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Jun 29, 2008
"Revolution is not something fixed in ideology, nor is it something fashioned to a particular decade. It is a perpetual process embedded in the human spirit." --Abbie Hoffman
Manifesto for the Next Industrial Revolution
How does economic growth happen -- from a strategic point of view? Joseph Schumpeter argued that growth happens through a process of creative destruction. But creative destruction has two sides -- the costs of destruction as well as the benefits of creation. And as creative destruction intensifies, the costs of this great tradeoff sharpen. How can we avoid this tradeoff and how do we begin reorganizing the industrial economy? According to Umair Haque, it is "By using markets, networks, and communities to alter the way resources are managed: to weave a fabric of incentives for sustainable growth and authentic value creation into the economy -- a new economic fabric that's meaningful to people." This Harvard Business Press Blog has Haque's full article, putting forth a manifesto for the next industrial revolution.
BE THE CHANGE
Apply some of Haque's principles in a group that you are a part of, whether it's your family, your organization, or your school.
