Thursday, August 7, 2008

Innovation


How is your company going to compete in the world? If you can't compete with low-cost labor, you have to compete with innovations. How to innovate? Here are some ideas:

  • Balance revolutionary with very useful.
  • Incorporate big and small ideas.
  • The goal of the innovator is to have a positive impact on your company, your country and yourself.
  • Innovation, like growing up, sometimes needs to get done in the midst of adversity.
  • Remember, the transistor was invented by three people, not 30,000. The laser was invented by two.
  • Innovative ideas start small.
  • Never lose sight of the actual goal of innovation: not new technology, but what new technology can deliver to us - awareness, insight, interaction. And freedom.

- Excerpted from a Fast Company interview with Jeong Kim, President, Bell Labs


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