Monday 8 April 2013

The Industrial Economy vs The Connection Economy

As we transition away from the industrial growth economy, many people will be compelled to reconnect with who they are as well as their relationship with others and the environment. For this reason, in this post I look to explore the difference between what makes the industrial growth economy tick, and what defines the connection economy.

The Industrial Growth Economy:

  • Main driver is profitability and satisfying shareholder value
  • Scarcity-based
  • Communication is functional and business oriented
  • Systems are in place to implement top-down control
  • Focus is on the end product or the result
  • Resistance is something to ignore, hide from or push back against
  • Responsibility can always be palmed off to a boss, co-worker, or the system itself
  • It's fear and compliance based
  • It tries to mitigate risk every step of the way
  • Focus is primarily on productivity and mass market acceptance

The Connection Economy

  • Focus is on creativity, design, innovation and art
  • Abundance-based
  • Communication is either authentic or enlightened
  • Requires building greater levels of trust
  • Joy lies in the act of creation itself
  • Failure is part of the process
  • Resistance is something to be embraced
  • Ideas evolve through trial and error
  • Responsibility is taken for thoughts, actions and behavior
  • Greater commitment to vision and purpose
  • Requires open, expansive thinking and the ability to question the status quo


These are just pointers from my own experience, can you think of any others that are relevant to either the industrial growth economy or the connection economy?






No comments:

Post a Comment