HERE'S A FRESH contrarian view that looks at the symbolic impact of the death of Apple's Steve Jobs. (Economist, "Steve Jobs and America's decline.") The passing of fabled innovator Jobs could foreshadow the demise of America's global leadership in technology, contends the Economist. Not the death of U.S. innovation, but the end of our long-running dominance for more than a century. The Economist writes:
"Of course, it would be foolish to count out Apple, much less an entire economy, because of one man’s death. (But Apple's) success long ago decoupled from that of the broader economy. Written on the back of my iPod are the words, “Designed by Apple in California, Assembled in China.” It was classic Jobs: reframing an issue, the outsourcing of American manufacturing jobs, as something inspirational rather than discouraging . . . .
"American global business leadership used to be personified by the likes of General Motors, Caterpillar, General Electric and Eastman Kodak. As they lost market share to foreign competitors, shifted employment overseas or flirted with bankruptcy, the focus turned to technology companies like Cisco Systems, Microsoft and Hewlett Packard (which have suffered layoffs and shrinking stock-market value) . . . .
"Americans' entrepreneurial self-esteem is now embodied by Apple, Google, Facebook and Amazon. These are indeed fabulously innovative companies with world-beating business models. Yet one wonders if they are increasingly the exception, not the rule, and if the passing of Mr Jobs is simply the most prominent example of a broader decline in American entrepreneurship . . . . "
My questions: In the coming years, will a new breed of global business visionaries emerge to carry innovation to the next stage, to benefit everyone? Will innovation beyond Silicon Valley -- in the sciences; biotechnology; business services; health care; energy, defense, chemicals, auto manufacturing -- be enough to sustain a more diverse U.S. economy this century? And can U.S.-born innovators and entrepreneurs grow their companies globally, while staying faithful to our economy, our workforce and our nation?
CoolGlobalBiz, October 10, 2011