Doing Business In The Energy-Climate Era

Ted Ko

In Thomas Friedman’s 2005 book, “The World is Flat,” he argues that globalization has created a new global economic era, fundamentally different than the business world of even a decade earlier. Just a few years later, in his newest book, “Hot, Flat and Crowded” Friedman describes another era: the Energy-Climate Era.

The evolution from the first book to the second demonstrates the global trend from financial-bottom-line thinking to the sustainable-economy imperative, and this paradigm shift requires business leaders to intrinsically rethink their companies.

Friedman claimed the realities of a “flat world” affected every business decision and any business leader ignored these realities at their peril. In a world constrained by climate change and energy limits, those business decisions need to be examined again. Let’s explore the new realities with the most prominent decisions of the Era of Globalization: outsourced manufacturing from the United States to foreign countries.

Read on. Find the full column, part of a new series written by Sustainable MBA students and published by Triple Pundit and Sustainable Industries, by clicking here.