and done its damage within the vicinity of the shoreline.

And that, friends and colleagues, is the new retail battlefield landscape that you are dealing with.  And it is this lack of understanding which is impeding your numerous attempts and heroic efforts at trying to reverse the tides of retail doom and destruction which keep coming your way.

For Example:   

Executive Chairman of Abercrombie & Fitch Arthur C. Martinez (yes, the same executive who rescued Sears in the 90's) came out of retirement in January 2014 to lead this venerable retailer.  At the time of his appointment, the stock was trading at $38.47 and on the close of July 28, 2017 it traded at $9.83.

On the surface, the average analyst or investor would tend to attribute the stock's decline to Martinez's performance.   However, that is NOT at all the case.   They are--and have been for a very long time--making a tremendous amount of effort and are pulling out all the stops in order to reverse the decline.   

Here is some more interesting data to prove my point which came directly from their slide presentation at Jefferies 2017 Global Consumer Conference:  
"Since 2010, closed ~ 400 stores, remodeled 150, ~$400 M of CAPEX Investments"
It's just that the stock decline in the retail industry is a phenomenon that is happening  across the board and it will finally come to a screeching halt once the brick and mortar retail industry finally figures out who their real competitors are and the real retail battlefield landscape where the fighting needs to take place.   Until then, the carnage will continue as usual. 

So now that I have identified the root causes of your brick and mortar retail bloodbath misery, let us move on to the final ingredient of that Salty Water and Acid Rain  solution (Old Thinking, Warped Ideas, Automaton Vision) I mentioned at the very beginning of this paper.

Automaton Vision

That is what I call, "Throwing money and technology at a problem" as a viable solution.        I must admit that, in the past, I myself have been guilty of that unforgivable sin.  For some reason or another, the need to throw money in all directions and for technology upgrades or new technologies trumps the list of solutions to consider when an organization is in major turmoil.       These external consulting firms (or internal corporate stakeholders) will manage to convince the Executive Leadership Team or themselves, respectively, that such technologies will result in greater efficiency and productivity, improve the company's position relative to its competitors - and have a direct impact on the company's bottom line.

After all, who would object to the fact that advanced technology can indeed result in greater productivity?

The problem with that approach is this:   1) When you are in a desperate situation, the more money you have access to, the easier it is for others to convince you to try a new approach or solution.  As well, the more reasons you will come up with in order to spend it hoping that, if all goes as well as planned, this will be the answer to your prayers.  As the saying goes, "desperate people do desperate things."  2)  There is a HUGE difference between having access to new technologies and knowing how to make effective and optimum use of these technologies.

Here is a perfect example of what I mean by that:

Macy's, Montgomery Ward, J.C. Penney, Barnes & Noble, Sears, and Amazon ALL had access to the very same web technology that Jeff Bezos  used to launch Amazon from his garage in July 1994.   And 23 years later, look at the picture below:

AMAZON vs. MACY'S :: July 1994 - July 2017  
In July 1994,  Amazon had a ZERO market cap and yet, just three (3) years later, in May of 1997, Amazon had a market cap of $461 million. 
In July of 1994, Macy's market cap was over  $1 billion.  In May 1997, Macy's had an estimated market cap of over $2 billion.   
On July 26, 2017,  Macy's has a market cap of over $7 billion vs. $504+ billion for Amazon.  
AMAZON vs. MONTGOMERY WARD :: July 1994 - July 2017 
In July 1994, although there was no public trading market for Montgomery Ward common stock, its total annual revenues (as of 12/31/1994) were over $7 billion and it had a book value of over $687 million.  In May 1997,  Montgomery Ward was in the middle of preparation to file for Chapter 11 bankruptcy.   And by June 2001,  it was fully liquidated. ZERO Value. 
On July 26, 2017,   Montgomery Ward is defunct ($0 market cap) vs. $504+ billion for Amazon. 
AMAZON vs. J.C. PENNEY :: July 1994 - July 2017      
In July 1994, JC Penney had an estimated market cap of nearly $10 billion.  In May 1997 it had a market cap of nearly $12 billion. 
On July 26, 2017,  JC Penney  has a market cap of over $1.6 billion vs. $504+ billion for Amazon.  

