“One way to cope with the provocations of novel art is to rest firm and maintain solid standards... set by the critic's long-practiced taste and by his conviction that only those innovations will be significant which promote the established direction of advanced art.” WayLongArtNovelTasteStandardsArt IsInnovationCriticsConvictionSignificantOne WayFirmProvocationStandards Set Author:Leo Steinberg
“Management innovation is going to be the most enduring source of competitive advantage. There will be lots of rewards for firms in the vanguard.” SourceAdvantageInnovationManagementRewardsEndureFirmCompetitive AdvantageVanguard Author:Gary Hamel
“It is my firm belief that the solution to all problems lies in dialogue. Earlier, it was believed that force indicates power. Now, power must come through the strength of ideas and the effective dialogue.” IdeasProblemLyingBeliefForceSolutionsIndiaInnovationDialogueFirmFirm Beliefs Author:Narendra Modi
“Because these firms listened to their customers, invested aggressively in new technologies that would provide their customers more and better products of the sort they wanted, and because they carefully studied market trends and systematically allocated investment capital to innovations that promised the best returns, they lost their positions of leadership.” WantedLostTechnologyPositionProductsReturnInnovationInvestmentCustomersFirmTrendsNew Technology Book:The Innovator's Dilemma: When New Technologies Cause Great Firms to Fail Source: The Innovator's Dilemma: When New Technologies Cause Great Firms to Fail
“The reason why it is so difficult for existing firms to capitalize on disruptive innovations is that their processes and their business model that make them good at the existing business actually make them bad at competing for the disruption. Companies in fact are specifically organized to under-invest in disruptive innovations! This is one reason why we often suggest that companies set up separate teams or groups to commercialize disruptive innovations. When disruptive innovations have to fight with other innovations for resources, they tend to lose out.” ReasonFightingDifficultTeamInnovationFirmCompeting Author:Clayton Christensen
“I recall a conversation with the CEO of large electrical equipment MNC in which he began by asking me to guess how many innovation centres his firm had around the world. My guess was nowhere near the 160 that turned out to be the answer. Not surprisingly this CEO recognized that his firm's ability to innovate was being hampered by the huge size of their footprint which brought few benefits as it was inefficient, there was duplication across sites and competition between them. In this and most other cases, the costs of the expanded footprint outweigh the benefits.” WorldAbilityInnovationCompetitionFirmCeoElectricalFootprint Author:Yves Doz