From 600+ conversations with the world’s leading thinkers.
All of the research we've done exploring space has now allowed small teams- with modest funds- to do what it once took entire governments to do. The design and collaborative power of an individual engineer or technologist is more powerful than it's ever been. The tasks themselves are getting more accessible too.
The fear of loss is real because it is based on perceptions of reality. It cannot be wished away by education. The idea that education can reduce resistance to innovation is often informed by the misguided view that people oppose new technologies because of ignorance. This is not the case.
At one point, while working on the rotation routine, I was watching a piece rotate on the screen. It was then that the idea struck me—the game could be played in real-time. That was the very first important 'aha' moment for Tetris.
If you really want innovation, you have to say 'no' a lot of times to what's incremental. Saying 'no' reinforces that the small stuff isn't enough.
Six years ago, I got a phone call in Boston, an investor asked me what I thought about cultured meat? ..my answer was that it's probably one of the stupidest ideas I've ever heard in my life.! And the question is, why? It's supposed to be obvious! When you take muscle cells, fat cells, or stem cells (that can become both muscle and fat), those cells don't grow very well outside of the body – they stop.
As a large company CEO, I believe one of the most critical roles is driving innovation and transformation. In fact, the CEO has to be the 'Discoverer in Chief.' Over time, a divide often forms between the discovery people and the delivery people. The language of discovery is imaginative and poetic—'imagine if,' 'what if we tried this?'—while the language of delivery is pragmatic and data-driven—'prove it to me,' 'show me the numbers.'
An object must be useful before being beautiful.
The standard models were formulated through a process that started well before computers were in place, and I would say it's undergone a certain lock-in. Once you start going down that path, it's hard to break out of it to another path. As a result, economics is stuck.
If one aspires to make a positive impact on the world, shouldn't we strive for innovative solutions, perhaps even for a disease as formidable as cancer?
However, the landscape is shifting with the advent of digital transactions. The digitisation of money movement, transitioning from cash to digital, allows for traceability. This traceability generates data, which can be analysed to inform decisions.
If you have a start-up, you start out with an idea, but in 6 months you realise 'that wasn't the right idea'. This is how truly creative companies work. Nobody can do that with EU funding because you are locked-in to your original proposal – and because of that no-one I know in the start-up world wants money from the EU.
Today, we have the tools to enable institutions to operate simultaneously at micro and macro scales. We have the tools today to allow us to get smarter faster. But we do have to learn how to do it.