AMAZON vs. BARNES & NOBLE  :: July 1994 - July 2017 
In July 1994, Barnes & Noble had an estimated market cap of over  $990 million.  In May 1997 it had a market cap of nearly $1.5 billion.  
On July 26, 2017,  Barnes & Noble  has a market cap of over $678 million vs. $504+ billion for Amazon.   
AMAZON vs. Sears  :: July 1994 - July 2017  
In 1994,  Sears had annual revenues of over $50 billion
On July 26, 2017,  Sears  has a market cap of over $945 million vs. $504+ billion for Amazon. 
You will notice that all these floundering retailers were once retail giants and luminaries, had a million times more financial and human capital resources than Amazon - a newcomer working out of his home garage,  and had the same access to the same web technologies which allowed Amazon to eclipse them all.    The difference being,  Amazon was empowered with NEW THINKING and knew how to make effective and optimum use of these technologies.     


Therefore, ALL retailers need to adopt NEW THINKING in order to avoid the constant tsunamis which are slowly but surely decimating the entire brick and mortar retail industry, as we now know it,  leaving nothing but ruin in their wake.

What is this NEW THINKING?

Now that I have identified for you your real competitors  and the real retail battlefield landscape, the ball is now in your court.    You need to either embrace The New Retail World within The New Virtual Organization World or continue to do business as usual and look for exit strategies.  

As a member of  The New Virtual Organization World,  your organization will be required to assign at least one executive (preferably you) to represent your organization on a permanent full-time basis and an alternate representative.   ALL new members are introduced to a collaborative environment which requires that they discard everything that they have ever learned about "brick and mortar retail" so they can begin this  NEW THINKING process.

The New Retail World within The New Virtual Organization World will NOT be providing your organization with retail consulting services nor will it be providing you with ready-made solutions to your current woes.   Nor would we ever consider such request in any way, shape or form.  Therefore, do NOT bother to ask since that is absolutely out of the question and NON-NEGOTIABLE.

Instead you will be part of a Collective Brainpower of Retail and Non-Retail Executives, which may even include your direct competitors, which will come up with solutions that will benefit ALL members of the team.    In fact, you are even encouraged to invite as many other retail and non-retail executives to join you.   You will learn to think and see things from The New Retail World standpoint within The New Virtual Organization World.  IT IS NOT the sort of environment where someone can come by strictly in order to steal ideas and exploit others - and then dash out the virtual doors.

What you will learn to do on your own, for your own organization and The New Retail World industry in general, will dwarf anything that today's most prestigious and priciest retail consulting firms could ever dream to know or provide.  In other words, you and your colleagues in The New Virtual Organization World will all be in a league of your own.

As well, although The New Retail World within The New Virtual Organization World has a great deal of admiration for Jeff Bezos and Amazon, we will NOT be trying to show you how to beat or become another Amazon.   Our knowledge goes way beyond that.
As the current CEO of Abercrombie & Fitch Arthur C. Martinez presciently stated in his 2001 autobiography:: The Hard Road to the Softer Side: Lessons from the Transformation of SEARS, "myopia is fatal. Think boldly about what business you are in, .... and how you will meet the needs of the customers of the next generation...success will not be driven by your board scores....They'll be driven by your character and your intensity, and by your willingness and ability to continue to learn."  
The bottom line is this:  WE ARE NOT THERE TO SHOW YOU HOW TO IMITATE.  WE WANT TO SHOW YOU HOW TO INNOVATE in The New Retail World within The New Virtual Organization World.      

How to Embrace The New Virtual Organization World  

Apply for membership in The New Virtual Organization World Consortium.   As well, read the following article I wrote back on Tuesday, January 4, 2011 :: Visions of the Future in a Virtual Organization World: Vision of Retail Department Stores and Shopping Malls  ::   This article does not even represent the "tip of the iceberg" in terms of what we have in store for you during your journey with us on the consortium.  It's just a start in the right direction.

Upon approval of your membership, I will be there to provide you with the spiritual guidance and philosophical direction you need (nothing to do with religion) in order to make sure that all parties are observing the proper decorum and proceeding in the right direction.   We do however expect you (or your representative) to do 99% of the heavy lifting in order to get things off the ground. 

As well, if you are the CEO of a leading retail organization, I also invite you to request an invitation  to join League of Extraordinary Virtual Organization Executives.   That way, you will get an opportunity to meet with me in person, face-to-face, shake hands and chat during our scheduled (voluntary) monthly excursions.  

