Innovation Product Quotes & Sayings

The customer only knows what she thinks she wants based on her experience with the current product. The innovator can take into account everything that's possible, but often must go against what she knows to be true. As a result, innovation requires a combination of knowledge, skill, and courage. Sometimes only the founder has the courage to ignore the data; — Ben Horowitz

IDEO's Tom Kelley briefly mentions the practice of searching the fringes of consumer behavior in his book The Art of Innovation: Just as we often can't predict a product's success, companies can't always divine what feature or use will catch the public's imagination. For that reason, companies need to be in touch with what "quirky" uses consumers have thought up for their products, and be ready to restructure their marketing accordingly. — Heather Lefevre

Innovation is not a big breakthrough invention every time. Innovation is a constant thing. But if you don't have an innovative company [team], coming to work everyday to find a better way, you don't have a company[team]. You're getting ready to die on the vine. You're always looking for the next innovation, the next niche, the next product improvement, the next service improvement. But always trying to get better. — Jack Welch

If you look at where innovation - defined as ideas, not as commercial product - tends to live, the university system is remarkably innovative. — Steven Johnson

Customers often know more about your products than you do. Use them as a source of inspiration and ideas for product development. — David J. Greer

I think all philanthropy invests in product innovation, whether in a vaccine or a new kind of product of one sort or another, and I think we'll all continue to do that. — Judith Rodin

Technology is important to Art because it connects creativity with innovation and the spirit of inventiveness. Whether we are using technology to create our art, or to share our art, it challenges artists to explore new realms of aesthetic experience and cultural relevance. But, on the other hand, Art is important to Technology for the most important reason of all. Art gives Technology its humanity. And our humanity is the driving force behind every new technology we design and every product we manufacture. We are all makers. Without creativity, we don't make anything. If we don't make anything, we don't progress. — Kim Chestney

Creation is not a moment of inspiration but a lifetime of endurance. The drawers of the world are full of things begun. Unfinished sketches, pieces of invention, incomplete product ideas, notebooks with half-formulated hypotheses, abandoned patents, partial manuscripts. Creating is more monotony than adventure. It is early mornings and late nights: long hours doing work that will likely fail or be deleted or erased - a process without progress that must be repeated daily for years. Beginning is hard, but continuing is harder. Those who seek a glamorous life should not pursue art, science, innovation, invention, or anything else that needs new. Creation is a long journey where most turns are wrong and most ends are dead. The most important thing creators do is work. The most important thing they don't do is quit. The — Kevin Ashton

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

Process innovation is different from product innovation. It's about how do you create a new product or develop a new product or manufacture a new product, but not a new product itself? — Nirmalya Kumar

I think there are lots of opportunities to improve the product. When you read the press, people say, "Oh, the product needs improvement." I look at that and say, "Hey, that's an exciting thing to get behind!" Because they can improve that product. That leaves more upside from an innovation and revenue potential than you're gonna find in [a] lot of places. So you could say that's a downside, I see that as an opportunity. — Steve Ballmer

For CEOs today, it's all about acheieving growth and efficiency through innovation. It's not about product innovation so much anymore as about innovating business models. process, culture and management. — Ginni Rometty

At the end of the day, if you have a great product and service paired with the wrong pricing strategy / business model, you don't have a business. — Richie Norton

No amount of tools can help a bad product. You have to remain genuine in your product development innovation and quality. — Kara Swisher

The answer is the disruptive innovator, an outsider, who creates a product or service for the non-existing consumer in a non-existing market for almost no profit. — Clayton Christensen

Only 5 percent of entrepreneurship is the big idea, the business model, the whiteboard strategizing, and the splitting up of the spoils. The other 95 percent is the gritty work that is measured by innovation accounting: product prioritization decisions, deciding which customers to target or listen to, and having the courage to subject a grand vision to constant testing and feedback. — Eric Ries

The emergence of a hardware product from an African company marks a phase-change point for tech invention. The BRCK shows that great ideas can come from anywhere, that innovation comes from solving real problems with constrained resources. — Erik Hersman

