Quotes & Sayings About Innovation In Business

Your brand exists to differentiate. "Same crap, different day" won't do it. A day that goes by without breaking some sacred branding rule is a day a brand has lost to rise above the status quo. By breaking those rules with insight, intelligent and innovation, your brand can get heard in a world that's simply too busy to listen. — David Brier

No decision in business provides greater potential for the creation of wealth (or its destruction, come to think of it) than the choice of which innovation to back. — Robert Heller

Thus the unexpected success is not just an opportunity for innovation; it demands innovation. It forces us to ask, What basic changes are now appropriate for this organization in the way it defines its business? Its technology? Its markets? If these questions are faced up to, then the unexpected success is likely to open up the most rewarding and least risky of all innovative opportunities. — Peter F. Drucker

I do think one success of Northern Europe, which the United States came from, was its willingness to accept innovation in business practices like Adam Smith and the whole Enlightenment. It essentially made the merchant class free instead of controlled by the king and aristocracy. That was essential. — James D. Watson

New product and new types of service are generated, not by asking the consumer, but by knowledge, imagination, innovation, risk, trial and error on the part of the producer, backed by enough capital to develop the product or service and to stay in business during the learn months of introduction. — W. Edwards Deming

In business, complexity both drives innovation and hinders it. — Pearl Zhu

I am very pleased with the progress of the new CBS Corporation. The Company's rapid pace of change and innovative approach to emerging business opportunities can be seen in the many strategic announcements we have made over these past few months. The more focused and more nimble organization we sought to create has become a reality and that aggressive spirit of excellence and innovation will continue to benefit shareholders for many years to come. — Sumner Redstone

Customers have a first moment when they discover your brand. If you were to look at it today with a fresh pair of eyes, in fact only through a pair of fresh customer eyes and witness your brand for the very first time, what would you see? What impression would make? Or fail to make? Would your brand blend in? Would it stand out? Would it be memorable, or the leading cause of amnesia amongst shoppers everywhere? Facing the truth of this and fixing it as needed will determine whether your brand thrives or merely stumbles along. — David Brier

I made it real clear to the business community - if your plan for innovation is to trick people, is to fool them, is not to tell them the truth about the price, then you're right: I'm going to be right in the way. — Elizabeth Warren

Do everything in your power to make customers go confidently in the direction of their purchase intention. — Laura Busche

If you're in business, all the content in the world will do you no good unless it leads to a sale. — Richie Norton

In today's saturated marketplace, you'll go nowhere selling a "bunch of features." We are in the business of disrupting the market with brands that matter. — Laura Busche

You have to free your brain to roam to places that are a little impractical, and innovation consultants have come up with some great ways to encourage that. One of my favorites comes from Legrand, who tells people in group brainstorming sessions to try to come up with the WORST possible ideas that they can think of ... Once you have a list of really, really bad suggestions - and coming up with them does force your brain to work in a different way - you try to flip them over into the positive. — Amanda Lang

The greatest challenge to most innovation centers around the world is many nations' punitive attitudes towards failure. In most of the world, if your first business fails, no one will work with you again. But, trial and error is the genesis of innovation. — Jay Samit

We live in an extraordinary time. We are caught up in a pace of social and technological change that makes our work, our business and education, sources of anxiety and unfulfillment. Thinking about our thinking and observing our observations can bring us a new world in which work becomes a place for innovation, and in which peace, wisdom, friendship, companionship and community can exist. Let us design this world together. — Fernando Flores

Today, the forces of competition, technology, and globalization have converged to spur innovation and to transform the way business is done in the securities industry. — Arthur Levitt

You have to train people how to be business innovators. If you don't train them, the quality of the ideas that you get in an innovation marketplace is not likely to be high. — Gary Hamel

In an era of transparency, you can have innovation without branding, but you cannot have branding without innovation. — Martin Sorrell

The acceleration of the marketing process, the concentrating of manufacturing, greater diversification, increased international competition, have in turn speeded up product improvements, product innovations and new product introductions. The stakes are high, the failures costly. — Tom Sutton

He belonged to the old school of country gentlemen, ruling his estate with semi-benevolent tyranny and turning his back on all symptoms of social innovation. Under his domination the Packlestone country had been looked after on feudal system lines. His method of dealing with epistolary complaints from discontented farmers was to ignore them; in verbal intercourse he bulled them and sent them about their business with a good round oath. Such people, he firmly believed, were put there by Providence to touch their hats and do as they were told by their betters ... And as such he continued beyond his eightieth year, until he fell into a fish-pond on his estate and was buried by the parson whose existence he had spurned by his arrogance. — Siegfried Sassoon

