Written by: Mohammed Ghattas
A week before the exam, you are girding yourself and mustering your forces for the final assessments. Dying of boredom and humdrum, you have perceived in a bolt from the blue manner that you are ruminating about such a ceaseless, perpetual burgeoning epoch where everything is being come along by leaps and bounds and advancement is taking the lion's share. For some time, cogitation has upset the apple cart, why should I study, what will be the motive, the impetus --studying possesses only Barmecide's feasts; it will not be efficacious in making me a celebrity or devise something that can change the world. It will be a wild goose chase in making me a venerate Crichton. A cornucopia of preponderant inventions and discoveries that are the breadwinner for life was as luck would have them. Copious scientists set the Thames on fire in an extemporaneous, extempore approach.
Some luck of the draw discoveries:
For instance, Microwave was invented by the luck of the draw; in 1945, microwaves were employed in radar. One day, an American engineer Percy Spencer, a navy's specialist in Raytheon, was beside a magnetron. The magnetron is a tube that elicits microwaves; Percy realized that the piece of chocolate inside his pocket melted, albeit the room's temperature was low. He was stuck dumb. On the contrary, he did not cease; he decided on executing an experiment to corroborate that microwaves can heat things. He has utilized some corn seeds; those seeds turned into popcorn when facing the microwaves. Henceforward, this notion proceeded to enhance until it became the inured-to Microwave.
What is more, X-rays were discovered fortuitously; this discovery was denoted as a scientific medical miracle. On a languid day in his laboratory, the German scientist Wilhelm Rontgen was deploying a cathode-ray tube. Then he kept tabs on a shine, light from this tube; he covered it with a dim barrier. He leaped out of his skin by dint of the light's presence, After taking a shufti, he cast a look when this ray could penetrate the human tissues, but they did not manage to do so in bones or metals. Forthwith, he has called his wife over him. He told her to put her hand opposite to the ray; when his wife observed that, she was dazed uttering --I have seen my own death, since they could not glimpse skeletons for people except for the dead. Courtesy of that, Rontgen was the first one to award the Nobel prize for his marvelous discovery.
Matches were discovered unintentionally! When stirring some chemicals with a piece of wood in 1826, the English chemist John Walker detected that a specific material was stuck in this piece of wood. On making friction, it has ignited. This was eminently vintage and towering then since it was a prolific alternative in lighting for electricity where there was a Hobson's choice for it.
To be writ large, antibiotics were also arbitrarily found out. Alexander Fleming was not ardent of making his room tidy. In 1928, he traveled for three weeks, leaving manifold Petri dishes. When backing in harness, he stumbled upon a profusion of bacteria in the dishes. This was mundane; however, there was a dish where there was only fungus devoid of bacteria. He queried, endeavoring to tease an elucidation out. He became dubious about this fungus. He imputed that it killed the bacteria inside the dish. After examining the fungus, he lighted on penicillin, given off by the fungus. Henceforth, penicillin was the linchpin of the first antibiotic. All these are just several drops in the sea. There is a raft of other things that were ascertained by chance like plastics, anesthetics, super glue, Viagra, pacemaker, and sundry things. Those things put our fingers on myriad affairs for a better world.
Something ran through your mind and sprang to mind; should I spend all the time studying, or go doing anything scraping through stumbling something upon and make a revolution in the world? Discovery is like the goal! It transpired in seconds. Proceeding to rack your brains and put your thinking cap on this conundrum spending time in torrents, you have realized that this predicament is well-known in scientific society. Its outset was by James March when he posted a paper whose title is "Exploration and Exploitation in organizational learning." Here are some examples.
Exploitation without Exploration, or Exploration devoid of exploitation:
There was a Swedish company called Facit; they were consummate in manufacturing mechanical calculators. Moreover, there was a Japanese company that makes electronic calculators. Facit made a blunder then, which is continuing to produce the mechanical ones. Owing to that, Facit has deteriorated. It was about to bankrupt. It is ironic since Facit engineers deployed electronic calculators to authenticate the results elicited by the mechanical. Attributable to flouting keeping pace with advancement and Exploration, Facit was over. That means that exploitation is abysmal --several primitive perceptions will rest upon so form this story.
Here is another specimen. A Norwich expert talked about a company he worked for; he said that its name is Oncho search, a European biotech enterprise. There was a discovery every day in this company. It was expected that these discoveries, if utilized, would be able to diagnose and surmount heinous diseases like blood cancer. However, this company spends its money on Exploration without focusing on any number of these innovations. On account of that, its destiny was not different from Facit.
You are in a cleft stick, between the devil and the sea, Scylla, and Charybdis; on the other hand, you got the solution --making a poise amid Exploration and exploitation; getting to know how to spend your resources in each one. This may occasion mentioning one of the most famous companies in history, Nokia! Is this deriding? No, it is not. By the end of the 1980s, they decided on the telecommunication business as their field. They came along themselves until Nokia became the pioneer of erecting mobile phones in the world in 1998. It was eminently stupendous that it was paying the third of Finland's taxes.
However, deterioration was set in train since 2007 with the appearance of Apple products. In 2014, Nokia's mobile business was sold to Microsoft. This will be the end of Nokia, which is unassailable. On the contrary, they put their resources in high-end networking gear. Furthermore, it has sold a plethora of software to communication companies. It was able to earn 14 billion dollars by virtue of that in 2015. Here is Microsoft; its most famous product is windows. However, it brings just 9 percent of its profits. What about the others? Twenty-two percent of its earnings are from azure, its cloud computing services --a brand-new thing that Microsoft is not inured to. Moving to amazon, its earning does not come only from E-commerce; it makes the services of cloud computing and deals with individuals, organizations, and governments. One of its clients is Netflix, which is a competitor to amazon prime. This media investment is a utility in 18 percent of its income.
Laconically, the en passant noted companies --Nokia, Microsoft, and Amazon are capable of accustomed to this era, exploit their merits and develop them. Meanwhile, they managed to vie to catch up with this epoch of renaissance and prosperity and be part and parcel in the world's changes.
This poise amongst this business in innovative approaches, and what they are expert in is what makes them prosperous, triumphant, and thriving, along with augmenting their ability to invest in them again. Wittily, it is indispensable to exploit your erudition to survive. At the same time, you ought to explore new things to maintain survival. Indubitably, the child only explores in his life's inception, and when he grows up and has knowledge he focuses on a specific major, ergo exploitation mounts and Exploration diminishes, he must be in a crusade for searching for new things like companies, no less!
Exploration and Exploitation in Organizational Learning. (1991). Organization Science, 2(1), 71–87. https://doi.org/10.1287/orsc.2.1.71
History of Radiography. (n.d.). Retrieved July 27, 2020, from https://www.nde-ed.org/EducationResources/CommunityCollege/Radiography/Introduction/history.htm
Pollock, R., Brown, T., & Rubin, D. (2015). “Phossy Jaw” and “Bis-phossy Jaw” of the 19th and the 21st Centuries: The Diuturnity of John Walker and the Friction Match. 08(03), 262–270. https://doi.org/10.1055/s-0035-1558452