Something if a paradox from Horace Dediu: it would appear that the market value of repeated innovation is zero due to the assumption that success can’t be repeatable. But isn’t innovation supposedly valuable?
One line of reasoning he only touches on briefly in the footnotes, but that is really at the core of the answer, is that markets do punish non-innovation. When a company is disrupted and their once successful product evaporates, the market sends plenty of strong negative signal. Which, of course, ties into the broader theme that markets reward innovation, but only after it happens and only for that product/service/company. The cost of not having an innovation engine is that your company’s longevity is tied wholly to the strength of your initial innovation.
In the vast list of changes COVID-19 has made to our everyday lives, one you may not think about often is the growing need for medical professionals or caregivers to be able to monitor patients while keeping (social) distance. Then again, maybe you do think about it. There are 40.4 million unpaid caregivers of adults …
What Apple Watch’s Patient Monitoring Means for the Future of Medicine Read More »
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