Tag: Innovation

  • The Great Enshittening

    The Great Enshittening

    The Great Enshittening delineates a decline in tech companies’ service quality, marked by a shift from user-focused benefits to prioritizing shareholder gains, impacting user trust and market dynamics, and emerging as a notable trend in technology sector analysis.

  • Groupthink

    Groupthink

    Groupthink is a psychological dynamic in groups where the desire for harmony leads to poor decision-making, characterized by suppressed dissent and inadequate evaluation of alternatives and risks.

  • Path Dependence

    Path Dependence

    Path dependence underscores how past choices shape present outcomes, often solidifying specific trajectories. Elements like sunk costs and increasing returns further entrench these paths. Though rooted in economics, the principle illuminates patterns in political, technological, and sociological realms.

  • Institutional Entropy

    Institutional Entropy

    Institutional entropy describes the gradual decline in organizational efficiency and purpose over time. Influenced by both internal structures and external forces, the concept highlights the inevitable challenges that institutions face in maintaining order and achieving objectives.

  • Pure vs. Applied Research

    Pure vs. Applied Research

    Pure research seeks to expand fundamental knowledge, driven by curiosity, while applied research is designed to solve practical problems with immediate applications. Both are crucial for knowledge advancement and interact to inform each other.

  • Capital-Labor Ratio

    Capital-Labor Ratio

    The Capital-Labor Ratio is an economic indicator measuring the amount of capital available per worker in a firm or economy. It’s instrumental in determining productivity, wage levels, and employment. Changes in this ratio can significantly influence income distribution and economic growth.