79437569
submission
hype7 writes:
The Harvard Business Review is running an article looking at the recently announced OpenAI initiative, and its decision to structure the venture as a non-profit. It goes on to ask some pretty provocative questions: why are the 21st century's greatest tech luminaries opting out of the system that made them so successful in order to tackle one of humanity's thorniest problems? And, if the underlying system that we all operate in is broken, is creating a vehicle without the profit motive inside of it going to be enough?
60882945
submission
hype7 writes:
The Harvard Business Review is running a fascinating article on how finance is increasingly abstracting itself — and the gains it makes — away from the creation of value in the real world, and how High Frequency Trading is the most extreme version of this phenomenon yet. From the article: High frequency trading is a different phenomenon from the increasing focus on short term returns by human investors. But they’re borne from a similar mindset: one in which financial returns are the priority, independent of whether they’re associated with something innovative or useful in the real world. What Lewis’s book demonstrated to me isn’t just how “bad” HFTs are per se, but rather, what happens when finance keeps walking down the path it seems to be set on — a path that involves abstracting itself from the creation of real-world value. The final destination? It will enter a world entirely of its own — a world in which it is fighting to capture value that is completely independent of whether any is created in the first place.
56648399
submission
hype7 writes:
Here's a provocative article; the VP of engineering of a Sequoia-backed startup in Silicon Valley makes the case that good engineering managers aren't just hard to find — that they basically don't exist. The crux of his argument? The best engineers get all the benefits of being leaders, but without needing to take on the rather painful duties of management. So they choose not to move up. Compare this to the engineers who aren't as strong, and use the opportunity to move up as a way to get their voice heard.
24997366
submission
hype7 writes:
With yesterday's release of the Steve Jobs biography, a raft of interesting information has come to light — including Jobs' favorite books. There's one book there listed as "profoundly moving" Jobs — the Innovator's Dilemma by innovation Professor Clayton Christensen. The Dilemma explains how in the pursuit of profit, good managers leave their companies open to disruption. There's a fascinating article over at the Harvard Business Review that explains how disruption works, and how Jobs managed to solve the dilemma by focusing Apple on products rather than profit.
