Business Insight Zone

Tom Peters writes a typically exclamation-point-filled blast in praise of the Schumpeterian de- and reconstruction carried out by entrepreneurs:

Built to Be Eclipsed

As Solow says, “[Schumpeter] was explicit that, while technological innovation was in the long run the most important function of the entrepreneur, organizational innovation in governance, finance and management was comparable in significance.” Thus the advantage that accrued to, say, Dell’s supply chain organizational-management approach (abetted, indeed, by new technology) is as decisive to progress (at the moment — which is the point!) as is Amgen’s latest FDA-approved compound.

This struck me because of (1) the Fast Company item on solar power discussed the other day, in which Charles Fishman wrote:

Solar, it turns out, hasn’t been waiting for a technology breakthrough. It’s been waiting for a business model breakthrough.

and (2) this item from last month in which I (and Pascal Zachary) cited the Schumpeterian effects of businesses addressing global warming.

Pulling all of this together: I’m more prepared than ever to be wowed by the creativity of entrepreneurs inventing the next generation of companies that will (figuratively) power the economy while (literally) powering the world.

Category: Economics, Energy, Green & Clean