I will continue to focus on global strategy and to do everything I can to help Yahoo! realize its full potential and enhance its leading culture of technology and product excellence and innovation. — Jerry Yang

The culture of a given time and place is a product of inherited tradition, of the recovery of lost or obscured forms of thought, of innovation. Such seeds, fertilized by prosperity, tended by leisure, and warmed by the sun of peace, may produce an abundant bloom. — Morris Bishop

The locus of corporate innovations has been product development. But in times of rapid and unpredictable change, the creation of individual products becomes less important than the creation of a general organizational aptitude for innovation. — John Seely Brown

Competition is a great thing and critically important in any industry. I respect the companies that build their brand through innovation/great product, packaging, sharp marketing and clever ideas. — John Robinson

Creating change requires innovation: developing new products, creating new sales channels, reducing product development time, customizing products for increasingly smaller market segments. In addition, your company must be able to respond quickly to both anticipated and unanticipated changes created by your competitors and customers. — Jim Highsmith

The source of innovation is freedom. All we have - new knowledge, invention - comes from freedom. Discoveries and new knowledge come from freedom. When somebody is responsible only to himself, [has] only himself to satisfy, then you'll have invention, new thought, now product, new design, new ideas. — W. Edwards Deming

Alan Kay's famous aphorism is that perspective is worth 80 IQ points. An innovative insight is not the product of an individual's brilliance. It's not as if innovators' heads are wired in different ways. Innovation typically comes from looking at the world through a slightly different lens. — Gary Hamel

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

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

This is also, I hope, a book about innovation. At a time when the United States is seeking ways to sustain its innovative edge, and when societies around the world are trying to build creative digital-age economies, Jobs stands as the ultimate icon of inventiveness, imagination, and sustained innovation. He knew that the best way to create value in the twenty-first century was to connect creativity with technology, so he built a company where leaps of the imagination were combined with remarkable feats of engineering. He and his colleagues at Apple were able to think differently: They developed not merely modest product advances based on focus groups, but whole new devices and services that consumers did not yet know they needed. — Walter Isaacson

Look at the product pipeline, look at the fantastic financial results we've had for the last five years. You only get that kind of performance on the innovation side, on the financial side, if you're really listening and reacting to the best ideas of the people we have. — Steve Ballmer

America is the greatest engine of innovation that has ever existed, and it can't be duplicated anytime soon, because it is the product of a multitude of factors: extreme freedom of thought, an emphasis on independent thinking, a steady immigration of new minds, a risk-taking culture with no stigma attached to trying and failing, a noncorrupt bureaucracy, and financial markets and a venture capital system that are unrivaled at taking new ideas and turning them into global products. — Thomas L. Friedman

Believe in better, which is a corporate phrase rather than a political phrase. We don't want more. We're not looking for quantity. We're looking for quality. Believe in better suggests intergenerational change. It suggests product innovation. It suggests something better for the future. — Frank Luntz

**New business concepts are always, always the product of lucky foresight.**
That's right - the essential insight doesn't come out of any dirigiste planning process; it comes form some cocktail of happenstance, desire, curiosity, ambition and need. But at the end of the day, there has to be a degree of foresight
a sense of where new riches lie. So radical innovation is always one part fortuity and one part clearheaded vision.
[first-line bold by author]
[2002] p.23 — Gary Hamel

The truth is that only 1% of all new words are totally new, and of those an even smaller percentage are conjured up out of thin air. The vast majority of coinages are the product of some kind of repurposing, and the result has always been a mix of tradition and innovation. — Susie Dent

Innovation requires having at least three things: a great idea, the engineering talent to execute it, and the business savvy (plus deal-making moxie) to turn it into a successful product. — Walter Isaacson

A creative mindset is in increasingly high demand: employers are vying for workers who are able to dream big and deliver big with the next must-have product. Creative thinking fuels innovation, it leads to new goods and services, creates jobs and delivers substantial economic rewards. — Jim Hunt

