Posts Tagged ‘Collaboration’

One can argue whether economists are cheapskates, or not. The debate can certainly be entertaining, such as in this Wall Street Journal article.  There’s even an old economics joke tied to their, umm, stereotypical tendencies.

It goes something like this, “…an economist is walking down the street with a friend when they happen upon a $100 bill laying on the ground.  As the companion reaches down to pick it up, the economist says, ‘Don’t bother—if it were a real $100 bill, someone would have already picked it up.’” (Andrew McAfee and Andrew Lo.)

Andrew wrote an article comparing companies’ use of IT with that $100 bill.  The notion is that ‘everyone’ has the same technology.  We all have, or have access to, tools like email, internet, smart phones, computers, and the like.  So, technology itself should be a non-competitive tool. Right?

While Andrew continues to discuss inconsistent use of these tools—fewer than 5% of all firms do the job well—I’d like to briefly look beyond just ‘IT’ per se.

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