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'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down

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Jensen Huang made his $172 billion fortune on AI chips. His family's $75 million gift to Vanderbilt argues art decides what technology is for

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The millennial generation is split in 2: an older crowd with boomer-style comfort, a younger set going 'back to the early 1900s'

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'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down

2

Jensen Huang made his $172 billion fortune on AI chips. His family's $75 million gift to Vanderbilt argues art decides what technology is for

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The millennial generation is split in 2: an older crowd with boomer-style comfort, a younger set going 'back to the early 1900s'
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Taking the social media plunge: Learning to let go

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November 16, 2010, 11:25 AM ET
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By Andrew McAfee, contributor

(Management Innovation eXchange) — Manonamission.blogspot.com has a great collection of corporate mission statements. I recently used its search function to find examples of companies that prominently and publicly state something close to “people are our most important asset.”

Here’s a partial list: Nestlé, Procter & Gamble (PG), Land O’ Lakes, Danaher (DHR), Archer Daniels Midland (ADM), Valero (VLO), Performance Food Group, Norfolk Southern (NSC), and Border’s Group (BGP).

And here’s a group of companies that similarly value “empowerment:” Caremark (CVS), Sara Lee (SLE), Heinz (HNZ), Dow Chemical (DOW), GE (GE), and Alcoa (AA).

I don’t mean to pick on these companies; they’re just particularly clear examples of how all organizations talk about their people. I’ve never come across a modern enterprise that publicly states anything like “We want our people to put their heads down and do only the jobs that have been assigned to them. We want their thinking to stay ‘inside the box.’ When we want their opinions, we’ll ask for them. Our machines and business processes are our most important assets; our people just keep them running.” Instead, virtually all organizations stress the empowerment of their people.

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