Tag: Business

“…a big idea or a new discovery is never enough. For any innovation to have an impact, there needs to be a discovery on an important insight; a viable, scalable solution; and, finally, a business model that allows the new idea to be adopted.

“Second, geniuses rarely act alone. Fleming’s pioneering work on penicillin not only was supported by Florey and Chain but also built on the work of earlier scientists, such as Ignaz Semmelweis, Louis Pasteur, and Robert Koch. Moreover, the science would never have found its practical application without support from the Rockefeller Foundation and the U.S. government.

“And consider that although government support has been instrumental in both medical breakthroughs and technological developments, such as the internet and GPS, the vast majority of innovators have to stumble ahead on their own when it comes to innovation’s final step: figuring out the business model.”

https://hbr.org/2016/04/its-time-to-bury-the-idea-of-the-lone-genius-innovator