Tom Goodwin on the Imagination Economy and the superpower of Empathy in this Era. I really like the framing here.

ERA THREE — A FOCUS ON IMAGINATION AND EMPATHY

Good ideas can be worth billions and cost nothing and take little time.  

In 1959, Peter Drucker coined the term “knowledge work” to describe work that creates value through the use of information. While in prior eras output correlated to time,suddenly working hours matter less than the quality of those hours.

As knowledge work grows in importance, managing knowledge and knowledge workers challenged traditional management theories.

Executives’ roles are shifting from control and authority to coaching, and leadership principles replaced management.

New theories of management now emphasize engagement, motivation, and inspiration.

The nature of organizations is changing, and power is shifted from hierarchies to networks.

The role of empathy and imagination in business is now the main driver of value.