Issue #13.pdf

LoGeek-Mag-13-WEB.pdf
Preview of Issue #13
🔗 Source: luxoft.com
📊 Size: 2.46 MB
📄 Pages: 20 pages
⬇️ Downloads: 394

Summary

The article discusses how the traditional model of progress, which fueled the Industrial Revolution, is coming to an end. This model is based on the principle of "economies of scale," where increasing the size of operations leads to decreased per-unit costs and increased productivity. However, this model has limitations, such as market saturation and finite market size, which can prevent companies from expanding their market share and innovating. The article argues that we are now transitioning to a new paradigm, where innovation will need to adapt to new challenges and limitations. It defines innovation as technological progress, which has always been the main driver of human development, and highlights the importance of productivity as a measure of progress. The article also discusses examples of how companies have failed to expand their market share, such as the smartphone market and the Concorde supersonic plane, and how new technologies and innovations are being developed to address these challenges.

Description

The article discusses how the traditional model of progress, which fueled the Industrial Revolution, is coming to an end.

Technical Information

  • File Format: PDF
  • File Size: 2.46 MB
  • Pages: 20
  • Language: EN
  • Total Downloads: 394
  • Last Updated: 2 weeks ago

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