Collaboration is central to creating wealth. Contrary to the myth our star culture perpetuates, people working collaboratively achieve greater success than individuals. While some individuals may walk away with the lion’s share of the spoils, it takes a village to create their wealth. I’m glad that in his excellent page-one story in today’s New York Times headlined “The Richest of the Rich, Proud of a New Gilded Age” Louis Uchitelle includes steel baron Andrew Carnegie’s philosophy of wealth creation. You can read the story here.
The story compares Bill Gates, Warren Buffett and other billionaires with the super wealthy of yesteryear. Perhaps the most interesting aspect of the story is that it quotes David Nasaw, author of the book Andrew Carnegie as saying that Carnegie believed “individuals do not create wealth by themselves.”
This, according to Nasaw, was fundamental to Carnegie’s gospel of wealth. In Carnegie’s view, the community creates wealth and individuals like him are simply trustees of wealth. Therefore, Carnegie gave most of his wealth back to the community in the form of libraries, museums, cultural centers and foundations.
Carnegie’s philosophy applies today to how companies create value. As I describe in The Culture of Collaboration book, companies in a variety of industries are achieving impressive results through collaboration. Among the organizations included in the book are Toyota, Boeing, The Dow Chemical Company, BMW, Industrial Light & Magic, DreamWorks Animation, Mayo Clinic, and the Myelin Repair Foundation. In each of these organizations, star culture takes a back seat to collaborative culture.




