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    The danger of believing business myths

    The Daily FuseBy The Daily FuseNovember 29, 2025No Comments7 Mins Read
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    There’s an outdated myth that Inuit cultures have as many as 100 phrases for snow. I keep in mind studying about it at school, and there was simply one thing great about the concept that individuals’s perceptions will be so deeply wealthy and totally different. I assume that’s why, though it has been debunked many instances, the story retains getting repeated. 

    There may be additionally lots of reality to the underlying idea. As anyone who has ever realized one other language or lived in a special tradition is aware of, individuals’s perceptions fluctuate extensively. In The WEIRDest People In The World, Harvard’s Joseph Henrich paperwork how necessary and fascinating these variations will be. 

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

    What do you name a sq.?

    What makes the Inuit snow fantasy 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, nevertheless, which is geographically and linguistically in the course of all these nations, the phrase for sq. is totally totally 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 plenty of different fascinating issues. 

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

    Languages, in fact, proceed to evolve. For the reason that early Nineteen Nineties, the Independence Sq. within the middle of Kyiv, the Maidan Nezalezhnosti, has been the place the place individuals go to protest, particularly in the course of 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 fantasy alerts us to the potential for analyzing languages on this manner and lots of would argue that we shouldn’t let the reality get in the way in which of 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 usually level to extra basic ideas. For instance, when pundits wish to present the risks of complacent company giants getting caught sleeping, they usually level to Blockbuster, Kodak, and Xerox. But, very similar to the Inuit snow fantasy, these tales aren’t actually true. Let’s have a look at every one 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 guide Netflixed, the video large moved comparatively rapidly and got here up with a profitable technique. The actual drawback was that these modifications tanked the inventory value and the technique was reversed when CEO John Antioco left after a compensation dispute with investor Carl Icahn.

    In an identical vein, we’re usually instructed that, after inventing digital images, Kodak ignored the market. Nothing may very well be farther from the reality. Actually, its EasyShare line of cameras have been high sellers. It additionally made huge investments in high quality printing for digital photographs. The issue was that it made most of its cash on creating movie, a enterprise that utterly disappeared.

    One other in style fable is that Xerox didn’t commercialize the expertise developed at its Palo Alto Research Center (PARC), when in truth the laser printer developed there saved the company. What additionally conveniently will get ignored is that Steve Jobs was in a position to 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 lately acquired the prospect to debate every of those with Paul Nunes, who for years headed up thought management at Accenture, on Aidan McCullin’s Innovation Show and what we seen was that, in every case, the pundit model would lead you precisely the unsuitable manner. Blockbuster’s drawback 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 creating enterprise and Xerox PARC is definitely successful story that different corporations would do effectively to emulate. 

    Feynman’s Legislation

    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 instances, Trofim Lysenko’s pseudoscientific agricultural theories led to crop failures and contributed to famines that killed tens of millions. Extra lately, Robert F. Kennedy Jr.’s vaccine skepticism has coincided with a resurgence of measles.

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

    The physicist Richard Feynman, one of many biggest minds of the twentieth century, presents useful steering. He stated that science begins with a guess. That’s not solely allowable, however crucial. To find one thing new, you might want to let your thoughts roam free. Unimaginable, even ridiculous concepts, are how we break new floor.

    But the second step is essential: you need to take a look at your concepts. Or, as Feynman put it, “If it disagrees with experiment, it’s unsuitable. 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 good you might be, who made the guess, or what his identify is … If it disagrees with experiment, it’s unsuitable. 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 usually 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 quicker than our thoughts, reminiscent of after we leap out of the way in which 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 sluggish. Our our bodies developed to make selections rapidly in life-or-death conditions. Our rational minds got here a lot later and don’t mechanically interact. 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 people who I wish to be true as a result of they simply really feel proper. We have to consistently interrogate our emotions, particularly in areas for which we would not have particular coaching or related experience. We have to perceive what precisely our feelings are alerting us to, and that requires us to have interaction our rational thoughts.

    That’s why, generally, you might want to let the reality get in the way in which of story.  



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