• Published on

    Reading: The history of humans is the history of technology

    Over the last 18 months, I have subscribed to what seems like an increasingly eclectic range of newsfeeds, on-line magazines, blogs and podcasts. Some of the material relates directly to my governance research (OK, quite a bit does), and some of the subscriptions are pure indulgences—to take my mind off the former. I've discovered that, in reading widely, I've learnt a little about a lot of things. Interestingly, some of the "unrelated" material has actually been helpful in terms of piecing together disconnected research ideas that I've had floating around. On the flip side, several of the subscriptions have turned out to be "noise" to me, so I've cancelled them.

    One article that arrived in my Reeder application today was entitled The history of humans is the history of technology. Titles like this tend to catch my eye, if for no other reason than they are quite provocative.  I quickly discovered the article was an interview with a writer I've not heard of before—Robin Sloan. Hope Mills, the author of the article, interviewed Robin Sloan via email. Yes, via email! In her introduction Mills writes: Robin Sloan is the kind of writer/thinker you want to take out for a beer and ply with questions. About writing. About reading. About life. He is frightfully creative and incredibly open-minded. He also happens to tell really good stories. Below is our conversation, conducted over email, about stories, technology, and giving up the iPhone. 

    With an introduction like this, I was hooked. I read the article right through—twice—and have come away with much to ponder. If you can spare a few minutes over the weekend, grab yourself a coffee and read the article. It just might set you thinking as well. If it does, I'd love to hear what you got out of it.

  • Published on

    Critical thinkers: crucial to social & economic progress

    I had the privilege of attending the inaugural Gender Diversity Summit in Auckland yesterday. Approximately 90 delegates—the majority of whom were female leaders from business and academia—assembled to discuss diversity in company C-suites and board rooms. It was an interesting day, and I'm pleased I responded to the invitation to attend. The full participation of women in the senior echelons of business and governance is a topic that needs robust research, critical thought and vigorous debate, to ensure we understand what we are trying to achieve and, crucially, why. If such rigour is not applied, the outcomes of these types of initiatives will naturally reflect the wishes of the most eloquent protagonists.

    That leads me nicely to the point of this post. An opinion piece caught my eye while reading the New Zealand Herald in the cab to the Summit venue. Peter Lyons, an Economics teacher at St Peter's College in Epsom, Auckland, wrote a very good article about the important role of critical thinkers in society. Lyons asserted that corporate-speak and populist techno-babble has taken over our society, yet it does us no good. He went on to say critical thinkers are crucial to social and economic progress, because they rise above the status quo and they ask the hard questions like "why?" and "what if?".

    Lyons' article was as refreshing as it was timely. Having re-read the article a couple of times, and pondered the discussion at the Summit, I've come to realise we have a rather large blind spot in our society. We naturally drift towards conformity and populist viewpoints, lest we be ostracised by offering alternative views. Somehow, we need to overcome this tendency if our society is to grow and develop. But how? At the risk of grossly oversimplifying things, one option might be to turn to Mr Lyons' profession for help. If philosophy was reintroduced as a core subject in our high school classrooms—to teach the emerging generation how to think critically—I suspect a broader range of options would be debated and better decisions would ensue. And that can only be good for social and economic progress.

  • Published on

    Innovations, panaceas and fads

    According to a survey commissioned by accounting software firm MYOB and conducted by Colmar Brunton, New Zealand firms are slow adopters of technology. A newspaper article which summarises the research report was published today. The report contains statistics about the digital world, including cloud-computing uptake and website presence. The article suggests that NZ businesses are "off the pace", and goes on to imply that the NZ economy is weaker as a result of slow technology adoption.

    Gosh, this is heady stuff. The Internet has changed the way we live and work, and no doubt will continue to do so. But to say that an economy is weaker because uptake of the latest iterations of computing capability is slow is a big call. Businesses need to get clear about their motivations and choices. I know many SME firms that operate well (ie. very profitably) using so-called legacy computing systems. They have not embraced cloud computing (for example) because the financials and or security risks simply do not stack up for them.

