Giving up on Web 2.0 as penance?

Tom Davenport‘s latest post (here) on Harvard Business Online channels the tone of today’s conventional wisdom.  Many commentators on the Panic of 2008 — including Davenport — are invoking the Great Depression and its harsh lessons.  I guess hairshirts and flagellant confraternities will be coming back next.

While I love mortification of the flesh as much as anyone, I think Davenport’s seriously off-track here.  He’s gone gloom-and-doom just as social media is doing some heavy lifting.  An example of Enterprise 2.0 traction, you say?  OK, what does it say when a guy like Michael Krigsman — who is on the IT Project Failures beat, for goodness sake — praises Enterprise 2.0 efforts from SAP (here) and Oracle (here)?

I hate to bad-rap a fellow Babsonian, but maybe Tom needs to get out of Starbucks more…

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