America No Longer Innovative Driven

By: Gordon Long | Mon, Jun 3, 2013
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With Charles Hugh Smith & Gordon T Long

29 Minutes, 25 Slides

America: Innovate or Die

The Post-Capitalist Society, as outlined by the renowned Management consultant Peter Drucker, was about the transition from an era of capital constraints to that of a Knowledge Society. A society where Innovation would become the driver of economic success.

This should be the age of a new American renaissance, as few have ever come close to matching the USA for innovation in almost any field of endeavor. Something however went wrong and the US is no longer the innovator it once was.

What happened?

The short answer is a failing education model, inadequate skill levels, personal debt levels and misguided career expectations. These issues and more are discussed in the context of the globally changing Nature of Work.

Time Spiral Graphic

With "Time" as the new competitive dimension, the business mandate is now:

  • RAPID Innovation and Product Development,
  • Shorter Product Life Cycles,
  • Accepted heightened Product Life Cycle RISK,
  • Immediate Access to New and Changing Skills to Innovate

It means that the new organization models, such as the "Microsoft" and "Neural" Models, are now in play but as in other areas, America is quickly falling behind. The irony is that the Innovation for these models was incubated in the US but changing cultural values, government dependency and pervasive personal debt levels has left America unable to capitalize.

American corporations frustratingly find themselves unable to hire the qualified people they need to rapidly innovate at home. Meanwhile, an obsolete American public education system is focused on other priorities.

Employee

The reality is that:

Innovation Means

  • WILLINGNESS to Take RISK,
  • The Financial ABILITY to Survive Failure
  • The Willingness to Sustain a LOW STANDARD OF LIVING while taking the RISK

With 25 charts Charles Hugh Smith and Gordon T Long discuss the changing fabric of work today and show how few Americans are any longer willing, capable or sufficiently skilled to do the"heavy lifting" DEMANDED for globally competitive innovation.

As in the Roman Empire the public is more interested in public sports spectacles and leisure pursuits, preferring to leave the 'work' to others.


Video: America No Longer Innovative Driven


29 Minutes, 25 Slides

 


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Gordon Long

Author: Gordon Long

Gordon T. Long
Publisher - LONGWave

Gordon T. Long

Gordon T. Long has been publically offering his financial and economic writing since 2010, following a career internationally in technology, senior management & investment finance. He brings a unique perspective to macroeconomic analysis because of his broad background, which is not typically found or available to the public.

Mr. Long was a senior group executive with IBM and Motorola for over 20 years. Earlier in his career he was involved in Sales, Marketing & Service of computing and network communications solutions across an extensive array of industries. He subsequently held senior positions, which included: VP & General Manager, Four Phase (Canada); Vice President Operations, Motorola (MISL - Canada); Vice President Engineering & Officer, Motorola (Codex - USA).

After a career with Fortune 500 corporations, he became a senior officer of Cambex, a highly successful high tech start-up and public company (Nasdaq: CBEX), where he spearheaded global expansion as Executive VP & General Manager.

In 1995, he founded the LCM Groupe in Paris, France to specialize in the rapidly emerging Internet Venture Capital and Private Equity industry. A focus in the technology research field of Chaos Theory and Mandelbrot Generators lead in the early 2000's to the development of advanced Technical Analysis and Market Analytics platforms. The LCM Groupe is a recognized source for the most advanced technical analysis techniques employed in market trading pattern recognition.

Mr. Long presently resides in Boston, Massachusetts, continuing the expansion of the LCM Groupe's International Private Equity opportunities in addition to their core financial market trading platforms expertise. GordonTLong.com is a wholly owned operating unit of the LCM Groupe.

Gordon T. Long is a graduate Engineer, University of Waterloo (Canada) in Thermodynamics-Fluid Mechanics (Aerodynamics). On graduation from an intensive 5 year specialized Co-operative Engineering program he pursued graduate business studies at the prestigious Ivy Business School, University of Western Ontario (Canada) on a Northern & Central Gas Corporation Scholarship. He was subsequently selected to attend advanced one year training with the IBM Corporation in New York prior to starting his career with IBM.

Gordon T Long is not a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. Of course, he recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and barring that, we encourage you confirm the facts on your own before making important investment commitments.

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