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Innovation Quotes

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Innovation Quotes

“In business the 80/20 principle is behind any innovation, any extra value. It is an entrepreneurial principle, a formula for value creation utilized not only by entrepreneurs, but by most managers and organizations.”

“The most powerful recent innovation in government is when states aggressively use community colleges for retraining. In Michigan, where large numbers of workers were displaced from the manufacturing industry, we created a wildly successful program: No Worker Left Behind.”

“Take a company like GM. For years, people were warning its execs that the company was too dependent on big SUVs and trucks, that it was falling behind other companies in innovation. A lack of knowledge wasn't the problem. And mothers and fathers everywhere try to warn their kids that maybe a giant tattoo isn't such a good idea. Good luck in that fight, Knowledge.”

“I think there are lots of opportunities to improve the product. When you read the press, people say, "Oh, the product needs improvement." I look at that and say, "Hey, that's an exciting thing to get behind!" Because they can improve that product. That leaves more upside from an innovation and revenue potential than you're gonna find in a lot of places. So you could say that's a downside, I see that as an opportunity.”

“What won't work - what can't work - is to act like the last years never happened, and that the survival of the [mass media] industry will be found by hiding content behind walled gardens. Instead of sticking their finger in the dike, trying to hold back the flow of innovation, companies need to ride the rapids of progress and seize the opportunities it provides.”

“The combination of moral intentionality and human innovation is a powerful force. And that's the force behind the humane economy. By embracing its tenets, we help animals, but we also advance commerce in a more sustainable, and profitable, way. I think we have every reason to believe it is the way of the future.”

“Seeing what is wrong and how it could be made right propels us into action, but in that action we often leave other people behind and don't give ourselves enough time to be present, or to stop and reflect. Leaders have to get comfortable with pausing in that uncomfortable gap.”