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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.”

“Synthetic Worlds is a surprisingly profound book about the social, political, and economic issues arising from the emergence of vast multiplayer games on the Internet. What Castronova has realized is that these games, where players contribute considerable labor in exchange for things they value, are not merely like real economies, they are real economies, displaying inflation, fraud, Chinese sweatshops, and some surprising in-game innovations.”

“All lives have equal value. And so you say, 'why do poor children die when other children don't? Why do some people have enough nutrition or reasonable toilets and other people don't?' So those basic needs that, through innovation, actually it's very affordable to bring them...to everyone.”

“Style is, above all, a system of forms with a quality and a meaningful expression through which the personality of the artist andthe broad outlook of a group are visible,... communicating and fixing certain values of religious, social, and moral life through the emotional suggestiveness of forms. It is, besides, a common ground against which innovations and individuality of particular works may be measured.”

“The books of jurisprudence were interesting to few, and entertaining to none: their value was connected with present use, and they sunk forever as soon as that use was superseded by the innovations of fashion, superior merit, or public authority.”

“I try to build on our management philosophy. I try to understand what the threats and opportunities are for us. Uh, I try to make sure that we're driving innovation and creative destruction hard enough so we're not blindsided, and that our attitude is to, in starting any initiative, any business, is to focus on how we can create value for others, rather than how we maximize profit, because you can make money focusing on, "How do I maximize profit?"”

“My philosophy, one of the biggest enemies of future success is past success, because you become complacent, you become risk averse, and that's one of the things we try to drive here, and this is fundamental to this philosophy, and that's in this component change, and also in value creation. That we need to drive creative destruction, not just incremental innovations, but innovations that will change the whole nature of the business.”

“The values that we share - freedom of speech, freedom of religious practice, freedom for civil society, free and fair elections, all the innovation that's been created through a market-based economy - those things are ultimately going to be the path for us to continue into a better future. I hope that, despite some of the challenges we have, that people appreciate that.”

“You could be a poet, an artist, a comedian - if you're in the culture of innovation then you embrace those who do and you're going to protect the science curriculum in the classroom because you understand the meaning and the value of it. And science discoveries don't scare you. You say, "Give me more science", not less. "Give me more technology", not less.”

“It is irrational to charge high prices for socially valuable innovations as this guarantees that they will be underutilized. It is much better to sell them at cost and then to reward the innovator in some other way. This is not always possible, because in some cases the value of an innovation is in the eye of the beholder; it's very difficult to value how much a new Madonna song is worth, for example. But in the case of medicines, green technologies and seeds in agriculture, such an alternative reward mechanism is fairly straightforward.”

“If you have a strong business idea, then it is comparatively easy now to get capital. It is a positive thing that increasingly more people want to join the startup bandwagon. However, to build a successful business, focus on creating more value through the product, and direct your efforts on solving real issues. If you manage to build a sustainable product, revenue will follow. A lot of startups fail because they concentrate on incremental innovations, increasing user base, and monetisation before strengthening the core of their business.”

“"Hypercoherence" is one of the most dangerous threats to the long-term survival of our civilization. Hypercoherence is the close efficient linkage of all parts of the world economic, communication and transport systems. It has been crucial in the spread of great innovations, the rise of world wealth, and even the dissemination of democratic concepts and ethical values and the defeat of oppressive regimes.”

“Part of the puzzle, surely, lies in the disconnect between official rhetoric and lived realities. Americans are constantly extolling “traditions”; litanies to family values are at the center of every politician’s discourse. And yet the culture of America is extremely corrosive of family life, indeed of all traditions except those redefined as “identities” that fit in the larger patterns of distinctiveness, cooperation, and openness to innovation.”

“The paramount doctrine of the economic and technological euphoria of recent decades has been that everything depends on innovation. It was understood as desirable, and even necessary, that we should go on and on from one technological innovation to the next, which would cause the economy to "grow" and make everything better and better. This of course implied at every point a hatred of the past, of all things inherited and free. All things superceded in our progress of innovations, whatever their value might have been, were discounted as of no value at all.”

“Don't underestimate the therapeutic value of gardening. It's the one area where we can all use our nascent creative talents to make a truly satisfying work of art. Every individual, with thought, patience and a large portion of help from nature, has it in them to create their own private paradise: truly a thing of beauty and a joy for ever.”

“Values cannot be speedily forgotten if it is inconvenient or commercially expedient. Values have to have meaning and longevity; otherwise they are valueless. You cannot embrace innovation up to a point or only sometimes. Branding demands commitment; commitment to continual re-invention; striking cords with people to stir their emotions; and commitment to imagination. It is easy to be cynical about such things, much harder to be successful.”

“Business isn't some disembodied bloodless enterprise. Profit is fine - a sign that the customer honors the value of what we do. But "enterprise" ( a lovely word ) is about heart. About beauty. It's about art. About people throwing themselves on the line. It's about passion and the selfless pursuit of an ideal.”

“In every company which I have done strategic planning, the number-one value people choose is always integrity. The second values may be quality of products and services, caring about people, excellent customer service, profitability , innovation, entrepreneurship, and others. But integrity always comes first.”

“The issue is Kinkade's ideology, and particularly his nostalgia; his paintings endlessly trumpet a nonexistent past when times were simpler and morality more pure. There's nothing wrong with this, but it stands at odds with a contemporary art world that looks to the future for inspiration. We value complexity and innovation, and distrust saccharine pictures of the past.”

“Ben and I built Ben & Jerry’s on the idea that business has a responsibility to the community and environment If you open up the mind, the opportunity to address both profits and social conditions are limitless. It’s a process of innovation If we were going to have a business we were going to have one that was consistent with our values We measured our success not just by how much money we made, but by how much we contributed to the community. It was a two-part bottom line.”

“For values or guiding principles to be truly effective they have to be verbs. It's not "integrity," it's "always do the right thing." It's not "innovation," it's "look at the problem from a different angle." Articulating our values as verbs gives us a clear idea - we have a clear idea of how to act in any situation.”

“Let’s summarize. What is awesomeness? Awesomeness happens when thick — real, meaningful — value is created by people who love what they do, added to insanely great stuff, and multiplied by communities who are delighted and inspired because they are authentically better off. That’s a better kind of innovation, built for 21st century economics.”

“Innovation requires us to systematically identify changes that have already occurred in a business - in demographics, in values, in technology or science - and then to look at them as opportunities. It also requires something that is most difficult for existing companies to do: to abandon rather than defend yesterday.”

“There is only one ingredient for innovation and that is the power of the human mind. As long as a company is able to attract, enable, empower and retain the best of the brightest, it will have a play. As long as the leadership of companies ensure that the physically and mentally tired mind that leaves office at whatever 7:00 pm - 8:00 pm or 9:00 pm comes back mentally and physically reenergised and enthusiastic to add significant value to the customer next morning, the job is done.”