Innovation Quotes - page 13
The basic hypothesis is that, while the total supply of entrepreneurs varies among societies, the productive contribution of the society's entrepreneurial activities varies much more because of their allocation between productive activities such as innovation and largely unproductive activities such as rent seeking or organized crime. This allocation is heavily influenced by the relative payoffs society offers to such activities. This implies that policy can influence the allocation of entrepreneurship more effectively than it can influence its supply. Historical evidence from ancient Rome, early China, and the Middle Ages and Renaissance in Europe is used to investigate the hypotheses.
William J. Baumol
Narayana Murthy overcame many obstacles and demonstrated that is possible to create a world-class, values-driven company in India. Through his vision and leadership Murthy sparked a wave of innovation and entrepreneurship that changed the way we view ourselves and how the world views India.
N. R. Narayana Murthy
Society will oscillate between long periods of relative stagnation in which state-protected privileges crowd out experiments in the organization of production and brief interludes in which much is destroyed before anything can be created. To perpetuate the practice of innovation, societies must replace such drastic and violent swings with a more constant liquefaction of deals and privileges. They must invent the structures that make structures easier to change.
Roberto Mangabeira Unger
Also, we need to give importance to value systems to promote innovation. We need to develop an ecosystem of innovation and technology will arrive soon. Of the 140 nations rated for innovation, India stood at a lowly 66. We need new ways of doing things and new ways of thinking. We cannot be doing the same things. Jugaad (a temporary solution) is one of them. The atmosphere itself should encourage innovation.
C. N. R. Rao
Should the United States seek so-called energy independence in an elusive effort to insulate this country from the impact of world events on the economy, or should Americans pursue the path of international engagement, seeking ways to better compete within the global market for energy? Like the Council's founders, I believe we must choose the course of greater international engagement ... The central reality is this: The global free market for energy provides the most effective means of achieving U. S. energy security by promoting resource development, enabling diversification, multiplying our supply channels, encouraging efficiency, and spurring innovation.
Rex Tillerson
As a transportation hub, agriculture leader, and home to more than half a million small businesses, Missouri is positioned to be at the cutting edge of growth and innovation in this country. But, we need the right policies to get us there and pro-growth tax cuts and regulatory reform are a critical part of that equation. I couldn't agree more with the president's call to get this done, and I look forward to working with him and my colleagues in Congress to provide much-needed tax relief for Missouri families and small businesses.
Roy Blunt
The term ‘kinship' correctly suggests the existence not only of contemporary relatives but also of ancestors. Indeed, the recent discussion of dynamic capability was prefigured historically, with a variety of terminology, in a number of sources. Perhaps the most directly relevant example among these earlier contributions is Schumpeter's discussion of the ‘routinization of innovation' (Schumpeter 1950). Schumpeter's argument presented, however, an issue that remains central in contemporary discussion of dynamic capability-the possibly problematic character of the claim that there is such a thing as ‘learned competence' for doingnew things.
Sidney G. Winter
I firmly believe that any organization, in order to survive and achieve success, must have a sound set of beliefs on which it premises all its policies and actions.
Next I believe that the most important single factor in corporate success is faithful adherence to those beliefs.
And, finally I believe if an organization is to meet the challenge of a changing world, it must be prepared to change everything about itself except those beliefs as it moves through corporate life.
Basic philosophy, spirit and drive of an organization have far more to do with its relative achievements than do technological or economic resources, organizational structure, innovation and timing...
Thomas Watson, Jr.
College has been oversold. It has been oversold to students who end up dropping out or graduating with degrees that don't help them very much in the job market. It also has been oversold to the taxpayers, who foot the bill for subsidies that do nothing to encourage innovation and economic growth.
Alex Tabarrok
