Titled "Sustained Innovation through Shared Capitalism and Democratic Governance," the paper covers the value of concepts like shared capitalism, democratic governance, organizational structure and STEM education in global development
Submitted by: CSRwire
Posted: Aug 13, 2013 – 11:00 AM EST
SPRINGFIELD, Mass., Aug. 13 /CSRwire/ - The Foundation for Enterprise Development (FED) has recently published a paper titled, "Sustained Innovation through Shared Capitalism and Democratic Governance," in the eminent Journal of the British Interplanetary Society.
The paper, co-authored by the FED and its collaborators – CSRwire CEO Joe Sibilia; Joseph Blasi, Professor, School of Management and Labor Relations, Rutgers University; and Thomas Zurbuchen, Associate Dean for Entrepreneurial Programs at University of Michigan – explores the roots of representative structures and how these lend to innovation.
Necessary Elements for Global Development
Among the paper's explorations: the role of research, innovation, organizational structures and associated issues in addressing the long-term focus required for development—both material and human.
With technology rapidly evolving and offering new ways to innovate, collaborate and solve global challenges, the writers answer key questions like:
Highlighting the inventions of computer hardware, software and internet-related innovations for their global impact because of the organizations' democratic process, the authors emphasize that long term development will suffer if not aligned with a democratic approach within business organizations:
"The book, In the Company of Owners, recounts in detail how broad ownership by the technical and other staff played a key role in the development of these three industries. Intel and Microsoft are central to this story. Google, which combined various hardware and software platforms, carries this approach forward as well."
From Value Based Solutions to Responsible Capital Deployment
While the core of the Starship entity itself remains unclear – and may likely emerge as a hybrid containing a non-profit entity that “owns” a number of “for profit” entities – the authors cite several key organizational elements necessary for any business looking to participate in global development:
And important glue elements like:
"It is unlikely that a single ownership type would be sufficient for the kinds of investments needed to map the range of capital requirements, risk and returns, and commercialization durations. Fundamental to shared capitalism principles is that ownership is broad and linked to contribution and interests, rather than narrowly distributed to only top-level executives or investors."
Also discussed in the paper:
The conclusions drawn from the articulately written Sustained Innovation through Shared Capitalism and Democratic Governance speak loudly and clearly to placing a high priority on education, research, arts, business and society. As the authors succinctly sum it up:
"Is there such a thing as a single optimal organizational design for long-term innovation? Not likely, but what can be said is that top-down management, exclusiveness, narrowness of mission and short-term profiteering mechanisms would severely limit the potential for a long-distance space program to succeed in a dynamic, global environment."
The same could not be any less true for our journey toward a more sustainable existence. Or as Sibilia puts it, "Planet Earth is the spaceship we are traveling on through the universe – its sustainability is up to us."
Download a copy here.
About the 100 Year Starship
The FED is a non-profit foundation dedicated to exploring the application of democratic representative governance models for long-term interdisciplinary research and interstellar travel in the 100-year timeframe – as outlined by the 100 Year Starship™.
For more than 25 years, the FED has advanced entrepreneurship, innovation and broad-based ownership models through research, education and consulting services to executive, managers, non-profits, universities and government. With this paper, the FED reaches out to experts in investments, research and development and education to share a philosophical approach, which can serve as a foundation for design and operational elements of the 100 Year Starship™.
The Defense Advanced Project Agency (DARPA) with the National Aeronautics and Space Administration’s (NASA) Ames Research Center as their contracting arm has expressed another grand challenge—long distance manned space travel. Their challenges include committing ourselves to spending the next century tackling the key technological, socio-political and economic problems to develop a viable and sustainable non-governmental organization for persistent, long-term, private-sector investment into the myriad of disciplines needed to make long-distance space travel viable . In short, they are seeding a 100 Year Starship™.
About the Authors
Sustained Innovation through Shared Capitalism and Democratic Governance by Mary Ann Beyster1, Joseph Blasi2, Joe Sibilia3, Thomas Zurbuchen4 and Anu Bowman1
For more from this organization:CSRwire