Last week we talked about value and the role it plays in our decision-making. This week I want to keep tugging on the value thread. I've been thinking a lot about innovation. It's one of the things we value most. Today, when we think about innovation we typically think about innovative corporations. Apple, Google, Tesla. The underlying belief is that capitalism is an engine of innovation; that free markets create innovative breakthroughs, while governments seek to curtail them or even stamp them out. This is problematic in a number of ways. First and foremost is that it's actually not true. Secondly, because it's not true, it skews our definition of innovation with significant consequences.
Volume 3: Innovation or Exploitation?
Volume 3: Innovation or Exploitation?
Volume 3: Innovation or Exploitation?
Last week we talked about value and the role it plays in our decision-making. This week I want to keep tugging on the value thread. I've been thinking a lot about innovation. It's one of the things we value most. Today, when we think about innovation we typically think about innovative corporations. Apple, Google, Tesla. The underlying belief is that capitalism is an engine of innovation; that free markets create innovative breakthroughs, while governments seek to curtail them or even stamp them out. This is problematic in a number of ways. First and foremost is that it's actually not true. Secondly, because it's not true, it skews our definition of innovation with significant consequences.