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

Jan

2012

"A former Harvard Business School professor says companies must commit to 'I-space' and collaboration, not financialization and administration "

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we managed to produce a generation of managers and business professionals that is deeply mistrusted and despised by a majority of people in our society and around the world.
Some 77% of Americans say they refuse to buy products or services from a company they distrust,
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- Many companies reacted to this decline by finding new ways to cut costs.
- Under the flag of "shareholder value," (a concept honed by HBS faculty and glorified in many of our courses), firms also turned to "financialization," another specialty of the curriculum. Since the 1980s, goods-producing firms have made more of their revenue and profits from finance than from selling their products.
- Historians observe that financialization is a typical indicator of economic decline
- As Harvard—along with many other business schools—now tries to understand what went wrong, it's essential that everyone involved in business learns how to be the future. There are turning points in history when it's time to salvage what is valuable from the old and put our energies into constructing a new model based on new rules