For 100 years, Sears ran a platform economy via its Sears catalogue. People spread across vast remote regions could get information about goods & order them for delivery, greatly reducing transaction costs. Sears wasn’t selling stoves, cattle feed, or clothing so much as it was providing information & connecting people. It shut down its famous
Overconfidence sets us up for a long fall if we’re not realistic about our limitations. We all have cognitive biases that contribute to being overconfident, but these can be overcome with 6 practical methods to make more successful decisions.
While the digitally-driven economy disrupts established ways, calling for workers with a balance of hard and soft power skills, the old education system is failing to produce what employers need. There is a solution. Just like Amazon, Uber, or Airbnb, technology can cut out the middle man in paradigm-shifting ways, connecting potential employees with employer needs, and motivating learners through autonomy, relatedness, and competency.