Bertrand Duperrin's Library tagged economics → View Popular, Search in Google

Jul

2011

A User's Guide to 21st Century Economics

"This year, leaders of all kinds face a single, critical challenge: building 21st century organizations that yield new sources of advantage, powered by new rules of management.

Here's why - and how to get started.

Tomorrow will not be like yesterday. This is no mere recession: it's a tectonic global shift in savings, consumption, and investment. Today's macropocalypse is a rupture in the global economic fabric - and the next half-decade will be spent reweaving it. It is not a temporary departure from business as usual, an illness - it is a structural transformation, a lasting change. "

blogs.hbr.org/...ers_guide_to_21st_century.html

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economics management marketing innovation recession crisis production businessmodel

Yesterday's businesses were built for a world of overconsumption, artificially cheap production, symmetrical competition, and macroeconomic stability.
hey look and feel radically different because they were built for 21st century economics, not 20th century economics. They are organized and managed according to new rules; and it is those new rules that make the difference between surviving - and thriving in - the macropocalypse, or being vaporized by it.
4 more annotation(s)...
- At the Lab, we've found that value chains built on inert channels are significantly less profitable than value chains built on circuits - two-way channels, where context flows in one direction, and goods in the other.
- At the Lab, we've found that scarcity pays: companies who can rescale production at the micro-level are disproportionately more profitable and powerful
- At the Lab, we've found steeply diminishing returns to orthodox strategy - because, like actual war, it destroys tomorrow for today. The 21st century demands a rethink of what's "strategic" - versus what's merely selfish.
- At the Lab, we've found that higher-order innovation - business model, strategic, and management innovation - is associated with significantly more powerful and durable value creatio

Jan

2011

Gartner Research on Building Case-Based Solutions

"Hear Gartner Research Vice President Jim Sinur discuss how case processing addresses today's business drivers. Discover the greatest opportunity for case management and the technologies you can use to develop case-based solutions faster."

www.emc.com/...lding-case-based-solutions.htm

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casemanagement adaptivecasemanagement process bpm unstructuredprocesses compositeprocesses knowledgeworkers dynamicprocesses economics agility dynamism casedbasedprocessing

Aug

2010

A Crisis of Management not Economics

"As you may expect, I have a management lens through which I look at these things. I really think that it is significantly a management problem, more than an economic problem or financial problem. If you look at the sub-prime issue, there were two things that were indications of management gone wrong. One is the short-term nature in how people manage. So, write those mortgages as quick as you can, cash in and get the heck out which is a very short-term perspective with people who are mismanaging"

www.theglobeandmail.com/...article719382.ece

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crisis management economics mintzberg shortterm leadership communities communityship cooperation Sustainabledevelopment

This is partly because they do not care about the long-term and partly because they do not care about their own institutions or customers, they care about themselves.
Even if leadership is designed to encourage and to bring along other people and engage other people, it is still the individual driving it
6 more annotation(s)...
- I think that we need to put more emphasis on what I prefer to call, there is no word for it but I use the word 'community-ship', which is the idea that corporations and other organizations, when they function well, are communities.
- So, you have destroyed the whole sense of community. I think that the worst thing about the American economy today is not what has happened, it is the total depreciation of so many publicly-traded corporations and they are just going down the drain
- To add one other thing, part of the problem is this whole phony separation between leadership and management. The idea that somehow they are the big shots who do all of the leadership, and it is everybody else who does the scud work as managers.
- lso, just one last point, we make a lot of fuss over micro-managing, meddling in the affairs of your subordinates. Macro-managing or macro-leading is a much bigger problem: people who are managing at such an abstract level that they do not know what is going on and that includes all of those bankers that bought all of that mortgage junk
- So, they are not trained to understand and respect their businesses, they are trained to flip from one case to another and it is very dysfunctional.
- I think that there are many more long-term, sustainable manners of raising capital through patient capital, patient capital investors perhaps the sort of Warren Buffett type of person, I do not know, through co-ops. There are amazingly successful business co-ops such as Mondragón in the Basque country that has something like eighty thousand employees and is totally a co-op.

Aug

2009

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

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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 annotation(s)...
- 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.

Oct

2008

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

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mintzberg crisis economics management leadership communityship