Buying intellectual capital
Many organizations achieve growth in many different ways. The ones that do not grow eventually go out of business, fade into irrelevance, or slowly bleed to death.
n an aggressive market, growth is often achieved by LBOs, mergers and acquisitions and hostile takeovers. However, history has been less than kind to these kinds of strategies.
When HP bought Compaq in the early 90s, we did not see any real innovation emanate from that purchase. They did however incorporate the Proliant server line in the HP product line. We did see some whistle blowing however indicative of greater problems. Innovation.
The problem with LBOs and other similar strategies is that unless companies are buying intellectual capital along with the underlying technology, there is no guarantee they won’t be left holding the proverbial empty bag.
One company that has at their core innovation in purchasing, is Cisco.
When Cisco buys a company, they also bring some of the minds that created the technology as well. A lesson that many companies would do well to emulate. This is not to say that Cisco has not made some purchasing faux pas as well.
The companies that have been at the forefront of market sustainability are few. The first one that comes to mind is Apple Computer. As arrogant as they appear to some industry pundits, Apple is, at its core, an innovative giant. Steve Jobs may be the frontman and the face of Apple Computer, but make no mistake, there are incredible creative minds wandering the halls of Apple Computer in Cupertino. I know. I was there.
Source: Mark Hernandez - Writings
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"PhRMA does plenty of that, budgeting $5 million for a bipartisan battalion of some of the biggest lobbying talent around. But the modern lobbying arsenal also features a host of hall-of-mirrors techniques by which special interests amplify their arguments through seemingly unconnected third parties. PhRMA plans to spend $1 million for an "intellectual echo chamber of economists -- a standing ne... and articles by third parties" and at least $2 million for outside research and policy groups "to build intellectual capital and generate a higher volume of messages from credible sources" backing industry positions. Overall, the group will devote $12.3 million to "alliance development," forging bonds with -- some might say buying off -- economists, doctors, patients and minority groups."
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George Monbiot, the leading environmental activist and writer, has been involved in many global campaigns of resistance to corporate and state power. But what positive social and political vision animates his work? Where does it contrast with that of globalisations advocates like Maria Cat...firstname.lastname@example.org
Copyright © openDemocracy, 2001. Permission is granted to reproduce articles for personal and educational use only. Commercial copying, hiring and lending is prohibited without permission. If this has been sent to you by a friend and you like it, you are welcome to join the openDemocracy network.
This interview took place on 16 November, 2001, in Oxford, England.
But a participatory economy enjoys advantages in managing this trade off compared to capitalism. Most importantly, direct recognition of 'social serviceability' is a more powerful incentive to innovation in a participatory economy, which reduces the magnitude of the trade off since more innovation will occur in a participatory economy than in capitalism for the same speed of adjustments. Secondl... Economy. Forthcoming.
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