New Economics
The old models of economics are breaking down and proving not as relevant in the current political and technological times, and new economic models are coming to the forefront.
Key Considerations
- Old Economic Models are usually linear in nature, extractive and only focussed on a single success measure – e.g. revenue, or post tax profits.
- New Economic Models are circular in nature, regenerative and consider a wide variety of success measures.
- Businesses must plan to diversify their incomes streams and focus on real value creation throughout the customer and product journeys.
- There are many new considerations for Founders and companies to consider in relation to new economics, and one of the first questions is “How do you stay in business while you reinvent your business?”
