A few hours after making this post about the benefits of industry aggregation, I came across a memorable quote in a Harvard Publishing blog. The piece discusses the changes in strategy that will be required of businesses which are committed to prospering in the new century. The post, dated October 21st, is titled Why Traditional Recession Tactics Are Doomed To Fail This Time and is written by Umair Haque. The entire piece is worth reading, so I will just quote the sections I found relevant.
Tomorrow's sources of advantage aren't like yesterday's. ... Ultimately, they are about a true advantage -- one that accrues not just to the corporation, at the expense of people, society, or the environment; but one that accrues to all.
Discovering new sources of advantage depends on new DNA -- on building new kinds of institutions with entirely new capacities. Because, at root -- and as we'll discuss at length shortly -- the macro crisis isn't really a financial crisis, an economic crisis, a liquidity crisis, or a solvency crisis. It's an institutional crisis: the economic institutions of capitalism are in shock.
And though it's a scary, frustrating time -- the cool part is this: it's up to us to reimagine, reconceive, and reinvent them. We get to rethink the institutions of capitalism for a new century.
What could be cooler than that? (Source)
I personally can't think of anything and will be writing more on the topic of industry aggregation.