Archive for March 28th, 2007

From Don Boudreaux’s Cafe Hayek blog:

“There are two kinds of people in the world. Members of the first group think of jobs as being rather like boxes, each of which has a monetary figure on it as well as a set of levers inside. A job-holder occupies a box, yanks on the box’s levers, and in return receives pay in the amount of the prescribed monetary figure. Lucky workers are those who land in boxes paying big money and whose levers are easy to manipulate; unlucky workers are those who find themselves in boxes paying little money and whose levers are difficult to manipulate.”

“The second group of people in the world understands that real jobs are a matter of creating value for buyers. The greater the amount of value I create for others, the better — or, at least, the higher-paying — is my job. In markets, your job isn’t a box that you get assigned to; your job is an opportunity to perform, to help improve the lives of others and, in return, to persuade these others to help you improve your life.

“And one of the most important of these performances is corporate management — the ability to coordinate large amounts of resources, time, and workers in ways that create large amounts of value for others and that makes it easier for those of us with less vision and administrative ability to find jobs that maximize the value that each of us, individually, creates for others.”

I still run into way too many senior execs who run their organizations like piles of boxes. Every time I do, I don’t know… it just makes me cringe. I get turned off. I wonder how much longer the companies they manage will continue to be profitable.

Perhaps more to the point, I wonder how much more profitable they would be if they shed their old ways and made the jump to the second group. If they championed the recruiting and mentoring of T-shaped talent and favored operational flexibility over the limitations of rigid job hierarchies.

I guess that when you belong to the first group and are one of the lucky ones (big money/easy levers), there isn’t much of an incentive for you to rock the boat and be an agent of change.

Like Don said, there are two types of people in this world.

You’re either one or the other. The question is, which one are you?

Have a great Wednesday. 🙂

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So today was Day #1 of the 2007 Innoventure conference in sunny Greenville, SC. One of the central purposes of the conference is to bring innovative talent, research labs, and venture capital together in one place. (So yeah, there’s some magic going on in Greenville around this time each year.) I didn’t get a chance to attend Innoventure last year, so I wanted to make sure to check it out this time around.

And as a bonus, organizer, mastermind and business development superstar John “Swamp Fox” Warner announced today that Innoventure is going on a world tour.

Okay… maybe not exactly a world tour yet… but the conference will be expanding to North Carolina and Georgia next year, which is pretty exciting.

You may not think of this part of the country as being a cradle of innovation… but it is quickly becoming just that. We have the universities, we have the industries, we have the academics, we have the banks, and we certainly have the talent.

Here are some photos from Day #1:

above: the ever popular Innovention Cafe

above: Communities of innovation

above: CIO Roundtable

above: SCIN Capital forum

Day 1 was a great start. I’m looking forward to Day #2.

Oh… and one last little photo: (Sorry, Evan. I couldn’t resist…)

Have a great Wednesday, everyone. 🙂

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