(2009-01-10) Haque21st Centure Econ

Umair Haque on the Network Economy, as triggered by Credit Crisis 2008. In the 20th century, Innovation was about processes, products, and services: that's why most boardrooms are still investing in lower-order innovation. At the Lab, we've found that higher-order innovation - Business Model, strategic, and Management innovation - is associated with significantly more powerful and durable value creation. Think Apple (reinforcing simple product innovations, like the IPod and IPhone, with Disruptive new Value Chain designs, via ITunes and the AppStore).

Robert Paterson sees a similar outcome from a different perspective. We don't need an Institution to stand between ourselves and what we value the most. We don't need a school system to get educated. We don't need a health care system to get us well. We don't need a Godlike National Leader to ensure the well being of our communities... Networks of truly skilled people versus institutions of people with credentials will take over key areas of society. More and more kids will learn at home or via networks. More and more of us will help each other cope with illness or to stay well. The rise of the local community linked into networks of other communities in the context of seeking local resilience will challenge the National Government for the control of most of their tax dollars - seeking to reverse the tax polarity where in the future the community gets the most, the state the next layer and the nation the least.

Mar07'2009 update: Jeff Jarvis gives lots of detail. And so there is our Great Restructuring, Great Rethink, Great Reboot, call it what you will: The change in our society and how it is structured are both causing and necessitating change in the economy and its industries. The crisis is bigger than it appears in the rear-view mirror. It's more than jobs lost and companies folding. It's a New Economy built on a new society that we are only just beginning to recognize if not understand. That is WWGD? ([[What Would Google Do]?]) - and its sequel. This was at BRITE. (Multiple people commented on Umair's use of Prezi Zooming Presentation Software.)