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Peter Evans-Greenwood

This seems to be a common question thats comes up whenever a company wants to "innovate" (whatever that is). Most people gravitate to the notion that a good idea is what you really need, which is wrong. Ideas are a dime a dozen, then real challenge is to execute on an idea (i.e. pick one and do something meaningful with it). After all, innovation should not be the race for a new-new thing. If you get involved in that arms race, then you will come last.

I've put this down to the ol' quest for a silver bullet: most people hope that there's a magic cure for their problems which requires little effort to implement, and they dislike the notion that hard work is key. This is true in many of life's facets, like preferring diet pills and magic foods over exercise and eating less. "If I pay for this, then it will all come good..." Success with innovation, as with so many things, is more a question of hard work than anything else.

Re: your question of credit. I'm with the implementers. Edison might be remembered for the lightbulb, but Samuel Insull's hard work enabled everyone to have one in their homes. We forget that it wasn't even Edison who invented it (though you could argue that he perfected it). Edison was one of many who happened to have the same good idea. Insull changed society forever.

Rick Ross

Peter - very insightful comments.

Insull is such an excellent example of the point. His role was crucial while, as is so often the case, many others made important contributions as well. Westinghouse pushing AC comes to mind.

Thank you!

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