A well-managed business will have a high return on invested capital. But that's a consequence. It's not a way to manage a business.
From Peter Senge
In the Machine Age, the company itself became a machine - a machine for making money.
The Industrial Age is not sustainable. It's not sustainable in ecological terms, and it's not sustainable in human terms.
Governments, especially democratic ones, are short-term and nationalistic.
Most leadership strategies are doomed to failure from the outset.
The most universal challenge that we face is the transition from seeing our human institutions as machines to seeing them as embodiments of nature.
In our ordinary experiences with other people, we know that approaching each other in a machinelike way gets us into trouble.
Nobody likes to throw stuff away. It's just antithetical to our sense of being a person. But we're all habituated to that way of living today.
You go to any MBA program, and you will be taught the theory of the firm, that the purpose of the firm is the maximization of return on invested capital. I always thought this was a kind of lunacy.
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