Is The US In A Phase Change To The Creative Economy? | Forbes

Via Scoop.itdigital culture

A service economy is certainly one looming possibility for the US economy, but a service economy per se is unlikely to be an American success story. In effect, a service economy with sharply lower incomes and standard of living for most people will be politically unacceptable. Instead the needed transition is from a factory economy to the Creative Economy. The Creative Economy is one in which both manufacturing and services play a role. It is an economy in which the driving force is innovation. It is an economy in which organizations are nimble and agile and continually offering new value to customers and delivering it sooner. The Creative Economy is an economy in which firms focus not on short-term financial returns but rather on creating long-term customer value based on trust.