Even though corporations are managing their business model in this dynamic and efficiently optimal way this proposition may, right now, be something of a flight of fantasy.

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The Center for American Progress recently predicted that a constellation of emerging trends would converge around the concept of networked energy and, the process, create a fundamentally new engineering model for managing energy.

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This evolving model needs several new ways of managing the creative chain.

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"This is a city for the 21st century, we are not using an old model, " says David Frame, managing director of Eko Atlantic.

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The winning applicant will be responsible for designing, constructing, owning and managing the property as part of the housing department's model for developing city-owned property.

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The new, more modest model, centred on things like retail banking and managing companies' cash, is essentially the Citicorp that existed before its mammoth merger with Travelers in 1998, with a few exceptions, says Vikram Pandit, Citigroup's boss.

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"It's an unsustainable model, " says Duncan Niederauer, Goldman's managing director for equity derivatives.

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"There is a risk that a bank is taking results from a model and relying on those model results too extensively, " said Jeffrey Brown, a managing director at Promontory Group and former risk manager at the OCC.

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Schmidt says the advantage of Google Wallet is that it is a one-stop way of managing things, he says all of that is fundamentally easier in a cloud based model.

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