Innovation Almost Always Is Not Successful The

I've Concluded That The Metric By Which God Will Assess My Life Isn't Dollars But The Individual People Whose Lives I've Touched.

Efficiency Innovations Provide Return On Investment In 12-18 Months. Empowering Innovations Take 5-10 Years To Yield A Return. We Have Ample Capital - Oceans Of Capital - That Is Being Reinvested Into Efficiency Innovation.

Whenever We Have Thanked These Men And Women For What They Have Done For Us, Without Exception They Have Expressed Gratitude For Having The Chance To Help - Because They Grew As They Served.

How Could Digital's Collapse Be So Precipitous? It's Because, In Many Ways, Financial Performance Data Is Misleading. As You Move Up To The Top Of The Market, You're Getting Rid Of The Less Profitable Products At The Low End And Adding Business With More Attractive Margins At The High End. The Rate Of Unit Volume Growth Might Be Tapering Off As You Pursue These Smaller Markets, But Your Margins Actually Look Better. So Wall Street Rewards Your Stock Price Until You Hit The Ceiling.

Disruptive Technology Is A Theory. It Says This Will Happen And This Is Why; It's A Statement Of Cause And Effect. In Our Teaching We Have So Exalted The Virtues Of Data-driven Decision Making That In Many Ways We Condemn Managers Only To Be Able To Take Action After The Data Is Clear And The Game Is Over. In Many Ways A Good Theory Is More Accurate Than Data. It Allows You To See Into The Future More Clearly.