article thumbnail

The Industrial Revolution That Never Was

Harvard Business Review

He had grown up in northwestern Germany, where his father owned mills that heated small amounts of charcoal and iron together to make steel that could be hammered and sharpened into knife blades. Their biggest customers were blacksmiths who hammered a few inches of heated iron bar into a horseshoe or a hinge.

article thumbnail

Four Major Changes in Global Prosperity

Harvard Business Review

It was Abraham Maslow who gave us that famous observation — “when the only tool you have is a hammer, everything looks like a nail.” This is driven by big technological advancements, as more and more people gain access to infrastructure vital for commerce and entrepreneurship to thrive. Here are four observations that stand out.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Big-Project Engineers Have to Deal with Too Much Red Tape

Harvard Business Review

Nineteen days later, as rescue crews grew desperate, a 24-year-old field engineer named Igor Proestakis decided to travel to the site with what he hoped was a breakthrough idea: using a particular drilling technology, called cluster hammers, to cut through the collapsed rock.

article thumbnail

How to Explore Cause and Effect Like a Data Scientist

Harvard Business Review

I’ve given passing thought to dieting, but other than a few points that have been hammered into all of us (e.g., “Too One possible explanation is that I was traveling most of those weeks. I’ve marked it and subsequent travel on the plot. I feel certain that I don’t travel because I eat too much. I simply do not know yet.

Travel 8