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2016 | OriginalPaper | Buchkapitel

1. Frame of Reference

verfasst von : Jan Emblemsvåg

Erschienen in: Reengineering Capitalism

Verlag: Springer International Publishing

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Abstract

The Kyoto Protocol from 1997 heralded a new era toward a sustainable future many believed; however, it should come as no surprise that little has happened. While some might argue that it is because some has not ratified the agreement, the reality is that it could never succeed. This book will make it clear why, and in response present a different approach based on insights from the Industrial Revolution. This said, to directly transfer findings from one historical context to another will not work so we are talking more about the underlying concepts, principles, and ideas resulting during and from the Industrial Revolution.

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Fußnoten
1
See his classic from 1841; List, F. (2005b). The National System of Political Economy—Volume 3: The Systems and the Politics. New York, Cosimo Classics. p. 124.
 
2
See Freeman, C. (2002). “Continental, national and sub-national innovation systems—complementarity and economic growth.” Research Policy 31(2): pp. 191–211.
 
3
According to The Economist (2014c). The slumps that shaped modern finance. The Economist. 411: pp. 47–52.
 
4
See The Economist (2014d). Special report on World Economy: The third great wave. London, The Economist. p. 18.
 
5
See for example Mann, D. (2010). Creating a Lean Culture: Tools to Sustain Lean Conversions. New York, Productivity Press. p. 316.
 
6
According to The Economist (1999b). The key to industrial capitalism: limited liability. The Economist. 353: pp. 97–98.
 
7
See Jensen, M. C. and W. H. Meckling (1976). “Theory of the Firm: Managing Behavior, Agebcy Costs and Ownership Structure.” Journal of Financial Economics 3(4): pp. 305–360.
 
8
According to Freeman, C. and L. Soete (1997). The Economics of Industrial Innovation. Oxford, Routledge. p. 256.
 
9
See the historical account of List, F. (2005a). The National System of Political Economy—Volume 1: The History. New York, Cosimo Classics. p. 142.
 
10
This claim is made by Freeman, C. and L. Soete (1997). The Economics of Industrial Innovation. Oxford, Routledge. p. 256.
 
11
See Freeman, C. and L. Soete (1997). The Economics of Industrial Innovation. Oxford, Routledge. p. 256.
 
12
According to Steger, U., A. Ionescu-Somers, O. Salzman and S. Mansourian (2009). Sustainability Partnerships. The Manager’s Handbook. New York, Palgrave Macmillan. p. 296.
 
13
According to Szekely, F. and H. Strebel (2013). “Incremental, radical and game-changing: strategic innovation for sustainability.” Corporate Governance 13(5): pp. 467–481.
 
14
According to Winston, A. (2014). “Resilience in a Hotter World.” Harvard Business Review 92(4): pp. 56–64.
 
15
The study is authored by Robert Eccles and George Serafeim of Harvard Business School, see The Economist (2014b). A new green wave. The Economist. 412: pp. 53.
 
16
See The Economist (2014b). A new green wave. The Economist. 412: pp. 53.
 
17
See Constanza, R., R. d’Arge, R. de Groot, S. Farber, M. Grasso, B. Hannon, K. Limburg, S. Naeem, R. V. O’Neill, J. Paruelo, R. G. Raskin, P. Sutton and M. van der Belt (1997). “The value of the world's ecosystem services and natural capital.” Nature 387(15 May): pp. 253–260.
 
18
Quoted by The Economist (2014e). “Valuing the long-beaked echidna.” The Economist.
 
19
Quoted by The Economist (2014e). “Valuing the long-beaked echidna.” The Economist.
 
20
See National Research Council (2000). Watershed Management for Potable Water Supply: Assessing the New York City Strategy. Washington, National Academy Press. p. 564.
 
21
See The Economist (2013). “The butterfly effect.” The Economist 409(8860): pp. 63.
 
22
For more examples see Pagiola, S., K. von Ritter and J. Bishop (2004). Assessing the Economic Value of Ecosystem Conservation. Washington DC, World Bank. p. 58.
 
23
See Lovins, A. B. and L. H. Lovins (1997). Climate: Making Sense and Making Money. Old Snowmass, CO, Rocky Mountain Institute. p. 39.
 
24
See Lovins, A. B. and L. H. Lovins (1997). Climate: Making Sense and Making Money. Old Snowmass, CO, Rocky Mountain Institute. p. 39.
 
25
According to Vigon, B. (1997). SETAC Foundation Life-Cycle Assessment Newsletter, Society of Environmental Toxicology and Chemistry (SETAC). 17: pp.
 
