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I think you’re either thinking of innovation more narrowly than I am or underestimating the number of people who contribute to it. I don’t think you can attribu
by tfehring 8y ago
I think you’re either thinking of innovation more narrowly than I am or underestimating the number of people who contribute to it. I don’t think you can attribute, say, the development of a new drug to a single person in most cases. Or the implementation of a machine learning model. Or the changes that have led to massive improvements in the efficiency of clean energy in recent years. Or, if you want to really stretch the definition of “innovation,” the development of financial instruments to help investors better allocate capital and manage risk.
The list goes on, of course. But what I want to illustrate is that entrepreneurs with “a-ha” moments don’t have a monopoly on innovation. Far from it.
Now, going through that list of innovations again, what proportion of the people involved do you think have a Bachelor’s degree or more? I promise I didn’t intentionally cherry-pick at all - I suspect the pattern will hold if you come up with your own list, provided that you limit it to the last, say, 50 years. And at least in the examples I gave, the fact that the people responsible overwhelmingly have college degrees isn’t incidental, it’s a result of the fact that deep subject matter expertise is needed to push the envelope.