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Dampening High-Tech Dynamism Demonstrates Need to Reignite Entrepreneurial Economy | Kauffman.org

Dampening High-Tech Dynamism Demonstrates Need to Reignite Entrepreneurial Economy | Kauffman.org | Change Leadership Watch | Scoop.it
A new white paper from the Ewing Marion Kauffman Foundation shows sustained declines in business dynamism across a wide swath of the U.S. economy, including the high-tech sector that has been critical for sparking economic growth in recent decades.

   

Click here to open a window to access the report.

    

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Deb Nystrom, REVELN's insight:

This post features the Kaufman report and ties into the previous ScoopIt by one of its co-authors explaining dynamism and its impact on the economy.  ~  D

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Rescooped by Deb Nystrom, REVELN from Black swans, risks and crisis
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Strengths from Chaos, Uncertainty, Resistance & Stress = Antifragile

Strengths from Chaos, Uncertainty, Resistance & Stress = Antifragile | Change Leadership Watch | Scoop.it

"Nassim Taleb's third book argues that we can benefit from chaos, uncertainty, resistance and stress. In an antifragile system, randomness is your best friend."


The Lebanese-American thinker Nassim Taleb argues in his new book Antifragile that there also exist things that are the exact opposite of fragile.


Things that are not merely robust [or resilient], but beyond robustness, such that accidents and chance events tend to make them better and stronger – much like a glass that becomes harder to break every time you drop it on the floor.


You see the same phenomenon in industries where the level of competition and entrepreneurship is high. The nightlife in your city gets better for every restaurant that goes bankrupt. The bankruptcy itself is a sad event, and negative for those concerned, but the overall result of bankruptcies is to improve the quality of those that survive.


Nassim Taleb’s new word for this opposite of fragility is antifragility....


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Via Philippe Vallat
Deb Nystrom, REVELN's insight:

The next post I'll be adding is how Antifragility relates to the ebb and flow in our cities and their leaders, investors in the USA.  ~  Deb

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Deb Nystrom, REVELN's comment, April 14, 2013 3:12 PM
Quite intrigued by this concept, as you already know. ~ D
Rescooped by Deb Nystrom, REVELN from Innovation & Institutions, Will it Blend?
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What Nassim Taleb Misses About Technology and Innovation

What Nassim Taleb Misses About Technology and Innovation | Change Leadership Watch | Scoop.it

"What Nassim Taleb misses about technology and innovation is that its purpose is not to entertain the delicate tastes of the chattering classes, but to improve the lives of us all.  ...What’s more, most of technology’s black swans are positive ones."


Excerpts: The Usefulness Of Useless Things


What Mr. Taleb fails to understand is that technologists are supremely aware that most of their efforts will come to nothing


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What, I wonder, would Mr. Taleb make of Edison’s 9,999th try?  

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...They are, in fact, searching out black swans (to use Mr. Taleb’s own parlance), in full knowledge that they will spend most of their time rushing up blind alleys.  


What, I wonder, would Mr. Taleb make of Edison’s 9,999th try?

The truth is that useless things often end up very useful indeed.  Modern information technology did not originate with engineers, but has its roots in an obscure academic crisis, whose major figures, such as Cantor, Frege, Russell, Wittgenstein, Gödel and others never dreamed that their work would have important practical consequences.


...What Mr. Taleb seems to miss is that these are ...people dedicated to following their dreams and willing to put their own skin in the game to do so.


What’s more, most of technology’s black swans are positive ones. 

As [Greg Satell] recently wrote in the Harvard Business Review, “Innovation is a particularly sticky problem because it so often remains undefined.”  You can’t simply focus on the technologies that are sure bets, but must take into account the entire matrix (pictured in the article, four quadrants.)

 

... the logical consequence of his argument) is that we should remain in the upper right quadrant, where both the problem and the domain are well defined and he would presumably assign the lowest value on basic research and disruptive innovation, which have no clear applicability.


Yet it is there that we break truly new ground.


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Deb Nystrom, REVELN's insight:

This is a follow-up on the "Anti-Fragile" post below.  The author discusses failure is an important part of the process leading to success, as author Greg Satell explains via the nature of innovation.  


This seems to be a worthy new perspective and critique of Taleb's work, also listed in our Innovation and Institutions curation stream.  ~  Deb

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Deb Nystrom, REVELN's curator insight, April 28, 2013 11:25 AM

I've shared news about Taleb's perspective on Change Leadership Watch. It's now paired with this innovation perspective about the place of failure! a compelling view.  ~ D

Bill LeGray's comment, April 29, 2013 11:26 AM
Good thoughts verey deeply buried within the Social Media mileau. BUT not so deep I will not try to follow the Change Leadership Watch, and other excellent Forums provided by Scoop It. In fact, while quite broad, the entire Innovatioon and Institutions stream may be worth a look now and then. Deb; "Thanks for leading the way for creativity, process changes, and obtaining "better" innovations and institutions with more properly responsive institutional outcomes."
Deb Nystrom, REVELN's comment, April 30, 2013 3:37 PM
Thanks for the comment Bill. Best to you.