If you look historically, what creates growth and wealth is innovation and investment, and increase in scale - more customers.
Sentiment: POSITIVE
Companies that grow create wealth. This, in turn, allows people to have jobs that create more growth and more wealth. It's a virtuous cycle.
Businesses must invest in products and people in order to create new wealth.
Companies that grow for the sake of growth or that expand into areas outside their core business strategy often stumble. On the other hand, companies that build scale for the benefit of their customers and shareholders more often succeed over time.
Growing is an important part of the business, but more important than that is to get better.
As I spent tons of time with customers, not just in the United States, but in emerging markets, in Europe, in Latin America, top of mind for everybody is how do they drive growth for their business going forward.
Innovation accelerates and compounds. Each point in front of you is bigger than anything that ever happened.
Economic growth creates jobs, and countries grow when they educate their people and pursue policies that encourage households to save, existing businesses to invest, and entrepreneurs to innovate and create new markets.
As they grow, companies saturate their markets, become more complex and difficult to manage, and face larger and more entrenched competitors.
Innovation is the central issue in economic prosperity.
If you ask an economist what's driven economic growth, it's been major advances in things that mattered - the mechanization of farming, mass manufacturing, things like that. The problem is, our society is not organized around doing that.
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