In the 2000 film “Pay It Forward,” Time Warner (NYSE:TWX), people change their expectations about giving. Instead of getting “paid back” when they do something for or give something to somebody else, they tell the person to “pay it forward.” The expression catches on nationwide, changing how people look at giving to others. This week at the Loews (NYSE:L) Lake Las Vegas Hotel and Resort, Berny Dohrmann CEOSpace founder and visionary will once again will show the business world that collaborative based capitalism is here to stay.
In competition-based capitalism the founding principal of business is “The less you know the more I make.” The more your endeavor is commoditized by price comparison of known characteristics, the greater your need to reject transparency and thereby preserve pricing flexibility.
CEOSpace founder Bernard Dohrmann vision is when you serve others and nourish the principle of advancing the community first, you begin a movement that returns much more than if you had pursued your own interest to the exclusion of all others.
Dohrmann explains how collaborative capitalism differs from competitive capitalism, and maintains that his notion of collaborative capitalism inherently favors transparency. In collaboration-based capitalism the founding principal is the creation of value. Value is the catalyst of hyper growth and innovation in markets.
If that sounds a lot more like good old-fashioned honest pricing for honest value than a revolutionary concept, it is. But when Dohrmann first examined the road Capitalism was taking, he realized that honesty and transparency had become unusual under the existing model of the day. So in 1981, he created CEOSpace, the “original social network,” to implement a collaborative capitalist model, eventually expanding to 140 clubs around the world, which all meet 5 times a years for 10 days at the Loews Lake Las Vegas Hotel in Henderson Nevada..
Participants work collaboratively, networking to create additional value, matching others’ real needs with their own capabilities and resources. If there is “competition” in the model, it is competition to be highly regarded as helpful to other members. The guiding concern is that others flourish; if you are creating value for the CEOSpace community, all the incentives are structured for your own business to flourish as well. The more you help others, the more your own services are “advertised”.
If you’re tempted to write off Collaborative Capitalism as “Kumbayah Capitalism,” a quick look at some of the programs participants and you will quickly rethink that this is something you should investigate.
Erin Saxton:
Erin herself is a multi Emmy nominated TV producer having worked on such shows at The View, Barbara Walters Specials, Good Morning America and The Rosie O’Donnell Show. After leaving The View, Erin went on to create the full service media and public relations firm The Idea Network, where many best selling authors were made. Now as CEO of Newswire, Inc., she oversees all divisions of Newswire.
Kevin Harrington
Kevin Harrington, CEO of TVGoods.com, LLC, is widely acknowledged as the pioneer and principal architect of the “infomercial” industry. Since producing the industry’s first infomercial in the 1980s, Harrington has financed more than 500 product launches resulting in sales of more than $4 billion worldwide with 20 products reaching individual sales of over $100 million each, and creating dozens of millionaires.
In his latest venture, Harrington is an investor on a new ABC show called “Shark Tank” (NYSE:DIS), in which budding entrepreneurs compete in pitching their potentially moneymaking ideas to business experts in hopes of securing investment financing. The show is owned by SONY (NYSE:SNE) Pictures and produced by Mark Burnett.
Bob Circosta
Bob Circosta helped invent an entirely new industry: home shopping and electronic retailing. And now? Between eBay, home shopping channels, and infomercials, the electronic retailing industry rakes in over 30 billion dollars annually. That number surpasses the yearly revenues for McDonald’s, Burger King, and Wendy’s… combined.
Personally extolling the virtues of over 75,000 different products and netting over 20,000 hours of live, on-air TV selling, Circosta achieved individual product sales in excess of ONE BILLION DOLLARS – earning him the title of “The Billion Dollar Man.” Nearly 30 years since first selling those avocado-green can openers, Circosta continues to dazzle the public as a welcomed fixture on HSN, introducing countless new products to an ever-growing audience of 20 million different people each and every month.
Harry Lay
Harry Lay is the trusted advisor to CEOs and business leaders worldwide. He is uniquely qualified to serve as the voice of experience as well as the clear and constant sounding board to help propel seasoned leadership and the new-kid-on-the-block to extraordinary success.
Lay polished his unique, cross-industry skills and expertise in both the private and public business sectors. He served as the Partner-in-Charge of Non-Traditional Consulting Services and the Director of Profit Advisory for a regional CPA firm, and President/CFO of an international architectural and engineering firm where he oversaw the process from design to opening of all Wal-Mart (NYSE: WMT) stores built in the US from 1990-1996. In the public accounting sector, Lay served nineteen years in public accounting with three firms–two national and one local.
Leveraging his experience in the public and private sectors, Harry has enjoyed teaching a variety of continuing education courses and facilitating seminars for professional associations and private companies. He has been featured in Fortune magazine and The Wall Street Journal and serves as a member of numerous Boards of Directors.
Rand Brenner
RAND BRENNER, has over 25 years experience in launching new start-ups, financing businesses, strategic planning, and consumer products marketing. He has started, managed and sold several start-up companies in the fitness, consumer products and business-to-business industries
Rand has an extensive business career in the entertainment industry, where he held executive positions at Saban Entertainment and Warner Bros Consumer Products. Mr. Brenner negotiated numerous merchandise and promotional licensing agreements, many with Fortune 1000 companies including Hewlett Packard, (NYSE: HPQ) Kellogg’s, Bandai America, Hasbro, Quaker Oats, Pepsi, and others. Key among the entertainment properties he managed was the Mighty Morphin Power Rangers (a $3 billion worldwide retail sales licensing phenomenon),two Power Rangers Movies (produced in conjunction with 20th Century Fox Film Corporation), the Batman movie (Tim Burton/Warner Bros production generating over $500 million in merchandise revenues), the classic Looney Tunes(i.e. Bugs Bunny)and Tiny Toon Adventures (Spielberg/Warner Bros).
For media enquiries into CEOspace Forum this week please contact Stefanie Krukowski at (888) 666-8910 EXT 11.