Charles Schwab delayed by 20 mins. As chief scientist at Andersen Consulting, he ensures that each piece of technology that runs through the laboratories is shorn of its hype and passes the utility test. In addition, he is also responsible for putting clever technological breakthroughs into viable business opportunities. I think the technology stocks are going to be nervous for at least another five years before they sort themselves out. Local companies can take heart from Ferguson's response as he does not believe in discarding the hierarchical structure, instead local companies can find ways to work around those organisational pyramids.
People say get rid of hierarchy because the idea is to respond quickly to input.
Previously, CEOs could have a strategic plan and execute it for the next five years. Now it cannot last five months, thus the flat organisation emerged from a need to respond quickly. The Gulf has oil and that can enable the region to provide a very high level of education and desire for further education. The GCC is sitting on a pretty good resource that can help drive the e-economy. Silicon Valley emerged from a historical accident where venture capitalists, technological innovations and universities converged to feed the IT revolution.