Second Curve Economy
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= "Our First Curve economy is dominated by hierarchical organizations focused on managing costs. In the Second Curve economy, business models focus on creating networks and value webs." [1]
Description
"The Second Curve refers to how wealth is created. Its a broad classification of business models. In the First Curve economy, business models relied of hierarchies, functionally organized corporations that could "command and control" resources. In the Second Curve economy, business models are based more on open networks. This shift is business models creates a fundamental challenge to create new approaches to economic development." (http://www.i-open.org/our_approach/)