There is no single right answer or path forward, but there is one right way to frame the problem.
Empowering innovations require long-term investments, which tie up capital for years and years. So companies are using capital to create more capital, and consequently, the world is awash in capital, but the innovations we need to advance aren't there.
Interpretation
What this quote means
True innovation requires sustained investment of resources over time, yet the current capital abundance does not guarantee meaningful advancements.
This quote from Clayton M. Christensen highlights the paradox of having an excess of capital in the world while simultaneously lacking the groundbreaking innovations necessary for progress. It emphasizes the need for long-term investments in transformative ideas, suggesting that merely funding projects isn't enough; we need patience and commitment to nurture innovation that can lead to substantial advancements in various fields.
Themes
In practice
Example use cases
During a business seminar discussing the importance of sustained investment in innovation.
More from Clayton M. Christensen
All quotes →Understanding motivation is one of the most important things we can do in our lives, because it has such a bearing on why we do the things we do and whether we enjoy them or not.
Companies, in fact, are specifically organized to under-invest in disruptive innovations! This is one reason why we often suggest that companies set up separate teams or groups to commercialize disruptive innovations. When disruptive innovations have to fight with other innovations for resources, they tend to lose out.
There is no evidence that success in business will make us happy people or allow us to have happy families.
By definition, big data cannot yield complicated descriptions of causality. Especially in healthcare. Almost all of our diseases occur in the intersections of systems in the body.
The breakthrough innovations come when the tension is greatest and the resources are most limited. That's when people are actually a lot more open to rethinking the fundamental way they do business.
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