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One of the symptoms of an absence of innovation is the fact that you lose your jobs. Everyone else catches up with you. They can do what you do better than you or cheaper than you. And in a multinational corporate-free market enterprise, it is the company's obligation to take the factory to a place where they can make it more cheaply.

Most companies don't have the luxury of focusing exclusively on innovation. They have to innovate while stamping out zillions of widgets or processing billions of transactions.

Whole new businesses will emerge around breakthrough products as revolutionary technologies accelerate capitalism's creative destruction of slower industries.

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.

My view is that innovation has declined in the everyday processes that businesses tinker with incrementally as they try to become more productive over time.

If companies don't think systemically enough - if they try to capture too much of the value - eventually, innovation moves somewhere else.

Innovation comes from the producer - not from the customer.

Innovation is moving at a scarily fast pace.

A sustaining innovation makes better products that you can sell for better profits to your best customers.

Innovation happens because there are people out there doing and trying a lot of different things.