The Creative Destruction of Your Job

The Creative Destruction of Your Job

Sharing economy businesses such as Airbnb, Threadless, Über and iStockphoto, have taken advantage of crowdsourcing, crowdfunding, and crowdletting to reach thousands of people willing to offer their services and expertise at a much lower price than traditional experts. However, such a business model has put professionals out of work and replaced them with casual, one-off opportunities. Despite its advantages for consumers, the sharing economy poses challenges to those who depend on stable, high-paying jobs. Education and retraining are solutions to these challenges, which will enable individuals to adjust to new economies. Making education more affordable and accessible is the key to ensuring individuals are equipped with the right skills for today's economy.

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More Innovation Resources:

7 effective steps to securing a stakeholder buy-in

Effective stakeholder persuasion techniques can help change makers drive innovation in their organizations. Concrete data, analysis of opportunity cost, and controlled environment tests can make your pitch more convincing.

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Brand Strategy - Ideas Are Easy, Answers Are Hard, The Devil You Know Isn't Better

Corporate failures at J.C. Penney and Barnes & Noble have uncovered some important brand strategy lessons, including the fact that creating ideas is easy but achieving successful business answers is difficult.

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Breaking barriers: improving a hierarchical management structure

Fierce hierarchical management styles can hinder innovation because no individual has all the knowledge and skills needed. Creating a no-door policy, using anonymous idea generation platforms, identifying decision-makers per project, and developing trust and transparency are ways to improve company culture and encourage innovation.

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