Process Engineering Renewal 2

5Non-Exhaustive List of Possible Actions in Process Engineering

Companies want to transform managers into augmented managers with the arrival of artificial intelligence, while disruption makes managers obsolete. (Maillard 2018)

A wave of scientific breakthroughs is said to explain innovation in America, Britain, Germany and France between the 1880s and 1940. But that leaves unexplained the paucity of innovation in Holland, Italy and Spain. So why should there be a presumption that the loss of innovation in America since the early 1970s is the result of a dearth of scientific breakthroughs rather than resurgence of traditional values? A values theory of history gives a better explanation of economic innovation than a science theory does. The resurgence of traditional values has brought forth a new materialism, which isn’t good for innovation, because innovation is a cerebral, intellectual thing. There’s also my point that the financial sector is short-termist. That now affects the way business is done in the heartland of America and I think these large, established corporations are hardly innovative at all. But that’s something new. There was a time when they were innovative. (Wolf 2014)

Wage growth in advanced economies is disappointing, discouraging the invention and use of labor-saving innovations. The accumulation of knowledge is in some cases a burden. The more we know, the more knowledge researchers must absorb before they can add their contribution to human knowledge ...