That means we live and work on Internet time. You lose sight of what's important unless you keep your eyes at least a month ahead. I think it's reactive management. It's letting other people manage me. I was in that mode for awhile, but I realized that responding to hundreds of emails each day allowed people to set my agenda and stymied my efforts to manage time according to the company's priorities.
Pressure gives perspective.
Email and chat-room discussions pull people further apart. The reason I don't see my friends on Friday night isn't because I can't possibly break away from work at 9 p.m. God knows I can. What I can't do is spend time on Tuesday and Wednesday calling around to coordinate plans for Friday night. This town used to be about building lasting companies to conceive great technology to market.