    Finding new and more efficient ways of doing things is an important element in the business mix. In fact, the pursuit of sustained competitive advantage demands that we continue this quest. However, jumping on-board with a new development because everyone else is seemingly doing so is not a sufficient justification. We need to be careful to avoid the trap of seeing all innovations as panaceas. We have much to learn from history in this regard. While some innovations will prevail, many of today's so-called innovations will be re-labeled as "fads" in the future, just as we have re-labeled earlier developments. Let's keep our eyes open and our brain engaged when looking at new innovations. I suspect the economy will be better for it.

    *Declaration. I happily use a mix of cloud- and local-computing tools on a daily basis.

  • Published on

    Armstrong's fall from grace

    Grahan Dunbar summarised the views of many this morning with this directly worded piece:

    Forget the seven Tour de France victories. Forget the yellow jersey celebrations on the Champs Elysees. Forget the name that dominated the sport of cycling for so many years. As far as cycling's governing body is concerned, Lance Armstrong never existed. Once considered the greatest rider in Tour history, the American was cast out on Monday by his own sport, formally stripped of his seven titles and banned for life for his involvement in a massive doping programme that tainted all of cycling and his own reputation. "Lance Armstrong has no place in cycling and he deserves to be forgotten in cycling," said Pat McQuaid, the president of cycling's governing body. "This is a landmark day for cycling."

    Initially, I sidled with those who were slow to condemn Lance Armstrong, primarily because no direct evidence (a positive drugs test) had ever been reported. Other drugs cheats had either been caught red-handed (blooded!) with a positive test, or admitted their guilt. Not Armstrong. Either he was clean throughout, or dirty but one step ahead of the testers. I wanted to give the man the benefit of the doubt. However, on the weight of much evidence, including many affidavits from teammates who broke the code (of silence), USADA and UCI have determined Armstrong cheated. I too am now convinced. Irrespective of the politics and personal motivations (and payments?) to speak out, the circumstantial evidence provided is compelling. Armstrong cheated. Now he must face the consequences.

    But tomorrow will dawn a new day. We must move on. My hope and prayer is that professional cyclists, their minders and the sport's administrators learn from this sorry case. There is no room in any sport for cheats. Man has much to gain from competing, but only when the competition is clean and fair.
  • Published on

    Back on deck after a wonderful road trip

    Image description
    This is a quick note to let you know that I am back on deck after a wonderful road trip with my wife.  We clocked up 1200 miles (sorry, the odometer in our old car registers "miles") during our holiday in the South Island of New Zealand. Along the way, we walked, talked, sat, saw some stunning scenery and spent some time with our two sons. While I've really enjoyed the time out, my doctoral research was never far from my mind. Normal [blog] transmission will resume in the next day or two.
  • Published on

    Expecting (start-ups) to fail is dumb

    One of the joys of being a researcher is that you get to read widely. Alongside the governance and research methodology material that comes across my screen every day, I see articles about related topics like philosophy, strategic management, start-ups and leadership. 

    One particular article about start-ups and venture capital caught my eye today. The WSJ correspondent cited new research from Harvard Business School that three out of every four VC-backed companies fail to return their investor's capital. That's right, three out of four. And that's the good news. The failure rate of non-VC-backed companies is worse.

    "Venture capitalists make high-risk investments and expect some of them to fail, and entrepreneurs who raise venture capital often draw salaries". Why is this? To my arguably naive mind, expecting a business fail is just plain dumb. Why aren't VCs more discriminating? Surely, some more effort up front, to assess an opportunity more rigorously and ensure a robust strategy is selected, would make sense? Or is that akin to asking an adrenalin junkie to avoid high-risk pursuits? Perhaps it is, but more so, perhaps it's time for the VC community to adopt a less cavalier attitude with what is often other people's money in the first place. I suspect the failure rate associated with pushing unsustainable ideas would decline. And if that happened, we'd all be better off, I'm sure.