McKinsey & Company recently shared a thought provoking video highlighting the intersection of digitization and public policy. Those interested in disruption and the potentially steadying force of Conscious Capitalism will enjoy the questions raised by Andrew McAfee, of MIT, and James Manyika, of McKinsey’s San Francisco office.
They had my attention at “What we do about the fact that technology is racing ahead but leaving some people, potentially a lot of them, behind is one of the great challenges for our generation”. Indeed.
Suggested responses to these forces are often rather simple. McAfee and Manyika, in contrast, offer nuance and actionable recommendations:
- On the importance of looking for answers beyond economic growth: “Over the longer term, we can’t rely exclusively on economic growth alone to solve all of our employment problems”
- On the need for reinvented educational paradigms: “There’s a big gap between what most economies need and what the educational training systems create to meet those needs”
- On the open-sourcing imperative: “Thinking that all the expertise that you need is in-house or that you know where to go to get help for the big challenge that you’re working on—that’s a really dangerous assumption.”
- On how organizations can embrace experiments: “Do an experiment, set up a test. It is not terribly expensive these days to engage in open innovation, to use some of these platforms to post a challenge, post a data-science challenge, post an innovation challenge. Watch what happens as a result.”
How is your organization responding to these disruptive forces?