26
According to Bradbrook, A. J. (1994). “Environmental Aspects of Energy Law—The Role of the Law.” Renewable Energy 5, part III(5–8): pp. 1278–1292.
 
27
See Heaton Jr., G. R. and R. D. Banks (1997). “Toward a New Generation of Environmental Technology; The Need For Legislative Reform.” Journal of Industrial Ecology 1(2): pp. 23–32.
 
28
According to Winston, A. (2014). “Resilience in a Hotter World.” Harvard Business Review 92(4): pp. 56–64.
 
29
See The Economist (2014b). A new green wave. The Economist. 412: pp. 53.
 
30
Quoted by The Economist (2014b). A new green wave. The Economist. 412: pp. 53.
 
31
According to Filho, W. L. (2000). “Dealing with misconceptions on the concept of sustainability.” International Journal of Sustainability in Higher Education 1(1): pp. 9–19.
 
32
See Filho, W. L. (2000). “Dealing with misconceptions on the concept of sustainability.” International Journal of Sustainability in Higher Education 1(1): pp. 9–19.
 
33
See World Commission on Environment and Development (WCED) (1987). Our Common Future. New York, Oxford University Press. p. 400.
 
34
According to Emblemsvåg, J. and B. Bras (1999). “LCA Comparability and the Waste Index.” International Journal of Life Cycle Assessment 4(No. 5, September): pp. 282–290.
 
35
According to Jensen, A. A., J. Elkington, K. Christiansen, L. Hoffmann, B. T. Møller, A. Schmidt and F. van Dijk (1997). Life Cycle Assessment (LCA)—A guide to approaches, experiences and information sources. Søborg, Denmark, dk-TEKNIK Energy & Environment. p.
 
36
In the literature, the findings are mixed, for example:
1.
Virtually all studies find little or no impact on operational performance and actual quality levels. Many studies are also constrained by the fact that the researchers have vested interests in the continuation and evolution of the ISO 9000 standard, see Douglas, A., S. Coleman and R. Oddy (2003). “The case for ISO 9000.” The TQM Magazine 15(5): pp. 316–324.
 
2.
Some studies find increase in sales and improved market opportunities, see, for example, Terlaak, A. and A. A. King (2006). “The effect of Certification with the ISO 9000 Quality Management Standard: A Signaling Approach.” Journal of Economic Behavior & Organization 60(4): pp. 579–602.
 
3.
Some studies find ISO 9000 implementations correspond to higher sales and profitability in companies; however, what is the cause and what is the effect is unclear—and this is a problem in most studies, see Heras, I., G. P. M. Dick and M. Casadesus (2002). “ISO 9000 registration’s impact on sales and profitability: A longitudinal analysis of performance before and after accreditation.” International Journal of Quality & Reliability Management 19(6): pp. 774–791.
 
 
37
See The Economist (2014e). “Valuing the long-beaked echidna.” The Economist.
 
38
See Emblemsvåg, J. (2003). Life-Cycle Costing: Using Activity-Based Costing and Monte Carlo Methods to Manage Future Costs and Risks. Hoboken, NJ, John Wiley & Sons. p. 320.
 
39
See Nidumolu, R., J. Ellison, J. Whalen and E. Billman (2014). “The Collaborative Imperative.” Harvard Business Review 92(4): pp. 76–84.
 
40
See The Economist (2014a). A green light. The Economist. 410: pp. 62.
 
41
See the book version of my dissertation, Emblemsvåg, J. and B. Bras (2000). Activity-Based Cost and Environmental Management: A Different Approach to the ISO 14000 Compliance. Boston, Kluwer Academic Publishers. p. 317.
 
42
See Olsson, L. E. (1994). “Energy-Meteorology: A new Discipline.” Renewable Energy 5 Part II: pp. 1243–1246.
 
43
This view is also supported by other such as Patrick Moore, one of the five cofounders of Greenpeace, see Murphy, G. (2008). “A Conversation with Patrick Moore: Why Former Greenpeace Leader Supports Nuclear Energy.” EIR Science & Technology (16 May): pp. 58–63.
 
44
See Marx, K. (2004). Capital: Critique of Political Economy, vol. 1. London, Penguin Classics. p. 1152.
 
45
According to Freeman, C. and L. Soete (1997). The Economics of Industrial Innovation. Oxford, Routledge. p. 256.
 
46
See Schumpeter, J. (1911). Theorie der wirtschaftlichen Entwicklung (English translation: “The Theory of Economic Development”, Harvard, 1934). Leipzig, Verlag von Duncker & Humboldt. p.
 
47
See Sobel, R., S. (2008). Entrepreneurship. The Concise Encyclopedia of Economics, 2nd edition. D. R. Henderson. Indianapolis, IN, Liberty Fund, Inc.
 
