What to Read Next
Already a member?
Sign inNot a member?
Sign up todayMember
Free5 free articles per month, $6.95/article thereafter, free newsletter.
Subscribe
$75/YearUnlimited digital content, quarterly magazine, free newsletter, entire archive.
The term “innovation” is often viewed in a positive light. But, in an essay in the new Winter 2009 issue of the MIT Sloan Management Review, Peter Cebon of the Melbourne Business School looks at the financial crisis that occurred in the fall of 2008 as a systems accident — and, specifically, a systems accident that was fueled in part by innovations in the financial sector. Notes Cebon:
While innovation can be extraordinarily valuable, innovations, whether in genetically modified organisms or financial instruments, can contribute to systems accidents.
Comments (3)
kuklera
Shahid Atique Malik
dankeldsen