A Quote by Geoff Mulgan
Governments that invest billions in new hardware still find it hard to accept that they might benefit just as much from systematic innovation in such things as child development or cutting crime.
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First thing we're going to do with the benefits of tax reform is we're going to invest in innovation. We're going to invest in capital, new product lines. It's going to create more manufacturing jobs and our shareholders are going to benefit, too. We're going to improve dividends, share repurchase.
The biggest challenge is that when people look at low price point products, they essentially invest less money in development, innovation, and new technology. And in order to innovate at a lower price point, and make sustainability attainable to the masses, you have to invest more. But that's counterintuitive for a lot of businesses.
Intellectual-property rules are clearly necessary to spur innovation: if every invention could be stolen, or every new drug immediately copied, few people would invest in innovation. But too much protection can strangle competition and can limit what economists call 'incremental innovation' - innovations that build, in some way, on others.
The trouble with much of the advice business gets today about the need to be more vigorously creative is that its advocates often fail to distinguish between creativity and innovation. Creativity is thinking up new things. Innovation is doing new things... The shortage is of innovators.
For every dollar spent on early child development you save $7 over the life course because children with better early child development are less likely to end up delinquent, involved in crime, unemployed and so on.
Far too many governments are cutting back on their investment in human development.
The way we're really going to grow the economy is to invest in people, to invest in innovation, to have the federal government put money in the kind of research that will create the new high-technology, biotechnology industries that will create the millions of new jobs.
Most of them benefit businesses, things like research and development tax credits. But people will also benefit, too, from things like - the earned income tax credit and the child tax credit have been made permanent. They predominantly help lower-income families.
One thing I've been doing at Baidu is running a workshop on the strategy of innovation. The idea is that innovation is not these random unpredictable acts of genius but that, instead, one can be very systematic in creating things that have never been created before.
I think the most important advice is, a person doesn't have to find out right away. It's not like their first attempt at finding a profession is the only one they're going to find. I might well have gone down other paths, and it still might have been okay. But if you find something that you love, and if it keeps deepening with each new experience, then just stay with it.
Typical tech-driven companies or hardware-driven companies always lay out the so-called roadmaps when it comes to making the new hardware. So, in other words, availability of certain technologies dictates when the company is intending to make the new hardware.
The way we're really going to grow the economy is to invest in people, to invest in innovation, to have the federal government put money in the kind of research that will create the new high-technology, bio-technology industries that will create the millions of new jobs.
Most of my colleagues go on backpacking trips when they have to do some thinking. I go to a good hardware store and head for the oiliest, dustiest corners... If they're really good, they don't hassle me. They let me wander around and think. Young hardware clerks have a lot of hubris. They think they can help you find anything... Old hardware clerks have learned the hard way that nothing in a hardware store ever gets bought for its nominal purpose. You buy something that was designed to do one thing, and you use it for another.
There are huge pain points experienced by parents. It's hard to find good child care options in one place. It's hard figure out things to do with your kids on the weekends or after school. It's hard to find iPad apps for your kids that you are confident are helping them learn vs. just being entertained.
The United States is the nation of innovation. And we have the best innovators, really, in the world. Our international property is one of our huge national economic assets. Yes, so to the extent that some are seeking to infiltrate our network, steal that information, not to have invest in the research and development that goes into innovation, that's a really big deal.
It was a strange lightness, a drifting feeling. Zero gravity. I understood that everything that once seemed solid and immovable might just float away. And that this was a truth of life, not an illusion in the grieving mind of a child. Everything that is hard and heavy in your world is made up of billions of molecules in constant motion offering the illusion of permanence. But it all tends toward breaking down and falling away. Some things just go more quickly, more surprisingly, than others.
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