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Meadows died too young in 2001, but her work has grown increasingly more important, as it was focused on systems change to avert environmental collapse. Global businesses should apply this foundational principle to the private enterprises that public authorities charter.
In 2001, the internet stock market crisis broke, and later that decade the subprime mortgage crisis sparked the 2008 global financial crisis — the largest since the Great Depression. In 1994, the Mexican Tesobonos crisis happened, then financial crises spread across Asia in 1997 and again a year later.
Meadows, who died too young in 2001 but whose work has grown increasingly more important, focused on systems change to avert environmental collapse. What has yet to be acknowledged is that this is happening not only within executive leadership, enterprise leadership, and economic leadership but, also, across these spheres.
When Jack Welch retired as chairman and CEO of General Electric in 2001, he ended a 20-year tenure that took GE from a valuation of $14 billion to $600 billion, making it the most valuable company in the world. (Chris Hondros/Getty Images). Something has shifted in the business world over the last, call it seven to five years.
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