The best strategy is a balance between having a deliberate one, and a flexible, or emergent strategy.

Disruptive innovations create jobs, efficiency innovations destroy them.

An innovation will get traction only if it helps people get something that they're already doing in their lives done better.

You can't find returns in investments you haven't made.

There's usually some process by which a potentially great idea gets prostituted into something lacklustre, or by which the wrong idea gets put forward.

Management has to provide the coordinating mechanism between what the supplier provides and what the user needs in not-good-enough situations where product architecture is consequently interdependent. Management always beats markets when there is not sufficient information.

Generally, the technology that enables disruption is developed in the companies that are the practitioners of the original technology. That's where the understanding of the technology first comes together. They usually can't commercialize the technology because they have to couple it with the business model innovation, and because they tend to try to take all of their technologies to market through their original business model, somebody else just picks up the technology and changes the world through the business model innovation.