Oliver E. Williamson Quotes

Pure innovation is more gross than error.

Innovations never happen as planned.

I have a theory that the only original things we ever do are mistakes.

All good ideas arrive by chance.

Managing bottom-up change is its own art.

Musical accidents are a gold mine. The thing about accidental discoveries is they won't be made unless you put yourself in a position to make that discovery. To do that means hundreds of hours, days and weeks where you do things and don't discover anything.

Well into the 20th century, scholars viewed economic advances as resulting from commercial innovations enabled by the discoveries of scientists - discoveries that come from outside the economy and out of the blue.

Sometimes when you innovate, you make mistakes. It is best to admit them quickly, and get on with improving your other innovations.

If you make an error, use it as a stepping stone to a new idea you might not have otherwise discovered.

The most important of my discoveries have been suggested to me by my failures.

One of the advantages of moving quickly is if you do something wrong you can change it. What technologies tend to do is they tend to make a lot of mistakes... but then we go back and aggressively attack those mistakes - and fix them. And you usually recover pretty quickly.

When counting on learning from innovation, there are great successes but also failures. The Wright Brothers invented the aircraft and started an amazing process of innovation, where we now have planes that carry 500 passengers. Along the way there were some silly looking vehicles that crashed early on.

The history of economic growth is the history of people making more with less and shifting into new jobs that were unheard of in the previous generation.

I will take the best from each system and introduce it in Russia..

Capitalism has not always existed in the world and will not always exist in the world.

There is no science in creativity. If you don't give yourself room to fail, you won't innovate.

My goal is to change NXT. It is to change every company I've ever been to, and I've changed every company.

Innovating today is about creativity; it is about the freedom to act... if you look at the big conglomerate... it's highly regulated. It's a lot of talk about... internal controls and this and that... so there's a huge mindshift change to get the best of people.

Some of my best songwriting choices started as mistakes or learning curves, when I accidentally hit a 'wrong' key or something. I try not to lose that the more I learn the how's and why's of piano.

Innovation is like looking for pieces in a jigsaw puzzle. You have to find a lot of pieces that don't match to find the one or two pieces that match.

Failure in Innovation - it's a price worth paying.

Half of art is accident, but there is no accident without free experiment.

None of my inventions came by accident. I see a worthwhile need to be met and I make trial after trial until it comes. What it boils down to is one per cent inspiration and ninety-nine per cent perspiration.

A new idea is rarely born like Venus attended by graces. More commonly it's modeled of baling wire and acne. More commonly it wheezes and tips over.

If the structure does not permit dialogue the structure must be changed