Innovation and Age

Always the brilliant innovator, Thomas Edison created the collaborative process of the research laboratory in his ”graying” years.

Always the brilliant innovator, Thomas Edison created the collaborative process of the research laboratory in his ”graying” years.

An Op-ed piece in the New York Times over the weekend pointed out that most innovation comes from people of maturity — the metaphoric “gray hairs” — and that the Mark Zuckerbergs and Bill Gates of the world are the exception.
In making the point, Tom Agan, an over-50 gray hair himself, points out that the five top-grossing films and two of the best-selling authors of last year were in the 40s-50s age category. He highlights that point with the example of Nobel Prize winners. For them the process of discovery usually develops over a period of years — generally around 20.
The author’s conclusion is that businesses going for short-term savings by hiring younger, less experienced talent to replace older hands may well be short-changing themselves in the process and losing out on the benefits of innovation that develops over the longer term.

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