We know this intuitively: The headquarters for optimists is Silicon Valley, and the headquarters for pessimists is Main Street.
While tech innovators dream big dreams, ginning up devices that will save the world, Main Street tries to do more with less, which drives pessimism. Andrew McAfee of MIT’s Sloan School ofcalculates that half of our current jobs will be automated out of existence. So how should leaders respond?
Accenture CEO Pierre Nanterme says they need to dump some assumptions.
Instead of wishing for a “sustainable competitive advantage,” says a report from Oxford’s business school, leaders must understand that nothing is sustainable. Almost half the companies on the Fortune 500 list in 1999 have fallen off.
Nimbleness is now the most prized quality. Smaller enterprises already are agile, live in the moment and do more with less.
— Adapted from “Schumpeter: Mammon’s Manichean turn,” The Economist.