Wednesday, March 4, 2015

Top 5 Bad Predictions


Here is my list of the top 5 wrong predictions based from the slides presented in class.  My train of thought in analyzing these quotes is to not only evaluate their content based on their appropriate time period, but also on those that gave each individual quote.

1.      "This 'telephone' has too many shortcomings to  be seriously considered as a means of communication. The device is inherently of no value to us." – Western Union internal memo, 1876
·        First off, saying that the phone has no value to Western Union is just completely false.  It’s hard to imagine a context where the ability to communicate over long distance at a second’s delay would be of no value.
·        Also in looking at this quote, I am curious as to what shortcomings he is referring to here.  The only thing that I can think of is that of building the infrastructure associated with a telephone.  However, if the railroads could have been built that surely telephone wires could be as well. 
·        Bringing this quote into a present sense, Western Union would be completely wrong in the context of mobile phones as well.  While that landline phone may be obsolete in many households, nearly every American over the age of twelve knows how to operate a mobile phone.   All in all, I don’t think that this prediction could have ever been a popular thought

2.      "Reagan doesn't have that presidential look." – United Artists executive after rejecting Reagan as lead in the 1964 film The Best Man
·        Looking at the picture posted on the lecture slide, I don’t think that there was ever a more prominent presidential figure than Ronald Reagan.  With his couth, dark hair, perfect white smile, and the fact that he was a Hollywood actor just screams the face of America – which in fact what a president represents
·        Another issue I have with this statement is that topic of a ‘presidential look’ in general.  A presidential look, in my opinion, is something that can only be witnessed after a person takes office.  When a random person addresses the nation, he could take on any number of impressions.  However, when you say that a man such as Reagan takes the mic as president, he is sure to command the respect that an American president deserves

3.      "I think there is a world market for maybe five computers." – Thomas Watson, chairman of IBM, 1943
·        Looking at this sentiment in a current setting, this quote could not be any more far from the truth.  Walking around my house, I have witnessed over 15 computers in the hands of my housemates.  To say that 5 for a world market would be sufficient is absurd.  There are few things in general that would only have a world demand of 5 and I am having difficulty coming up with an example anyway.
·        Also, Watson was the Chairman of IBM at the time of this quote.  As the head of a technology firm, you would think that he would want to promote the use of computers and therefore find a segment to where he could profit in conjunction with the computer.  Everything about this quote seems off to me

4.      "The horse is here to stay but the automobile is only a novelty—a fad." – -The president of the Michigan Savings Bank advising Henry Ford's lawyer not to invest in the Ford Motor Co., 1903
·        This doesn’t make sense to me, simply because the amount of time and labor is much less in taking care of a car then a horse. 
·        Also, the rate of transportation is much faster with an automobile than a horse.  A car can carry more people as well as more cargo than the saddlebags on the side of a steed

5.      “ Television won't last because people will soon get tired of staring at a plywood box every night." – -Darryl Zanuck, movie producer, 20th Century Fox, 1946
·        First off, I think that Mr. Zanuck greatly underestimated the potential of the television.  From this quote, it seems as though he only addresses the entertainment value of the television.  He fails to recognize the potential of the news media, sports industry, and even the possibility of broadcasting movies on TV
·        I think this quote was in direct fear of the television.  Zanuck possibly feared that if people had a television in their household, they would be discouraged in going out to the cinema.  That would, in turn, hurt his business and his whole industry in general.  Either way, this prediction was more than incorrect





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