About Author:   Pierre Coupet, CEO & Q of Virtual Organization Management is the founder of Virtual Organization Management Institute (VOMI), VOMI Virtual Organization AcademyVOMI Global Think Tankand Virtual Organization Recruiter:: founder of the modern virtual organization management and virtual organization recruitment disciplines pioneered since 1997:: founder of League of Extraordinary Virtual Organization Executives:: and Architect of THE NEW VIRTUAL ORGANIZATION WORLD Collection.

Stock Photo: courtesy of Pixabay and Unsplash

Copyright 2007-2023.  Pierre Coupet.  VOMI. Virtual Organization Management Institute. VOMI Virtual Organization Academy.  Virtual Organization Recruiter. VOMI Global Think Tank.  All rights reserved.  Cannot be  reproduced without permission.

Monday, July 17, 2017

A Global Debt Crisis of $217 Trillion Dollars:: The Solution Is Within YOUR Reach Now!

The New Virtual Organization World
It's a New Principled World, It's Virtual, and It's Organized

This is neither The Twilight Zone or an April Fools joke  nor are you in a dream.   Yes, you read the title of this article correctly!  

I know you are wondering, how in the world can that be possible?   So, before you "get all in a tizzy" or "get your nose all out of joint," I need you to calm down a bit and pay serious attention to the information I am about to disclose since I am already aware that,  although we are all currently living in a very archaic, primitive and barbaric world full of savages and you do not yet possess the intellectual maturity to understand how that is possible, you do however possess the intelligence to absorb and process the information and eventually make sense of it.   (Just to be clear, if you are a human being anywhere on this planet, YES, I am calling you a primitive and barbaric savage. You can now stop reading this article if you feel offended.)

For example, an Artificial Intelligence Machine (a Superintelligent Supercomputer) can perform calculations beyond our own imagination and accomplish feats normally relegated to the domain of the gods.   However, that being said, you must first feed it with the relevant information it needs to process and perform.  In which case, it possesses the intelligence but not yet the intellectual maturity to process, understand and arrive at a particular outcome.  

Alright, enough said and let's get to the nitty-gritty.

Life In a Civilized World Financial System

As we speak, this very minute and second and if you already possessed the intellectual maturity, you would understand the following:  

In a civilized world, humans have NO NEED for a financial system based on debt :::: Instead, the purpose of a financial system is to assign a value to human ingenuity and to reward performance.  In other words, if a person is extremely intelligent :: which is the case for every single human being on this planet unless certain human actions result in the birth-or development-of a human being afflicted with a "brain disease which affects the normal functioning of the brain" -  however, Mother Nature herself, The Creator, does NOT make mistakes :: but such person prefers to just sit back under a coconut tree, drink some delicious Barbancourt rum all day long, eat some delicious food prepared by others, and just fart around for the rest of the day - while everybody else is out there working their butts off and putting their amazing brain and ingenuity to work - then there must be a way to address this form of regressive, inequitable, abusive and exploitative behavior. Hence the reason for a financial system.  

In a civilized world,  a financial system cannot be used as a tool to determine who can work, what sort of work they can do,  who they can work with, how long they can work, what they can achieve, and the quantity, level and quality of resources they can have at their disposal in order to put their human ingenuity to work and accomplish amazing and otherworldly feats :::: Instead the financial system is used to encourage and incentivize everyone to use their human ingenuity in order to achieve their highest potential because a civilized society cannot afford to leave anyone behind and clearly understands this very simple principle: "technological superiority is the essence of godliness."   (Just in case you were wondering, godliness has nothing to do with religion or exceptionalism.) 

Why is that, you might say?   Again, it's very simple:  For every single person that you leave behind, the farther a civilized society falls behind and the longer it takes for it to achieve that technological superiority (and get closer to godliness).        

In a civilized world,  a financial system cannot be used  as a tool to determine who can provide an education, who can obtain an education, what kind of education, when a person can obtain that education, where a person can get that education, how much education, and the quality of education provided :::: Instead the financial system is used to encourage and incentivize everyone to get the most advanced and highest quality education in the world.  

