Tag Archives: knowledge

Value and Growth – W15.4

A century ago, Joseph Schumpeter posited the idea of creative destruction to describe the way in which economies grow. He suggested that creative entrepreneurs find new ways to make use of resources (human and material) to increase the value of … Continue reading

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Entropy – 6219-4

The notion of entropy comes to us from the second law of thermodynamics. This law states that every isolated system will tend towards a state of homogeneity or equilibrium. What this means is that a system, like an organization, has … Continue reading

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Embracing Complexity – 6219 Day Two

Scholars in many academic disciplines, especially those that claim to take a scientific approach and that hope to offer causal explanations for the various phenomena they study, suffer from a certain amount of physics envy. After all, who wouldn’t want … Continue reading

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