Peter Burgess Dialog
LinkedIn ... May 2013

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Burgess COMMENTARY

Pretty much all the variants of modern business models are based on getting the best results for the business owners and the C-level executives, which is more or less the recipe that Adam Smith identified about 350 years ago. Optimizing for (1) money profit; and, (2) stock prices has become very sophisticated. Analysts and pundits love GDP growth because it makes it easier to grow money profit and stock prices.

Surely it is time for the leadership to move beyond this model to something that addresses socio-economic progress for (1) people; (2) place; (3) planet; and, (4) profit perhaps in that order of importance. With so much knowledge and so much amazing science and technology it is bizarre that so many people, especially youth are unemployed or underemployed. Our rules based modern monetary economy has become a dangerous constraint on progress rather than being a framework to facilitate progress.

In my view we need new metrics so that decisions can be made to optimize the progress of people, place, planet and profits, we need complementary currency and credit arrangements to enable full use of human talent, and we need an academic educational establishment that is prepared to embrace a better way of doing things.

Do any of the business models being taught in any of the major business schools move the next generation of management in this direction?

Peter Burgess TrueValueMetrics