Latest Business Strategy Craze: Non-Growth
Taking the small is the new big notion to its furthest extreme, an MIT Sloan School of Management professor is trumpeting the idea that no-growth is the new growth for businesses in these trying economic times. How convenient! Non-growth is today's latest business stragegy craze.
No, really, says, MIT Professor Emeritus Joe Forrester who calls stagnation opportunity in disguise, at least from the management standpoint. He emphasizes that management schools could revolutionize their mantras to adjust to a low-growth or no-growth economy. "I think one of the biggest management problems is going to be to understand how to manage a successful non-growing company -- and how to get out of the frame of mind that success is measured only by growth." A wild statement to be sure from the man who significantly facilitated modern computing, and modern business, by inventing RAM. Forrester also dimisses the nebulous trend toward sustainability that, in his opinion, is too often confused with short-term survival. "The opportunities that grow out of what is now going on in the name of sustainability are not particularly noteworthy," he says. Read all of Professor Forrester's skeptical comments and other mind-benders in this interview at MIT News.
Antimicrobial resistance is growing worldwide, rendering many "work horse" medicines ineffective. Without intervention, drug-resistant pathogens could lead to millions of deaths by 2050. Thankfully, companies like Pfizer are taking action.
- Antimicrobial-resistant pathogens are one of the largest threats to global health today.
- As we get older, our immune systems age, increasing our risk of life threatening infections. Without reliable antibiotics, life expectancy could decline for the first time in modern history.
- If antibiotics become ineffective, common infections could result in hospitalization or even death. Life-saving interventions like cancer treatments and organ transplantation would become more difficult, more often resulting in death. Routine procedures would become hard to perform.
- Without intervention, resistant pathogens could result in 10 million annual deaths by 2050.
- By taking a multi-faceted approach—inclusive of adherence to good stewardship, surveillance and responsible manufacturing practices, as well as an emphasis on prevention and treatment—companies like Pfizer are fighting to help curb the spread.
Entrepreneur and author Andrew Horn shares his rules for becoming an assured conversationalist.
- To avoid basing action on external validation, you need to find your "authentic voice" and use it.
- Finding your voice requires asking the right questions of yourself.
- There are 3-5 questions that you would generally want to ask people you are talking to.
Swiss researchers identify new dangers of modern cocaine.
- Cocaine cut with anti-worming adulterant levamisole may cause brain damage.
- Levamisole can thin out the prefrontal cortex and affect cognitive skills.
- Government health programs should encourage testing of cocaine for purity.
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