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Posts Tagged ‘efficiency

“Efficiency is doing things right; effectiveness is doing the right things.”*…

 

Feed-Efficiency-4a

Eliminating waste sounds like a reasonable goal. Why would we not want managers to strive for an ever-more-efficient use of resources? Yet as I will argue, an excessive focus on efficiency can produce startlingly negative effects, to the extent that superefficient businesses create the potential for social disorder. This happens because the rewards arising from efficiency get more and more unequal as that efficiency improves, creating a high degree of specialization and conferring an ever-growing market power on the most-efficient competitors. The resulting business environment is extremely risky, with high returns going to an increasingly limited number of companies and people—an outcome that is clearly unsustainable. The remedy, I believe, is for business, government, and education to focus more strongly on a less immediate source of competitive advantage: resilience. This may reduce the short-term gains from efficiency but will produce a more stable and equitable business environment in the long run…

Roger Martin‘s eloquent argument for a longer-term perspective and for robustness as a primary goal: “The High Price of Efficiency.”

[image above: source]

* Peter Drucker

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As we take the long view, we might recall that it was on this date in 2000 that Alan Greenspan was nominated for his fourth term as Chairman of the Federal Reserve.  An accolyte of Ayn Rand, he oversaw an “easy money” Fed that, many suggest, was a leading cause of the dotcom bubble (which began later that year) and the subprime mortgage crisis, (which led to the Great Recession, and which occurred within a year of his departure from the Fed).

220px-Alan_Greenspan_color_photo_portrait source

 

Written by LW

January 4, 2019 at 1:01 am

“No problem can be solved from the same level of consciousness that created it”*…

 

Kick at the rock, Sam Johnson, break your bones:

But cloudy, cloudy is the stuff of stones.

– Richard Wilbur

Materialism holds the high ground these days in debates over that most ultimate of scientific questions: the nature of consciousness. When tackling the problem of mind and brain, many prominent researchers advocate for a universe fully reducible to matter. ‘Of course you are nothing but the activity of your neurons,’ they proclaim. That position seems reasonable and sober in light of neuroscience’s advances, with brilliant images of brains lighting up like Christmas trees while test subjects eat apples, watch movies or dream. And aren’t all the underlying physical laws already known?

From this seemly hard-nosed vantage, the problem of consciousness seems to be just one of wiring, as the American physicist Michio Kaku argued in The Future of the Mind (2014). In the very public version of the debate over consciousness, those who advocate that understanding the mind might require something other than a ‘nothing but matter’ position are often painted as victims of wishful thinking, imprecise reasoning or, worst of all, an adherence to a mystical ‘woo.’

It’s hard not to feel the intuitional weight of today’s metaphysical sobriety. Like Pickett’s Charge up the hill at Gettysburg, who wants to argue with the superior position of those armed with ever more precise fMRIs, EEGs and the other material artefacts of the materialist position? There is, however, a significant weakness hiding in the imposing-looking materialist redoubt. It is as simple as it is undeniable: after more than a century of profound explorations into the subatomic world, our best theory for how matter behaves still tells us very little about what matter is. Materialists appeal to physics to explain the mind, but in modern physics the particles that make up a brain remain, in many ways, as mysterious as consciousness itself…

The closer you look, the more the materialist explanation of consciousness (and physics) appears to rest on shaky metaphysical ground: “Minding matter.”

Pair with the two parts of Tim Park‘s conversation with Riccardo Manzotti: “Am I the Apple?” and  “The Mind in the Whirlwind.”

For dessert, “Atom, Archetype, and the Invention of Synchronicity: How Iconic Psychiatrist Carl Jung and Nobel-Winning Physicist Wolfgang Pauli Bridged Mind and Matter.”

* Albert Einstein, riffing on his friend Kurt Gödel

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As we think about thinking, we might spare a thought for Frederick Winslow Taylor; he died on this date in 1915.  An engineer and inventor (42 patents), he’s best remembered as the father of “Scientific Management,” the discipline rooted in efficiency studies and standardization.  Quoth Peter Drucker:

Frederick W. Taylor was the first man in recorded history who deemed work deserving of systematic observation and study. On Taylor’s ‘scientific management’ rests, above all, the tremendous surge of affluence in the last seventy-five years which has lifted the working masses in the developed countries well above any level recorded before, even for the well-to-do. Taylor, though the Isaac Newton (or perhaps the Archimedes) of the science of work, laid only first foundations, however. Not much has been added to them since – even though he has been dead all of sixty years.

Taylor’s work encouraged many followers (including Frank “Cheaper by the Dozen” Gilbreth) and effectively spawned the field of management consulting.  But Taylor practiced what he preached, and found time to become a champion tennis player as well:  he won the first doubles tournament (1881) in U.S. National Championships, the precursor of the U.S. Open (with partner Clarence Clark).

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