Trade-Offs and Externalities

While doing a bit of research on externalities and trade-offs this afternoon, I came across this graphic representation of sustainable development, and the forces that are in play. For me, it was a nice and clean graphic about how one can think about / present the forces that are occurring in today's market, environment, and society, and offers a starting place for framing the recalibration tha…

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Practically Engaging the Firm’s Externalities to Reduce Risk

While meeting with 10 partners from one of the world's leading consulting firms, I engaged in a conversation where I spoke about how foreign firms in China would seemingly do all they could to look away from obvious risk, and then find themselves in crisis mode when things went south. JCI and Apple were my two examples.  Particularly as BOTH believed (and fought for) they were within legal para…

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Rethinking Capitalism or Rethinking Expectations?

A very interesting interview of Michael Porter focuses on his recent work (thoughts) on how firms going forward are going to have to rethink how they formulate strategies. Creating shared value, Porter effectively states that firms will have look at their value proposition, look at quality, and look at their role as members of society.  That instead of operating through models that extract,…

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Three Gorges Dam Localizes Upstream Waste. Positive Externality?

One of the conversations that I find myself in, and write about as well, is the ability of tangibility to catalyze change. that instead of focusing efforts on issues like "climate Chnage" and saving the polar bears, it is important to look locally at the source to fix problems before their byproducts (methane, CO2, lead, etc) are able to do their damage.  So, when reading through the recent Busine…

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