http://www.whatsbubbling.com/2007/11/01/learning-to-tinker/ innovation for a better world Wed, 07 Jan 2009 09:45:30 +0000 http://wordpress.org/?v=2.5.1 http://www.whatsbubbling.com/2007/11/01/learning-to-tinker/#comment-974 Ali Mon, 19 Nov 2007 23:38:26 +0000 http://www.whatsbubbling.com/2007/11/01/learning-to-tinker/#comment-974 Totally agree with what you are saying - but I think more and more there is pressure on people to make short term gains. In business its all about IRR and where the next dividend or equity return is coming from. Even in politics its all about survival and doing the best you can in the shortest time frame possible to get re-elected. Until incentives and aims are rebalanced, the type of strategy you suggest and what would be optimal - is difficult to implement. The current business enviroment although may lead to short term gains, also leads to longer term instability, volatility, lack of investment in innovation / R&D and a lack of dissembling and discarding as Schumpeter may put it.... Totally agree with what you are saying - but I think more and more there is pressure on people to make short term gains. In business its all about IRR and where the next dividend or equity return is coming from. Even in politics its all about survival and doing the best you can in the shortest time frame possible to get re-elected. Until incentives and aims are rebalanced, the type of strategy you suggest and what would be optimal - is difficult to implement. The current business enviroment although may lead to short term gains, also leads to longer term instability, volatility, lack of investment in innovation / R&D and a lack of dissembling and discarding as Schumpeter may put it….

]]>