A Quote by Joseph A. Schumpeter

Innovation is the market introduction of a technical or organisational novelty, not just its invention.

Joseph A. Schumpeter

Quote Topics

Innovation Introduction Invention Just Market Novelty Technical

Quote Author

Joseph A. Schumpeter
American - Economist
February 8, 1883 - January 8, 1950

Invention is the root of innovation. Innovation is the major force for change in the future.

Philippe Kahn

Whenever I enter a position, I have a predetermined stop. That is the only way I can sleep. I know where I'm getting out before I get in. The position size on a trade is determined by the stop, and the stop is determined on a technical basis... I never think about [stop vulnerability], because the point about a technical barrier - and I've studied the technical aspects of the market for a long time - is that the market shouldn't go there if you are right.

Bruce Kovner

The market is not an invention of capitalism. It has existed for centuries. It is an invention of civilization.

Mikhail Gorbachev

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.

James Surowiecki

It may be that the invention of the aeroplane flying-machine will be deemed to have been of less material value to the world than the discovery of Bessemer and open-hearth steel, or the perfection of the telegraph, or the introduction of new and more scientific methods in the management of our great industrial works. To us, however, the conquest of the air, to use a hackneyed phrase, is a technical triumph so dramatic and so amazing that it overshadows in importance every feat that the inventor has accomplished.

Waldemar Kaempffert

Once IBM gains control of a market sector, they almost always stop innovation. They prevent innovation from happening.

Steve Jobs

Innovation for holders of conventional wisdom is not novelty but annihilation.

Marshall McLuhan

There are three things which the public will always clamor for, sooner or later: namely, novelty, novelty, novelty.

Thomas Hood

There are three things which the public will always clamour for, sooner or later; namely: novelty, novelty, novelty.

Thomas Hood

English life is seventh-eighths below the surface, like an iceberg, and living in England for a year constitutes merely an introduction to an introduction to an introduction to it.

Margaret Halsey

A disruptive innovation is a technologically simple innovation in the form of a product, service, or business model that takes root in a tier of the market that is unattractive to the established leaders in an industry.

Clayton M. Christensen

All work and no play doesn't just make Jill and Jack dull, it kills the potential of discovery, mastery, and openness to change and flexibility and it hinders innovation and invention.

Joline Godfrey

Invention is not enough. Tesla invented the electric power we use, but he struggled to get it out to people. You have to combine both things: invention and innovation focus, plus the company that can commercialize things and get them to people.