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January 17, 2013 11:36 pm GMT
“I worry that something has gone seriously wrong with the way we run companies,” warns Google’s CEO, Larry Page, about companies who focus on the competition. “How exciting is it to come to work if the best you can do is trounce some other company that does roughly the same thing? Thats why most companies decay slowly over time.” Page’s fascinating interview with Wired is a comprehensive look at why Google spends millions on moonshot innovations, encourages all of its employees to innovate, and how the media may have created a false narrative for the tech industry. Page sums up his approach in this nugget of a rant: “I worry that something has gone seriously wrong with the way we run companies. If you read the media coverage of our company, or of the technology industry in general, its always about the competition. The stories are written as if they are covering a sporting event. But its hard to find actual examples of really amazing things that happened solely due to competition. How exciting is it to come to work if the best you can do is trounce some other company that does roughly the same thing? Thats why most companies decay slowly over time. They tend to do approximately what they did before, with a few minor changes. Its natural for people to want to work on things that they know arent going to fail. But incremental improvement is guaranteed to be obsolete over time. Especially in technology, where you know theres going to be non-incremental change. So a big part of my job is to get people focused on things that are not just incremental. Take Gmail. When we released that, we were a search companyit was a leap for us to put out an email product, let alone one that gave users 100 times as much storage as they could get anywhere else. That is not something that would have happened naturally if we had been focusing on incremental improvements.” The opening shot set up Page to justify Google’s “crazy” R&D investments like driver-less cars and Google Glass. The industry buzzword for this approach is the “abundance mentality,” the belief that there’s more to be gained by focusing on innovation rather than narrowly out-performing the competition. At its core, it presumes we don’t live in a world of scarce resources–or, at the very least, aren’t even close
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/RcbBEey0mhw/
The Mind Of Google: Why Larry Page Argues That Thinking About Competition Is Silly
“I worry that something has gone seriously wrong with the way we run companies,” warns Google’s CEO, Larry Page, about companies who focus on the competition. “How exciting is it to come to work if the best you can do is trounce some other company that does roughly the same thing? Thats why most companies decay slowly over time.” Page’s fascinating interview with Wired is a comprehensive look at why Google spends millions on moonshot innovations, encourages all of its employees to innovate, and how the media may have created a false narrative for the tech industry. Page sums up his approach in this nugget of a rant: “I worry that something has gone seriously wrong with the way we run companies. If you read the media coverage of our company, or of the technology industry in general, its always about the competition. The stories are written as if they are covering a sporting event. But its hard to find actual examples of really amazing things that happened solely due to competition. How exciting is it to come to work if the best you can do is trounce some other company that does roughly the same thing? Thats why most companies decay slowly over time. They tend to do approximately what they did before, with a few minor changes. Its natural for people to want to work on things that they know arent going to fail. But incremental improvement is guaranteed to be obsolete over time. Especially in technology, where you know theres going to be non-incremental change. So a big part of my job is to get people focused on things that are not just incremental. Take Gmail. When we released that, we were a search companyit was a leap for us to put out an email product, let alone one that gave users 100 times as much storage as they could get anywhere else. That is not something that would have happened naturally if we had been focusing on incremental improvements.” The opening shot set up Page to justify Google’s “crazy” R&D investments like driver-less cars and Google Glass. The industry buzzword for this approach is the “abundance mentality,” the belief that there’s more to be gained by focusing on innovation rather than narrowly out-performing the competition. At its core, it presumes we don’t live in a world of scarce resources–or, at the very least, aren’t even closeOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/RcbBEey0mhw/
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