Sublime

Unlike startups, legacy companies have assets they can’t ignore and shareholders who demand profits.

The thing that at the time was on many of my colleagues’ minds as a new kind of inquiry—the kind of fashionable kick that so often appears to stimulate our intellectual life—was technological innovation, what Schumpeter called “the gale of creative destruction,” or, more simply, what happens when you change the machinery.

The point is that underlying technologies change, but, after a point, technology market shares don’t change and so they’re highly predictable.

More Complex and Better Products.

independent inventors, small invention-focused firms, and academic researchers produce a share of discoveries wildly disproportionate to the resources they apply to the task.

The president also initiated a program to identify employees who had positive disruptive ideas and working styles.

Third, industry structure is surprisingly sticky.

larger market opportunity

I told the seven executives that I had the good fortune to know a scientist working on a time viewer.