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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.

Ultimately, innovation depends on the people with advanced skills who have the ideas, and on the business risk-takers willing to back them.

If we're building high quality companies, if the customers like the products, if the technology innovation is real, then the substance is going to win out in the end.

One of the banes of successful innovation is that companies may be so committed to innovation that they will give the innovators a lot of money to spend.

Innovation is what we're going to need for the future, and that's always been a part of the technology industry.

Innovation is this amazing intersection between someone's imagination and the reality in which they live. The problem is, many companies don't have great imagination, but their view of reality tells them that it's impossible to do what they imagine.

If you bet on Microsoft, you are not going to ask anymore, 'Hey, where is the innovation?' The challenge going forward is how do we keep up with it.

A company's best advantage should be a quality product offered at the right price. That fair competition is what drives innovation.

It's worth noting that everything - from the Internet to electric cars, genomic sequencing, mobile apps, and social media - were pioneered by startups, not existing companies.

I am sure innovation will blossom around the world, given that the Internet and mobile platforms enable innovators anywhere in the world to reach a global market with ease.