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  Home > Business/Investing > Articles
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Sam Vaknin

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Member Since: Jul, 2000

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Books
· FREE A Critique of Piketty's Capital in the Twenty-first Century [

· FREE DOWNLOAD The Death of Sex and the Demise of Monogamy

· FREE DOWNLOAD Short Fiction About Narcissism And Mental Health

· FREE DOWNLOAD Speculations and Physics

· FREE DOWNLOAD Essays on God and Freud

· FREE DOWNLOAD Macedonia: A Nation at a Crossroads

· FREE DOWNLOAD Healthcare Reform Checklist

· FREE DOWNLOAD The Facts and Fictions of the Securities Industry

· FREE DOWNLOAD Abuse, Trauma, and Torture - Their Consequences and Effects

· FREE DOWNLOAD From Alexander to Obama Narcissistic and Psychopathic Leaders


Short Stories
· Nedís Short Life

· Sexsomnia

· Fugue

· The Galatea of Cotard

· Live Burial

· Lucid Dreams

· A Dream Come True

· Anton's Trap

· The Elephant's Call

· Night Terror


Articles
· Live and Let Die: The West's Perennial Error of Picking Sides

· The Holocaust Revisited

· The Situational Codependent: Codependence as Reaction to Life Crises

· Israel in 2025

· 10 Predictions for the Coming Decade

· Narcissistic Cops: Police Brutality Explained?

· Spite and Envy: Passive-Aggressive Narcissists

· Nationalism vs. Patriotism: Narcissism vs. Self-love

· Pears Cyclopaedia 2014-5 Edition: Human Knowledge Encapsulated

· The Narcissist Loves His Narcissistic Personality Disorder


Poetry
· Her Birthday

· Hebrew Love

· My Putrid Lover

· Twinkle Star

· Synthetic Joy

· Our Love Alivid

· The Miracle of the Kisses

· Selfdream

· In Moist Propinquity

· A Hundred Children

         More poetry...
News
· FREE E-BOOK Abuse, Trauma, and Torture - Their Consequences and Effects

· FREE E-BOOK Narcissistic and Psychopathic Leaders

· FREE EBOOK The Hitler File (Excerpts)

· NEW eBOOK Excerpts from the Archives and Case Studies

· EIGHTH EDITION - Malignant Self Love - Narcissism Revisited

· NEW BOOK - After the Rain - How the West Lost the East

· NEW EBOOK Personality Disorders Revisited

Sam Vaknin, click here to update your web pages on AuthorsDen.

In the biological realms, genetic mutations ensure that the repertory of responses to constantly varying circumstances is always fresh and never depleted. Not so in the world of business where success often spells death and doom and it is failure that spurs innovation. Indeed, the successful firms of yesteryear are often forgotten: no one can name the three dominant horse whip manufacturers in the 19th century, for instance. Silent era film stars are also not household names.


 The film “The Artist” describes the waning career of a megastar of the era of silent movies when he refuses to make the transition into the epoch of “talkies” (films with sound.) He mocks the innovation and then challenges it by producing a lavish production of yet another silent epic. His inevitable downfall follows. He is reduced to pawning and auctioning off his few remaining belongings.

In the biological realms, genetic mutations ensure that the repertory of responses to constantly varying circumstances is always fresh and never depleted. Not so in the world of business where success often spells death and doom and it is failure that spurs innovation. Indeed, the successful firms of yesteryear are often forgotten: no one can name the three dominant horse whip manufacturers in the 19th century, for instance. Silent era film stars are also not household names.

Business success is due to an appealing or groundbreaking product (which generates its own market and demand), an efficient process, or a fortuitous and serendipitous set of events coupled with emerging needs. The overwhelming advantage of the first-mover guarantees that competitors (mostly imitators) are left far behind. Brand recognition, customer loyalty and intellectual property protections pose often insurmountable barriers to entry. This forces newcomers to innovate or perish.

Faced with challengers, monopolies and duopolies, or even oligopolies retrench. Why don’t these companies counter-innovate? Because they are emotionally-invested in their cash cows, their current best-selling offerings, and the managerial-organizational structures and processes they gave rise to. Fears of rocking the boat and of the unknown mingle with the haughtiness of the well-to-do and the inertia and anti-entrepreneurial culture that are the hallmarks of big business. Finally, the institutional knowledge of successful firms and their skills set are skewed in favour of existing products and processes. Lurking in the back of everyone’s mind, from the upper echelons of management to the lowliest menial labourer is the question: “As long as the money keeps pouring in – why bother to innovate? Why take chances?”

Indeed, innovation is an entirely modern concept. Up to the 19th century, innovators were penalized for daring to upset the proverbial applecart. Imitators, conservatives, and traditionalists were richly rewarded. The culture of successful companies tends to resemble this period of pre-Industrial Revolution. 

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Books by
Sam Vaknin



Free Download - Narcissism Book of Quotes

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FREE DOWNLOAD Malignant Self Love - Narcissism Revisited EXCERPTS

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The Narcissism Series





Excerpts from the Archives of the Narcissism List

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The World of the Narcissist

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Malignant Self Love - Narcissism Revisited (e-Book)

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Diary of a Narcissist

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