Drs. Tellis and Sood (USC and Emery University, respectively) discuss the need for management to choose and back the â€œrightâ€ technology to grow their business. [Please note this link is NOT their technical article, but one more easily read and digested.] Their premise is that management often fails to discern among different levels of technology (and, therefore, miss the boat); it believes in the orderly path for technology development (as opposed to random path); and, management feels Â that consumer taste is directed by whim (but, the authors correctly state this is untrue- consumers are motivated by existing innovation and changes).
I am going write about an institution that is the butt of many of our jokes.Â I, too, have many problems with the institution since moving to Northern Virginia; until that event, I loved the institution.Â But, once I opened an office on Princess Street and the postman decided to skip our office delivery three or more times a week (â€œsince we are the only building on that street portion), my admiration for the institution dissipated- immediately.Â But, that is not the point of this missive.
We’ve worked with our clients for years to discern the differences between a problem and a paradox. It’s a critical function for leaders. Problem solving methodology involves defining the issues, investigating its causes, developing solutions, and implementing the best choice. The object is to maintain control of the issue. Unfortunately, that is not so straightforward for paradoxes. There are no correct answers. We can’t use the methodology for problem solving; rather one must blend the competing tendencies together and not succumb to one pole or the other. Should the leader fail to manage the paradox, the long-term viability of the enterprise is at risk.
Last Thursday, the Pew Research Center, released a report entitled”How the Great Recession Has Changed Life in America”. According to this research, we have just undergone a major change (as one would suspect from its title) on our outlook on life. One point not mentioned: our children our going to have to find new methods of finding jobs- including working for firms in other countries (unless we finally band together as a nation and GROW our country).
I first blogged about dopamine on 1 June. Now, there’s more research demonstrating other aspects of our lives that it affects. However, some of the researchers were not looking at the issues from a dopamine point of view. [Their loss is my gain- or yours in your quest for knowledge.]
Americans pay a steep price for “brand name” drugs, yet our generics are among the cheapest in the world. But, we also have know that our very same “brand name” drugs are cheaper when purchased almost anywhere else in the world. As the internet (some of us really were around when it began- when you had to know a series of what seem like arcane numbers to reach your destination) grew and got simpler, we found that we could buy those drugs for less money than we could from our local pharmacy. But should we?
For the last two decades, Americans have been taking statins, among the most widely used drugs in the world, with the aim of getting their cholesterol numbers down to target levels. Right now, some 24 million Americans are prescribed statins at a cost of some $ 14 billion annually. Statins are considered useful therapy because they block liver enzymes that produce cholesterol; there may be ancillary actions from taking statins, as well.