Tuesday, September 16, 2008

Blog Commentary: Week 3

Seth Godin: In search of value

Indeed, the stock market is in quite of a slump this week, with Wall Street seeing a sharp drop, AIG Auto Insurance in need of $40 billion to survive, and the government takeover of Freddie Mac and Fannie Mae. However, one thing that my Global Studies professor mentioned on the topic is that this sort of activity can actually turn out to be a good thing, in a way, for particular groups of people. Houses will be much more affordable for buyers and ironically enough will lead to a great deal of jobs for Finance majors who will be needed to oversee the mass amount of financial activity in suffering companies.


In my personal opinion, the fact of having something like interchangeable logos (or interchangeable anything) is ultimately no excuse for relying on another factor that will make you "different" among your competition. Of course, you will want a logo that is "welcoming" to consumers, but having several aspects of your company relatively original can never go wrong.

Seth Godin: The small-minded vision of the technology elite

It's interesting to see in retrospect the very limited outlook of someone once so prominent in the computer industry like Ken Olsen, and how reaching beyond that outlook can greatly expand the prosperity of such an industry. I'm sure nobody really foresaw a company like Apple becoming such a dominant force in the industry as it is.


I wouldn't necessarily say that innovation caused the crisis on Wall Street, but rather the inadequate testing of the new "innovative" practices by those businesses that caused it, as Nussbaum mentioned. This is the biggest keypoint of trying anything new, especially from a technological standpoint; to actually test it and evaluate it before actually putting it to practice and releasing it to the public. It's like if McDonald's shelled out frozen beef on their hamburgers...they have to be properly prepared for consumption.

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