Tuesday, July 17, 2012

"Why Our Innovators Traffic in Trifles"

On a personal level I've found two viable strategies to deal with narcissists: either accepting them as they are or avoiding them altogether.
However the idea of catering to their whims intrigues me. One should be able to easily tailor a marketing plan to the narcissist's dysphoria and anhedonia.
From the Wall Street Journal:

An app for making vintage photos isn't exactly a moonshot. Are we too obsessed with 'tools of the self'?
When Facebook's Mark Zuckerberg announced in April that his company would pay $1 billion in cash and stock to buy Instagram, the deal put an exclamation mark on the shrinking ambitions of our inventors and entrepreneurs. Instagram has 13 employees and zero revenues. Its claim to fame is a free smartphone app that reformats photographs to look as if they were taken by an old Kodak Instamatic. Providing yet another means for people to fiddle with snapshots is super, but it's hardly a moonshot.

What's behind innovation's turn toward the trifling? Declinists point to several possible culprits: America's schools are broken, investors and executives have become shortsighted, taxes are too high (sapping the entrepreneurial spirit), taxes are too low (preventing the government from funding basic research). Or maybe America has just lost its mojo.

But none of these explanations is particularly compelling. In all sorts of ways, the conditions for ingenuity and enterprise have never been better, and more patents were granted last year than ever before in American history. In the past few years, companies have decoded the human genome, shrunk multipurpose computers to the size of sardine tins and built cars that can drive themselves. The Internet itself, a global computer network of mind-blowing speed, size and utility, testifies to the ability of today's engineers to perform miracles....MORE
The author was, among other things, executive editor of the Harvard Business Review.
HT: MIT's Technology Review