Kenneth Frazier Quotes

Good, bad or indifferent, if you are not investing in new technology, you are going to be left behind.

I think Microsoft will have to change. I think that the business of Microsoft, the company of Microsoft, is going to continue to succeed. But I think the business model of Microsoft is going to have to change.

Any of our businesses will not exist in the form that is today, will not exist in the same form one year later, two years later... We have to worry about the disruptions in the business models and the practices.

When you're a large company with significant market share, it's tempting to view market disruptions as a threat, but we view them as an opportunity.

Since I became CEO, 87 percent of the companies in the Fortune 500 are off the list. What that says is that companies that don't reinvent themselves will be left behind. I also think that's true of people. And I think it's true of countries.

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.

You've got to keep reinventing. You'll have new competitors. You'll have new customers all around you.

Even IBM can't stand in the way of progress... for more than a decade.

In any business, you have to evolve.

Disruption is a critical element of the evolution of technology - from the positive and negative aspects of disruption a typical pattern emerges, as new technologies come to market and subsequently take hold.

Disruptive innovation is competitive strategy for an age seized by terror.

And you know, I've had great fun turning quite a lot of different industries on their head and making sure those industries will never be the same again, because Virgin went in and took them on.

Everything new endangers something old. A new machine replaces human hands; a new source of power threatens old businesses; a new trade route wipes out the supremacy of old ports and brings prosperity to new ones. This is the price that must be paid for progress and it is worth it.

We live in a dynamic time, where the rate of change and the rate of innovation are very high. It’s not equal in all segments or sectors of the economy, but we are seeing a lot of innovation in certain sectors, and I expect that to continue.

Eventually, all companies are replaced.

I believe that if you don't disrupt yourself, you will be disrupted by someone else.

To thrive, all businesses must focus on the art of self-disruption. Rather than wait for the competition to steal your business, every founder and employee needs to be willing to cannibalize their existing revenue streams in order to create new ones. All disruption starts with introspection.

I'm not going to be the one who turns out the last lights of the last conglomerate. So we need to reinvent ourselves all the time.

Businesses that don't evolve are businesses that die.

Your innovation can create new winners and losers; or at the very least, make existing companies look fresh and innovative by partnering with you. Everyone wants to align with market makers.

In three years, every product my company makes will be obsolete. The only question is whether we will make them obsolete or somebody else will.

The pace of change and the threat of disruption creates tremendous opportunities.

Innovation no longer remains a choice but has become an imperative.

No amount of artificial protection can permanently maintain an obsolete product, an inferior process or a moribund organization against competitors which are based on scientifically improved products or methods.

So I think the winners in recession are the people who produce new technology that does things better, which people really want.