Last week I was thinking about the bottom line and perfect competition in a Capitalist economy. Organizations are in the era of hyper competition characterized by globalization, seller saturation and finite informed and picky customers. Long term competitive advantage and economic stability is no longer guaranteed as the new entrants keep creating innovations to disrupt the competition and "steal" their customers. Organizations are forced to optimize all national and global resources to minimize cost and maximize profit. Many times this bottom line is at the expense of our already depleted environment, like importing low cost goods/services manufactured abroad. These goods are low cost because they did not factor in the cost to safely dispose their byproducts. The world at large is impacted by this pollution as it is carried back and forth by the winds and the waters. I remain troubled by the rate at which we plunder our environment and extract finite resources. Are we catalyzing our own extinction? How come sanctions are imposed if we break the law, but no sanctions are imposed when we rob our posterity of their future? If we all become agents of positive change by using only renewable resources instead of depleting our environment, we will restore our ecological balance. Live and let live. Do no harm.
Last week I was thinking about the bottom line and perfect competition in a Capitalist economy. Organizations are in the era of hyper competition characterized by globalization, seller saturation and finite informed and picky customers. Long term competitive advantage and economic stability is no longer guaranteed as the new entrants keep creating innovations to disrupt the competition and "steal" their customers. Organizations are forced to optimize all national and global resources to minimize cost and maximize profit. Many times this bottom line is at the expense of our already depleted environment, like importing low cost goods/services manufactured abroad. These goods are low cost because they did not factor in the cost to safely dispose their byproducts. The world at large is impacted by this pollution as it is carried back and forth by the winds and the waters. I remain troubled by the rate at which we plunder our environment and extract finite resources. Are we catalyzing our own extinction? How come sanctions are imposed if we break the law, but no sanctions are imposed when we rob our posterity of their future? If we all become agents of positive change by using only renewable resources instead of depleting our environment, we will restore our ecological balance. Live and let live. Do no harm.
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