A Quote by Clayton M. Christensen
The breakthrough innovations come when the tension is greatest and the resources are most limited. That's when people are actually a lot more open to rethinking the fundamental way they do business.
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Resources on the planet are limited, and limited resources can come to an end. But there are also a lot of resources that are renewable. A lot of land, for example, can be reclaimed from the encroaching deserts.
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.
I always tell people there's nothing greater than a crisis to create a breakthrough. Because that's when we breakthrough usually - most people don't proactively breakthrough - they breakthrough because they have to. And the beauty of crisis is it doesn't feel beautiful, is it melts us down. And when you're melted down you can recast your life in a new way.
My supporters and family have limited resources, very limited resources; but the FBI has the unlimited resources of the most powerful government in the world today. It's amazing that they haven't successfully had me assassinated since I have been in here. There have been plots uncovered in the past that I know of to have me killed.
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.
It is disastrous to own more of anything than you can possess, and it is one of the most fundamental laws of human nature that our power actually to possess is limited.
We never had a giant library or owned a lot of commercial characters the way most studios did. And since we didn't have a lot of internal resources, we had to find ways to be inventive and resourceful, which I think is a healthy way to run a good business.
We want to make it clear that Indiana's open for business. We want to make it clear that Hoosier hospitality is not a slogan, it's our way of life. It's the reason why people come here from around the world and they come back again and again. Because Hoosiers are the kindest, most generous, most decent people in the world.
I've actually found - especially doing my cabaret show - I'm connecting with people in a way I haven't connected with them. I've found that when you're open and honest, people respond to that, whatever you're being open and honest about. You could then, when you lay that as the groundwork, say, "Here I am. This is what I think. I come in peace." Then you're able to push out, to be able to talk about more things. And that's been a really heartening thing about my life, actually.
[Suburbia] represents, after all, the greatest misallocation of resources in the history of the world. We built it during our most affluent period of history, and in the decades to come we will be comparatively destitute collectively. In short, we will not have the resources to retrofit most of suburbia.
The right way is the greatest gratifier of human wishes ever come upon - when allowed to operate. It is as morally sound as the Golden Rule. It is the way of willing exchange, of common consent, of self-responsibility, of open opportunity. It respects the right of each to the product of his labor. It limits the police force to keeping the peace. It is the way of the free market, private property, limited government. On its banner is emblazoned Individual Liberty.
Of all the early breakthrough rock and roll artists, none is more important to the development of the music than Chuck Berry. He is its greatest songwriter, the main shaper of its instrumental voice, one of its greatest guitarists, and one of its greatest performers.
To create an open protocol which helps coordinate resources towards a common goal, the resources need to be known at some level in the same way a lot of of data on the web needs to be public for it to be traversable and useful.
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.
Certainly if the fundamental problem of society is that demands are infinite and resources are always limited, politics, not economics is the master science.
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.
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