Instead, a disruptive innovation typically solves a customer problem in a better, more convenient, or cheaper way than existing alternatives. A disruptive product also creates a new market by addressing nonconsumption: it attracts people who did not take advantage of similar products. But — Roman Pichler

The fundamental problem is that every technology embeds the ideologies of its creators! Who made the Internet? The military! The Internet is the product of the Defense Advanced Research Projects Agency! We call it DARPA for short! Who worked for DARPA? DARPA was a bunch of men! Not a single woman worked on the underlying technologies that fuel our digital universe! Men are the shit of the world and all of our political systems and philosophies were created and devised without the input of women! Half of the world's population lives beneath systems of government and technological innovation into which their gender had zero input! Democracy is a bullshit ideology that a bunch of slaveholding Greek men constructed between rounds of beating their wives! All the presumed ideologies of men were taken for inescapable actualities and designed into the Internet! Packet switching is an incredible evil! — Jarett Kobek

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

If you read Wall Street's reports, they don't talk of soya bean as originating in China. They don't talk of soya bean as soya bean. They talk of Monsanto soya. Monsanto soya is protected by a patent. It has a patent number. It is therefore treated as a creation of Monsanto, a product of Monsanto's intelligence and innovation. — Vandana Shiva

A company's best advantage should be a quality product offered at the right price. That fair competition is what drives innovation. — Chellie Pingree

Steve and I spent a lot of time on the packaging," said Ive. " I love the process of unpacking something. You design a ritual of unpacking to make the product feel special. Packaging can be theater, it can create a story. — Walter Isaacson

Unlike other product developers, Jobs did not believe the customer was always right; if they wanted to resist using a mouse, they were wrong. — Walter Isaacson

Innovation is always a product of individual innovators, a rare and dynamic breed not always appealing to the millions who depend on their creativity for their own comfort, health, and security. — George Gilder

Like its Senate counterpart, H.R. 1908 is the product of years of bipartisan collaboration. And now, by passing S. 1145, the U.S. Senate has a similar opportunity to restore our patent regime to its rightful position of protecting inventors' property rights and spurring innovation. These are values that all Americans should rally behind. — Viet D. Dinh

So it comes down to scarcity, one product or service having qualities you won't find everywhere or ideally, anywhere. It's the job of every brand to seek that out as their standard, their stamp. — 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

Is it weird that when I see a cool t shirt or pick up a toothbrush or see a new car I don't think about the product itself? I think about the thousands of people and dollars to make it.

I think about how the retailer that took the risk to buy and resell it. Then I work backwards to the store costs, the distributer who got it there, the shipping company that brought it over from China, the factory workers that made it, the people that sourced the materials and the people that harvested the raw materials, and on and on..
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The global economy is amazing. Your $20 t-shirt is a freaking miracle. — Richie Norton

Brand and product don't compete. Brand is product, and everything else conforming to the unique story that consumers create when they think of you. — Laura Busche

Innovation is not the product of logical thought, even though the final product is tied to a logical structure. — Albert Einstein

The emphasis on innovation and technology in our companies has resulted in a few of them establishing global benchmarks in product design and development, manufacturing practices and human resource capabilities. However, there is no room for complacency. — Baba Kalyani

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

The very ability to empathize with a user requires that I have an understanding of that user's value and needs. This is what leads to many product fails. The individuals developing the innovation don't actually use it. — David Livermore

Fifty years later, in the 1920s, the American DuPont Company independently set up a similar unit and called it a Developmental Department. This department gathers innovative ideas from all over the company, studies them, thinks them through, analyses them. Then it proposes to top management which ones should be tackled as major innovative projects. From the beginning, it brings to bear on the innovation all the resources needed: research, development, manufacturing, marketing, finance, and so on. It is in charge until the new product or service has been on the market for a few years. — Peter F. Drucker

Starting and growing a business is as much about the innovation, drive and determination of the people who do it as it is about the product they sell. — Elon Musk

Despite all our gains in technology, product innovation and world markets, most people are not thriving in the organizations they work for. — Stephen Covey

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