Innovating Our Way to the Next Industrial Revolution

Innovating Our Way to the Next Industrial Revolution

In many ways, the industrial age has been an era of harvesting natural and social capital in order to create financial and productive capital. So far, the New Economy looks more like the next wave of the industrial era than a truly post industrial one. Why should care? Because, say the authors, the...

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Bibliographic Details
Published in:MIT Sloan management review Vol. 42; no. 2; p. 24
Main Authors: Senge, Peter M, Carstedt, Goran
Format: Journal Article
Language:English
Published: Cambridge MIT Sloan Management Review 22-12-2001
Massachusetts Institute of Technology, Cambridge, MA
Subjects:
Analysis
Business
Business models
Business planning
Business plans
Climate change
Environmental protection
Globalization
Industrial development
Industrial policy
Industrial Revolution
Innovations
Natural resources
Planning
Productivity
Recycling
Social capital
Society
Strategic planning
Sustainability
Sustainable development
Technological change
Trends
United States
United States
United States > US
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Summary:In many ways, the industrial age has been an era of harvesting natural and social capital in order to create financial and productive capital. So far, the New Economy looks more like the next wave of the industrial era than a truly post industrial one. Why should care? Because, say the authors, the basic development patterns of the industrial era are not sustainable. In the face of this challenge, organizational-learning expert Peter Senge and Volvo and IKEA senior executive Goran Carstedt hail the emergence of a new environmentalism driven by innovation, not regulation - radical new technologies, products, processes and business models. They describe how more and more companies are recognizing the business opportunities that a focus on sustainability creates.
ISSN:1532-9194