I was so glad to see PWC as prominent Knowledge Provider and Sponsor to the organizers of #AFF 2017 address the principles of Qualitative Growth in featured info-graphics so straight! Because there wouldn’t be any economic progress if there were not enough people who contribute their skills and capacities to it. And there can’t be any long term growth, unless Human Capital Stock continued to upgrade capabilities. But why should they do so, if they were withheld from bettering their living environment? What happens, when progress of people’s abilities is not used anymore by economy we see in recent upheaval of anger?
More of the same as long as one can, leads to exploitations and Human Capital Development stagnation resulting in people getting expelled at the next downturn with fallen behind capabilities. Economies not serving its people to their better become more vulnerable and subject to stagnation, resulting in real income losses for the majority of population. High noon for populists holding out to reinstate “Better Old Times” long gone and inappropriate to innervate making up leeway in Human Capital Development. So far all protectionist rebounds were to the medium term disadvantage of the protect-worthy making their conditions precedent even worse.
Global economies would need to build reciprocal trust in their societies starting from continuous improvements of people’s capabilities most likely to be needed in the foreseeable future for a regionally required mix of skills! In my special materials solution enterprise we focused on matching skill development and search of markets in need via feedback loops, including our existing customers to the extent of their preparedness to participate. This resulted in ever higher customer value adding technological achievements and increasing market shares of our solutions either by higher penetration of existing customers or new customers counting on us. I called this exploratory approach the qualitative growth model, versus the quantitative growth delivered by more of the same exploitations. But in reality that has been being the architecture of so called Hidden Champions. It grew from private entrepreneur’s aspiration for stability in constantly changing business environments and primarily concentrated on certain probabilities instead of limiting discussions on uncertainties, usually just being short term threats.
Technology and Globalization may often be seen causes of today’s problems. But that actually is only true in lack of appropriate accompanying measures. Handling the Human Capital building the two daemons can also become the potential cures and mitigate future problems, provided decision makers take long term responsibilities even if they had to go beyond their term in office. Often the reinventing of core remains limited to tokenistic incremental facelifts of perpetuated more of the same business models by stakeholders dominating a current eco-system by driving politicians in front of their interests at the expenses of societies. Carbotopia™ although being received as a necessity for achieving COP21 Climate Protection Accord Objectives by eradicating poverty through new high value adding job creations from all the Recyclable Carbon being squandered today, the Petrol-, Cement- and Subsidies based Carbon Abatement Industries (burning biomass, waste or adding Carbon Capture for dubious Sequestration) just do not want Carbotopia™ to change their games. Consumers unfortunately just look on helplessly to the extent of even lacking interest to conclude that CO2 stems from Carbon!
Advanced average age demographic economies’ status of lost sensibility may unfold less adoptive capacities of their societies for productive growth from disruption than bonus demography populations will.