Tag: innovative

 

I just read Jill Lepore’s excellent article about disruption and innovation. She very carefully tears apart some recent trendy thinking about innovation and pretty much concludes that one cannot predict where innovation or disruptive technologies will come from and that, inevitably, any innovation or disruptive technology will pretty much find itself in the buggy whip maker position sooner or later.

 

In her article she provides a fascinating sidebar comment by noting that the term innovation used to be considered to be a somewhat negative term and in the early 20th century it was more common to call the march of mankind: Progress of mankind.

 

She describes it as follows:

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Fisheries management is an excruciatingly complex subject. The management (or mismanagement)  of fisheries can very rapidly affect the viability of the industry and has all sorts of carry on effects. Martin & Ottaway sees these effects in fishing boat accident investigations and fishing boat valuations. For example, a fishing boat value is not just tied to the market, or even to its specific trade, but can also be affected by applicable fishing licenses and fishery management methods. While fishing will always be dangerous, as can be noted at the end of this story, well designed and well managed fisheries tend to be much safer than poorly managed fisheries.

 

Improper management can result in complete vessel value collapse, as has occurred in Spain and was described in a New York Times article, while a successful management program can have many positive carry on effects.

 

Seattle Admiralty Attorney (and fellow wooden boat aficionado) Chip Jordan introduced me to an example of a program that is worthy of further consideration. It concerns the Seattle fishing schooner fleet.

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