48
See van Gelderen, J. (1913). “Springvloed Beschouwingen over industrielle Ontwickkeling en prijsbeweging (Spring tide, Reflection on industrial development and price fluctuation).” De Nieuwe Tijd 184(5 & 6).
 
49
See Schumpeter, J. (1939). Business Cycles: A Theoretical, Historical and Statistical Analysis of the Capitalist Process. New York, McGraw-Hill Book Company. p. 461.
 
50
According to Freeman, C. and L. Soete (1997). The Economics of Industrial Innovation. Oxford, Routledge. p. 256.
 
51
According to The Economist (2014d). Special report on World Economy: The third great wave. London, The Economist. p. 18.
 
52
See Smith, A. (1981). An Inquiry into the Nature and Causes of the Wealth of Nations, Volume I. Indianapolis, IL, Liberty Fund. p. 543.
 
53
According to Freeman, C. and L. Soete (1997). The Economics of Industrial Innovation. Oxford, Routledge. p. 256.
 
54
According to Freeman, C. and L. Soete (1997). The Economics of Industrial Innovation. Oxford, Routledge. p. 256.
 
55
According to Ashton, T. S. (1963). The Industrial Revolution in Great Britain. The Experience of Economic Growth. B. E. Supple. New York, Random House.
 
56
According to Micklethwait, J. and A. Woolridge (2014). “The State of the State: The Global Contest for the Future of Government.” Foreign Affairs 93(4): pp. 118–132.
 
57
Benoît Mandelbrot was born in Warsaw in 1924 to a relatively wealthy Lithuanian Jewish family. When he was 12 years old, his family had the foresight to leave Poland and went to Paris. After World War II, he left France for the USA to escape the formalism of the French mathematical establishment. The stifling hold on mathematical imagination pushed Mandelbrot away from academia to work for IBM in New York. For more information, see Lesmoir-Gordon, N., W. Rood and R. Edney (2001). Introducing Fractal Geometry. Cambridge, Icon Books. p. 176.
 
58
The closest approximation is 1.50659177, which is sufficient for most practical purposes. You might think this is only of academic interest, but it has also very real and tangible results. For example, the lengths of the common borders between Spain and Portugal, or Belgium and the Netherlands, as reported in these neighbors’ encyclopedias, differ by 20 percent, or 987 km versus 1214 km for the Spain/Portugal border and 380 km versus 449 km for the Belgium/the Netherlands border. For more details, see Richardson, L. F. (1961). “The problem of contiguity: an appendix of statistics of deadly quarrels.” General Systems Yearbook 6: pp. 139–187.
 
59
See Mandelbrot, B. B. (1980). “Fractal aspects of the iteration of z->lamda z(1−z) for complex lambda and z.” Non Linear Dynamics; Annals of the New York Academy of Sciences 357: pp. 249–259.
 
60
A complex number z consists of a real number x and an imaginary number iy. It can be graphically plotted in a complex plane where, for example, the real number x is on the abscissa axis and the imaginary number iy is found on the other axis. Imaginary numbers occurs if we take the square root of a negative number. For example, \(\pm 1i = \sqrt { - 1}\).
 
61
See Mandelbrot, B. B. (1980). “Fractal aspects of the iteration of z->lamda z(1-z) for complex lambda and z.” Non Linear Dynamics; Annals of the New York Academy of Sciences 357: pp. 249–259.
 
62
See Lorenz, E. N. (1963). “Deterministic Nonperiodic Flow.” Journal of the Atmospheric Sciences 20(2): pp. 130–148.
 
63
A function in mathematics is essentially an equation or a set of equations that describes the mathematical relationship between various variables. For example, a function f of x and y can be described as f(x, y) = x + 2y + 3.
 
64
For more details, see Lesmoir-Gordon, N., W. Rood and R. Edney (2001). Introducing Fractal Geometry. Cambridge, Icon Books. p. 176.
 
65
See Roberts, R. M. (1989). Serendipity: Accidental Discoveries in Science. New York, John Wiley & Sons. p. 288.
 
66
According to Brand, A. (1998). “Knowledge Management and Innovation at 3 M.” Journal of Knowledge Management 2(1): pp. 17–22.
 
67
See Drucker, P. F. (1992). Managing for the Future: The 1990s and Beyond. New York, Truman Talley Books. p.
 
68
See The Economist (2006b). The physical internet: A survey of logistics. London, The Economist. p. 18.
 
69
See Drucker, P. F. (2002). “The Discipline of Innovation.” Harvard Business Review 80(August): pp. 95–102.
 
70
The study is quoted in Franklin, C. (2003). Why Innovations Fail: Hard-won Lessons for Business. London, Spiro Press. p. 232 and subsequently quoted by The Economist (2003). Expect the unexpected. The Economist Technology Quarterly: pp. 3.
 
