Wise companies are not just embracing the consumerisation of IT.
Wise companies have either seen the future or learned their lesson: E.ON, Germany's biggest utility, announced last year that it will now focus on wind and sun.
In any case, wise companies should assume that their troubles are caused mainly by recession—something that has happened before, and that will disappear in time rather than by permanent new patterns of consumer behaviour.
A study recently published in Management Science finds that older chief executives and those with a legal background spend less on research and development than young techies.So wise companies should choose bosses who are young (at least in mind) and honest, but with vision and flair too.
Certainly, wise companies will seek the services of individuals who know the insides and outsides of corporate governance.
His father is the vice president for stock trading at Andrew, Alexander, Wise & Company, an investment banking firm in Manhattan.
So operationally, and products wise, the company is looking for ways to balance developing existing products with working on new, out of the box ideas.
Business-wise, the company seems to combine a conservative approach to product with an open-mindedness about new ideas.
If they are wise, the companies will apply the same standards in their overseas markets, even if governments beyond the United States do not yet require them to.
Product-wise, the company is keen to go from B2B2C and into customer-merchant payments.
Storage-wise, the company has reduced the options down to one (here in the U.S., at least).
