Market Disruption Quotes

The perennial gale of creative destruction

Creative Destruction is the essential fact about capitalism.

Marketing and innovation produce results; all the rest are costs.

Every market is in transition.

Subsidies and bailouts cannot compensate for uncertain or permanently diminished market access.

Entrepreneurs have the flexibility and the ability to do things that large companies simply cannot. Could a large company pull off a trick like Amyris, going from anti-malaria medicine to next-generation fuel?

Trust the young people; trust this generation's innovation. They're making things, changing innovation every day. And all the consumers are the same: they want new things, they want cheap things, they want good things, they want unique things. If we can create these kind of things for consumers, they will come.

Traditional businesses can say, 'We're going to sell widgets to people, and it will make X amount of profit.' But new business models are hard.

As an entrepreneur, as an investor, I'm trying to be as educated as I can to where the progression of technological capability is going and what it does to these different categories that, me as an artist and an influencer, I can get involved and bring value.

To spend time in Silicon Valley in a year of political upheaval is, on one level, soothing. It is pleasant to hear talk of wearables, walled gardens, and disruptive beverages in between updates about mass deportation.

All economic activity is by definition "high risk." And defending yesterday--that is, not innovating--is far more risky than making tomorrow.

Remember: you cannot build a better mouse trap by fixing the old one - NewCo demands active ownership, and that activity is not the sum of doing multiple jobs but, instead, the sum of implementing paradigm-shifting changes that create new industries and solutions.

We have found in a long life that one competitor is frequently enough to ruin a business.

One of the changes I'm driving within Nokia is to adopt what we call 'the challenger mindset.' Let's understand that we have to fight, we have to fight our way through the difficulties, we have to listen to consumers, we have to both deliver what they need and also have some creativity and insight and deliver what the don't yet know they need.

Any country that wants to lower its mobile phone rates, all they need to do is bring in an aggressive player.

The problem is the book business is changing so we're in a difficult moment now and if the business model is changing, I don't know if I'm going to have to look what's in store for me at that level but fortunately, I broke in earlier.

Pavel Durov only knows how to copy great products like Facebook and 'WhatsApp'; he never had and will never have original ideas.

There are lots of lessons to learn from Amazon. Never stop innovating or questioning the fundamentals of your business. Disrupt yourself before others do. Continually motivate employees so that they never get too complacent - see Yahoo, AOL and many other Internet companies for evidence of what happens when they do.

The paradox explored in my book 'The Innovator's Dilemma' is that successful companies can fail by making the 'right' decisions in the wrong situations.

There's no question that technology is extraordinarily competitive.

It's worth noting that everything - from the Internet to electric cars, genomic sequencing, mobile apps, and social media - were pioneered by startups, not existing companies.

There will be certain points of time when everything collides together and reaches critical mass around a new concept or a new thing that ends up being hugely relevant to a high percentage of people or businesses. But it's really really hard to predict those. I don't believe anyone can.

The benefit to building a startup is that customers don't have the same kind of friction when they adopt new technology.

America demands invention and innovation to succeed.

The VC industry has benefited greatly from technology and the Internet, so I see how the VC industry is going to get disintermediated, decentralized, disrupted, so I can sit around and wait for someone to disrupt ourselves, or we can choose to disrupt or cannibalize ourselves.