This link has been bookmarked by 10 people . It was first bookmarked on 26 Sep 2008, by Eapen thomas.
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19 Dec 08
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17 Oct 08
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12 Oct 08
FruFru FourOneNo wonder so many think anything "corporate" is a monstrosity. They're right - if the implosion of the investment banks tells us anything, it's this: when what we do is meaningless, it's neither economically valid, strategically viable, nor truly value-creating. The macro crisis tells us in no uncertain terms: without meaning, businesses devolve to the lowest common denominator: empty exercises in trivial gamesmanship - not next-generation institutions built to fuel another century of economic growth.
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09 Oct 08
Emmanuel FanThe macro crisis tells us in no uncertain terms: without meaning, businesses devolve to the lowest common denominator: empty exercises in trivial gamesmanship - not next-generation institutions built to fuel another century of economic growth.
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The point is this: the central challenge 21st century boardrooms must face is not reinventing strategies, or business models, but reinventing businesses as institutions.
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The centuries-old institutions of orthodox capitalism cannot support the transition to a hyperconnected global economy. They are increasingly unable to allocate capital efficiently, much less grow it productively. And so what we are seeing nothing less than the wholesale deconstruction of the global financial and economic system.
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understanding that next-generation businesses are built on new DNA, or new ways to organize and manage economic activities.
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we have to put the meaning back into business.
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it is human outcomes that make work meaningful.
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when what we do is meaningless, it's neither economically valid, strategically viable, nor truly value-creating.
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The macro crisis tells us in no uncertain terms: without meaning, businesses devolve to the lowest common denominator: empty exercises in trivial gamesmanship - not next-generation institutions built to fuel another century of economic growth.
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01 Oct 08
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26 Sep 08
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Bertrand DuperrinThe macro crisis tells us that it's time to get serious about what we've been discussing for the last few months: building a better kind of business. So here's a five-step construction kit for tomorrow's revolutionaries.
crisis business organization management meaning sense strategy
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The macro crisis tells us that it's time to get serious about what we've been discussing for the last few months: building a better kind of business. So here's a five-step construction kit for tomorrow's revolutionaries.
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That's the third, simplest, and most fundamental step in building next-generation businesses: understanding that next-generation businesses are built on new DNA, or new ways to organize and manage economic activities.
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Think that sounds like science fiction? Think again. Here are just a few of the most radical new organizational and management techniques today's revolutionaries are already utilizing: open-source production, peer production, viral distribution, radical experimentation, connected consumption, and co-creation.
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Yet, listing all of those components is just a start - and a poor one, because it's just the sterile, often meaningless language of economics. The fifth, final, and most difficult step in building next-generation businesses is this: we have to put the meaning back into business.
For too long, business has been meaningless: a passionless, soul-crushing game of ripping the next guy's head off, to attain a short-lived competitive advantage - often simply balanced out by someone else's disadvantage - in order to score points on an illusory scoreboard of "shareholder value creation".
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This final step - rediscovering meaning in the work we do - isn't just the most difficult to come to grips with. It's also the most critical - because though the other steps are necessary, they're not sufficient. Without a deeply felt - and a powerfully lived - sense of meaning, every business will devolve to what the investment banks became: machines engineered with relentless precision to destroy long-run value, often implosively so.
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Adriana Lukasthis is probably written with the best of intentions. it's got all the right words in it, alas, it sounds far too vague and conceptual. And that's me saying that! :)
business innovation Strategy economics failure finance umairhaque future value delicious
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25 Sep 08
Michel BauwensIt was something bigger and more vital: institutional decay. Investment banks failed not just as businesses, but as financial institutions that were supposedly built to last. It was ultimately how they were organized and managed as economic institutions -
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