BusinessQuotes

Execution, Not innovation, Leads to success

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  • Only 6 percent of the Inc. founders I interviewed claimed to have started with unique products or services. Nearly 60% said that identical or very close substitutes were available. Fewer than 5% reported filing for a patent. According to Inc.s own surveys, only only 12% of the founders attributed the success of their companies to an unusual or extraordinary idea. 88% reported that their success was mainly due to the exceptional execution of an ordinary idea.

  • — Execution, Not innovation, Leads to success
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Quotes

"Even smart people are really pretty incapable of envisioning a situation that's substantially different from what they're in," says Christine Peterson, vice president of Foresight Nanotech Institute in Menlo Park, Calif.

—The Future is Now, Wash Post 4.18.08 Joel Achenbach
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