Oliver Fiechter

Quick Facts

Full Name	Oliver Fiechter
Occupation	Economist
Date Of Birth	Apr 30, 1972(1972-04-30)
Age	52
Birthplace	Buenos Aires
Country	Argentina
Horoscope	Aries

Oliver Fiechter Biography

Oliver Fiechter is one of the most popular and richest Economist who was born on April 30, 1972 in Buenos Aires, Argentina. Fiechter was born in Buenos Aires, Argentina on April 30 in 1972. Fiechter is the child of Beat Fiechter, Ursula Fiechter. He has one sister Natalia born in 1976. At the beginning of 1980, Fiechter as well as his entire family left Argentina due to the threat by Argentinian putschists. They returned home to Switzerland. Integrating into Swiss schools and the Swiss life was difficult for Fiechter and he started to distrust authorities in a categorical way. Fiechter’s experience in the context of institutionalized education have led him to pursue Adaptive Learning, as stated in his book We are The Economy! (2012). In the book, Fiechter promotes individualized lifelong learning which “develops constructive critical thinking and individual development.” Fiechter is against factory-like mass-training that does not consider the individual. He says that to keep up with the evolving technological world education must change away from standardization, and toward fostering individual creativity and creativity.

“The imperative of Economy 3.0 is called intellectualization, this means that a community is to empower its members to reflexive thinking and acting.” In Economy 3.0 the third sector, the service sector is the dominant one. There’s an abundance of both material and physical products, and that is why trading in goods and services to increase the intangible wealth is the main focus on the agenda. The desire for efficiency and scale is replaced by a need for empathy and creativity. These needs are extremely personal and can’t be met by mass production. To meet customer needs the business must be aware of what the exact needs are and how they is able to be met. The distance between the consumers and producers shrinks, while the consumer transforms into an actor in the production process. Different forms of relationship between stakeholders and organizations are required, so the interaction is now more significant as opposed to the transactions. Digitalization is the basis for the creation of a new knowledge society as the internet allows to everyone to share and gain access to information.

For the Carlo Foundation, by the Liechtenstein government, he developed a rating approach for the sustainable rating and valuation of financial products. On behalf of the Austrian Chamber of Commerce, he developed the hidden champion 3.0 award, which rates export-oriented companies according to the rating criteria of the economy 3.0. Fiechter has been involved with his project Peerworld of the Clinton Global Initiative since 2016.

Instead of calling it Economy 4.0, ‘We are the Economy!’ refers to the economy following Economy 3.0 as Synchronomy. Synchronomy is a neologism made up of synchronization and economy. This new system overcomes the logic of scarcity; it is replaced by the logic of abundance. The tangible needs are already satisfied; the system is entirely devoted to the intangible. Enterprises only exist as synchronization platforms where people who produce certain benefits and people who want to receive those benefits meet and form ‘communities’. A community dissolves, once the particular need is satisfied. In Synchronomy, the features of the markets that are characteristic in Economy 3.0 – virtuality, transparency and reciprocity – gain importance. Dematerialization continues, the principle of exchange and ‘interaction instead of transaction’ are in the foreground. Hierarchies are replaced by networks. There is a complete decentralization of the structure, development and management of enterprises; they are fully in the hands of the stakeholders. Instead of having executives, communities rely on direct communication and swarm intelligence.

Management of corporate operations in the Economy 3.0 follows the self- organization principles. The concept of the swarm could be used to illustrate these principles. “Swarms function without central control, solely by the cooperation of individual agents that interact loyally with each other and are equal to each other.” Swarms form at any time an entire group of people are engaged in the same objective. Swarms that succeed require dedication to self- organization, indirect collaboration as well as access to a vast range of information and is required to adjust to changing environment conditions. Because there isn’t anyone providing instructions, tools such as knowledge competitions, where various strategies are compared and evaluated should be utilized to enhance the efficiency of decision-making.

Oliver Fiechter Net Worth

Oliver Fiechter is one of the richest Economist from Argentina. According to our analysis, Wikipedia, Forbes & Business Insider, Oliver Fiechter 's net worth $5 Million. (Last Update: December 11, 2023)

Oliver Fiechter (born April 30 1972) is a Swiss economic philosopher and digital business model innovator and visionary manager Entrepreneur, the author of two books: We Are The Economy! (2012) as well as Rise of the Digital Tribal Society (2016).

In his book, released at the end of 2012, He presents the economic concept of “Economy 3.0 as a principle of satisfaction of needs and a new method of working that is a reflection of the fundamental shift. The Economy 3.0 is an economic system which is controlled decentrally by the people. In simple terms the term Economy 1.0 is described as agricultural. It is the economy 2.0 refers to the industrialized society, while the Economy 3.0 represents the society of service. Each level of economy has part of the other. The main difference is this the Economy 2.0 was focused on getting rid of shortages. In Economy 3.0 The goal is to address the excess. Fiechter envisions an upcoming global order of economics and social that is characterized by an open and transparent barter society that is based on equality, reciprocity, and cooperation rather than competition. Based on the ‘Economy 3.0’ theory Fiechter invented a management-, strategy- and controlling-methodology for human-centered corporate management. In addition, Fiechter is the creator of the ISG Institute in St. Gallen and is the Director General for M&H Equity AG, an private equity investment firm that is internationally based and employs a unique approach that helps identify risk and potential in companies by looking at the soft elements.

Economy 2.0 is not just about survival anymore; its participants are longing for material wealth. An increase in efficiency leads to more supply, which brings supply and demand into alignment and therefore increases the power of the consumer. The average size of enterprises increases – which is one of the reasons for increased efficiency – and enterprise management is concentrated in the hands of a few. Furthermore, the realization of the ego becomes the driving force of the system; the individual wants to be unique. Since the needs of the customers are more or less equal, whether or not a need can be satisfied depends on the financial possibilities of the individual. In this economy, success is assessed through profit, respectively the lack thereof.

Height, Weight & Body Measurements

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Who is Oliver Fiechter Dating?

According to our records, Oliver Fiechter is possibily single & has not been previously engaged. As of December 1, 2023, Oliver Fiechter’s is not dating anyone.

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Fiechter’s beliefs are strongly influenced by constructionist philosophies, particularly Heinz von Foerster’s work on self-organizing systems. Fiechter’s core interests lie in the relationships and social exchanges that take place while the needs of the stakeholders within the system are being satisfied. In 2008 Fiechter founded the ISG Institute in St. Gallen, a Swiss-based think- tank known for developing methodology and tools (based on empirical research) that enable companies to measure and report on “soft factors” and individual preferences such as values, ideals, psychological motivations and attitudes of customers, employees, management and other stakeholders. The methodologies see companies as complex social organizations; and thus integrate intangible nonfinancial assets with traditional financial assets in valuation analysis. Companies can therefore measure and report (in real time) how soft factors impact financial performance. PricewaterhouseCoopers (PwC) and Ernst & Young (EY), have adopted Fiechter’s tools as part of their client solutions. The ‘Hidden Champion 3.0 Award’ of the Austrian Ministry of Commerce is based on this methodology (see Hidden Champions). In 2009, the Swiss economist and winner of the Swiss Innovation Prize (1983) Prof. Dr. Cuno Pümpin partnered with the ISG Institute. The collaboration proved that management makes more sound and objective decisions when implementing ISG-methodology (including qualitative and quantitative facts).

Facts & Trivia

Oliver Ranked on the list of most popular Economist. Also ranked in the elit list of famous people born in Argentina. Oliver Fiechter celebrates birthday on April 30 of every year.