Business & Innovation Q&A for Young Entrepreneurs & Others (April 28, 2021)
Stephen Wolfram answers questions from his viewers about business and innovation as part of an unscripted livestream series, also available on YouTube here: https://wolfr.am/youtube-sw-business-qa Questions include: How do you incentivize teams working on subcomponents of larger systems that don't directly impact p&l. - Are you optimistic about the economic future, medium, long term? - Do you think computers will ever be able to become more efficient allocators than free markets? - How would you go about mapping the EdTech industry? I know people building products, doing private equity deals, doing consulting, and teachers using products. Nobody knows what's out there! - Do you think a UBI based economy is coming soon? What are you thoughts about UBI? - How would the bot even evaluate value of the labor? seems super complicated -Why was bell labs so successful? Do you think it can be copied? - I've always wanted to know how to start an R&D lab with only starting out with ideas. For example, Xprize has a carbon capture prize. Looking at a whale's baleen. How feasible is it to have "baleen" filters on container ships that filter carbon from the oceans as the ship moves throughout the ocean. when the ships dock. filters can be swapped out and the carbon can be collected and turned into building materials or "goop" for 3d printers. just a quick thought. - Based on your experience leading a largely remote organization, how do you track and reward the value that team members contribute? - should have smashed 80% of the awards to increase the value of the 20% - How has your company evolved, relative to your expectations when you started it? And, how successful is it in achieving your goals, say out of 10? - Any thoughts on team building / a group becoming a team? - Have you had any failures after your PhD? - If we compare the UK to the US, why does the latter seem much better than the former in terms of developing business ideas from academia to industry? - Maybe time to reflect and present useful things to people, that they're not using after years&years and maybe not let them wait another 20years. - Your record keeping seems incredibly robust. Has that always been the case? What inspired its structure?