Synopses & Reviews
Welcome to the worst decade since the Great Depression. Trillions of dollars of financial assets and shareholder value destroyed; worldwide GDP stalled; new jobs vanishingly scarce. But this isnt just a severe recession. Its evidence that our economic institutions are obsoletea set of ideas inherited from the industrial age that no longer work for business, people, society, or the future.
In The New Capitalist Manifesto, economic strategist Umair Haque argues that business as usual has outgrown the old paradigm of short-term growth, competition at all costs, adversarial strategy, and pushing costs onto future generations. These outworn assumptions are good for creating only thin” valuegains that are largely illusory and produce diminishing returns every year.
For thick” valueenduring, meaningful, sustainable advantage that deeply benefits the larger societyHaque details five new cornerstones of prosperity in the twenty-first century:
Loss advantage: From value chains to value cycles
Responsiveness: From value propositions to value conversations
Resilience: From strategy to philosophy
Creativity: From protecting a marketplace to completing a marketplace
Difference: From goods to betters
The New Capitalist Manifesto makes a passionate, razor-sharp economic case that these methods will produce a more enduring prosperity for business as well as society.
Review
Umair Haques
The New Capitalist Manifesto is worth reading; primarily, because in it, he undertakes an exploration of a new (and in many peoples minds, a badly needed) form of capitalism...his book presents his ideas with panache.”
Globe and Maila wake-up call and a compelling vision of a desirable future” Strategy and Business
"
a wonderfully written book that helps readers become the change they want to see, declaring that Though the pages that follow are filled with examples
I dont want you to follow an example, but to be the example.'" Jack Covert, 800 CEO READ
"This is a good book. And you should read it, mark it up with a pencil, and then read it again." Triple Pundit
Synopsis
Welcome to the worst decade since the Great Depression. Trillions of dollars of financial assets destroyed; trillions in shareholder value vanished; worldwide GDP stalled.
But this isn't a financial crisis, or even an economic one, says Umair Haque. It's a crisis of institutions'ideals inherited from the industrial age. These ideals include rampant exploitation of resources, top-down command of resource allocations, withholding of information from stakeholders to control them, and a single-minded pursuit of profit for its own sake.
All this has produced "thin value"--short-term economic gains that accrue to some people far more than others, and that don't make us happier or healthier. It has left resources depleted and has spawned conflict, organizational rigidity, economic stagnation, and nihilism.
In Constructive Capitalism, Haque advocates a new set of ideals:
· Renewal: Use resources sustainably to maximize efficiencies.
· Democracy: Allocate resources democratically to foster organizational agility.
· Peace: Practice economic non-violence in business.
· Equity: Create industries that make the least well off better off.
· Meaning: Generate payoffs that tangibly improve quality of life.
Yes, adopting these ideals requires bold and sustained changes. But some companies are rising to the challenge. In this bold manifesto, Haque makes an irresistible business case for following their lead.
Synopsis
Haque maintains that the worst decade since the Great Depression is actually a crisis of institutions' ideals inherited from the industrial age. In this bold manifesto, Haque advocates a new set of ideals, and makes an irresistible business case for following the lead of companies that adopt these ideals.
About the Author
Umair Haque is the Director of the London-based Havas Media Lab and heads Bubblegeneration, a strategy lab that helps discover strategic innovation. He studies the economics of the future: the impact that new technologies, management innovations, and shifting consumer preferences will exert tomorrow on the industries and markets of today.