I know – a catchy title for a blog, eh? It’s actually the title of a treatise by Erasmus of Rotterdam, and no, he wasn’t the Wharton grad behind the recent boom in Netherlands-based financing. Sounds like it can’t possibly have anything to do with business, after all business doesn’t appreciate folly, which by definition is:
1 : lack of good sense or normal prudence and foresight
2 a : criminally or tragically foolish actions or conduct b obsolete : evil, wickedness; especially : lewd behavior
3 : a foolish act or idea
4 : an excessively costly or unprofitable undertaking
From the Middle English folie, from Anglo-French, from fol fool.
If I was indeed praising folly, definitions 1, 3 and 4 would be red flags for those readers who come to this esteemed blog seeking tips that will ultimately make them more successful business people. Right? Isn’t that your goal, at least from 9 to 5 or whatever workaday parameters your particular career may dictate? Because if it isn’t business information-driven, it’s entertainment or some esoteric thing, and dude, there are only so many hours in a day.
Well, as Einstein said, you have all the time that there is. But then again, he never read Drucker. And what I intend to discuss, or at least rant about, is not truly folly. It may very well be treated as folly by many in the business and attendant financial communities, but it’s not truly folly. Its value may often be neglected by the majority of marketers (although never the big dogs), but it is not actually folly per se.
It is the acknowledgement that between the light-speed rapidity of technological advancement and the analytical, logic-driven business school culture of the Information Age, an unhealthy and profoundly limiting paradigm has now become dangerously obsolete, but is still being worshipped: I call it the Left Brain Only model.
In the Left Brain Only business world, all that matters are analytics, number crunching, logic systems and hard data.Continue Reading In Praise of Folly: Rantings of a Right Brain Activist