Again it is for the same reason I have previously elucidated:  The more quality education we receive (not the bogus, bullshit, distorted and withheld information, and outright lies currently imparted across the globe), the more knowledge we are inclined to thirst for and accumulate, and the faster a civilized society can get closer to achieving that technological superiority (and get closer to godliness).

In a civilized world,  a financial system cannot be used  as a tool to determine who can provide healthcare,  who can receive healthcare, what kind of healthcare, when a person can receive that healthcare, where a person can receive that healthcare, how much healthcare, and the quality of healthcare provided :::: Instead the financial system is used to encourage and incentivize everyone to obtain the most advanced and highest quality natural healthcare education in the world; to be in 100% control of their health and well-being; to obtain the highest possible ranking on a Global State of Wellness Index;  and to understand the value of their natural healthcare contribution and state of wellness from a personal, national and global treasure standpoint.

Why the emphasis on natural healthcare?  What about all these hospitals?  What about the health insurance industry?  What about all these medical government programs?  Won't that put all these pharmaceutical giants out of business? What about all  these Ivy League, other prestigious and lesser-known medical schools around the world - won't that put them out of business?  What about all these medical research organizations and scientific centers around the world? What about all these medical device companies around the world?  What about all these institutional, relief and humanitarian organizations providing healthcare around the world?  What about all these lobbying groups which represent all facets of the healthcare industry - will they take that lying down and not fight you tooth and nail?    What about all these politicians who depend on that sector to get elected or for re-election - will they allow that to happen?   

I am sure there are a million more questions you could ask.  But let me stop you right there.  All these questions that you ask only serve to reinforce - in fact, prove - the point that we are NOT currently living in a civilized world.   Instead we are currently living in a jungle populated with very ignorant, primitive and barbaric savages.   

In a civilized world,  a financial system cannot be used  as a tool for financial speculation and manipulation of the global economic system, to gain hegemony or control over the development of other nations in whatever domain or sphere (e.g., military, economic, social, political, etc.) or to impose crippling sanctions on them :::: Instead the financial system is used to encourage and promote, first and foremost, a nation's  financial and economic stability :: a diversity of ideas and solutions to complex problems and unique challenges faced by all stakeholders in individual nations :: and a collaborative environment designed to ensure the betterment and prosperity of ALL nations.

Just in case you're dying to ask the question, "What's wrong with today's so-called highly sophisticated and most advanced global financial system?" Here is my answer, in a nutshell: prehistoric and pure trash - nothing but a children's game. If you currently hold a Ph.D. in Economics, congratulations on your achievement. However, that being said, in a civilized world, regrettably, a Ph.D. in Economics is not even worth the value of toilet paper.

In a civilized world,  a financial system cannot be used  as a tool for governments to monitor or control the conduct, behavior and activities of its nationals and businesses operating on their own soil or anywhere else in the world.   Nor can it be used as a means for generating revenues from their citizens and businesses or to view and monitor their assets and violate their privacy.  Nor can it be used as a means for implementing public policy, government dictates and directives, and law enforcement activities.  Nor can it be used to deprive, seize or withhold from individual citizens, businesses, or any other institutions operating on their soil or anywhere else in the world,  any of their financial and other economic assets through actions related to any of the following: prosecution or threat thereof; imposition of fines; unilateral, international or administrative sanctions; administrative or court-sanctioned judgments, asset forfeiture laws, or any other related detrimental actions :::: Instead the financial system (NOT a Constitution) is used to promote and ensure FREEDOM FROM TYRANNY::  the  freedom and equality of all citizens, businesses, institutions and government - and that each citizen,  business or any other institution operating on their soil has as much right as the government and that NO GOVERNMENT can have a monopoly on the use of any sort of intrusive FINANCIAL mandates and  activities or any other form of coercion in order to regulate the financial actions of its citizens and institutions anywhere in the world.   

Since you currently lack the intellectual maturity to understand how that can be possible, NOW or at any other time throughout not only your lifetime but also that of thousands of future generations, all I can tell you right now is that we'll have to redefine the purpose and function of government as well as introduce timeless and irreversible mechanisms designed to enshrine and ensure in practice the equality and rights of government, all citizens and their institutions.  (The hell with a meaningless piece of paper or Constitution which can be amended, revised, superseded, circumvented, interpreted in an infinite number of ways, or even abolished by a bunch of easily manipulated cowards, unprincipled leaders, and corrupt, primitive, tyrannical and barbaric savages.) 

