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Dee
Hock is a native of North Ogden, Utah, where he
began his business career in the financial services industry
in 1950.
During the
next sixteen years, he held a succession of management
positions with major financial institutions.
In 1968, he developed
the concept of a global system for the electronic
exchange of value and a unique, new form of organization
for that purpose: a decentralized, non-stock, for-profit
membership institution to be owned by financial
institutions throughout the world.
In 1970, the first
portion of that organization, VISA U.S.A., was founded,
followed by VISA International in 1974. It is now a
$1.75 trillion enterprise jointly owned by more than
20,000 financial institutions in more than 220 countries
and territories.
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In 1984, Mr. Hock left the
VISA organization to pursue his lifelong interest in the
evolution of organizations and management practices, and the
nature and extent of change they will encounter in the
twenty-first century. In 1997, with the support of major
foundations, he founded, a not-for-profit institution, Terra
Civitas, to link individuals and organizations throughout the
world in a concerted effort to develop, disseminate and
implement more effective and equitable concepts of commercial,
political and social organization.
In 1991, he became one of
thirty living Laureates of the Business Hall of Fame. In 1992,
he was recognized as one of eight individuals who most changed
the way people live in the past quarter century. In addition
to his work to foster organizational change, Mr. Hock is a
writer, public speaker, and author of Birth of the Chaordic
Age, published in November, 1999, by Berrett-Koehler, San
Francisco, California.
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