Empowering innovations transform something that is complicated and expensive into something that is so much more simple and affordable that a much larger population can enjoy it.
Sentiment: POSITIVE
The breakthrough innovations come when the tension is greatest and the resources are most limited. That's when people are actually a lot more open to rethinking the fundamental way they do business.
Innovation happens because there are people out there doing and trying a lot of different things.
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.
An innovation is one of those things that society looks at and says, if we make this part of the way we live and work, it will change the way we live and work.
Innovation is hard. It really is. Because most people don't get it. Remember, the automobile, the airplane, the telephone, these were all considered toys at their introduction because they had no constituency. They were too new.
A sustaining innovation makes better products that you can sell for better profits to your best customers.
Innovation means change.
An innovation will get traction only if it helps people get something that they're already doing in their lives done better.
We need the next generation to be motivated and to push technological boundaries, to seek out new innovations.
Efficiency innovations arise in industries that already exist. They provide existing goods and services at much lower costs. They are not empowering. Efficiency innovators become the low cost providers within an existing framework.