Wednesday, January 26, 2011

The new, new economy

The model of business that we have operated under for a century or more is that the firm’s purpose is to lower costs by increasing efficiency. As much as possible, firms safeguard information on how they do this.

Perhaps the new era heralds a different purpose for the firm. Now our responsibility is to increase knowledge, and by synergizing it with the knowledge produced by others we multiply our knowledge. The whole world benefits. 

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