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    Home»Growth»The danger of believing business myths
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    The danger of believing business myths

    spicycreatortips_18q76aBy spicycreatortips_18q76aNovember 30, 2025No Comments7 Mins Read
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    The danger of believing business myths
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    There’s an outdated fable that Inuit cultures have as many as 100 phrases for snow. I keep in mind studying about it in class, and there was simply one thing fantastic about the concept folks’s perceptions will be so deeply wealthy and completely different. I assume that’s why, though it has been debunked many occasions, the story retains getting repeated. 

    There’s additionally numerous reality to the underlying idea. As anyone who has ever realized one other language or lived in a distinct tradition is aware of, folks’s perceptions differ broadly. In The WEIRDest Folks In The World, Harvard’s Joseph Henrich paperwork how necessary and fascinating these variations will be. 

    So if the Inuit snow fable highlights an necessary idea, many would argue that there’s no actual hurt in repeating it, in a lot the identical means we proceed to inform the apocryphal story of George Washington slicing down his father’s cherry tree. But reality issues. As soon as we begin degrading it, we lose our means to know what is commonly a messy and nuanced world. 

    What do you name a sq.?

    What makes the Inuit snow fable compelling is that it so viscerally illustrates how language can reveal deeper truths. For instance, in German the phrase for sq. is Platz and in neighboring Poland, it’s Plac, a phrase that’s pronounced very equally. In Russian, the phrase is Ploshchad, so once more, you may see the household resemblance.

    In Ukraine, nonetheless, which is geographically and linguistically in the midst of all these nations, the phrase for sq. is totally completely different. It’s Maidan and comes from Turkish, which provides you hints about Ukraine’s historical past with the Crimean Khanate, its historic ties to Byzantium, and many different fascinating issues. 

    Slavic languages are crammed with these fascinating historic remnants. The phrase slav comes from the identical root as “phrase” (slov). So Slavs thought-about themselves “folks of the phrase.” The phrase for German in slavic languages is “Niemiec,” which roughly interprets to “doesn’t communicate,” and exhibits how the Slavs thought-about the Germanic tribes Barbarians.

    Languages, in fact, proceed to evolve. For the reason that early Nineties, the Independence Sq. within the middle of Kyiv, the Maidan Nezalezhnosti, has been the place the place folks go to protest, particularly through the Orange Revolution in 2004 and the Revolution of Dignity in 2014. So at present, when Ukrainians say that it’s time to “go to the Maidan,” they imply it’s time to revolt.” 

    The Inuit snow fable alerts us to the potential of inspecting languages on this means and lots of would argue that we shouldn’t let the reality get in the best way of a great story. Nonetheless, as soon as we abandon reality, we begin down a troubled path. 

    The myths of Blockbuster, Kodak, and Xerox PARC

    We inform tales as a result of particular narratives can typically level to extra common rules. For instance, when pundits need to present the hazards of complacent company giants getting caught sleeping, they typically level to Blockbuster, Kodak, and Xerox. But, very like the Inuit snow fable, these tales aren’t actually true. Let’s take a look at each in flip. 

    Blockbuster is supposedly a cautionary story as a result of it ignored Netflix till it was too late. But as Gina Keating, who lined the story for years at Reuters, explains in her e book Netflixed, the video large moved comparatively rapidly and got here up with a profitable technique. The true downside was that these adjustments tanked the inventory value and the technique was reversed when CEO John Antioco left after a compensation dispute with investor Carl Icahn.

    In an analogous vein, we’re typically informed that, after inventing digital images, Kodak ignored the market. Nothing could possibly be farther from the reality. The truth is, its EasyShare line of cameras have been prime sellers. It additionally made massive investments in high quality printing for digital images. The issue was that it made most of its cash on growing movie, a enterprise that utterly disappeared.

    One other widespread fable is that Xerox didn’t commercialize the expertise developed at its Palo Alto Analysis Middle (PARC), when the truth is the laser printer developed there saved the corporate. What additionally conveniently will get neglected is that Steve Jobs was capable of get entry to the corporate’s expertise to construct the Macintosh as a result of Xerox had invested in Apple after which profited handsomely from that funding.

    I not too long ago obtained the possibility to debate every of those with Paul Nunes, who for years headed up thought management at Accenture, on Aidan McCullin’s Innovation Present and what we observed was that, in every case, the pundit model would lead you precisely the fallacious means. Blockbuster’s downside wasn’t that they ignored exterior threats, however didn’t account for inside resistance. Digital images would by no means have changed Kodak’s movie growing enterprise and Xerox PARC is definitely successful story that different corporations would do effectively to emulate. 

    Feynman’s Regulation

    Historical past is filled with courageous souls who defied the established order. Within the 1840s, Ignaz Semmelweis pioneered handwashing in hospitals, solely to be rebuked by the medical institution. Within the early twentieth century, William Coley pioneered most cancers immunotherapy, solely to be ignored. Barry Marshall was pilloried for his work that confirmed peptic ulcers have been precipitated not by stress, however by the bacterium H. pylori.

    But being contrarian doesn’t make you proper. Throughout Soviet occasions, Trofim Lysenko’s pseudoscientific agricultural theories led to crop failures and contributed to famines that killed thousands and thousands. Extra not too long ago, Robert F. Kennedy Jr.’s vaccine skepticism has coincided with a resurgence of measles.

    So how can we have interaction in wholesome skepticism of the zeitgeist with out descending into quackery? 

    The physicist Richard Feynman, one of many biggest minds of the twentieth century, affords useful steerage. He mentioned that science begins with a guess. That’s not solely allowable, however mandatory. To find one thing new, it’s good to let your thoughts roam free. Not possible, even ridiculous concepts, are how we break new floor.

    But the second step is essential: it’s important to check your concepts. Or, as Feynman put it, “If it disagrees with experiment, it’s fallacious. In that easy assertion is the important thing to science. It doesn’t make any distinction how stunning your guess is, it doesn’t matter how sensible you might be, who made the guess, or what his title is … If it disagrees with experiment, it’s fallacious. That’s all there’s to it.”

    The Narrative Fallacy

    The neuroscientist Antonio Damasio believes we encode experiences in our our bodies as somatic markers and that our feelings typically alert us to issues that our brains aren’t conscious of. One other researcher, Joseph Ledoux, reached related conclusions. He identified that our physique reacts a lot sooner than our thoughts, resembling once we leap out of the best way of an oncoming object and solely seconds later notice what occurred.

    Nobel Laureate Daniel Kahneman means that we’ve two modes of considering. The primary is emotive, intuitive, and quick. The second is rational, deliberative, and gradual. Our our bodies developed to make selections rapidly in life-or-death conditions. Our rational minds got here a lot later and don’t routinely have interaction. It takes acutely aware effort to activate the second system.

    The issue is that when one thing feels proper, people generally tend to construct tales round them. False fables like these about Blockbuster, Kodak, and Xerox, purport to show us necessary classes, however the reality is that they rob us of the chance to unlock deeper insights.

    That’s why I’ve realized to be suspicious of fine tales, particularly those who I need to be true as a result of they only really feel proper. We have to always interrogate our emotions, particularly in areas for which we shouldn’t have particular coaching or related experience. We have to perceive what precisely our feelings are alerting us to, and that requires us to interact our rational thoughts.

    That’s why, generally, it’s good to let the reality get in the best way of a great story.  

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