A Quote by Joseph A. Schumpeter
Innovations are changes which cannot be decomposed into infinitessimal steps.
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It is commonly believed that innovations create changes - but few ever do. Successful innovations exploit changes that have already happened.
There are three types of innovations that affect jobs and capital: empowering innovations, sustaining innovations and efficiency innovations.
Sustaining innovations are the key to consistent performance, whereas disruptive innovations are the key to dramatic changes in power.
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.
Lion sounds that have not grown from the mouse may exude naked power... but cannot convey any wisdom or understanding... The initial steps on the path to courageous speech then are the first tentative steps into the parts of us that cannot speak.
When it comes to providing aid, developing innovations, and making bold steps that change the course of history, the United States is usually on the front lines.
When it comes to providing aid, developing innovations and making bold steps that change the course of history, the United States is usually on the front lines.
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.
Innumerable changes of moods are yours, and they are uncontrolled by you. If you knew their origin, you would be able to dominate them. If you cannot localize your own changes, how can you localize that which formed you?
Empowering innovations require long-term investments, which tie up capital for years and years. So companies are using capital to create more capital, and consequently, the world is awash in capital, but the innovations we need to advance aren't there.
All the children in the school should learn the steps of everything, before they learn the thing, then they know which step they're doing better, because your voice is in certain steps and has to do most of the things that have been composed in those steps.
Disruptive innovations create jobs, efficiency innovations destroy them.
In every combustion there is disengagement of the matter of fire or of light. A body can burn only in pure air [oxygen]. There is no destruction or decomposition of pure air and the increase in weight of the body burnt is exactly equal to the weight of air destroyed or decomposed. The body burnt changes into an acid by addition of the substance that increases its weight. Pure air is a compound of the matter of fire or of light with a base. In combustion the burning body removes the base, which it attracts more strongly than does the matter of heat, which appears as flame, heat and light.
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 cannot wholly rely, as though it were Medieval times, [on the notion that] the only reality is what we see in front of us. There are germs. There are changes that are happening in our planet's ecology that are happening over such a long period of time that we cannot see the changes.
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