The Life of the Mind, Author: Hannah Arendt.
By Maria Popova – While our thirst for knowledge may be unquenchable because of the immensity of the unknown, the activity itself leaves behind a growing treasure of knowledge that is retained and kept in store by every civilization as part and parcel of its world.
The loss of this accumulation and of the technical expertise required to conserve and increase it inevitably spells the end of this particular world. more> http://tinyurl.com/pcg6m9w
Posted in Book review, Business, Economic development, Economy, Education, History, Leadership, Media, Science, Technology
Tagged Business improvement, Industrial economy, Leadership, Organization, Physics, Technology, Thinking, Truth
By Steve Denning – The entrenched interests are mutually reinforcing, as society as a whole has come to accept the practices and ideology of 20th Century management as inevitable.
The C-suite is offered extraordinary compensation by their boards for implementing the practices. Business schools teach their students how do it.
Institutional shareholders are complicit. Regulators pursue individual wrong-doing rather than addressing systemic failure. Rating agencies reward malfeasance. Analysts applaud short-term gains and mostly ignore long-term rot.
Politicians, lavished with campaign contributions, stand by and watch. In such a context, it isn’t easy for any individual business leader to take a stand and say: this is simply not right.
It’s the entire society that needs to change. more> http://tinyurl.com/p4as2xl
Posted in Banking, Business, Economy, Education, History, Leadership, Media, Regulations
Tagged Business, Capital, Government, Industrial economy, Leadership, Monetary policy, Regulations, United States
By Dana Milbank – This is how a Nobel Peace Prize laureate goes to war.
He admits his country’s own flaws, praises “the path of diplomacy and peace,” and asserts that lasting gains cannot be “won at the barrel of a gun.”
“No god condones this terror. No grievance justifies these actions. There can be no reasoning, no negotiation, with this brand of evil. The only language understood by killers like this is the language of force. So the United States of America will work with a broad coalition to dismantle this network of death.” more> http://tinyurl.com/qhpbnd7
Posted in CONGRESS WATCH, Economic development, Economy, History, Leadership, Media
Tagged Barack Obama, Congress Watch, Government, Leadership, Organization, Regulations, United States, War
By Ahmed Rashid – John Sopko, the special inspector general for Afghanistan reconstruction, apparently is the only official in Washington who dares speak truth to power.
In a Sept. 12 speech at Georgetown University, he said that Afghanistan “remains under assault by insurgents and is short of domestic revenue, plagued by corruption, afflicted by criminal elements involved in opium and smuggling, and struggling to execute basic functions of government.”
His comments were largely ignored by the American media.
And yet anything less than a heavy dose of honesty and fresh thinking by Afghans and their Western supporters will almost certainly mean the relapse of Afghanistan into civil war and the emergence of groups even more extreme than the Taliban, as has happened in Iraq and Syria. more> http://tinyurl.com/qz7uuwb
Posted in CONGRESS WATCH, EARTH WATCH, Economic development, Economy, History, Leadership, Media
Tagged Afghanistan, Congress Watch, Government, Leadership, Organization, Regulations, United States
By Steve Denning – In a world in which corporate performance and executive compensation are linked to earnings per share (EPS)  and the firm’s share price, share buybacks are an easy way out.
A shortfall in earnings?
No problem! Executives can just have their firm buy a swathe of their own shares (generally in secret) and hey presto, the share price rises; they get their bonus and short-term investors make a quick buck. more> http://tinyurl.com/kbqwr7v
Posted in Business, Economy, Education, Leadership, Media
Tagged Business improvement, Capital, Industrial economy, Jobs, Leadership, Organization, Stock buyback, United States
By Dinah Wisenberg Brin – “The question is not whether your company’s employees and leaders have the right skills; it’s whether they have the potential to learn new ones.”
The ability to choose such employees will be more critical in coming years, as globalization, demographics, and underdeveloped pipelines of future company leaders will make senior talent more scarce.
While it’s easier to measure past performance, it’s also possible to evaluate potential.
“High potentials … show deep personal humility and invest in getting better at everything they do.” more> http://tinyurl.com/q4ptxmg
Posted in Business, Economic development, Economy, Education, How to, Leadership
Tagged Business improvement, Industrial economy, Jobs, Leadership, Organization, Productivity
By Matt Phillips – Auto sales are booming—but that’s largely because it’s so easy for consumers to get loans.
In a consumption-dominated economy like the US, consumers need to spend.
And if consumers don’t have the wages to spend, the only way to keep the consumption engine going is by extending debt to people with extremely shaky finances.
That’s a recipe for a future full of financial crises. more> http://tinyurl.com/mf2obd3
Posted in Banking, Business, Economic development, Economy, Education, History, Leadership, Media, Regulations
Tagged Business, Capital, Credit, Financial crisis, Government, Industrial economy, Jobs, Leadership, Regulations, United States