A Quote by Israel Kirzner

Innovations until now conceived by no one at all — © Israel Kirzner
Innovations until now conceived by no one at all
There are three types of innovations that affect jobs and capital: empowering innovations, sustaining innovations and efficiency innovations.
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's very dangerous to invent something in our times; ostentatious men of the other world, who are hostile to innovations, roam about angrily. To live in peace, one has to stay away from innovations and new ideas. Innovations, like trees, attract the most destructive lightnings to themselves.
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.
America is the only major country that tries to ascertain who was the first applicant to invent the product or procedure. This may seem fair, but long proceedings to determine precisely when each party conceived an idea result mostly in keeping innovations from hitting the market.
One of the fundamental issues with The Vatican is that the world changed on us. That show was conceived and written while Pope Benedict was still in charge of the Vatican, and it was conceived in a world that now would feel very dated.
The innovations are far more important because the technology itself has now way to impact the world for good until it's embedded in the business model. Innovation it's the combination of the simplifying technology and the business model.
Disruptive innovations create jobs, efficiency innovations destroy them.
Efficiency innovations are a natural part of the economic cycle, but these are the innovations that streamline process and actually reduce the number of available jobs.
We love serious technology innovations, and there is a strong bias towards large technology innovations that are sort of disruptive to the current market.
Sustaining innovations are the key to consistent performance, whereas disruptive innovations are the key to dramatic changes in power.
It is commonly believed that innovations create changes - but few ever do. Successful innovations exploit changes that have already happened.
To me, innovations are the wheel, fire, language, movable type. There are not 3 million innovations; there are 3 million inventions.
It is users that are driving the networks with innovations on top of the networks and with innovations in the devices space. This is very healthy.
To me, innovations are the wheel, fire, language, movable type. There are not 3 million innovations; there are 3 million inventions
Young players expose themselves to grave risks when they blindly imitate the innovations of masters without themselves first checking all the details and consequences of these innovations.
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