How America Lost Its Mojo

Steve Denning shares some interesting thoughts on why America has lost its ability to compete. Mr. Denning says it has nothing to do with government, talent, innovation, or globalization – rather he argues the problem is with business schools that are churning out leaders only focused on the bottom line:

In other words, “we have discovered the problem and it is us.” Thus behind the problem of competitiveness lies a concept of management based on short term profits and the stock price that these business leaders learned when they were MBA students at Harvard and elsewhere.

What does he recommend? A paradigm shift:

shift from controlling individuals to self-organizing teams;
shift from coordinating work by hierarchical bureaucracy to dynamic linking;
shift from a preoccupation with economic value to an embrace of values that will grow the firm; and
shift from top-down communications to horizontal conversations.