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Why is it so hard to sustain success? The Innovator’s Dilemma summarized what I learned about this puzzle. It’s not just management mistakes that cause failure. Certain practices that are essential to a company’s success—like catering to
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“In other words, the average forager had wider, deeper and more varied knowledge of her immediate surroundings than most of her modern descendants. Today, most people in industrial societies don’t need to know much about the natural world in order to survive. What do you really need to know in order to get by as a computer engineer, an insurance agent, a history teacher or a factory worker? You need to know a lot about your own tiny field of expertise, but for the vast majority of life’s necessities you rely blindly on the help of other experts, whose own knowledge is also limited to a tiny field of expertise. The human collective knows far more today than did the ancient bands. But at the individual level, ancient foragers were the most knowledgeable and skilful people in history.”
― Sapiens: A Brief History of Humankind
― Sapiens: A Brief History of Humankind
“History cannot be explained deterministically and it cannot be predicted because it is chaotic. So many forces are at work and their interactions are so complex that extremely small variations in the strength of the forces and the way they interact produce huge differences in outcomes. Not only that, but history is what is called a ‘level two’ chaotic system. Chaotic systems come in two shapes. Level one chaos is chaos that does not react to predictions about it. The weather, for example, is a level one chaotic system. Though it is influenced by myriad factors, we can build computer models that take more and more of them into consideration, and produce better and better weather forecasts. Level two chaos is chaos that reacts to predictions about it, and therefore can never be predicted accurately. Markets, for example, are a level two chaotic system. What will happen if we develop a computer program that forecasts with 100 per cent accuracy the price of oil tomorrow? The price of oil will immediately react to the forecast, which would consequently fail to materialise. If the current price of oil is $90 a barrel, and the infallible computer program predicts that tomorrow it will be $100, traders will rush to buy oil so that they can profit from the predicted price rise. As a result, the price will shoot up to $100 a barrel today rather than tomorrow. Then what will happen tomorrow? Nobody knows.”
― Sapiens: A Brief History of Humankind
― Sapiens: A Brief History of Humankind
“Mr. Jobs’s next big thing is buttressed by mounting evidence of a post-PC era in which silicon, not software, will be king. That is likely to bring wrenching changes in the technology world, largely dominated by Microsoft for the last decade. Under Microsoft’s hegemony, hardware became a low-cost commodity. Now it may be software’s turn.”
― The Rise of Apple
― The Rise of Apple
“As Christensen’s work strongly implies, the basis of disruption is that competitors are creating new markets. The playing field is changing, not the product or service. And few incumbents can afford the breadth of imagination to envision a new playing field.”
― Platform Disruption Wave: A New Theory of Disruption and the Eclipse of American Power
― Platform Disruption Wave: A New Theory of Disruption and the Eclipse of American Power
“The US tire industry in the 1930s, TV manufacture in the 1960s, and autos in the 1970s all suffered the effects of decision processes that were unresponsive to change because of the range of obligations that went with quasi-monopoly. In all three cases, the attack came from the rise of cheaper sources of production in Asia.”
― Platform Disruption Wave: A New Theory of Disruption and the Eclipse of American Power
― Platform Disruption Wave: A New Theory of Disruption and the Eclipse of American Power
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