Innovation In Business Management


Does David Brooks *really* not know that money-driven elections and the candidate requirement of kowtowing to financial elites, corporations and big business has produced exactly the lack of creativity and innovation he bemoans?


13 2016-12-18 01:45:38 - Principia

But I thought liberal economists had discredited Marx's labor theory of value, which says economic growth comes from people? Wait a minute...if growth comes from increasing human bodies, that means technological innovation and investor management of surplus, I mean profits, isn't the driving force of growth or job creation! Oh no, I'm so confused. I thought capitalism produced value aside from human growth...oops! I just heard the microwave. Back to TV.

4 2016-10-30 23:17:57 - Jrcnyc

The purpose of capitalism is not innovation--it is to drive your competition out of business so that you can have a monopoly. If you need to innovate to do it, fine. But there are other ways to remove the competition.

2 2016-09-30 08:20:02 - Elizabeth

Maybe the conclusion taken from this article is that we should LOWER taxes in California and the US, to encourage commerce, jobs and innovation.

Of course companies are going to move operations and cash to the most economical channels. That's management's fundamental responsibility to its shareholders!

This article implies far too much culpability on the part of Apple and American tech corporations, where the fault ultimately lies with legislators who don't understand economics. If you want more income to stream through your state, maybe consider making your tax rates more competitive.

18 2016-04-17 01:24:23 - David A

"But success in business does not seem to convey any special insight into economic policy. Why?"

One thing Krugman left out: businesses typically succeed by finding a way to corner, or at least dominate, a market. Often that results from innovation, but the innovation need not make society better; it just gives them some leg up on the competition. In the end, it is often about how to get a bigger slice of the pie than the competition.

Government can sometimes work that way. It does, for example, when states race to the bottom in terms of deregulation, hoping thereby to attract more businesses. But government normally cannot succeed in the long term of trying to dominate a market. They succeed by ensuring that conditions for human flourishing (social as well as economic) exist. It is simply and fundamentally a different goal.

5 2016-02-16 00:36:26 - Alec

The phrase "changing the world" may excite us today but it is not the same as improving the world for generations to come.

In twenty years or so, Samuels et al will understand how little their "crazy amazing stuff" changed the world. For example, the light bulb is nice - and LEDs are nicer. While artificial light (starting with fire) has enabled great innovations simply by existing, it has also enabled development of great evil.

In this sense, innovation in commercial ventures is a zero-sum game.

In our system, the balancing act between regulation and innovation is constant. One protects us from the other "going wild."

When business changes its focus to profiting from creating a safer world rather than from innovation's adoption per se, regulation will be superfluous. Until then, business can expect to see "roadblocks" whenever product safety invites suspicion.

Finally, let's recall that the innovation underlying ALL digital enterprise was funded directly by the taxpaying public and created specifically to improve public safety.

6 2016-01-14 03:37:55 - jetpower

Happens surprisingly often in the Tech world as well. Engineers who are good at pitching ideas to upper management (MBA types in large companies) are often not that competent. Competent ones cannot sound as glib and confident as upper management thinks good engineers should sound.

Not typically a problem in small tech companies that are run by the key engineers themselves. Which is why much of the innovation in tech happens in startups.

There are exceptions where the founders have the wherewithal to run the company after it has grown (Steve Jobs, Larry Ellison, Bill Gates etc). These companies lose their spark once that one-of-a-kind founder leaves.

3 2015-06-19 20:24:26 - Rabinnyt

This is an interesting concept; I certainly would encourage an education that fostered innovation and creativity over one where our students only study to pass a bunch of standardized test. The only problem is, even in Finland the unemployment rate is at 8.5% - seems innovation is not a panacea.

Along with"what you can do with what you know", there is also the all important, yet dreaded networking skills - who you know you always matter more. Just look around Youtube and see all the talented musicians who have not achieve fame.

12 2015-05-27 07:37:34 - Patrick kabasele

We see these examples over and over yet why are these touted as American success stories of entrepreneurship and innovation when the moment they reach a certain level of success, the benefits of that success and innovation go elsewhere?

1 2014-12-14 06:42:09 - Deus02

Post to Innovation In Business Management (login required)

2VW to Pay $1.2 Billion to U.S. Dealers Hurt by Diesel Scandal33Demise of the Southern Democrat Is Now Nearly Complete799Inequality Is a Drag957A Scourge Is Spreading. M.T.A.’s Cure? Dude, Close Your Legs.489The Wolf Hunters of Wall Street1194Living Wages, Rarity for U.S. Fast-Food Workers, Served Up in Denmark989The Battle for New York Schools: Eva Moskowitz vs. Mayor Bill de Blasio104The Profits-Investment Disconnect580U.S. to Commit Up to 3,000 Troops to Fight Ebola in Africa245Living on Purpose409Staten Island Man Died From Chokehold During Arrest, Autopsy Finds355Poor Sanitation in India May Afflict Well-Fed Children With Malnutrition775After Losing Scottish Independence Vote, Alex Salmond Will Resign323How Billionaire Oligarchs Are Becoming Their Own Political Parties1Cambodians Gather to Pray, Offer Gifts for 'Killing Fields' Dead1338The Extraordinary Science of Addictive Junk Food108My Selfie, Myself1457Children and Guns: The Hidden Toll374A Political Crystal Ball219An Affair to Remember, Differently52Live Updates: Aftermath of Grand Jury's Decision in Michael Brown Shooting in Ferguson1511Shooting Accounts Differ as Holder Schedules Visit to Ferguson101Teenagers Stand Up to Backpage4380A Plea for Caution From Russia818How Obama Lost America334Death by Data281In Florida Student Assaults, an Added Burden on Accusers1625A Punch Is Seen, and a Player Is Out164 The Shifting Politics of Cuba Policy 2207Under Pressure, Cuomo Says Ebola Quarantines Can Be Spent at Home652Germany Fights Population Drop494Trayvon Martin Case Shadowed by Series of Police Missteps167It Takes a Mentor622House Votes to Sue Obama for Overstepping Powers597Don’t Muzzle the Clown443The Humanist Vocation192Weak Oversight, Deadly Cars163More on Sleeping Pills and Older Adults1092The Big Lie Behind Voter ID Laws 128‘Princelings’ in China Use Family Ties to Gain Riches495Doctors Denounce Cancer Drug Prices of $100,000 a Year445Let’s Reject the ‘Inevitable’530Will Portland Always Be a Retirement Community for the Young?733On Election’s Eve, G.O.P. Is Confident, but Voters Are Sour118The Building Blocks of a Good Pre-K 1031One Day in an Elevator With Obama, Then Out of a Job630Ultra-Orthodox Shun Their Own for Reporting Child Sexual Abuse290Cuomo’s Gun Law Plays Well Downstate but Alienates Upstate 999Why Are There Still So Few Women in Science?449Alice Munro Wins Nobel Prize in Literature