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Practice Listening: Highlight Incorrect Words ID: #30145 Short Economy 2
Instructions
* Click on the words that are different from what you hear
Result:
I think the importance of creativity today really reflects a fundamental shift in the nature of the economy. You know, in the old days, wealth was created because in the industrial era, you manufactured something, you got economies of scale, you had long production runs, you were really efficient - you know, you could get a Model T, any color just so long as it was black. Right? So there was standardization. And there was a whole set of assumptions 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 fundamentally unstable - and so we need less economies of scale and more economies of discovery. Which means that the management approach, the organizational approach, has got to shift as well.

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