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
“What’s the catch?”
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It’s an important question. Lots of opportunities come with one, and going
in with your eyes open helps avoid problems later. Two challenges:
Sometimes, a ...
He is absolutely correct. In fact, the article was too long and dry to finish......
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