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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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  • Stay in touch with Best of the Best news, taken from Deb's  NINE multi-gold award winning curation streams from @Deb Nystrom, REVELN delivered once a month via email, available for free here, via REVELN Tools.


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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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....


Related posts by Deb:

   




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
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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


_________________________



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.


Other antifragile Scoops:

    

         
         

    Deb's related posts:

         

        


    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.
    Scooped by Deb Nystrom, REVELN
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    Las Vegas Points to Our Crumbling Past and a "Triumph of the Cities" Future

    Las Vegas Points to Our Crumbling Past and a "Triumph of the Cities" Future | Change Leadership Watch | Scoop.it

    The first American city of the new century is a dazzling metaphor for our collapse & may point the way to a glittering triumph of the cities.

      

    I thought I'd never want to visit Vegas.  EVER.  


    Then it turns out I'm on the panel and a facilitator for an Open Space event at a global change practitioner's conference this past April.  With that, and a fabulous 5 days in Vegas in mind, this Atlantic article resonates change.  Perhaps it will for you as well.  ~ Deb

    ___________________________

      

    "Vegas was the rest of the country, but with its foot on the gas," ~ Robert Lang, Brookings Mountain West at UNLV."

    ___________________________



    Excerpted:

      

    Recall the classic scene in Michael Lewis' "The Big Short" at a subprime mortgage conference at the Venetian hotel on the Las Vegas Strip. While being served by the very type of cocktail waitresses who had likely been given subprime loans they couldn't afford, Lewis's hero Steve Eisman discovers how insane Wall Street had gone in its love affair with subprime, and with collateralized debt obligations and credit default swaps.

      

    WE ARE ALL VEGAS

      

    ...financial industry critics have taken to calling Wall Street a giant casino.   ...The Las Vegas economy remains a basket case, with an unemployment rate of 12 percent, plus clogged bankruptcy courts and a ravaged real estate market. The American economy isn't doing much better.


    ___________________________


    And ...champagne of the good times had castor beans in it anyway.

    ___________________________

        

    Wall Street and Vegas became locked in a lover's embrace that wasn't always healthy for either. ...MGM Resorts International has $12 billion in debt; Caesars Entertainment a staggering $23 billion.

       

    "Vegas was the rest of the country, but with its foot on the gas," says Robert Lang, director of Brookings Mountain West at UNLV.


    THE NEW VEGAS


    This being America though ...Las Vegas might be coming back. There's a recognition among elites that the good old days aren't returning. (And ...champagne of the good times had castor beans in it anyway.)


    Gov. Brian Sandoval, a Republican increasingly distinct from the national party's pre-New Deal orthodoxy, unveiled an economic plan earlier this year that leans heavily on education as a way to diversify the economy into potential growth sectors beyond tourism and gambling, including health care, information technology infrastructure, renewable energy, mining, transportation, aerospace and defense.

       

    The governor's brain trust hopes the Nevada economy will look different in a couple decades, just as Denver and Dallas, the poster children of the excesses of the S&L debacle, have become innovative, prosperous and stable economies.


    Tony Hsieh, the CEO of Zappos, the big online apparel company now owned by Amazon, struggled to find workers in the Bay Area who understood the customer service mission. So in 2004, the company moved to suburban Las Vegas, where it found cheap real estate and workers, schooled in casino culture, who were familiar with the customer service ethic and the 24 hour workday.


    The company has thrived in Las Vegas, and now Hsieh ...a passionate urbanist, [is] given to handing out copies of Harvard economist Edward Glaeser's book, Triumph of the City, to anyone in shouting distance.  


    ___________________________

        

    "Downtown Las Vegas is the four minute mile."

    ___________________________


    Silicon Vegas? 


     GigaOM recently profiled five Vegas tech companies to watch, a development that would have been unheard of even two years ago. Hsieh has rented out 50 units of a downtown condo tower and turned it into a freewheeling tech and culture salon, like a college dorm for a Vegas Ted conference.

       

    ...Half of the world's population live in cities, and three-fourths will in our lifetimes, he notes.

       

    "If you can make downtown Las Vegas the most community driven and learning-focused place in America, it's like the four minute mile.


    Downtown Las Vegas is the four minute mile."


    See the full article in The Atlantic here.


    DN:  With the passage of the Detroit Institute of Arts millage by Metro Detroiters this past Tuesday keeping the museum open and accessible, Dan Gilbert's (Quicken Loans)  and others' support of Detroit, a Triumph of the Cities, may be possible in the USA.


       

        


    Deb's mothership website, REVELN Consulting.


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