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That definition of innovation would apply to all the EU colonial empires. They all collapsed. Modern corporations of the US/India/China hardly last more than a
by joules77 1y ago
That definition of innovation would apply to all the EU colonial empires. They all collapsed.
Modern corporations of the US/India/China hardly last more than a 2-3 generations/business cycles. They are so hyper optimized that any change in the environment causes major trauma or collapse. They praise themselves 24x7 via marketing/ads/pr so people actually believe there is something special about them. But one tariff change/one covid virus/one interest rate hike/one regime change and what happens?
The form of innovation you talk about is seasonal. It comes and goes.
What's still standing? Since we are talking about the EU - The Vatican. There is a different kind of innovation happening there to pull that off. The chimp troupe in the EU is too distracted and mesmerized by the superficial to realize what is interesting about its own backyard.
- anovikov 1y agoWho speaks of old corporations? Besides, in EU they are exactly like that - very old, multi-generational, usually comes from "original" world-changing inventions like ball bearing (SKF) or tram (Siemens), or well, SAP :D. And for innovation, all that's needed is a class of people who are on one hand, set for life and can take risks because they always know that have something to fall back on, and on the other hand, have examples of personal self-made success close to them. All it takes is a lot of people who grabbed their bags less than two generations ago and can inspire their kids to do the same, and/or fund their peers' kids. There are plenty of those in the USA and almost none in EU.