The only hope for social networking sites from a business point of view is for a magic formula to appear in which some method of violating privacy and dignity becomes acceptable. — Jaron Lanier

When it comes to innovation, business has much to learn from design. The philosophy in design shops is, 'try it, prototype it, and improve it'. — Roger Martin

The US Debt is the single biggest threat I see to innovation in American business. — Erskine Bowles

Our government is pleased to welcome MANA to Ontario, and were thrilled to announce renewed steel production and workers back on the job in Hamilton. Global leaders such as MANA choose to invest in Ontario because of our competitive business environment, skilled workforce and focus on innovation. — Sandra Pupatello

Everyone loves the idea of "disruption" in business, but no one likes it when it happens to them. — Richie Norton

Brands play in an exciting sandbox of symbolic meanings. — Laura Busche

The genius of capitalism lies in its ability to make self-interest serve the wider interest. The potential of a big financial return for innovation unleashes a broad set of talented people in pursuit of many different discoveries. This system, driven by self-interest, is responsible for the incredible innovations that have improved so many lives. — Bill Gates

If you are realistic about how our present society works, the economic clout - and a lot of the political clout, frankly - is in the business sector. And it's the locus of innovation. — Peter Senge

People who say "it's just business" are lying. It's a deceptive and manipulative tactic used by weak minds. Anyone who has ever run or been in business knows that a business will fail if the relationships are not healthy. Business is the business of relationships. That is all. — Richie Norton

This is about putting education absolutely in the centre of enterprise and then using the traditions of Birmingham to inspire and grow. If you have knowledge and business linked together you will grow well, you go further down the innovative path and actually you create more and more jobs. Those jobs will only be available for people with skills but they will be real sustainable employments. That is how important innovation is. — Digby Jones, Baron Jones Of Birmingham

Energy and environmental regulation, transportation, and broadband policy all benefit when legislators have a basic grounding in the technical concepts behind business models, products, and innovation. — John Sununu

Innovation requires us to systematically identify changes that have already occurred in a business - in demographics, in values, in technology or science - and then to look at them as opportunities. It also requires something that is most difficult for existing companies to do: to abandon rather than defend yesterday. — Peter Drucker

What is innovation if not our ticket to every business interest in the world? It's the ticket to solving the world's problems - the energy problems, the pollution problems, the global warming problems. If it isn't for science and engineering, how will we compete in the new world? — David Pogue

Innovation Games let customers engage other centers of their brain, resulting in richer, deeper, and more meaningful exchanges of information — Luke Hohmann

People learn best and fastest from making their own mistakes and fixing them. It's painful to watch a child flounder, but in the long run children become more resilient and resourceful if they have to deal with failure once in a while. One of the biggest fears of today's business strategists is that we are producing a coddled workforce of straight "A" students who are afraid to go out on a limb for fear they'll fall. American innovation was born out of metaphorical scraped knees and bloody noses. A generation that's been told they shouldn't even touch a doorknob without applying antibacterial hand sanitizer may not have the rough and tumble qualities needed to compete in a global dog-eat-dog economy. — Lynne C. Lancaster

Who are we, and how do we relate this idea in a way that's meaningful to our customers and the values they hold dear?

In other words, one must define something meaningful. To do that, one must identify to whom this must be meaningful. — David Brier

A Manifesto for Introverts
1. There's a word for 'people who are in their heads too much': thinkers.
2. Solitude is a catalyst for innovation.
3. The next generation of quiet kids can and must be raised to know their own strengths.
4. Sometimes it helps to be a pretend extrovert. There will always be time to be quiet later.
5. But in the long run, staying true to your temperament is key to finding work you love and work that matters.
6. One genuine new relationship is worth a fistful of business cards.
7. It's OK to cross the street to avoid making small talk.
8. 'Quiet leadership' is not an oxymoron.
9. Love is essential; gregariousness is optional.
10. 'In a gentle way, you can shake the world.' -Mahatma Gandhi — Susan Cain

College does not equal job security. Entrepreneurship does not equal job security. For heaven's sake, "job security" does not equal job security. So what do you do? Don't be a one-trick pony. Add real value in everything you do. But most of all, study and apply business models. No matter what discipline you come from. Learn how to add value so that value can flow in the form of money to you. That, my friends, is job security. Learn where money comes from and you'll know where to turn when life throws a curve. — Richie Norton

In the same way that you're driven in your business to keep innovating - Facebook is a wonderful example of constant innovation - think about doing that in philanthropy. — Pierre Omidyar

