Google’s chief economist says executives in wired organizations need a sharper understanding of how technology empowers innovation.
“What is it that’s really scarce in the Internet economy?” And the answer is attention. [Psychologist] Herb Simon recognized this many years ago. He said, “A wealth of information creates a poverty of attention.”
Interview transcript and video published in the McKinsey Quarterly
http://www.mckinseyquarterly.com/Strategy/Innovation/Hal_Varian_on_how_the_Web_challenges_managers_2286
Manipulation, indoctrination and addiction
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They’re often related. It’s not unusual for someone to have more experience
or knowledge than we do. If they use that knowledge to their benefit, not
ours,...
He is absolutely correct. In fact, the article was too long and dry to finish......
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