Posted by admin on August 31, 2010 · 1 Comment
“The disparity between rich and poor countries is the most serious, intractable problem facing the world today.” William Lewis, Founding Director of McKinsey Global Institute, contends in McKinsey’s book, The Power of Productivity, (2004 University of Chicago), that “the key to improving economic conditions in poor countries is increasing productivity through intense fair competition and [...]
Posted by admin on August 22, 2010 · 2 Comments
Paul Krugman, the 2008 winner of the Nobel Memorial Prize for Economics, says that in economies where trade is a small component of GDP as in the Philippines, the main determinant of competitiveness is domestic productivity. And, in my view, addressing development policy via domestic productivity at the industry or firm level, and not with [...]
Posted by admin on August 15, 2010 · 3 Comments
The productivity surge in American business from 1980 through 2000 was driven by innovations like Six Sigma. Motorola first innovated on Six Sigma in the late 1980s as a method to manage process variations for quality improvement in manufacturing that, linked with business strategy, ultimately yielded improved productivity in the whole business. In the 1990s. [...]
Posted by admin on August 10, 2010 · 1 Comment
William Easterly criticized his fellow economists in international financial institutions for failing poor countries in their elusive quest for growth in his ‘hard-nosed’ (Solow) and ‘original’ (The Economist) 2001 book. In the Preface to this edition (2002), he writes “the World Bank encourages gadflies like me to find another job.” He had to move on [...]
Filed under Books and Journals, National Innovation Systems · Tagged with change management, development, easterly, elusive quest for growth, emerging markets, endogenous technological change, evolutionary theory of economic change, expanding freedom, Growth, incentives, nelson, NIS, Paul Romer, winter
Posted by admin on July 30, 2010 · 1 Comment
Amartya Sen, 1998 Nobel Prize winner for economics, is one of the most eminent development economists today. In his book, Development as Freedom (1999, Anchor), Professor Sen quotes Aristotle in the Nicomachean Ethics in justifying why he believes freedom is more important than wealth as the true object and subject of development: “wealth is evidently [...]
Posted by admin on July 26, 2010 · 4 Comments
Frederick Winslow Taylor (1856 – 1915) is considered the father of scientific management and first management consultant. He pioneered methods engineering and was the first to analyze work in detail and set them up as rational operations for efficiency. His innovative methods made workers in the West and Japan much wealthier than workers under Soviet-style [...]
Posted by admin on July 22, 2010 · Leave a Comment
Governor Amando M. Tetangco Jr. and the Bangko Sentral have adapted a great innovation for the Philippines – inflation targeting. I say adapted because inflation targeting is typically applied in industrial nations and not an emerging market like the Philippines. The adaptation is in setting a medium-term target and range to 4% +or- 1% to [...]
Posted by admin on July 19, 2010 · Leave a Comment
Albert Einstein moved physical science from the cause-and-effect and deterministic mode of Isaac Newton into the probabilistic with his four breakthrough 1905 papers, the first one on photoelectric properties of which he was awarded the 1921 Nobel Prize in Physics. In so doing he extended scientific knowledge from earth-centric, as is the state of the [...]
Posted by admin on July 15, 2010 · Leave a Comment
Joseph Schumpeter introduced the concept of the entrepreneur as the true locomotive of the modern economy. Further, he identified that economy’s true context as the then ‘new normal’ of creative destruction from continuous innovation, and not the seeking of price equilibrium from perfect competition. While the modern definition considers all businesspersons as entrepreneurs, Schumpeter equated [...]
Posted by admin on June 30, 2010 · 2 Comments
As I write this post, I am listening to President Aquino deliver his speech; indeed an inspiring one as an inaugural speech ought to be. Just institution-building? Yet, from the speech, President Nonoy seems just focused in building, if not re-building, the institutions of a working capitalist democracy – possibly as countervailing powers in the [...]
Posted by admin on June 26, 2010 · Leave a Comment
Writing about what Filipino social entrepreneurs – like Reese Fernandez, Mark Ruiz and Jay Bernardo – actually do as innovators left me stumped and sidetracked. Thus, before posting about Mark and Jay, the inevitable a priori question must be asked: what makes a social entrepreneur tick? Stoking the Inner Fire. This question led me to [...]
Filed under Books and Journals, Innovation and Entrepreneurship · Tagged with Amartya Sen, comparative realization, contractarian, countervailing powers, George Bernard Shaw, innovator, Jay Bernardo, Justice, Man and SUperman, Mark Ruiz, Philippines, Reese Fernandez, revolutionist, Social Entrepreneurs, Ubermensch
Posted by admin on June 18, 2010 · 3 Comments
In China, they have a saying, “one cannot step into the same river twice.” Lu Qiwen first wrote about the China brand of national innovation systems, Indigenous Innovation, in China’s Leap into the Information Age: Innovation and Organization in the Computer Industry (Oxford, 2000). It seems, that the mode of national innovation system as described [...]
Filed under Books and Journals, National Innovation Systems, Social Innovation and Social Entrepreneurship · Tagged with anti-oxidants, China, Drucker, DUI-Learning, indigenous innovation, Lenovo, Lu Qiwen, Lundvall, National Innovation Systems, Philippines, Social Innovation and Social Entrepreneurship, STI-Learning
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