Amitai Givertz's Blogversity Blog

We all are familiar with mediocrity. It’s everywhere and growing rapidly. Here are seven reasons that are contributing to the alarming rise of mediocrity.

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When corporate leaders talk about change, they usually have a desired result in mind: gains in performance, a better approach to customers, the solution to a formidable challenge. They know that if they are to achieve this result, people throughout the company need to change their behavior and practices, and that can’t happen by simple decree. How, then, does it happen? In the last few years, insights from neuroscience have begun to answer that question. New behaviors can be put in place, but only by reframing attitudes that are so entrenched that they are almost literally embedded in the physical pathways of employees’ neurons. These beliefs have been reinforced over the years through everyday routines and hundreds of workplace conversations. They all have the same underlying theme: “That’s the way we do things around here.”

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The time constraints on today’s executives are more numerous than ever before. Between the economic downturn, ever-changing industry regulations, fast-moving information and simple day-to-day management tasks, corporate executives are trapped in the virtual jail cell that is today’s business climate. The unintended result of executive “information-imprisonment” is a workplace where they may have little insight into employee morale, culture, and general goings-on during the workday. Blinded by the reflection of their own to-do-lists, executives are turning to consumer social networks to stay connected to the people that execute on daily tasks inside their organizations.

[Nice graphic]

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Two years ago, I found myself taking a crash course on influence, advocacy and online behavior. We had taken in a family in need and leveraged the web, specifically Twitter, Paypal, a blog, and most importantly, our real social network, to raise nearly seventeen thousand dollars for the family.The velocity of the effort — nearly twelve thousand dollars was raised in less than twenty four hours — was amazing and made me realize that the old model of a few people controlling information and distribution is giving way to a new, highly distributed, individually empowering system that leverages social media. In this case, I had enough influence and trust with my core network to create a ripple effect that spread to other networks, which were transformed into advocates for the family. This is the new, emerging model of influence.

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The reason why people must trade dollars is that there is no other alternative, and the computer algorithms that control the value of the currency have yet to tell us otherwise. That’s it, really. The questions remain, how, why, and when will people stop working for it and what will they work for which can replace it?

This will not be as simple as living in yurts, trading cheese cultures and tweeting about it. Complex infrastructure like a judicial system, transportation, medical care, clean water, energy and food production rely on a financial system that can capitalize and securitize whatever the replacement currency may be.

Influence vs. intention

The latest twist in the new currency movement is the idea that on-line influence can be used to support a currency. There is no shortage of noble leaders aspiring to “define the standard” in their own image as a service to the lesser masses who seek their respective place in the great new economic void. PeerIndex and Klout are the two main players that promote a social score based on influence, ostensibly to mimic the credit score upon which all currency depends.

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