The lesson of the economic crisis ought to have been that there’s a lot of inherent uncertainty. Always has been and always will be. Even when we assume things are certain, or nearly certain. The problems were all caused or enabled by people having too much faith in the bets they were making, in the [...]
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Companies pay amazing amounts of money to get answers from consultants with overdeveloped confidence in their own intuition. Managers rely on focus groups—a dozen people riffing on something they know little about—to set strategies. And yet, companies won’t experiment to find evidence of the right way forward. Quote from Dan Ariely’s column in the Harvard Business Review, [...]
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Props to TechAlliance and BIOTECanada for booking Adam Bly to speak at the launch of National Biotechnology Week. I’m very grateful to have attended; I came away rejuvenated with energy and ideas… Bly made the case we need to reorient “our collective ideology, our collective imagination,” towards science — towards “Big Science.” Some of his remarks [...]
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Tim Brown of IDEO shares my curiosity: I am very interested in what new behaviors might emerge this time around and ultimately what innovations they may inspire. Will it be something to do with people changing their attitude toward saving versus spending? Will the growing uncertainty of the world encourage us to look for lives that [...]
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