Sociology Index

Karaoke Capitalism

Capitalism, State Capitalism, Spirit of Capitalism, Crony Capitalism

Karaoke capitalism refers to the philosophy of imitation, engrained into the corporate mindset by such popular concepts as benchmarking and best practice. karaoke capitalism is institutionalized imitation, where copycat firms dominate. The only way to survive is to chuck convention, to embrace your company's individual personality. Competing in a world of karaoke capitalism is about daring to be different. - Jonas Ridderstale.

According to two business gurus, Dr. Jonas Ridderstråle and Dr. Kjell A. Nordstrom, the corporate world is now under siege from "karaoke capitalism" or institutionalized imitation, where copycat firms dominate.

"No matter how talented you are in a karaoke bar, you are going to end up being a pale copy of an original," Jonas Ridderstrale told CNN.

The karaoke capitalism economy is dominated by individuals with endless choice. Karaoke capitalism club is also home to institutionalized imitation. Only imagination and innovation place societies, organizations and individuals center-stage.

Nordstrom criticised 'karaoke capitalism' as the pursuit of 'best practice', arguing that it merely encourages businesses to become more like their competitors, rather than unique or better.

Karaoke Capitalism: Management For Mankind - Jonas Ridderstrale, Kjell Nordstrom - A workout for the wits in Karaoke Capitalism.

According to Tom Peters,If you loved Funky Business as much as I did, then you love Karaoke Capitalism.

Karaoke Capitalism : Daring to Be Different in a Copycat World
Jonas Ridderstrale, Kjell A. Nordstrom.