Future Tense Rethinking productivity and the pushback to shareholder capitalism
Aug 20, 2023
Rethink productivity by focusing on outcomes instead of output. Benefit corporations prioritize social and environmental goals. Compulsory savings model to control inflation. Embrace stakeholder capitalism and solve global problems. Legal structures and certifications for benefit corporations. Shift from fiscal to monetary policy dominance in managing inflation.
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Rethinking Productivity Concepts
- Productivity as a concept originated with physical labor on production lines centuries ago.
- Modern knowledge work requires measuring outcomes, not just visible product output.
Output vs Outcome Distinction
- Output measures busyness and tasks done in the short term, while outcomes gauge the lasting impact on customers.
- Focusing on outcomes aligns work with real value rather than just feeling busy.
Busyness Harms Well-being
- Obsession with output drives busyness but can lead to burnout and mental health issues.
- Measuring impact and investing in right activities can counteract these negative effects.