Innovation is different because it's the only form of value that happens in the future for which we have no real data.
Bridges do collapse. Products do blow up. Drugs that save millions of people's lives often in the development stage kill people. This is something that you have to be very honest about.
Jeff DeGraff: As a rule of thumb I like to tell people you have to be very open and an innovation usually takes you three times as long and at least twice the amount of money you thought it would.
Congratulations to all the new graduates who have successfully accomplished this most impressive of endeavors.
Recently I spoke to a conference of leading business school deans about the prospects of the MBA degree. My speech was entitled The Future has Come and Gone and You’ve Missed It. Admittedly this was a pathetic attempt to play the rebellious provocateur to what I occasionally imagine to be a well ...