Home Tags Capitalism
Like it or not, believe it or not, the new era of business is as much about feeling as it is about thinking. As much about trusting as it is about testing. As much about emotion, intuition and instinct as it is about listening, learning & leveraging.
When it comes to smarts, Harvard professors and their Ivy League cronies always bring their A-game. So when educator Michael E. Porter recommended capitalism could do with a bit of a rethink, it’s worth listening to what the fellow has to say.
Shareholders around the world have seen extravagant expenditures of their wealth squandered by CEOs with their arm-waving and talmudic reading of balance-sheets and P&Ls, like the obsessive, pre-scientific study of entrails. Less than one CEO in a hundred could give an intelligent, educated account of what strategy it would take for their business to survive in the rapidly evolving environment of the next decade.