This is a paper about two types of innovations in techniques.
One (i) addresses innovations in management thinking and tools see Fredmund Malik: malik-management.com and
the other (ii) re-engineers and disrupts some basic paradigms of classic "Business Administration" and opens new dimensions for sustainable decision making in smart economies and nations. Learn more at "The Business Engineering Systems"
Peter Drucker, the most prominent thinker and writer about management mentioned 20 years ago that innovations in management thinking is not enough.
It needs a new economic theory too.
The foundation of the classic "Business Administration" was made about 250 years ago for a steam age economy and a society with slaves, burning witches and an average life expectancy of 35 years.
It's appreciated that economists reached some progress in their silos and that they are still digging deeper. But they still are trapped in their old paradigms. Without integral approach decision makers are still missing the relevant framework, metrics and indicators to develop a sustainable and smart economy and society.
It's now urgent to redesign economic theory from scratch. And that's our approach. It starts with the paradigm that the human potential and needs are at the heart of all decision making.
And that the best solution is the combination of the new economic model with an adequate management model. Including a metric system for subjective values and intangible assets.
Below you find some visualizations about simultaneous inventions in management and economic thinking. It allows to overcome complex decision making in smart economy and society.
You may download the Powerpoint pptx here or the Adobe pdf here.