The Best Part of It All

But the best part of it all is that, once a government, its citizens and businesses and other institutions become privy to the details about life in a civilized world, They Will ALL Have No Other Choice But to Embrace It With Open Arms!  

Why is that, you might say?  It's because the "civilized world" financial system ensures that no single party comes out a loser and rewards ALL stakeholders beyond their wildest dreams. 

The Solution You've Been Waiting For

Now that I have given you a deep insight into a "civilized world," I can now proceed to tell you where the solution to the current Global Debt Crisis of $217 Trillion Dollars lies:  The adoption of a "civilized world" financial system.   Which now begs the following questions:  1) How do we go about that?  and 2) How long would it take mankind to develop such "civilized world" financial system? 

Answers to Your Questions   

As to "How do we go about that?" you have already been exposed to the basic philosophy and underlying concept.  The New Virtual Organization World Consortium provides to all its members who wish to participate in this specific global project, a very basic blueprint for the development of the aforementioned "timeless" and "irreversible" mechanisms which must be put in place in order to enshrine and ensure in practice such "civilized world" financial system.   ALL Debt will be wiped out instantly and forever be banished into the annals of history.   There is a tremendous amount of work to be done and effort to spend, therefore, don't expect to just waltz in, grab and run.  

Although I am there to provide the spiritual guidance and philosophical direction (nothing to do with religion) in order to make sure that all parties are proceeding in the right direction, your nation or organization will still be required to do 99% of the major lifting in order to get things off the ground.  

As to "How long would it take mankind to develop such "civilized world" financial system?" it's really up to all the members of the consortium who are working on this specific project.   There are also many dimensions to this project.  

Country Dimension.  Each country can design and develop their own version of a "civilized world" financial system taking into consideration their current clout in the existing global financial system.   The lower their clout, the longer it will take them to develop a practical system which does not generate blow-back of tsunamic proportions from the (primitive and barbaric savages) powers-that-be.  

Local Incremental Dimension.   As well, this new financial system can be gradually implemented by such country on either a city, county, state or province, or particular region of the country-basis.

Dual Financial System Dimension.  Any country or association at the very top of the pecking order of the existing global financial system (United States, China, Russian Federation, European Union) can be part of a team involved in the design of a GLOBAL "civilized world" financial system  which does NOT care about any sort of blow-back from any of the other powers-that-be;  with the view that they maintain a dual financial system: 1) their existing financial system for the external world-at-large, and 2) their "civilized world" financial system for their own country or association; with the expectation that sooner or later, or gradually, as other countries begin to see with their own eyes the benefits of the new system, they will jump up and down with a great deal of enthusiasm and request to participate in the new system.  

In which case, time is not necessarily of the essence, and a great deal of time must be spent to ensure that the implementation of this "civilized world" financial system is carried out in a thoughtful, practical and orderly fashion.  

Pilot "City-State Enclave" Dimension.  Or individual countries can apply to implement VOMI's universal version in a pilot city-state enclave within their country  (an exclusive enclave of The New Virtual Organization World)  with an official status  similar to that of Vatican City or City of London; which is exclusively administered by the permanent members of The New Virtual Organization World Consortium.  In which case, such "civilized world" financial system  can be fully implemented within a 7-10 year period depending on a number of variables and other factors.

Next Steps

I look forward to your organization and government's participation and successful collaboration - and to a bright and civilized future for all of mankind.    Apply now for membership in The New Virtual Organization World Consortium.    

About Author:   Pierre Coupet, CEO & Q of Virtual Organization Management is the founder of Virtual Organization Management Institute (VOMI), VOMI Virtual Organization AcademyVOMI Global Think Tankand Virtual Organization Recruiter:: founder of the modern virtual organization management and virtual organization recruitment disciplines pioneered since 1997:: founder of League of Extraordinary Virtual Organization Executives:: and Architect of THE NEW VIRTUAL ORGANIZATION WORLD Collection.

Stock Photo: courtesy of Pixabay and Unsplash

Copyright 2007-2023.  Pierre Coupet.  VOMI. Virtual Organization Management Institute. VOMI Virtual Organization Academy.  Virtual Organization Recruiter. VOMI Global Think Tank.  All rights reserved.  Cannot be  reproduced without permission.