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19 Aug 09

The Next Evolution in Economics: Rethinking Growth

A low-level web of constant relationships, circular, cellular systems where shared, collaborative contributions are the norm, is developing. Here, the value resides with relationships, not transactions. Maybe, instead of buying and selling more and more in a mad race for grabbing the most growth, the future will be about a collaborative, community-oriented regenerative growth model.

blogs.harvardbusiness.org/...new-approach-to-economics.html - Preview

economics transactions cellulareconomic sharing market kaizen growth

The most profound change in a cellular economy is the devaluation of the transaction. Today, economic value is determined primarily by the value of the transaction. To grow (even just to survive), we must keep trading, keep consuming--no matter how wasteful the process becomes--because success is creating more transactions. This keeps us locked into a linear, growth oriented paradox.
Fortunately, (if not painfully), the Internet is exposing the impossibility of sustaining a transaction-based economy. As the net drives the cost of certain goods and services toward zero, it strips profit from transactions.
2 more annotations...
- This "economy of shares" relies on crowd-sourced contributions, a free market, and a fair dose of incentives for sustainability.
- e are moving to a time when transactions can't sustain an economy. We are realizing all systems are like biological systems--even economic ones. Growth-at-all-costs business is malignant.

31 Oct 08

Wirearchy · Henry Mintzberg: “A Crisis of Management Not Economics”

McGill University management professor Karl Moore interviews McGill University management professor and global management guru Henry Minztberg on the dysfunction of management education and practice, the need to reduce the obsessive focus on leadership and the stimulus and encouragement of "communityship".

blog.wirearchy.com/...is-of-management-not-economics - Preview

mintzberg crisis economics management leadership communityship