Tuesday, 22 of May of 2012

Category » Technological Advancements

Reinvent the Wheel & Prosper!

How many times have you heard, “Don’t reinvent the wheel”? Why is it then that the U.S. Patent and Trademark Office (USPTO) has issued over 30,000 wheel patents since 1790? Moreover, as patent attorney, Lawrence Ebert, indicates, they’re approving about three hundred new ones a year. However, even Lawrence doesn’t tell the whole story.

You see, he only quoted figures from Patent Class 295 (Railway Wheels and Axles) and Class 301 (Land Vehicles: Wheels & Axles). He didn’t include wheels from Class D21 (Games, Toys, and Sports Equipment) which includes the following:

  • Subclass 375: Roulette wheels
  • Subclass 175-177: Steering wheels
  • Subclass 204-213: Toy wheels
  • Subclass 458: Pinwheel
  • Subclass 477: Toys with steering wheels
  • Subclass 543: Paddle wheels
  • Subclass 779: Skating wheels for roller skates and skateboards
  • Subclass 667: Fly Wheels
  • Subclass 763: Rollers
  • Subclass 563: Wheels for toy vehicles
  • Subclass 829: Ferris wheel

Furthermore, he didn’t include Class 472 which contains crank wheels such as those powering our bicycles. He also didn’t include pulleys which fall under Class 474 and various kinds of tires (Class 152) and wheels that fit around other wheels (Class D12)

Now, just imagine if no one “reinvented the wheel.” We wouldn’t have all these wonderful wheels not to mention many folks wouldn’t have jobs and businesses. In short, many people wouldn’t be making the money they’re making now. Technological advancement has come because we like to reinvent things, always making them better and more adaptable to a need.

So, when people say, “Don’t reinvent the wheel,” take them up on the challenge and show them how you can make the “wheel” better and more profitable. Don’t let their lack of creativity chain your creativity and innovativeness to the ground.

 


Entering the Golden Age of Women in Business

If you have a son and a daughter both under college age, odds are greater that she will become CEO of a Fortune 500 company. As I was writing my book, The Feminine Influence in Business (more), in 2003 and 2004, I made this prediction to friends:

Within the next generation or two, more women will be Fortune 500 CEO’s than men.

After eight years, I’m only concerned that I was too conservative. The recent appointment of Virginia Rometty as new CEO of IBM has prompted me to revisit this prediction. However, despite what articles such as “The End of Men” and “The Rise of Women in the Creative Class” say, I believe deeper, more fundamental forces are at work:

The nature of work that is remaining for humans to do falls more within the talents, attributes and skills of women than of men.

That is because technological advancements more easily replace the logical, rational functions of humans than the intuitive, relational ones. Since men tend to be more dominant in the former and women the latter, computers will more easily replace men than women.

In this blog, we already explored the need for more relational skills to manage a more creative, innovative and adaptive workforce. Moreover, as much as we try to systematize and quantify creativity and innovation, that only takes us so far. Many times we need intuition to fill in the gaps. There is a reason why we say, “woman’s intuition” rather than “man’s intuition.”

Yes, many other forces are at work such as more women receiving advanced degrees, more diverse family options and more women in the workforce. But, underneath it all is this current: technology is producing a workplace more favorable to women than to men.

 


The Silent Revolution: Understanding Ourselves

As I had mentioned in The Rise of Intuition, the biggest advancement we’ll see in the next five to fifteen years will not be in biotechnology, cloud computing, medical treatments, alternative energy, personal computing devices or any other tangible technology. It will be in understanding ourselves as human beings.

Technology and new research methodologies are fueling this revolution. In these previous posts, I highlighted what these methodologies are showing about what influences us:

Now, in the October 29, 2011 issue of The Economist, the article, “Mind-goggling,” tells of four different technologies capable of reading our minds:

While the readings are crude today, work is rapidly progressing. Remember the medical tricorder Doctor McCoy used in Star Trek to scan bodies? Even as fantastic as that was, Spock still had to read minds via a mind meld. Now, imagine if McCoy had a brain tricorder capable of reading thoughts.

These technological advances are going to revolutionize our understanding of how we work. Early returns show an increasing amount of complex brain activity occurring on a subconscious level beyond the classical reflexive functions. This will directly challenge our concept of free will (more) as I have written earlier.

Amazingly, this revolution is silently flying under our radars and continuously fails to garner the hype of the other advancements I mentioned. Of course, this may be fitting since the revolution will likely uncover many thoughts and emotions that live outside of our consciousness.

 


Correlation: High Testosterone and Poor Risk Assessment

When I’ve written about the illusion of free will, I’ve focused on the advancement of technology and research methodologies to uncover subconscious thought patterns. However, these advancements are also discovering a connection between chemical reactions and some of our emotions.

In the September 24, 2011 issue of The Economist, the article, “Rogue Hormones,” reports on the research of John Coates, a  neuroscientist from Cambridge University. His research of derivative traders showed that when they “are on a winning streak their testosterone levels surge, sparking such euphoria that they underestimate risk.” This biochemical process produces extremely “powerful emotions” encouraging traders to “go crazy.”

