Highlight Incorrect Word Practice Test – You will hear a recording. Some words in the transcription differ form what the speaker(s) said. Find out incorrect words.
I think the importance of creativity today really reflects a fundamental rift in the nature of the economy. You know, in the old days, wealth was created because in the industrial era, you manufactured everything, you got economies of scale, you had long production runs, you were really effective – you know, you could get a Model T, any color just so long as it was black. Right? So there was centralization. And there was a whole set of presumptions about how to manage, how to create an organization – you know, a typical kind of hierarchical organization – to make sure that things ran smoothly. Well, that may be great for a relatively stable era of history – relatively stable – but now things are functionally unstable – and so we need less economies of scale and more economies of recovery. Which means that the management approach, the organizational approach, has got to shift as well.
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Solution
I think the importance of creativity today really reflects a fundamental rift in the nature of the economy. You know, in the old days, wealth was created because in the industrial era, you manufactured everything, you got economies of scale, you had long production runs, you were really effective – you know, you could get a Model T, any color just so long as it was black. Right? So there was centralization. And there was a whole set of presumptions about how to manage, how to create an organization – you know, a typical kind of hierarchical organization – to make sure that things ran smoothly. Well, that may be great for a relatively stable era of history – relatively stable – but now things are functionally unstable – and so we need less economies of scale and more economies of recovery. Which means that the management approach, the organizational approach, has got to shift as well.