Customer-driven innovation was at the core of Intuit's first product, 'Quicken,' and it continues to guide us as we look to solve new problems in areas like mobile payments. Products like Intuit 'GoPayment' and the IntuitPayment Network are helping small businesses get paid faster, keeping cash flow strong and their business healthy. — Brad D. Smith

A great sports car that goes from 0-60 in 3.9 seconds is just a fact. To the wrong audience, it's irrelevant. But to the right audience, it's a passion. — David Brier

A disruptive innovation is a technologically simple innovation in the form of a product, service, or business model that takes root in a tier of the market that is unattractive to the established leaders in an industry. — Clayton Christensen

In business the 80/20 principle is behind any innovation, any extra value. It is an entrepreneurial principle, a formula for value creation utilized not only by entrepreneurs, but by most managers and organizations. — Richard Koch

Jerry Hirshberg, in his book The Creative Priority: Putting Innovation to Work in Your Business, writes, No one in a corporation deliberately sets out to stifle creative thought. Yet, a traditional bureaucratic structure, with its need for predictability, linear logic, conformance to accepted norms, and the dictates of the most recent "long-range" vision statement, is a nearly perfect idea-killing machine. People in groups regress toward the security of the familiar and the well-regulated. Even creative people do it. It's easier. It avoids the ambiguity, the fear of unpredictability, the threat of the unfamiliar, and the messiness of intuition and human emotion. — John C. Maxwell

There are only two things in a business that make money - innovation and marketing, everything else is cost. — Peter Drucker

Book publishers needed only to listen to Jeff Bezos himself to have their fears stoked. Amazon's founder repeatedly suggested he had little reverence for the old "gatekeepers" of the media, whose business models were forged during the analogue age and whose function it was to review content and then subjectively decide what the public got to consume. This was to be a new age of creative surplus, where it was easy for anyone to create something, find an audience, and allow the market to determine the proper economic reward. "Even well meaning gatekeepers slow innovation," Bezos wrote in his 2011 letter to shareholders. "When a platform is self-service, even the improbable ideas can get tried, because there's no expert gatekeeper ready to say 'that will never work!' And guess what - many of those improbable ideas do work, and society is the beneficiary of that diversity. — Brad Stone

I faced people from all walks of business who fully disregarded design (though they were completely influenced by it). I also met fine artists who drowned in their own work and the dense creative universe in their minds.

Then I met designers. And instantly fell in love. Let me tell you why.

Designers are familiar with critiques. They not only tolerate them but actively look out for them. They honestly believe in iterations and learn to edit down their work. They embrace simplicity and create beauty based on requirements other than their own. Design education teaches you to run away from assumptions and to have the stomach to scrap your work often.

I'm bringing this up because it's time to bridge the gap between design and business. — Laura Busche

Innovation, I believe, is the only way that America will regain the initiative in a global dynamic economy. — John Sculley

Edwin Land of Polaroid talked about the intersection of the humanities and science. I like that intersection. There's something magical about that place. There are a lot of people innovating, and that's not the main distinction of my career. The reason Apple resonates with people is that there's a deep current of humanity in our innovation. I think great artists and great engineers are similar in that they both have a desire to express themselves. In fact some of the best people working on the original Mac were poets and musicians on the side. In the seventies computers became a way for people to express their creativity. Great artists like Leonardo da Vinci and Michelangelo were also great art science. Michelangelo knew a lot about how to quarry stone, not just how to be a sculptor. — Walter Isaacson

Thought Leadership
"The new economics for industry, government, education" Book by W. Edwards Deming
"In God we trust. All others must bring data."
William Edwards Deming,
Statistician, Professor and Author
#smitanairjain #leadership #womenintech #thoughtleaders #tedxspeaker #technology #tech #success #strategy #startuplife #startupbusiness #startup #mentor #leaders #itmanagement #itleaders #innovation #informationtechnology #influencers #Influencer #hightech #fintechinfluencer #fintech #entrepreneurship #entrepreneurs #economy #economics #development #businessintelligence #business — W. Edwards Deming

It was the combination of EC2 and S3 - storage and compute, two primitives linked together - that transformed both AWS and the technology world. Startups no longer needed to spend their venture capital on buying servers and hiring specialized engineers to run them. Infrastructure costs were variable instead of fixed, and they could grow in direct proportion to revenues. It freed companies to experiment, to change their business models with a minimum of pain, and to keep up with the rapidly growing audiences of erupting social networks like Facebook and Twitter. — Brad Stone

If you are not good at innovating, be smart in investing. — Rifhi Siddiq

I am passionate about finding undiscovered and talented artists. I want to help those artists get to the next level and provide existing artists with a new way to reach fans. I wanted to partner with the Cutting Edge Group because they share my vision and have a proven track record in innovation in the music business. — Michelle Phan

There's no "get rich quick." There's no "overnight success."

