Talks On The Future Of The Economy And Technology

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Yves Morieux: As work gets more complex, 6 rules to simplify

Yves Morieux thinks deeply about what makes organizations work effectively. A senior partner in BCG’s Washington D.C. office and director of the BCG Institute for Organization, Morieux considers how overarching changes in structure can improve motivation for all who work there. His calls his approach “Smart Simplicity.” Using six key rules, it encourages employees to cooperate in order to solve long-term problems. It isn’t just about reducing costs and increasing profit — it’s about maximizing engagement through all levels of a company.

  • The way we organize is based on two pillars.The hard — structure, processes, systems. The soft — feelings, sentiments, interpersonal relationships, traits, personality. And whenever a company reorganizes, restructures, reengineers, goes through a cultural transformation program, it chooses these two pillars. Except this process is obsolete
  • Whenever people cooperate, they use less resources. In everything. You know, the repairability issue is a cooperation problem. When we don’t cooperate we need more time,more equipment, more systems, more teams.
  • Understand what others do. What is their real work? We need to go beyond the boxes, the job descriptions, beyond the surface of the container, to understand the real content.
  • Reenforce integrators. Integrators are not middle offices, they are managers, existing managers that you reinforce so that they have power and interest to make others cooperate.

 

Paul Tudor Jones II: Why We Need To Rethink Capitalism

Paul Tudor Jones II started to work on Wall Street in 1976. Jones emerged victorious, and as founder of Tudor Investment Corporation and other companies within the Tudor Group, he engages in trading in the fixed income, equity, currency and commodity markets. Headquartered in Greenwich, Connecticut, Tudor manages some $13.7 billion and employs almost 400 people.

  • Over the past 50 years, we as a society have come to view our companies and corporations in a very narrow, almost monomaniacal fashion with regard to how we value them, and we have put so much emphasis on profits, on short-term quarterly earnings and share prices, at the exclusion of all else.
  • Now, higher profit margins do not increase societal wealth. What they actually do is they exacerbate income inequality.
  • The gap between the wealthiest and the poorest, it will get closed. History always does it. It typically happens in one of three ways: either through revolution, higher taxes, or wars. This can also be accomplished through increased justness in corporate behavior.

 

Joy Sun: Should you donate differently?

TED Fellow Joy Sun helped to launch a rare type of charity. GiveDirectly lets donors transfer money directly into the hands of impoverished people — empowering them to set their own goals and priorities. The idea of using mobile technology to put cash directly into the hands of the poorest people on earth doesn’t sound crazy to veteran aid worker Joy Sun — it sounds deeply satisfying. In this talk, she talks about what happens when we use technology to give cash instead of services to the poor.

  • Unconditional cash transfer, and it’s exactly that: It’s cash given with no strings attached. With more evidence and new technology this process is possible to make this a model for delivering aid.
  • Dozens of studies show across the board that people use cash transfers to improve their own lives. Pregnant women in Uruguay buy better food and give birth to healthier babies. Sri Lankan men invest in their businesses. People invested in a range of assets, from livestock to equipment to home improvements, and they saw increases in income from business and farming one year after the cash was sent.
  • For every 100 dollars worth of assets and indian program gave someone, they spent another 99 dollars to do it. Instead, we are looking to use technology to put cash,whether from aid agencies or from any one of us directly into a poor person’s hands.

 

Danit Peleg: Forget shopping. Soon you’ll download your new clothes

Danit Peleg has always been interested in the influence of technology on fashion design. For her projects, she develops her own textiles and experiments with various technologies such as laser cutting, screen-printing and 3D printing. Peleg believes that technology will help democratize fashion and give designers more independence in the creation process.

  • With 3D printing, the designers had so much freedom to make the dresses look exactly like they wanted, but still, they were very dependent on big and expensive industrial printers that were located in a lab far from their studio.
  • Filaflex, which is a new kind of filament, changed they way clothes are able to be printed,. It’s strong, yet very flexible.