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The art and science of the possible

~ A celebration of non-zero sum thinking

The art and science of the possible

Monthly Archives: May 2015

What does an “innovation economy” really mean?

22 Friday May 2015

Posted by lnedelescu in human capital, innovation, management, Organizational Development, society

≈ 1 Comment

Tags

Agile, Economy, Independent judgement, Innovation, Knowledge Economy, Knowledge worker

Prosperity

We have entered the knowledge economy, but are only dismally realizing its tremendous potential for accelerating human progress and prosperity. While we acknowledge human talent as the chief resource of the 21st century, we fail to utilize the creative potential for a majority of the workforce. In fact, the portion of the employed workforce which utilizes independent judgement has remained stagnant for decades [see Nilofer Merchant]. Regarded from this angle, our state of the art economy is only marginally efficient at turning knowledge into innovation.  Progress is only achieved painstakingly and convolutedly. The lost opportunity cost is tremendous [see David Nordfords].

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Lightfoot strategy

22 Friday May 2015

Posted by lnedelescu in business, complexity

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Tags

complexity, Emergence, strategy

Light Foot Strategy

There are many models for strategy under uncertainty but few useful metaphors. Just what does strategy under complex, unpredictable conditions look like? Picture yourself attempting to cross a fast moving stream by stepping on small, irregular, slippery and so unstable rocks. Your vision is clear: get to the other side of the stream. You could sit there and contemplate a viable path across the stream, but your plan will be sketchy at best. For one, the water partially obscures many of the stones you’re about to use, making it impossible to make accurate predictions in terms of stability. Off you go. You find out quickly that the best approach is keeping a lightfoot and moving very fast. You never want to lean all your weight on any particular stone. You use each stone with the assumption that it will roll – and so you minimize your time spent on each step. You improvise – you focus on the next viable step, and only see the few stones around it.

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Latest

  • Intelligence is Intentional
  • Plenty of Room at the Top: the case for a viable man-machine economic future
  • What does an “innovation economy” really mean?
  • Lightfoot strategy
  • Capital: a brief philosophy

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