However, this doesn't mean that when you decide to start a business that you're just starting. You could start making new money tomorrow.

I was fishing with my son and taught him that you can't catch a fish unless your line is in the water. A truth my dad once taught me.
You may have spent years learning a skill or creating a product or service that you just simply haven't thought to monetize. Like leaving a fishing pole on the ground along side the river, but not having your line in the water yet.

All you need to create a new stream of income is to make something consumable and offer it at a price that someone will pay.

If you're not making offers, you're not making money.

Get your line in the water! — Richie Norton

One can always sell something by offering the lowest price. But this does not create loyalty to your brand. Never did and never will. It only creates "loyalty" to that price point. As soon as your guest or visitor is offered a better price, he or she will jump ship, leaving you like a scorned lover in the middle of the night. — David Brier

Crowdsourcing can greatly increase the number of ideas entering the front-end of the innovation funnel, however, using the wrong source can result in a large number of inappropriate ideas, and the lack of defined process for managing the progress of ideas through the funnel can result in the funnel becoming blocked. — D. James Kennedy

I really believe that the single hardest thing in business is building a company that does repeatable innovation ... and just has this ongoing culture of excellence as it grows. — Sam Altman

My passion for innovation and my interest in the 'business of science' has seen Biocon commercialize many innovative platforms and products. — Kiran Mazumdar-Shaw

All foreign companies registered in China are Chinese enterprises. Their innovation, production and business operations in China enjoy the same treatment as Chinese enterprises. — Hu Jintao

Our combination of great research universities, a pro-risk business culture, deep pools of innovation-seeking equity capital and reliable business and contract law is unprecedented and unparalleled in the world. — Marc Andreessen

In the private sector, there is always innovation. There's always change. There's always improving productivity, and if you're not leading that, you'll be passed and ultimately go out of business. So there's an urgency to constantly update and renew and to rethink your enterprise. — Mitt Romney

Throughout the history of the Internet, most of the innovation has come as a by-product of efforts to facilitate communication within social groups of various kinds (academics, bloggers, peer-to-peer file sharing), rather than as the result of profit-oriented investment. Rather than taking the lead, the business and government sectors have adopted innovations developed in Internet communities, and realised significant productivity gains as a result. — John Quiggin

Business model innovation is constant in this economy. You start with a vision of a platform. For a while, you think there's a line of sight, and then it's gone. There's suddenly a new angle. — Beth Comstock

It becomes a question of 'How do we convey our differentiation instantaneously?' and drive a wedge between any apparent (or assumed) sameness in the marketplace. — David Brier

The strategic stimulus to economic development in Schumpeter's analysis is innovation, defined as the commercial or industrial application of something new
a new product, process or method of production, a new market or source of supply, a new form of commercial, business or financial organization. — Joseph A. Schumpeter

Why is it there's no aisle in a grocery or department in a store or menu on a website for "average stuff" or "beige products"? FACT: People never got passionate about mediocre and average. While consumers and clients can find "best deals" and "natural foods" and "artisan goods," one doesn't find an aisle or a website menu tab offering "average stuff" without excelling in something (which might explain that while vanilla is necessary for the ice cream sundae, it's the hot fudge we all crave and talk about). — David Brier

We have approximately 60,000 thoughts in a day. Unfortunately, 95% of them are thoughts we had the day before. — Deepak Chopra

When it comes to branding and the ever-changing social media phenomenon, you're not a mushroom. In other words, you shouldn't be kept in the dark and fed a pile of...well, you get the idea. — David Brier

Evidently, one thing seems to have more value in direct proportion to whether or not we feel we have the freedoms, joys or conveniences of that thing. — David Brier

Truth be told, nobody thought Dell's direct business model would work, at least back in the early 90s. As Bill Sharpe, head of the advertising agency that held the Dell Canada account from 1996 to 2006, told me, "I had a business partner in California who said, we have a client, Dell. It sells computers over the phone, and ships them to you. I said, 'There's no way, who's gonna buy a computer over the phone? They're complicated. — Heather Simmons

There are three points I used to help a gourmet chocolatier increase sales 300% in a single month as well as a Midwest city to increase tourism guests 500% in 12 months. — David Brier

I believe in solving social ills with business skills. — Richie Norton

So, you don't have money to invest in your brand? You do have money for damage control, right?

Here's the thing: anyone can make your brand inferior in your absence. — Laura Busche

Research conquers doubt. It aligns everyone around the incontestable. Research is the key to clarity - in startups, enterprises, and life itself. — Laura Busche