In economics, Pareto optimality is when no individual can be better off without making someone else worse off. Here’s how you can apply it to sustainable product innovation.
Technology tends to have a remarkably short half-life. New innovations are made almost on a daily basis. So how do you protect yourself against the time decay of tech? Well, you focus on something else — taste.
Back during the tech boom of the 2000s, there was a saying going around that the market would be carried by internet firms so far that the Dow Jones Industrial Average would go from 10,000 to 30,000 in the span of a few years. Of course, the subsequent bust crushed that dream. But here weContinue reading “Dow 30,000”
When the internet became big, everything changed. Fundamentally everything we did — learning, writing, communicating, finances, business, science — became changed. In many ways, convenience exponentially grew. So, here comes another question: is something similar to this already coming up again on the horizon?
I’ve been spending a lot of time as of late trying to determine patterns within successful products that I’ve seen, and I think I’ve finally found one that summarizes each of them pretty well. It’s quite simple, but I think there’s a lot of nuance to be developed here that would set this up toContinue reading “The Most Important Indicator on Why a Company Succeeds”