Pure innovation is more gross than error.
Sentiment: NEGATIVE
It is the essence of innovation to fail most of the time.
Sometimes when you innovate, you make mistakes. It is best to admit them quickly, and get on with improving your other innovations.
Big companies have trouble with innovation. Innovation is about bad ideas, or ideas that look like bad ideas. That's the fundamental thing.
Innovation accelerates and compounds. Each point in front of you is bigger than anything that ever happened.
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.
Government can encourage innovation, but mainly by doing less, not doing more.
Innovation happens because there are people out there doing and trying a lot of different things.
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.
One would be forgiven for concluding that the assumed benefits of financial innovation are not all they were cracked up to be.
Innovation is serendipity, so you don't know what people will make.
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