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“It takes time and experience to absorb new technologies, so technologically backward producers need a period of protection from international competition during this period of learning. Such protection is costly, because the country is giving up the chance to import better and cheaper products. However, it is a price that has to be paid if it wants to develop advanced industries.”

Source: Bad Samaritans: The Guilty Secrets of Rich Nations and the Threat to Global Prosperity

“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.”

Wanted Lost Technology Position Products Return Innovation Investment Customers Firm Trends New 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

“And there are some - Bernie [Ecclestone] and others - who are embracing new technologies. When Sky UK started to broadcast there was an argument that audience would come down because it is pay TV. But the actual quality of the production and the use of technology and the engagement of the viewer is much better than it ever was. The product is simply better.”

Use Pay Quality Technology Audience Sky Tvs Products Argument Productions Engagement Viewers New Technology Use Of Technology

Author:Martin Sorrell