Markets, Morals and the Road Ahead: A Conversation with Nobel Laureate Professor Alvin Roth
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You can never convince a chimpanzee to give you a banana by promising him that after he dies, he will go to chimpanzee Heaven, and there receive countless bananas for his good deeds. No chimpanzee will ever believe that. Only humans believe such stories. This is why we rule the world, whereas the chimpanzees are locked up in zoos and research laboratories.
Music is woven into the fabric of the universe. As far back as Pythagoras and Kepler, scientists were writing about the fact that music was intrinsic in the planets… part of the harmonic series in sound. We also have a whole branch of knowledge called zoomusicology, which shows that an appreciation of music and sound is a part of nature, not just unique to humans.
Management that is forced into near time results and paybacks is not tuned for the sort of messages that design has to offer––those of long term customer relationships, of innovative approaches to creating desirable uniqueness.
The job of an entrepreneur or a competitive leader is to create the conditions that make your organisation the better competitive alternative. All your efforts should be directed towards marshalling and channelling resources—human and intellectual capital—towards being the best competitive alternative.
China for example, aims to increase their buying by 400,000 barrels a day in the last quarter of 2012, and will be adding over 750,000 barrels of new refining capacity. That economic engine is still turning.
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