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Do Trying Times Spawn Innovation?

Posted May 01, 2009 9:07 AM

Hewlett-Packard rose out of the Great Depression, while Apple and Microsoft got their start in the bleak days of the early '70s. Now, futurists featured in Business Week predict a spurt of innovation resulting from the current economic slump. Among the most active areas: biofuels, nanotech, renewable technology, and even fresh approaches to finance and insurance. Do you agree that we'll see a burst of new ideas — and where will they come from?

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#1

Re: Do Trying Times Spawn Innovation?

05/02/2009 6:50 AM

The common thread between HP, Apple, Microsoft, and thousands of other companies large and small that arose in those difficult times is that they were started by people with a vision, passion for their business, and a willingness to work hard and do whatever it took to succeed. Today we have the government picking the winners and losers, rewarding failure, and punishing achievement with confiscatory tax rates and regulations to effect social engineering objectives. People like Hewlitt, Packard, Gates, Jobs, and Wozniak are all considered to be the problem today - they stole their wealth from the people "who rightfully own it." So given that climate - where's the incentive to innovate? Where's the reward that justifies the risk?

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Guru

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#2

Re: Do Trying Times Spawn Innovation?

05/02/2009 12:46 PM

The futuristic view seems to be factual.Innovations emerge effectively at times of hardships,a challenging situaton that humanity has to come out from or solving technical issues bothering humanity.Innovations are triggered under a pressurized need, compulsion,a commitment to prove/solve an issue on hand -of course a genuiene faith and goodwill guided by optimism and unbiased scientific approah are key factors of success.Dedicated innovators are self driven and target focussed.Hence the situation is an apt time for sprawning of innovations.The success stories are expected in the areas of RENEWABLE ENERGY,AUTOMOBILE,MARINE TRANSPORTATION,GENETICS,FOOD PRODUCTION,COMMUNICATION AND NEW ELECTRONIC DEVICES AND OF COURSE SOFTWARE.Whatever be the situation ,the younger generations need motivation and guidance towards handling their furure situations with confidence and fluency.Education should kindle creativity and guts to face situations ,promote true understanding and originality.

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#3

Re: Do Trying Times Spawn Innovation?

05/02/2009 2:08 PM

Another common thread with Gates, Hewlett, Packard, Wozniak and the like- they did not chase after the "hot" technologies of their day. Hewlett and Packard built their empire on test equipment. When Gates and Wozniak and others started their empires, there were very few "futurists" looking at personal computers as a technology of the future. The same can be said of the Internet and many other innovations over the past few years. If you are looking for the next break-through technology, don't look where the government is throwing money. Government investment is the best way to significantly slow down a development. Don't pay a whole lot of attention to the "futurists". Look in the corners where very little attention is being addressed by the media, the back rooms and garages around Stanford, MIT, Texas A&M (OK, maybe that last one is a bit of a stretch...). Biofuels, nanotech, renewable technology- none of these are likely to generate significant social impact, because the government is investing. Finance and Insurance, now- that's another ball game. They are going to have to get really creative to circumvent new rules in order to create the next bubble...

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Guru

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Re: Do Trying Times Spawn Innovation?

05/04/2009 9:18 AM

Governments are major sponsorers of mega funds aiming to get certain issues/alternates solved.Well the people who are working on research ,bear responsibilty to deliver results.More over major inventions hail from perseverent,result oriented,totally dedicated,responsible individuals-a sense of self motivation and an acheivement drive being the backing force.Whether govrnment/private ,innovation promotion needs involvement of solution providers,the right human factors and a mutually complementing team spirit for positive result oriented innovation deliveries.Time frames and periodic evaluation procedures can be decisive factors to judge the worth of continuation of a particular research activity.Research-the inevitable social act to face future, we can't dispense it.

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