Number of words: 90 Ford was still making wood propellers for the trimotor airplanes in the 1940’s, long after the trimotor plane was gone. They built the propellers and sent them to a warehouse, never to be used or seen again. There was no need for the propellers, but no one in that vast company … Read more
Number of words: 99 I don’t understand airplanes and how they fly. That probably sounds unusual coming from an executive who used to run an airline. But I’m amazed whenever I see one of United’s 747 taking off. How could that much weight possibly get so gracefully into the sky? I have always believed it … Read more
Number of words: 1,205 Leigh Van Valen was a crazy-looking evolutionary biologist who came up with a theory so crazy no academic journal would publish it. So he created his own journal, published it, and the idea eventually became accepted wisdom. Those kinds of ideas – counterintuitive, but ultimately true – are the ones worth … Read more
Number of words: 132 Unlike people on the East Coast, who all wear the same skinny jeans or pinstripe suits depending on their industry, young people in Mountain View and Palo Alto go to work wearing T-shirts. It’s a cliché that tech workers don’t care about what they wear, but if you look closely at … Read more
Number of words: 350 The airlines compete with each other, but Google stands alone. Economists use two simplified models to explain the difference: perfect competition and monopoly. “Perfect competition” is considered both the ideal and the default state in Economics 101. So called perfectly competitive markets achieve equilibrium when producer supply meets consumer demand. Every … Read more
Number of words: 1,496 Jeff Bornstein could not control his emotions. “I love this company,” began the tough-talking, hard-driving chief financial officer of one of the world’s most storied corporations. Then he broke down in tears. It was August 2017, less than a month after John Flannery, the brand-new CEO of General Electric, had taken … Read more
Number of words: 2,260 Last week, Facebook announced something interesting. It rolled out a new product called ‘Shops’. Aimed at small businesses, it helps retailers upload their product catalogue on Facebook or Instagram, and will help users purchase it directly from these platforms. Facebook has launched this in partnership with a bunch of other players, … Read more
Number of words: 3,512 Before I published The Innovator’s Dilemma, I got a call from Andrew Grove, then the chairman of Intel. He had read one of my early papers about disruptive technology, and he asked if I could talk to his direct reports and explain my research and what it implied for Intel. Excited, … Read more
Number of words: 1,266 Pestilence presents a moment of great opportunity for many businesses. Consider the speed at which contracts are put out to tender to meet extraordinary needs. Consider the ability to move goods and money without all the normal checks or legal and bureaucratic protocols. Plague is a boon for the commercial class. … Read more
Number of words: 389 Fathers were not a thing commonly possessed by members of The Tribe, but even that’s not so outright as it might appear. I know it’s a platitude about what all the interpretations call the matriarchal Negro society or culture. For one thing, it’s not unique in that respect, and for another … Read more
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