Legacy Thinking

There are a couple of ways of thinking about legacy thinking. The first one is the mental state of thinking about what your legacy will be. This kind of legacy thinking is very important. It is important about what we will leave those who live after us, but it's not what I'm thinking about.

The second meaning of legacy thinking is discussed by Phillip Evans and Thomas Wurster on page 5 of Blown to Bits; How the New Enconomics of Information Transforms Strategy (Boston, MA: Harvard Business School Press, 2000) which narrates what they call the "Decline and Fall of Encyclopedia Britannica." They mean, the thought process by which

the history, the myths, the shared values, and the unreflective prepossitions that define a strong corporate culture can bine business leaders to events that do not fit into their collective framework.

If you're interested in the new economics of information, you should read this book. Published in 2000, it nonetheless foreshadows in broad brush everything that has been going on in the decade since.

I want to know what you think. Post a comment.

Entrepreneurship informs all of my professional activities. For entrepreneurial real estate, go to www.yourstopforrealestate.com/blog and for entrepreneurial writing to www.kearneymusicschoolmurders.blogspot.com.