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I believe quite simply that the small company of the future will be as much a research organization as it is a manufacturing company.
Edwin Land
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Interpretation

What this quote means

The future of small companies will focus equally on research and manufacturing.

Edwin Land's quote reflects the evolving landscape of business, suggesting that small companies in the future will prioritize innovation and research just as much as they emphasize production and manufacturing. This paradigm shift highlights the importance of creativity and development in staying competitive in a rapidly changing market.

Themes

ResearchManufacturingInnovationFutureBusiness

In practice

Example use cases

In a pitch meeting, you might use this quote to emphasize the importance of research in your business model.

More from Edwin Land

Don't undertake a project unless it is manifestly important and nearly impossible.
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Industry is best at the intersection of science and art.
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It is a curious property of research activity that after the problem has been solved the solution seems obvious. This is true not only for those who have not previously been acquainted with the problem, but also for those who have worked over it for years.
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My motto is very personal and may not fit anyone else or any other company. It is: Don't do anything that someone else can do. Don't undertake a project unless it is manifestly important and nearly impossible.
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Work only on problems that are manifestly important and seem to be nearly impossible to solve. That way you will have a natural market for your product and no competition.
Edwin LandRead
Intense concentration for hour after hour can bring out resources in people that they didn't know they had.
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