Apr 30

by Miriam Garvi

How rare yet precious it is to find a moment of quietness in-between the pressures and expectations of everyday life.

Sun sets over Ätran, Falkenberg

I often find myself wondering where we find room for contemplation and reflection in our hectic everyday lives. It seems that on most arenas we find ourselves in motion, caught in the urge to move things forward. But do we know where we are heading and do we know where we really want to go?

There are so many messages out there pushing the fear buttons; fear of standing alone, fear of a tainted reputation, fear of loss of investors’ confidence, fear of saturating markets, fear of loss of competitiveness etc. Juggling all these pressures and expectations makes it very difficult not to lose track of what really matters, as we are thrust into the mainstream direction.

Once in awhile there is that rare but precious moment where we are sheltered from all the noise of what we ought to do and how things ought to be done. And in that sheltered moment we may rediscover the freedom of thinking anew. True progress can never be achieved unless we know the whys of where we are heading, unless we step back and contemplate the future.

Apr 27

“The leader sees work as part of a larger mission - make a better society for all (institution builder).”

- Georges F. Doriot

(find book here)

Apr 23

by Miriam Garvi

This week’s news have been dominated by the less flattering aspects of ethanol production and combustion.

Since the mass diffusion of the car, radical ideas on how to address everyday needs of transportation and mobility are rare to come by - despite undesirables such as traffic congestion and pollution. As ‘inconvenient truths’ fuel anti-global warming trends, biofuels are being promoted as the sound alternative for any citizen adhering to social responsibility.

Hong Kong traffic

But how can ethanol production be a sustainable solution when it is so inefficient that more energy has to be put into the process than what comes out of it? Or when agricultural land is reclaimed for biofuel production thus threatening to make large parts of the world’s poorer, rural population dependent on the World Food Program?

Is this the best we can do? Economic interests aside, when fear drives innovation we are walking backwards into the future. We find ourselves embracing solutions which are not sustainable in the wider perspective. And which upon careful scrutiny may reveal themselves to do as much harm as good - depending on whose interests and needs are in focus.

Vision pioneering is about taking radical steps towards improved fulfillment, driven by a vision of the purposeful rather than avoidance strategies. There can be no progressive thinking unless we shift focus from the products and technologies that we know to those invisible qualities we want to enjoy.

Apr 22

by Miriam Garvi

Sunset

I once read an article by professor Peter Pruzan where he makes this reflection:

“With the aid of our time’s alchemists - economists - money has been transmuted from a means to the end.”

Let me give you a little illustration of this point. As I was interviewing various people for my dissertation, I sat down with an investment manager at the Skandia Group, an international savings company. When asked what his team were all about, the answer was plain and simple; «We’re small and square - money for our pension beneficiaries, money for our pension beneficiaries, money for our pension beneficiaries…». Small and square? Now there’s an answer that’ll fit right into a business growth matrix or a market plan!

It is amazing how the ‘language of money’ narrows down possible options to one single end, namely maximizing profit - or to be more up-to-date these days, increasing shareholder value. This language makes no room for any reflections on whether +5% is the kind of fulfilment we’re looking for or if it is in fact merely a means for developing and sustaining what we are doing. If it is the latter, then the language of money is doing us the disservice of diverting focus away from the fundamental things in business and life alike, by reducing what we talk about and what we think counts to the measurable and simplistic.

A man with a vision once said: “Business is not about dollars and cents so much as about building for the future.” That future calls us to go beyond the measurable and simplistic and start thinking about the bigger picture.

Apr 20

Beach
“Profit is the metaphorical equivalent of the oxygen, food, and water that the body requires. They are not the point in life, but without them there is no life.”

- Mark Lipton

(find article here)

Apr 10

by Miriam Garvi

Earlier this week I was in Norway doing research for a book project I’ve been working on. Among the people I met was an elderly couple who had spent most of their working lives pioneering hospital care in the mountain areas of Taiwan.

 

Taiwanese mountains

 

They told me the story of how what is today a modern teaching hospital started with one man who took it upon himself to set up a small ‘treatment center’ of bamboo huts even though he had no other resources than his own drive and determination to do what was needed.

Today taking a professional stance often translates into arm’s length involvement. But then we forget something fundamental: one person’s dedication may be all it takes to set something in motion that can have a strong impact once it comes to fruition.

Apr 9

by Miriam Garvi

I recently came across this article in the Boston Globe (November 2007) entitled:

“Pursuit of meaningful work blurs the business, nonprofit culture gap”

And so I thought today that I would post this simple question:

Do you know what makes your work meaningful and fulfilling?

Apr 6

 

by Miriam Garvi

In our society, it seems as if the real winners are never those who take the first step. Most money is made by those deft enough to know exactly the right moment to move in and beat others at their own game. Business is for the survival of the fittest - those who have the stamina for playing the ‘gorilla game’.

But who defines winning? And who defines the prize? Chalking up a new sales record is an achievement, but then what? As shown by many a public company these days, it is no longer enough to be profitable - you need to keep exceeding expectations that are fueled by past successes. Expected growth is the curse of success.

It takes courage and conviction not to be drawn into this spiral. But if we are to see other qualities than short-term achievement we need visions that go beyond heeding to the loud demands and expectations of markets and institutions.

 

Apr 2

by Miriam Garvi

The other day I read about another initiative in alleviating world poverty. It seems that every new initiative these days involves the diffusion of some kind of golden recipe - as in ‘alleviating poverty through technology’ or technology saves the world. This time, the recipe was microfranchising: “The idea is to replicate sound business models and, consequently, to provide microentrepreneurs in developing countries with training and the necessary assistance for success.”

I could write about how such initiatives reek of a neo-colonialistic attitude where the Westerner knows how money is made and so our models of thinking are imposed on other populations without regard nor appreciation for their cultural settings. But today I will draw the parallel to what is happening in other areas of business life. In my study of venture capital, it became clear that a streamlining way-of-thinking is dominating business thinking today. By streamlining I mean these kinds of ready-made formulas, of ‘best practice’, of ‘business recipes for success’, of ’success factors’ - whatever we choose to call them - which are imposed on new ideas, snuffing the flame. As I wrote in the final pages of my dissertation, “it would be a loss indeed if venture capital [or micro finance for that matter or any other service aimed at promoting new initiatives] would mean the death of visions and ideas that can change our conception of the system. Without them, there would be little new to refine and we might never come to enjoy what we have yet to discover.”

It is time we start thinking about the implications of snuffing out the visionary flame with pre-made, easy-to-replicate business models that are designed with one thing in mind: namely how to streamline a business concept so as to maximize its perceived value on a financial market.