Saturday, November 15, 2014

Welcome To Age Of Failure

Adam Davidson likes to come up with "big ideas".  He argues that we are just moving into the age of computers and an increase in the rate of innovation.  An increase in the rate of innovation provides the seeds for an increase in the rate of failure.  He contrasts the era into which we are moving with the era of the corporation which provided more stability.  The goal of the corporation was to get as much revenue and profit out of existing products which would be gradually updated over time.  The stock market also spread the risk of failure among large numbers of investors.  Secure corporations were also able to provide secure jobs.  According to Davidson the era of the secure corporation is giving way to an era of innovation and failure.  Everyone will have to be more innovative and society will have to find ways to reduce the risk of failure.

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