Word: chasms
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...when it came to repealing the 35-hour week altogether, Raffarin demurred. "We can't do everything the first year," explains Raffarin aide Jean-François Cirelli. He acknowledges that the government's public-pension reform won't go even halfway to bridging the estimated j43 billion funding chasm that will open between now and 2020. Now, though, both private and public employees will have to work longer to get a full pension, and "it will be an easy matter to raise the contributions down the line if we have to," he says. That still leaves him hoping unemployment...
...disruptive capitalism,” because we have changed more than the companies we depend on as consumers and employees. Today, we have all become history’s shock absorbers, struggling to reconcile our new needs with the demands of an exhausted business model. A chasm has developed between organizations and us. It is filled with our stress, outrage and frustration. Anxiety is widespread and most people feel that they are being forced to fight over an ever-shrinking pie. How did we get here...
...side of this chasm are companies stuck in an inwardly-focused business logic that emphasizes concentration, command/control, cost and efficiency. It was invented a century ago to mass manufacture goods for mass consumers with very different needs from people today. This approach, known as “managerial capitalism,” was enormously successful for decades, raising the standard of living for many. But its very success produced a new “society of individuals,” people like you and me who experience themselves as unique actors and not as passive members of a mass audience...
These survey results are ugly. They express the chasm between people and organizations. But the corporate response has been typical of institutions in crisis—they tend to produce the same old behaviors, only with more ferocity. Companies cut costs and lay people off and make consumers...
...book of many chapters. It has been successful in the past because it is immensely plastic and robust. Capitalism lends itself to reinvention every century or so through realignment with the new demands of new populations. In this way, the unmet needs that mark today’s chasm of rage and frustration can become the next great source of wealth creation. They represent wholly unrealized economic value capable of fueling economic growth for decades to come...