No decision in business provides greater potential for the creation of wealth (or its destruction, come to think of it) than the choice of which innovation to back.
The world is full of people who want their ears tickled on strategies for wealth creation and protection and so-called revealed secrets to wealth creation. And there are plenty of slick 'business coaches' who are more than willing to do just that - for a fee. This is the world of the seminar guru.
We have a choice in Silicon Valley. We can either continue to exist as an island to ourselves, focused on wealth creation and innovation... or we can understand that we are in the middle of a software revolution and answer the nation's call to provide economic opportunity and technology to places left behind.
There is no greater wealth than wisdom, no greater poverty than ignorance; no greater heritage than culture and no greater support than consultation.
More than ever, a college diploma unlocks economic opportunity, provides students with a wealth of new skills and knowledge, and encourages innovation and growth. But more than ever, it also comes with a mountain of student loan debt.
If you look across the economy, if you have multiple players in an industry, you have more customization, more innovation, greater choice for consumers. The more you have consolidation, the less likely you are to invest in innovation. It becomes all about driving down cost and mass production. And that's not good for innovation in an industry.
I think innovation as a discipline needs to go back and get rethought and revived. There are so many models to talk about innovation, there are so many typologies of innovation, and you have to find a good innovation metric that truly captures the innovation performance of a company.
Self-publishing provides more freedom and control, but it also provides more risk. Publishing provides more credibility and promotion, but your vision can also get lost in the bureaucratic machinery of the business. It's a tough decision to make.
Those of us who have yet to find philanthropy may find there is a far greater reward from it than from wealth creation.
Creation and destruction are the two ends of the same moment. And everything between the creation and the next destruction is the journey of life.
The changing styles are the expression of a restless search for something which shall commend itself to our aesthetic sense; but as each innovation is subject to the selective action of the norm of conspicuous waste, the range within which innovation can take place is somewhat restricted. The innovation must not only be more beautiful, or perhaps oftener less offensive, than that which it displaces, but it must also come up to the accepted standard of expensiveness.
As long as I can remember I feel I have had this great creative and spiritual force within me that is greater than faith, greater than ambition, greater than confidence, greater than determination, greater than vision. It is all these combined. My brain becomes magnetized with this dominating force which I hold in my hand.
Thinking is hard. Making value judgments is difficult. It places you at pure creation, because there are so many times you'll have to say, "I don't know. I just don't know." Yet still you'll have to decide. And so you'll have to choose. You'll have to make an arbitrary choice. Such a choice - a decision coming from no previous personal knowledge - is called pure creation. And the individual is aware, deeply aware, that in the making of such decisions is the Self created.
Creation exists only in regard to destruction. Creation is against destruction.
I've been dedicated to the proposition that there's been no greater wealth-creation system in the history of mankind than the American free-enterprise system.
The government can destroy wealth but it cannot create wealth, which is the product of labor and management working with creation.
We form cities in order to enhance interaction, to facilitate growth, wealth creation, ideas, innovation, but in so doing, we create, from a physicist's viewpoint, entropy.