How Outsourcing Kills Innovation
When companies outsource their manufacturing, suppliers close or move, engineers learn different skills, local colleges drop job-training courses, and the whole ecosystem shrinks.
What's the Latest Development?
When one fisherman doubles his efforts, he doubles his catch. When the entire fishing village doubles its efforts, the fishery will be quickly depleted. Harvard Business School professors David Pisano and Willy Shih worry this is happening to the American economy—it is being depleted of its innovative spark—due to the rush to outsource manufacturing. "When companies outsource their manufacturing work, suppliers close or move, engineers learn different skills, local colleges drop some job-training courses, and the whole ecosystem shrinks."
What's the Big Idea?
What can be done to ensure that innovation and know-how remain plentiful raw materials? "In the private sector, [Pisano and Shih] argue, companies should spend more on creating products and less on marketing; articulate a credible long-term strategy to Wall Street and stick to it; accept that R&D outcomes are hard to predict; reinvigorate basic research; and add a committee dedicated to science and technology to each board of directors. For federal policy, they warn against trying to pick winners among existing companies and industries."
The way that you think about stress can actually transform the effect that it has on you – and others.
- Stress is contagious, and the higher up in an organization you are the more your stress will be noticed and felt by others.
- Kelly McGonigal teaches "Reset your mindset to reduce stress" for Big Think Edge.
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Explore a legendary philosopher's take on how society fails to prepare us for education and progress.
- Alan Watts was an instrumental figure in the 1960s counterculture revolution.
- He believed that we put too much of a focus on intangible goals for our educational and professional careers.
- Watts believed that the whole educational enterprise is a farce compared to how we should be truly living our lives.
How can we use the resources that are already on the Moon to make human exploration of the satellite as economical as possible?
If you were transported to the Moon this very instant, you would surely and rapidly die. That's because there's no atmosphere, the surface temperature varies from a roasting 130 degrees Celsius (266 F) to a bone-chilling minus 170 C (minus 274 F). If the lack of air or horrific heat or cold don't kill you then micrometeorite bombardment or solar radiation will. By all accounts, the Moon is not a hospitable place to be.
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