THE ECONOMY
SITUATION:
A Timely Question: Has the Internet Changed Capitalism? Answer seems yes.
Further driven by post-pandemic restlessness & a wave of “woke” CEOs.
Fundamental changes in nature of capitalism happening. Expect more ahead.
SIGNIFICANCE:
Number of changes & trends in Capitalism are occurring over time
Here are Three great business trends that have impacted Capitalism:
1) Technology-driven transformation
2) Reinvention of office work
3) Increased attention to social and environmental goals
Source of business value in the 20th century was access to capital.
Now have access to natural resources, investment in infrastructure is essential.
Including plants, stores, trains, and telephone polls [not poles, yet]
Physical world & controlling financial & actual capital gave us the edge.
SOLUTIONS:
Now the source of business value in the 21st century is again Capitalism.
The Result of the transformational effects of technology is people awareness.
Capital is plentiful, physical resources have lost value, & intellectual property rules.
Way to win the game today is to attract the best and the brightest talent.
Best and brightest are demanding flexibility around when and where they work.
People want to work for companies that are doing good in the world & planet.
Human capital is now scarce resource; Sets the tempo for emerging trends .
STATS:
There are 4 categories of Capitalism:
KINDS OF CAPITALISM:
Oligarchic capitalism
State-guided capitalism
Big-firm capitalism
Entrepreneurial capitalism
Three traditional models of capitalism:
Market capitalism
Managed capitalism
State capitalism
EXAMPLE OF LEADERSHIP IN CAPITALISM –
A Woke CEO – Vivek Sankaran, CEO of grocery giant Albertsons,
SOURCES:
1) Fortune Magazine Editor
Alan Murray
@alansmurray
alan.murray@fortune.com
2) “Recognizing fundamental changes in the nature of capitalism”- https://fortune.com/2021/06/28/recognizing-fundamental-changes-in-the-nature-of-capitalism-ceo-daily/\
