CEMS Knowledge Forum 2008
  

Panel Discussion (Oct 24)

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The Panelists

The Attention Economy in a nutshell

The Attention Economy – Hijacking the Business World: In today's information-flooded world, the scarcest resource is not ideas or even talent: it's attention, the new currency of business. One could argue that unless companies learn to effectively capture, manage, and keep it – both internally and on the marketplace – they fall hopelessly behind.

The Attention Economy can be explored in the following four steps:

  • Defining the new currency attention for your company,
  • Measuring attention and identifying sources of competitive attention advantage in your industry,
  • Shaping attention-based business models, and
  • Adapting lessons from traditional attention industries like advertising.

Key Questions are:

  • How could a few pioneering organizations turn attention management into a potent competitive advantage?
  • What should attention-deprived companies do to avoid losing employees, customers, and market share?
  • What share of the business world can be hijacked by attention-economy business models?