Discussion Piece - Is Friedmanism still alive and well?
Our discussion piece last week explored agility in the 1950s before large consultancies began to disrupt middle management and the middle class of the United States.
In response to the discussion, Rob England from Teal Unicorn shared a very informative post called "New Ways of Thinking." The post is very in-depth and well documented but basically discusses how Friemanism changed the way the world thought about business in the 1970s and moving forward. In summary, this thinking proposed that the only thing important to businesses is bottom line profits. According to Rob's article, this thinking has been under attack, with some gaps, since WW2.
We know that diversity, equity, and inclusion are becoming more and more prevalent. The DigOps model is built to create inclusive environments. At Powers, we understand that the digital era has created a more complex environment and people.
The DigOps model helps organizations identify the desired people, customer, and societal results that will lead to business results. This is one way we create Market Leaders.
What say you? Do you think Capitalism has gone astray? Do people, customers, and societal results really matter to organizations? Should companies be driven by pure profits?