innovation

P&G used to have somebody in charge of what they called commercial innovation, which is broadly defined as selling your product in different ways, without fundamentally changing the product itself.

Rail travel is a great example of an industry that is ripe for commercial innovation.

In Germany they have the BahnCard. A 25, 50, or 100 BahnCard are... See more

The answer, I think, is what it almost always is: that inventors are simply extremely rare. People can have all the incentives, all the materials, all the mechanical skills, and even all the right general notions of how things work. As we’ve seen, even Savery himself was apparently inspired by the same ancient experiment as everyone else who worked... See more

Innovators are usually synthesizers—they synthesize everything they know and add their own personal talents, and out comes something new.

Never forget that time Mckinsey told AT&T that cell phones would be a “niche” market and it ended up costing the company $12B+. https://t.co/HMoLD5jJNe