Competitive advantage Quote by Rakesh Seth
““Someone asked me a question as to why the maximum experience for functional head position preferably is 10 – 15 years max in organisations now . My gut feel is that with advancement of technology the value of long experience has been eroded in the market due to information being processed through technology for programmed decisions and access to information of all types is within the reach of every relevant person irrespective of the age in this digital world. So, information is no longer a competitive advantage. Application of that information is an edge. Today, application is of information is a collaborative process and no longer an isolated process in good organisation. hence, erosion of experience.””
About This Quote
Source Speech: Business Leadership Forum, 2023
Technology reduces the competitive edge of experience; applying information collaboratively is now the key advantage.
In simple terms: Experience matters less; applying knowledge together matters more.
Focus on collaborative application of knowledge.
Themes
Mood
Type
When to use this quote
- team projects
- strategic planning
- innovation workshops
Key Concepts
Questions to Reflect On
- How can you leverage experience in collaborative settings?
- What tools enhance knowledge application?
Experience still valuable for mentorship and context.