With Charles Hugh Smith & Gordon T Long
29 Minutes, 25 Slides
The Post-Capitalist Society, as outlined by the renowned Management consultant
Peter Drucker, was about the transition from an era of capital constraints
to that of a Knowledge Society. A society where Innovation would become the
driver of economic success.
This should be the age of a new American renaissance, as few have ever come
close to matching the USA for innovation in almost any field of endeavor. Something
however went wrong and the US is no longer the innovator it once was.
What happened?
The short answer is a failing education model, inadequate skill levels, personal
debt levels and misguided career expectations. These issues and more are discussed
in the context of the globally changing Nature of Work.
With "Time" as the new competitive dimension, the business mandate is now:
- RAPID Innovation and Product Development,
- Shorter Product Life Cycles,
- Accepted heightened Product Life Cycle RISK,
- Immediate Access to New and Changing Skills to Innovate
It means that the new organization models, such as the "Microsoft" and Neural" Models,
are now in play but as in other areas, America is quickly falling behind. The
irony is that the Innovation for these models was incubated in the US but changing
cultural values, government dependency and pervasive personal debt levels has
left America unable to capitalize.
American corporations frustratingly find themselves unable to hire the qualified
people they need to rapidly innovate at home. Meanwhile, an obsolete American
public education system is focused on other priorities.
The reality is that:
Innovation Means
- WILLINGNESS to Take RISK,
- The Financial ABILITY to Survive Failure
- The Willingness to Sustain a LOW STANDARD OF LIVING while taking the
RISK
With 25 charts Charles Hugh Smith and Gordon T Long discuss the changing fabric
of work today and show how few Americans are any longer willing, capable or
sufficiently skilled to do the"heavy lifting" DEMANDED for globally competitive
innovation.
As in the Roman Empire the public is more interested in public sports spectacles
and leisure pursuits, preferring to leave the 'work' to others.
Video: America No Longer Innovative Driven
29 Minutes, 25 Slides
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