Trillion Dollar Companies

We used to not have $3T companies – Sherwood News:

In reading this nice piece my Sherwood colleagues did spotlighting the lopsided contributions of mega-tech companies to this year’s market rally, it struck me that we’ve never had three, separate three-trillion-dollar companies before.

In fact, until 2018, there were precisely zero companies with valuations that large.

It’s hard to get one’s mind around the what it even means to have a trillion-dollar capitalization, much less a three-trillion dollar market price tag. At some point the numbers become a kind of abstraction.

Dangers of the Common-Knowledge Effect

Fascinating research here on the usefulness of team decision-making versus independent decision-making based on similar variables:

As counterintuitive as it seems, increasing the number of people involved in a difficult decision will likely decrease decision-making quality. Whatever unique knowledge individuals could offer to deliberations often goes unshared or disregarded. When decision-making stakes are high, don’t let your valuable UX insights fall victim to the common-knowledge effect. Be a vigilant team facilitator to ensure that all of us are at least as smart as each of us.

Common-Knowledge Effect: A Harmful Bias in Team Decision Making:

Waiting for the gift of sound and vision

bowie76

“Because now you have designers, who instead of being encouraged to come up with their own, new, crazy ideas, are being encouraged to do the things that have been proven by the data to deliver results. A lot of times, in thriving marketplaces, a lot of ideas come from the bottom up. You see new consumer behaviors, and then you go, “Oh my gosh, look at what these kids are doing.” But as you end up with more predictable, controlled consumers, you end up with a less innovative society.”

Source: Doug Rushkoff Says Companies Should Stop Growing | FiveThirtyEight

Don’t you wonder sometimes, ’bout sound and vision?

Be weird. Be different. Don’t let your own expressions be drowned out by “what has worked in the past” or be restricted by “the data.”

Round pegs, square holes and all that.