Waste your money and you're only out of money, but waste your time and
you've lost a part of your life.
~ Michael LeBoeuf
As I write this, I'm still recovering from "springing forward." I actually am
the kind that stresses about losing an hour - what could I have done with that
time? Managing all of life's details takes a lot of careful planning,
collaboration and innovation. To let you in on a new secret, I am writing this
while at my new treadmill desk. Yes, treadmill desk. I have decided that I don't
have enough time to work, be a wife and mother, workout, see friends and be
rejuvenated. Therefore, I decided to consolidate some of my activities and
figured out a way to combine my work and my workouts.
My new treadmill desk uses Bluetooth to sync with my computer to upload my
daily miles walked, time spent, steps taken and calories burned. (By the way,
I'm averaging 6-10+ miles per day while holding conference calls, answering
emails and engaging in my daily work activities!) The program then logs my usage
and sends me suggestions about my workout and calorie intake, all of which can
be sent directly to my physician who is monitoring my blood pressure and
exercise program. Talk about collaboration...this is an example of it at its
While this is a personal example, we are hearing more and more about the need
for collaboration in sourcing. Recent studies from both Aberdeen and McKinsey,
support the idea that business networks that are collaborative dramatically
enhance the productivity and value of the organizations. According to the
a McKinsey Global Institute study, "The social economy: Unlocking value and
productivity through social technologies," networked businesses increase worker
productivity by 20-25%, contribute up to $1.3 trillion in the value to
businesses and reduce requisition to order cost by 33%.
We all recognize that personal networks make our lives easier to manage. A
recent Ariba presentation in Montreal listed areas of personal stress made
better through our networks:
for research we have Google, Bing, Ask, Yahoo
for buying and selling and consumer to consumer feedback we have Amazon
for community and content, we look at Apple, YouTube and Netflix
for communication and collaboration we have Facebook, Twitter, LinkedIn
and so much more
We all seamlessly move among and between these networks to make our personal
lives better, why can't business work that smoothly? I think business has a lot
to learn from our personal networks.
But back to the issue about time. What historical event happened at the
eleventh hour of the eleventh month in 1918? For what duration is the shot clock
in the NBA? In bull riding, how many seconds must a rider stay on the bull?
While seconds and historical events may not mean a lot to you, they sure did
to the soldiers fighting in World War I and to many a bull rider and basketball
player those few seconds (8 for a bull rider...and 24 in the NBA) can mean the
difference between success and failure. So now you know why I needed to walk
1.25 miles and write this article at the same time - this half hour was
important to me. It not only allowed me to do a little personal collaboration,
but also enabled me to spend some time thinking of our SIG members and ways to
collaborate and innovate with all of you!