The Dangerous Trap of Experience:
How vast expertise can lead to wrong strategic decisions
"Experience is simply the name we give our mistakes."
Oscar Wilde
Experience is when we declare the path we've taken as the only right one.
We believe that it makes us wiser.
We prefer to hire experienced workers.
But experience is a double-edged sword. Experience hinders us from making good strategic decisions.
Wrong future predictions
“The cinema is little more than a fad. It's canned drama. What audiences really want to see is flesh and blood on the stage.”
It wouldn't have been surprising if we had heard these words in 1916 from an armchair expert. But Charlie Chaplin himself, the man who 56 years later received the Honorary Academy Award for 'the incalculable effect he has had in making motion pictures the art form of this century,' said them.
Here are some other remarkable quotes:
“The wireless music box has no imaginable commercial value. Who would pay for a
message sent to no one in particular?” Associates of commercial radio and television pioneer David S…