Corporations who play this game of economic musical chairs are in for a rude awakening – because the music just stopped.
This, a pithy line from Umair Haque’s take on the world financial crisis happening right now, sums it up. To put a finer point on it, he says this:
the macro crisis isn’t really a financial crisis, an economic crisis, a liquidity crisis, or a solvency crisis. It’s an institutional crisis: the economic institutions of capitalism are in shock.
Haque uses Starbucks as an ongoing example of the wrong way to proceed, as well as the right opportunities for re-forming the economy of the future.
And in the comments, something from Ethan Bauley really struck a chord with me:
Design is everything. MBA should be renamed MBD: Master of Business Design. Holistic business design that balances all disciplines is the future of value creation.
This concept isn’t new. BusinessWeek named Bainbridge Graduate Institute—with their MBA in Sustainable Business—among the top design schools in the world.
Read more of Haque’s article: Why Traditional Recession Tactics Are Doomed To Fail This Time »
Bainbridge Graduate Institute + MBA in Sustainable Business »