71
See for example;
  • Rogers, E. M. (2003). Diffusion of Innovations. London, The Free Press. p. 551.
  • Moore, G. C. and I. Benbasat (1991). “Development of an Instrument to Measure the Perceptions of Adopting an Information Technology Innovation.” Information Systems Research 2(3): pp. 192–220.
 
72
See Rogers, E. M. (2003). Diffusion of Innovations. London, The Free Press. p. 551.
 
73
According to Rogers, E. M. (2003). Diffusion of Innovations. London, The Free Press. p. 551.
 
74
According to Rogers, E. M. (2003). Diffusion of Innovations. London, The Free Press. p. 551.
 
75
According to Rogers, E. M. (2003). Diffusion of Innovations. London, The Free Press. p. 551.
 
76
See Webster (1989). Webster’s Encyclopedic Unabridged Dictionary of the English Language. New York, Gramercy Books. p. 1854.
 
77
In an award-winning documentary film called The Corporation (released in 2004), Mark Achbar, Joel Bakan, and Jennifer Abbott argue that like all psychopaths, a corporation (1) is singularly self-interested because it attempts to create wealth for its shareholders; (2) is irresponsible because it puts others at risk in order to achieve objectives harming employees, customers, and the environment; (3) insists that it is the best, or number one; (4) has no empathy and feels no remorse; and (5) relates to others only superficially. See The Economist (2004). The lunatic you work for. The Economist. 371: pp. 68.
 
78
See Weber, M. (1992). Economy and Society: An Outline of Interpretive Sociology. Berkely, University of California Press. p. 1470.
 
79
See Jensen, M. C. and W. H. Meckling (1976). “Theory of the Firm: Managing Behavior, Agebcy Costs and Ownership Structure.” Journal of Financial Economics 3(4): pp. 305–360.
 
80
See Freeman, R. (1984). Strategic Management: A Stakeholder Approach. Boston, MA, Ballinger. p.
 
81
See Brenner, S. and P. Cochran (1991). The Stakeholder Theory of the Firm: Implications for Business and Society Theory and Research. IABS Proceedings 1991.
 
82
See Key, S. (1999). “Toward a new theory of the firm: a critique of stakeholder “theory”.” Management Decision 37(4): pp. 317–328.
 
83
See Niebuhr, R. (1932). Moral Man & Immoral Society: A Study of Ethics and Politics. London, Westminister John Knox Press. p. 284.
 
84
See the through discussion in Chang, H.-J. (2002). Kicking Away the Ladder: Development Strategy in Historical Perspective. London, Anthem Press. p. 187.
 
85
See The Economist (1999a). Introducing big government. The Economist. 353: pp. 102.
 
86
See Honderich, T., Ed. (1995). The Oxford Companion to Philosophy. New York, Oxford University Press. p. 1009.
 
87
See Oman, C. (2001). Corporate Governance and National Development. Paris, OECD Development Centre. p. 47.
 
88
See Oman, C. (2001). Corporate Governance and National Development. Paris, OECD Development Centre. p. 47.
 
89
See Investor Relations Business (IRB) (2000). Good governance pays off: institutions will pay a premium for an independent board. Institutional Shareholder Services. p. 3.
 
90
See Low, J. and T. Seisfeld (1998). “Measures that matter: Wall Street considers non-financial performance more than you think.” Strategy & Leadership 26(2): pp. 24–28.
 
91
According to The Economist (2006a). The heat is on: A survey of climate change. London, The Economist. p. 24.
 
92
See Olsson, L. E. (1994). “Energy-Meteorology: A new Discipline.” Renewable Energy 5 Part II: pp. 1243–1246.
 
93
This is well documented in a number of publications following the landmark book Johnson, H. T. and R. S. Kaplan (1987). Relevance Lost: The Rise and Fall of Management Accounting. Boston, MA, Harvard Business School Press. p. 269.
 
94
See Friedman, M. (1970). The social responsibility of business is to increase its profits. New York Times Magazine: pp.
 
95
According to Saiia, D. H. and D. Cyphert (2003). “The Public Discourse of the Corporate Citizen.” Corporate Reputation Review 6(1): pp. 47–57.
 
96
See Friedman, M. (2002). Capitalism and Freedom. Chicago, IL, University of Chicago Press. p. 210.
 
Metadaten
Titel
Frame of Reference
verfasst von
Jan Emblemsvåg
Copyright-Jahr
2016
DOI
https://doi.org/10.1007/978-3-319-19689-3_1