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5 - Are You Being Commoditized
5 - Are You Being Commoditized
Chris Oestereich
Economic and Business Development Specialist for Circular Economy at UNDP Asia-Pacific
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I’m preparing a talk which is designed to help early career professionals shorten learning
curves so that they might be more deliberate, purposeful and productive in their work. A
big part of that talk will focus on the case for individuals to consider becoming radical
intrapreneurs. As I see it, carving out a niche in this manner is a path towards crafting a bit
of security amidst a growing, turbulent sea of precarity.
Follow the rules. Don’t color outside the lines. Sit still. Stay focused. Don’t look out the
windows. Do your work. Quit daydreaming. Solve the problem.
So we arrive in our careers ready to do as we’re told, work hard, and solve problems. And
that’s becoming a problem.
If this sounds like the talk of a couple of misguided Cassandras, I should point out that
Professor Hamel is cited by the Wall Street Journal “as one of the world’s most
influential business thinkers,” Stowe Boyd is the well-respected lead researcher at
Gigaom, and Harold Jarche is a thought leader in the areas of personal knowledge
management and workplace transformation, so if I’m woefully misguided on this, at least
I’m in great company.
Assuming these ideas are on the right track, it seems that most of the world’s business
professionals have put in an awful lot of work, while often taking on copious amounts
of debt, as the returns seem ever less certain. Much like buggy whips, and slide
rules, we may still find a place in the business world, but if this is where we’re headed,
are our days of prominence already behind us?
Get the job, show up, keep your head down, crank out work, collect your gold
watch, and receive your pension.
Does that sound like the path you’re treading? As you’re reading this, I’m guessing the
answer to that is a resounding “No.”
The company man had a good run, but his pine box was nailed, lowered, and covered a
while ago. Rather than a long amble down a well-worn path, I think the experience feels
more like a frenetic swim upstream wherein the waters are murky, the current is ever
accelerating, and dangers lurk at every turn.
Let’s briefly consider that earlier era before we leave it behind for good. Once you had
relatively secure employment, you could then choose between putting your feet up,
relatively speaking, or if you were fairly ambitious you could go back to school for an
advanced degree and really differentiate yourself.
Today’s version of this story hearkens back to Professor Hamel’s point about
commoditization. As the graph below shows, the number of graduate degrees awarded by
business schools has increased nearly an order of magnitude over the past forty years.
(Double that to approximate the number of Bachelor’s degrees awarded.) If you think that
doing the hard work of earning a master’s degree will separate you from the pack, this may
be a bit hard to swallow, but yesterday’s differentiator has become today’s commonality.
That said, I’m absolutely not advocating against them. Formal education is still one of the
best routes available for improving ourselves. I just want you to see my take on the current
reality so that you might review your expectations and consider what you might add to your
plans in order to achieve success.
From pigeonholes to widgets to obsolescence
I’ve only addressed the perils of a growing, highly-educated, global workforce up this
point, but there's more than that to worry about. Concerns over technological
unemployment have been with us since at least the time of the Luddite Rebellion, but the
current trends portend job destruction which is greater than anything we’ve seen before.
We’re used to the idea of robots taking the place of people on farms and factory belts, but
are we ready for the driverless car revolution where all driving professions are at
risk?” While that could have far reaching impacts on the economy at large, you may be
thinking that a degreed professional has some insulation from such changes, but before you
bet the farm on that notion, are you’re aware of the robots that are learning to
perform general surgery? Worse yet, there’s the recent Oxford Martin
School study which suggests that nearly half of total employment is at risk of
computerization. Stowe Boyd asks, “What are people for in a world that does not need
their labor, and where only a minority are needed to guide the ‘bot-based economy?”
What bargaining power do you think you would have if there were thousands (millions?) of
others who were viewed as equally capable of performing your duties? What hope would
you have of paying off your debts, and having something left over for a simple retirement
(much less of improving your lot in life), if workers were forced into a wage-based race to
the bottom?
Fortunately, Professor Hamel does provide hope with the upper layers of his hierarchy
(Initiative, Creativity, and Passion). He cites these traits as being the ones which can help
workers stave off commoditization. Harold Jarche is instructive here, “This Creative
Economy requires more independent workers (like musical productions) with traits that
cannot be commoditized: Initiative; Creativity; Passion. So “knowledge workers” had best
ensure that 1) they have more Task Variety than Standardized Work and 2) they are valued
for skills that cannot be commoditized.” He further states that, “being able to fill a job is
not enough, even if it is an honest day’s labour. The capitalist system is designed to screw
labour. But it’s more difficult to screw talent. If we want to help people, we need to help
each person become Talent. That means emphasizing creativity, complex problem-solving,
and innovation.”
As Doug Sundheim notes, “Successful innovators care about solving interesting and
important problems — innovation is merely a byproduct.” Passion is fuel which drives us
in this regard. We often seek engagement, but engagement is a state of being which is not
self-sustaining. I equate being engaged with the state of Flow studied by psychologist
Mihaly Csikszentmihalyi. It’s fantastic to be there, but it’s not a place you’re likely to
arrive at by accident. Passion, on the other hand, is a driver. Passion is the force which can
help you achieve and maintain engagement. Don’t aim for engagement. Find your passion
and you’ll arrive at engagement.
If the lyrics of N.W.A.’s “Express Yourself” are a reliable indicator, it would seem Dr. Dre
subscribes to this concept as he stated, “It’s crazy to see people be what society wants them
to be, but not me.” That approach has worked out pretty well for him.
The dustbin of history has scant sympathy for the plants and animals which don’t adapt to
the evolutionary forces of their environments. The same goes for us.
Don’t allow yourself to be “buggy whipped.” Don't be what society wants you to be.
Be different. Be the person that only you can be. Be a radical intrapreneur.