21st century prosperity™ for slideshare

21st century prosperity™ for slideshare

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  Lives lived meaningfullywell 04/02/2012 © Richard Merrick 2007-11 1
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  "Our gross nationalproduct counts air pollution and cigarette advertising, and ambulances to clear our highways of carnage. It counts special locks for our doors and the jails for those who break them. It counts napalm and the cost of a nuclear warhead, and armoured cars for police who fight riots in our streets. It counts Whitman's rifle and Speck's knife, and the television programmes which glorify violence in order to sell toys to our children. "Yet the gross national product does not allow for the health of our children, the quality of their education, or the joy of their play. It does not include the beauty of our poetry or the strength of our marriages; the intelligence of our public debate or the integrity of our public officials. "It measures neither our wit nor our courage; neither our wisdom nor our learning; neither our compassion nor our devotion to our country; it measures everything, in short, except that which makes life worthwhile. And it tells us everything about America except why we are proud that we are Americans." Robert Kennedy, just before he was shot. 04/02/2012 © Richard Merrick 2007-11 2
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  “constituencies are demandingbetter because they’re beginning to recognise that the greatest waste in history is squandering the full richness of untapped human potential. And as a consequence they’re demanding relationships powered by exchanges that don’t just maximise “profit” on one side and yield “stuff” on the other, but that redraw the boundaries of human potential. They are demanding organisations that don’t just make money, but that can begin seeding nurturing and harvesting higher order wealth, with them, and for them. People, communities, society, governments, investors, and employees alike are all starting to say: “ I’m not interested in your business. Business is obsolete. The real question is: can your company do anything more than just “business”? What can you do to inspire, amaze, delight, surprise, elevates, enlighten, and better me, and the community around me? What can you do to evoke my full potential, and that of the people I care about? What can you do to authentically matter to me? Umair Haque, “Betterness” Jan 2011 04/02/2012 © Richard Merrick 2007-11 3
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   The Human Development Index, organised by the UN is a comprehensive measure of overall human development covering financial and USA non financial measures.  Since the end of the last Century, the index for UK most countries in the West have started trending flat, whilst those in the major emerging economies continue to grow strongly. China  "Our updated research suggests that China's economic output – its gross domestic product – could match that India of the US as early as 2027, and perhaps even sooner," he writes. "Since 2001, China's GDP has risen fourfold, from $1.5 trillion to $6 trillion [£949bn to £3.7trillion] Economically speaking, China has created three new Chinas in the past decade. And it's likely that the combined GDP of the four BRIC nations will exceed that of the US sometime before 2020.“ Jim O’Neill Goldman Sachs Nov 2011 http://hdr.undp.org/en/ 04/02/2012 © Richard Merrick 2007-11 4
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   In the last twenty years, growth in the West has been enabled by an explosion of personal, corporate and bank debt which is proving unsustainable (For UK, See Inset).  The current crisis cycle (2008 – present) suggests that debt capacity is exhausted and that growth for the next several years, and probably the remainder of the decade, will be at best very low.  In the West, consumerism as a path to satisfaction is an option likely to be available to a small minority. http://www.economist.com/content/global_debt_clock 04/02/2012 © Richard Merrick 2007-11 5
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   In the last twenty years, growth in the West has been enabled by an explosion of personal, corporate and bank debt which is proving unsustainable (For UK, See Inset).  The current crisis cycle (2008 – present) suggests that debt capacity is exhausted and that growth for the next several years, and probably the remainder of the decade, will be at best very low.  In the West, consumerism as a path to satisfaction is an option likely to be available to a small minority. http://www.economist.com/content/global_debt_clock 04/02/2012 © Richard Merrick 2007-11 6
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  Source: The Economist 04/02/2012 © Richard Merrick 2007-11 7
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  Source: BCG 04/02/2012 © Richard Merrick 2007-11 8
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  04/02/2012 © Richard Merrick 2007-11 9
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   Focusing on Money actually blinds us to the pleasure of other things.  Key drivers, once we have sufficient money http://www.youtu to take care of basics, are be.com/watch?v= Autonomy, Meaning and Purpose.(Dan Pink) u6XAPnuFjJc  The Neuroscience view supports this, across 5 domains – http://www.youtu be.com/watch?v= Status, Certainty, Autonomy, Relatedness 5Wu33SdjeCs and Fairness.(David Rock) 04/02/2012 © Richard Merrick 2007-11 10
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   20th Century “Industrial” business structures inhibit many of the factors that lead to personal fulfilment and engagement.  The bond of trust that characterised many organisations in the middle decades of the last Century have been eroded by restructuring and outsourcing.  Levels of staff disengagement are high, and increasing.  We have chronic youth unemployment in the West – not just disengagement, but outright contempt.  The ROA of “Industrial” businesses has dropped significantly (ROA for American Business is one quarter of that it was in 1965) 04/02/2012 © Richard Merrick 2007-11 11
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   Learning is no longer the “expert” pouring knowledge into the brain of the learner in pursuit of corporate need.  It is personal, social, contextual and determined by the learner.  There will be another 3 billion educated workers in the workplace by 2050. Most of them in emerging economies. 04/02/2012 © Richard Merrick 2007-11 12
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   There is increasing evidence that the traditional measures of success are being replaced by more grounded goals. 04/02/2012 © Richard Merrick 2007-11 13
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  04/02/2012 © Richard Merrick 2007-11 14
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   International economies will A be more balanced. productive, fulfilling and  Dominance is likely to be a memory. transitory  “Talent” – the capability to The power and relationship make a difference – will be mobility of in short supply. “talent”  There will be 3 billion more people in the labour force by 2050. The attraction  “Standard Labour” will be plentiful, and and capability cheap. of the  Organisations will no longer organisation call the shots.  “Talent, individually & collectively, organised in tribes of common interest, will. 04/02/2012 © Richard Merrick 2007-11 15
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   “Talent” will be varied, dispersed and self Purpose driven determining  Learning will be determined by the user, not the organisation Hub Learning and User  Businesses and organisations delivery communities Enabling, determined learning will be warehouses of not controlling resource – plant, equipment and capital.  Learning and delivery will be Resources and social – tribes of common organisations interest and purpose 04/02/2012 © Richard Merrick 2007-11 16
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  04/02/2012 © Richard Merrick 2007-11 17
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  We have minedour minds as we strip mine for minerals – in search of only a part of what is there – and for the future, it will not do. Sir Ken Robinson ....rewards can perform a weird sort of behavioral alchemy; they can transform an interesting task into a drudge. They can turn play into work. Dan Pink Only when the apple fell from the tree did Sir Issac Newton begin pondering the nature of gravity. John Hagel First in Public School, then in the job culture, we learn to follow the rules and do as we’re told. Obedience and conformity, sad to say, are the common motives of humanity today. Trusting yourself to cast those motives off and follow your own path requires a leap of faith – but it is only down your own path that you will find your heart. Pace Smith Being right keeps you in place. Being wrong forces you to explore. Steve Johnson Following the financial crises of 2008, most businesses, and most people are waiting for “normal” to return. It won’t. We have reached the inflexion point where two centuries of momentum from the industrial revolution have run their course. We are overdrawn, overextended and absent joy and purpose in our lives. Prosperity in the 21st Century needs a radically new paradigm. Richard Merrick 04/02/2012 © Richard Merrick 2007-11 18
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  richard@eatonbank.com www.21stcenturyprosperity.org 04/02/2012 © Richard Merrick 2007-11 19