Tag Archives: Knowledge
The cartel-controlled college education model is failing
Thursday, October 3, 2013, 10:10 PM
There is a revolution underway in education that is being driven by digital technology. Like all technologically fueled upheavals, this revolution requires creative destruction of the current industry, which is resisting the revolution even as it attempts to embrace the parts that might preserve the status quo.
The dawn of the 'self-reliant' worker
Thursday, April 4, 2013, 1:04 PM
- The importance of "ownership" of specialized & skills
- Why decentralization of work (vs the traditional hierarchical organization) is the future
- Why disruption and fluidity will be the norm for most sectors of the economy
- Why flexibility, innovation and self-reliance will be the hallmarks of the successful post-capitlaist worker
If you have not yet read Part I: We're Living Through a Rare Economic Transformation, available free to all readers, please click here to read it first.
In Part I, we reviewed the basic structure of what author Peter Drucker termed the post-capitalist society, a knowledge economy based on a model of decentralized, perpetually innovating organizations.
In Part II, we ask: How do we turn these structural insights to our own advantage?
I want to start with the social-political-economic divide that is endemic to the knowledge economy: the widening gap between the class of knowledge workers, which Drucker understood would be the smaller of the two classes, and service workers.
In broad brush, those workers and enterprises engaged in sectors that generate most of the wealth creation will do much better financially than those engaged in low-margin sectors. In the knowledge economy, those with high-level, specialized skills will create more value and thus be better compensated than those with generalized knowledge and/or lower-level skills.
A fast-food worker, for example, is the modern-day assembly-line worker. The entire process of assembling and serving fast food is highly organized for speed and efficiency. But since the product is not high-value, the workers cannot be highly compensated for this work.
As Drucker recognized, all work requires management, and all organizations need to learn to innovate. This creates opportunities for highly trained, specialized workers and managers, but it doesn’t do away with service jobs, which will remain more numerous than knowledge-intensive jobs.
This leads to a sobering conclusion: Just producing more highly educated workers does not create a demand for those workers’ skills…
Those who understand its post-capitalist rules will prosper
Thursday, April 4, 2013, 12:47 PM
In 1993, management guru Peter Drucker published a short book entitled Post-Capitalist Society. Despite the fact that the Internet was still in its pre-browser infancy, Drucker identified the developed-world economies as knowledge-based – as opposed to from industrial economies, which were were from the agrarian societies they superseded.
Drucker used the term post-capitalist not to suggest the emergence of a new “ism” beyond the free market, but to describe a new economic order that was no longer defined by the adversarial classes of labor and the owners of capital. Now that knowledge has trumped financial capital and labor alike, the new classes are knowledge workers and service workers.
Daily PrepScreen Capture: youtu.be/QFUPRfBdroA
Test your survival knowledge
Thursday, October 11, 2012, 12:09 AM
Take the survival quiz and see how well you do. You might learn about some knowledge and skills weaknesses and where you are doing okay.