Ten Quotes on Innovation

I've been wanting to blog about the forces that trigger financial innovation for a long time now. There's need to do a literature survey to make sure I cover all the known bases to-date. Unfortunately, I haven't had the luxury of time for such research. I thought, however, that a less ambitious start would be to identify a unifying theme for such a wide-ranging post. From my experience, good sources for such a theme are what authorities or experts have to say on the subject. Here are ten quotes on INNOVATION which I particularly liked:

Well, when you're trying to create things that are new, you have to be prepared to be on the edge of risk. -Michael Eisner

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When you innovate, you've got to be prepared for everyone telling you you're nuts. -Larry Ellison

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An enterprising person is one who comes across a pile of scrap metal and sees the making of a wonderful sculpture. An enterprising person is one who drives through an old decrepit part of town and sees a new housing development. An enterprising person is one who sees opportunity in all areas of life. -Jim Rohn

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The world is changing very fast. Big will not beat small anymore. It will be the fast beating the slow. -Rupert Murdoch

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There has been opposition to every innovation in the history of man, with the possible exception of the sword. -Benjamin Dana

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Innovation is the central issue in economic prosperity. -Michael Porter

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Innovation is not the product of logical thought, although the result is tied to logical structure. -Albert Einstein

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Every innovation occasions more harm and derangement of order by its novelty, than benefit by its abstract utility. -Legal Maxim

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Chance favors only the prepared mind. -Louis Pasteur

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Nearly 100% of innovation -- from business to politics -- is inspired not by "market analysis" but by people who are supremely pissed off by the way things are. -Tom Peters

(Photo credit: www.sxc.hu)

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