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The Five Characteristics of Successful Innovators

There is not much agreement about what makes an idea innovative, and what makes an innovative idea valuable. For example, discussions on whether the internet is a better invention than the wheel are more likely to reveal personal preferences than logical argumentation. Likewise, experts disagree on the type and level of innovation that is most beneficial for organizations. Somestudiessuggest that radical innovation (which does sound sexy) confers sustainable competitive advantages, butothersshow that “mild” innovation – think iPhone 5 rather than the original iPhone – is generally more effective, not least because it reduces market uncertainty. There is also inconclusive evidence on whether we should pay attention to consumers’ views, with somestudiesshowing that a customer focus is detrimental for innovation because it equates to playing catch-up, butothersarguing for it. Even Henry Ford’s famous quote on the subject – “if I had asked people what they wanted, they would have said fast…

Thoughts on spending money

Thoughts on spending money
Too many people spend money they haven’t earned to buy things they don’t want to impress people they don’t like.
Will Rogers

Time is the most valuable thing a man can spend.

The thing I should wish to obtain from money would be leisure with security.
Bertrand Russell

When you have money, think of the time when you had none.
Japanese Proverb

The cost of a thing is the amount of what I call life which is required to be exchanged for it, immediately or in the long run.
Henry David Thoreau

A man who both spends and saves money is the happiest man, because he has both enjoyments.
Samuel Johnson

Money is valueless, except as it will satisfy wants.
Edwin T Freedley

In terms of monetary behaviour, there are two types of people on this earth: Those who save and those who spend.
Anna Agoncillo

No one has ever achieved financial success by constantly spending all they have in order to deceive others into believing they are rich.
Edmond Mbiaka

Never keep up with the Joneses. Drag them down to your level. It’s cheaper. 
Quentin Crisp

Riches do not consist in the possession of treasures, but in the use made of them. 
Napoleon Bonaparte

There are more important things than money—the only thing is they all cost money.
Louis A Safian

Money, if it does not bring you happiness, will at least help you be miserable in comfort. 
Helen Gurley Brown

Read more: forbesindia