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Lost decade 2.0?

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Old 08-01-2020, 04:05 PM
  #61  
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Originally Posted by senecacaptain View Post

Among DoD leadership, eyes are now wide open to value of telework

https://federalnewsnetwork.com/dod-r...e-of-telework/



If the DOD can do it, the manager of vacuum cleaner sales for MidWest USA can do it.

this is not cosmic brain surgery

it is now about production and accomplishment, not location or hours clocked in
There is a really really really big difference in working remotely and doing corporate relations or sales what ever you would like to call it remotely. Take any industry the deal is not made at the convention. The deal is made at the follow up dinner and drinks a month after the convention. Most good rainmakers don’t use conventions anyways its normally meet cute lunch and then you do the deed at the follow-up dinner if you didn’t score at the lunch. No dice after that you are flying to another lead/account/current account. But it seems like a bunch of people on this site think there are a bunch of employees commuting from Minnesota to work in Manhattan... I was under someone who was under someone who was under someone who commuted from Minn to NYC but they used the corp jet..... Last minute corporate travel that is booked at any rate because its not paid by the employee is not for them to commute to work it is to get a rep/exec/decision maker drunk and bring in an account. Even your vacuum salesman guy he ain’t doing that over zoom. If you think that would work you should give it a try. I’m not sure if vacuum companies even still hire sales rep but I am sure if they do they would bring you on 1099 and tell you to go wild on zoom....
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Old 08-01-2020, 04:34 PM
  #62  
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Originally Posted by ZeroTT View Post
There’s not a mass exodus, if there were prices would be cratering. There’s simply a marginal reduction in demand so prices are easing.
https://www.businessinsider.com/san-...navirus-2020-6
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Old 08-01-2020, 06:07 PM
  #63  
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Originally Posted by ZeroTT View Post
There’s not a mass exodus, if there were prices would be cratering. There’s simply a marginal reduction in demand so prices are easing.
There has literally been a moratorium on evictions.
There has been an artificial scarcity of supply.
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Old 08-01-2020, 06:21 PM
  #64  
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all good points on here, but I think we are too quick to assume the zoom millenials will return to business travel.

now, they are working from home, in their pijamas. no commute. sanctioned and approved by their bosses

gonna be hard to put that back in the bottle.

V/R
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Old 08-01-2020, 07:17 PM
  #65  
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Originally Posted by ZeroTT View Post
There’s not a mass exodus, if there were prices would be cratering. There’s simply a marginal reduction in demand so prices are easing.
https://www.google.com/amp/s/www.wsj...es-11592488220
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Old 08-01-2020, 07:48 PM
  #66  
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Originally Posted by senecacaptain View Post
all good points on here, but I think we are too quick to assume the zoom millenials will return to business travel.

now, they are working from home, in their pijamas. no commute. sanctioned and approved by their bosses

gonna be hard to put that back in the bottle.

V/R
Not really. I have had friends that have worked for multiple companies that went to you can work from home full time. One it didn’t stop business travel but as people get comfortable working from and productivity declines most of those businesses have also forced their employees to return to the office. Companies are doing what they have to but considering these tech companies were know. For working their people 20 hours a day my guess is they will return once they can.
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Old 08-01-2020, 08:29 PM
  #67  
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Originally Posted by senecacaptain View Post
all good points on here, but I think we are too quick to assume the zoom millenials will return to business travel.

now, they are working from home, in their pijamas. no commute. sanctioned and approved by their bosses

gonna be hard to put that back in the bottle.

V/R
What you just described?

Not airplane business travel.
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Old 08-01-2020, 09:38 PM
  #68  
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[QUOTE=senecacaptain;3103427]

Among DoD leadership, eyes are now wide open to value of telework

https://federalnewsnetwork.com/dod-r...e-of-telework/


Originally Posted by senecacaptain View Post
If the DOD can do it, the manager of vacuum cleaner sales for MidWest USA can do it.

this is not cosmic brain surgery
You have a GCE here.

I am DoD, and have done both telework and teleconferencing extensively, for many years. It's very complex and very secure, and I'm sure it must cost a whole bunch (we own our own satellites...). I can guarantee that no vacuum cleaner company can do what we do.

We do it to increase the speed of our organizational processes (aka OODA loop). But it does not actually replace travel, rather it supplements it. Business travel still happens, for purposes related to human relationships.

Just like the vacuum cleaner salesman won't be making cold calls on zoom.
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Old 08-01-2020, 09:39 PM
  #69  
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There’s a lot that will be different in the “new normal”. There is a huge push for people to consider full time work from home; however, that doesn’t mean they won’t travel. I know many are considering moving to more affordable areas with the work from home option. The long term result may be that (post pandemic) they travel more for that face to face business stuff, while day to day is in the home office. I know that this is optimistic but something will always come in to fill the void. If I were a business that was saving money on commercial real estate, I might just have room in the budget for more travel.
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Old 08-01-2020, 09:42 PM
  #70  
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Originally Posted by LiftVector View Post
There’s a lot that will be different in the “new normal”. There is a huge push for people to consider full time work from home; however, that doesn’t mean they won’t travel. I know many are considering moving to more affordable areas with the work from home option. The long term result may be that (post pandemic) they travel more for that face to face business stuff, while day to day is in the home office. I know that this is optimistic but something will always come in to fill the void. If I were a business that was saving money on commercial real estate, I might just have room in the budget for more travel.
I agree. More work from home will actually increase business travel. If workers are allowed to live anywhere, they'll have to get on a plane to check in with the office periodically and that includes workers who never would have travelled before.
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