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0511 | Larry Downes: Full Transcript

LDRLB

One of the things I think is most interesting is there’s a lot of old models of innovation and of strategy that I won’t say they don’t necessarily apply anymore, but they apply to very, very, almost static markets. That’s not our market position, so we don’t need to worry about it. DAVID: Yeah.

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How GE Built an Innovation Lab to Rapidly Prototype Appliances

Harvard Business Review

Career advancement in mature companies usually demands avoiding conspicuous failures, while entrepreneurs must fail repeatedly to get ahead. Large companies serve mainstream customers, while innovative entrepreneurs first serve early adopters. What GE Appliances gains is the powerful advantage of being first to market.