This helps to explain why we often learn more from our failures than our successes and why success can deliver us to a state of hubris, an exalted arrogance that can corrupt our decision-making processes. Such biochemical processes help explain why such exuberance can infect many people to think and act similarly without communicating with each other while each is believing he is responding of his own free will. Thus, such events as financial bubbles and housing bubbles can occur on a broad scale.

A way to mitigate this effect is to diversify your workforce to include many types of personalities in decision-making positions. For instance, the article concluded that hiring women, who generally have about 10% as much testosterone as men, could help offset “irrational exuberance.” Experience can also help especially if it contains crises brought about by excessive risk taking. Moreover, even from strictly a gender perspective, not all men will experience the same increases in testosterone levels from success making them prone to erroneous risk assessments.

Of course, it’s not easy to manage a diverse workforce.

 


Positive Thinking as Myth

I’ve seen positive thinking do much harm to some folks; if they can’t keep their smiley face on, they feel they’re failing. Moreover, if they fail and don’t know why, they begin to question their attitude thus compounding their problems. Too many times looking at why they can’t do something is declared negativity by their friends, colleagues and family. However, these “negative” thoughts can spurn motivation, preparation and problem solving.

I came upon an excellent article by Scott O. Lilienfeld and Hal Arkowitz in the May/June 2011 issue of Scientific American Mind titled, “Can Positive Thinking Be Negative?” They summarize research on positive thinking from many angles by concluding that many of the benefits pushed by the self-help movement are tenuous. In one, they declare:

Pessimists were less prone to depression than were optimists after experiencing negative events such as a friend’s death.

Optimists, especially when bolstered by success, can suffer from overconfidence and Pollyannaism, creating financial and business difficulties. They are also less likely to take corrective action because their optimism is a breeding ground for complacency. We see this in something as non-business as losing weight.

Recently, improved technology and research methodologies have taught us that biology and our subconscious influence us far more than we ever thought. “Who we are” is different than “who we think we are” so positive thinking’s influence is temporary at best. That is why it requires constant maintenance very much like a sandcastle does on a beach; we need to address the underlying biological and emotional elements of our being in order to find a more permanent and natural solution.

Optimism and pessimism work best together. One without the other produces a rosy picture on one hand and a bleak one on the other.

 


When Best Technology Isn’t Best

Sometimes we become enamored with technology for its own sake, automatically assuming that the most advanced technology delivers the best. Since the U.S. military tends to be at the fore of technological implementation, observing how strategies and tactics change with technology can be instructive.

Such is the case found in the article, “Air Power on the Cheap,” from the December 11th, 2010 issue of The Economist which discusses the advantages militaries are discovering with less costly, propeller-drive planes over jet fighters and armed drones:

XXXXX

  • Cheaper to build, fly and maintain
  • Greater operational independence; no need for highly technical staffs and systems in support
  • Greater reliability and flexibility in assessing targets and minimizing collateral damage

I’ve been fascinated by businesses who succeed with low-tech approaches. They tend to be smaller ones involving tremendous customization, high technology costs to scale the product and markets with relatively small potential. Consequently, it ensures that businesses, especially larger ones, can’t justify the technological investment to drive out smaller competitors.

Translating these needs to a business, we could say the best technology isn’t best when it:

  • Costs too much to install, run, maintain and upgrade
  • Requires too much training to learn and too much skill to support
  • Cannot assess situations better or more flexibly than humans
  • Generates returns inferior to low-tech alternatives
  • Narrows product and service delivery options too much in situations requiring an integrated, highly customized, multi-faceted approach better served by various low-tech alternatives

The article is a case-study for these points. Furthermore, its examples can trigger insights into how they apply to a specific business.


The Rise of Intuition

The other day a colleague forwarded this link to the BNET blog speaking to intuition. Embedded in it was a link to an article that appeared in Psychology Today back in November 1, 2002. It provided early insight into the scientific advancements into the study of intuition.

Whenever I speak to people individually or collectively about interpersonal skills for disciplines such as sales, management, leadership and influencing, I emphasize that the most dramatic advancements we’ll see in the next 5-15 years will not be in areas such as biotechnology, nanotechnology, communications or even sensors but rather in how we understand ourselves, especially our decision making and knowledge acquisition abilities.

Increasingly, science is finding – as the Psychology Today article noted back in 2002 – that we make decisions and acquire knowledge before we are consciously aware of them. Yes, there are problems with trusting intuition unquestionably; however, there are problems with doing the same with the most well reasoned and supported scientific findings. You cannot make decisions by facts and figures alone. There will always be unknowns; intuition helps here.

The key is integrating both intuitive and cognitive functions. The danger we face now as the article implied is that we are generally living under the illusion that our decisions are largely conscious (cognitive) ones. We are prejudice in thinking our consciences are in control. Of course, this control calms our insecurities; control is often analogous to safety and security. In reality, many factors beneath our radar influence our feelings and thoughts. They encourage us to choose rationales to justify our wants.

Thus, every one of our decisions has emotions influencing it no matter how rationale and scientifically supported we believe they are.