The environment we are functioning in is very up and down with the down becoming more consistent. One minute a rebound is on the horizon and with the next minute momentum is gone and fear talk emerges. This seesaw effect of predictions mixed with emotions creates a negative state of confusion that discourages any hope for productive recovery. The experts explain their opinions on what is currently occurring and what they anticipate to transpire in the future, which all blurs together into endless uncertainty. This in turn makes it nearly impossible for a chance of recovery to take place because both consumers and producers are fearful of the unknown environment that awaits them.
In order to combat this misery and operate along the right path again we must begin to re-shift our focus and thought process towards regaining our competitive edge. The decades of U.S. dominance in the world’s economy has seemed to soften our hunger to achieve greatness through the pursuit of hard work. Taking shortcuts and creating inflated-unreal products in the marketplace is what has brought us to our knees and now has us crawling towards any sheltering relief. The effort it will take to regain control will be massive and possibly painful but must be administered in order to stabilize our current conditions and woes. The process will require that we challenge our leaders to actually lead and challenge our citizens to work hard and become highly competitive amongst the global workforce. Currently we are in survival mode and if overwhelming panic sets in it will erode any confidence believed in our ability to emerge from the current downfall and strongly rebound towards sustainability and prosperity.
The key to our reemergence as the model nation of the world is innovation. What exactly is innovation though and how is it to be achieved? Innovation is the process of making old systems, products, services new and better in order to perform more efficiently and provide quality growth. Innovation helps strengthen the competitive edge we are in dire need of and enables us to set the standards which the world views as the highest quality. If you look at the great minds within Silicon Valley, they are continuously innovating our technological products and services for better consumer experience. This continuous innovation keeps us anticipating the latest developments and makes us attentive to how our personal gadgets can be better altered for more enjoyable use. While Silicon Valley is a powerful innovative environment, it does not provide the resounding boost that is needed to spur collective economic, market and job growth within our nation. In order to experience growth in a substantial manner, we must redesign our entire system and create value in our produced output.
The difficult task we have at hand is to overhaul the entire system which we operate and live within. From education, to jobs, to personal mindsets; we must think and act according to what we envision as our mandated standard of living. Many people are praying and protesting for massive job creation and increased wages in order to secure a comfortable living but what is actually being done on all sides to ensure these wishes become a reality. Everyone has to be responsible for their own actions and not look to the government as a bailout source and the government and influential leaders have to responsible and respectful of their positions of power in order to provide clear guidance as to how we overcome this miserable situation.
It is very complicated and strenuous to untangle and reconfigure the deeply connected webs our economy functions within, which makes it difficult for this prolonged climate to change. The innovation process will not be instant and will require many years in order to begin to realize its effects. Multiple steps must be taken and aligned together strategically in order to ensure the necessary changes transition smoothly into an efficiently operating system. This process will require that we all are on one accord as to the vision that will propel our nation forward.
Look forward to my continued analysis of the innovation process and how it will help to lead our nation and the world towards brighter days.
Posted on September 6, 2011, in Economy, Leadership and tagged America, Analyze, Challenges, competitive edge, Complexity, Economic development, Economy, Entrepreneurship, Future, Inconsistent, Innovation, Leadership, Opportunity, Productivity, recovery, resourceful, Small Business, Survival. Bookmark the permalink. Leave a Comment.