Joe’s Journal: Live from TEDx

Posted on Jun 13, 2011 | 2 Comments

Today we bring you a special edition of “Joe’s Journal,” featuring a talk that Joe Maciariello, the Drucker Institute’s academic and research director, delivered at the inaugural TEDxOrangeCoast event, “Innovation Without Borders,” on May 19 in Costa Mesa, Calif.

“The empirical evidence is in,” Maciariello declares. “America is the greatest innovative machine in the world . . . The question, then, is why are we in such desperate straits? Why are we are carrying a $14 trillion deficit? Why are people putting us in the category of Greece?”

The answer, Maciarello suggests, is that while we’ve mastered innovation, we’ve neglected virtue. “I’ve concluded that it takes both virtue and productive innovation to shelter the fruits of innovation for future generations,” Maciarello says, drawing on lessons from Peter Drucker, cardiac-pacemaker inventor Wilson Greatbatch, former Citicorp Chairman Walter Wriston, French political thinker Alexis de Tocqueville and others.

 

Watch the video, and tell us: Do you agree with Maciariello? Is restoring America’s goodness the key to restoring its greatness?

2 Comments

  1. Joe’s Journal: Innovation Without Borders
    June 18, 2011

    [...] To share your own thoughts, please click here. [...]

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  2. Brian Turner
    June 24, 2011

    I just want to tell whoever I can that there are still some companies coming together for a reason higher than just profits. And that some business leaders think it’s important to incorporate the needs of society into the thinking of every level of management and leadership of the company. So it extends to every employee and every customer. I founded Blue Collar Property Solutions, Inc. as an efficient and effective way to solve our national housing problem. I teach our team members and our customers that only healthy communities make healthy real estate markets. I’ve been a real estate broker in Chicago for 13 years and I realize how we took our eye of the ball as an industry right along with the banking industry. Now we’ve innovated the systems of property management and maintenance and fuse it with technology to give banks and asset managers an option for holding property that won’t destroy the whole neighborhood when another property is taken in. We are Chicago based and ready to take on 1000 units to test our system. If we successfully handle the transition, we should be able to ramp up within months to take on any volume presented to us on our way to having a 10% market share of investment properties in the city under agreement.We use technology but we are creating jobs with it. We expect to create about 4700 jobs in Chicago alone by 2016. From there we are planning to expand our business model across the country creating jobs along the way. We hire from the inner city as well as outside of it and train everyone the same, with the teachings of Peter Drucker at the core. The jobs are meant to improve the lives of those that work with us to improve our communities by paying a wage they can live and grow a family on. There are many chances for advancement and even the CEO is from the inner city and already keeping an eye open for his eventual successor even in the start up stage. All Peter Druckers teachings weren’t lost and the most recent downturn woke me up and reminded me of what’s important. I’ll let you know how we do at improving our communities.

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