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"Innovation is the central issue in economic prosperity."
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"To invent, you need a good imagination and a pile of junk."
"There's a huge misconception that innovation is mostly about inventing or coming up with cool new things. More often than not, innovation is about figuring out what people really need or want but can't have or afford."
"Nearly all of the advances in structural and aesthetic innovation is coming from abroad."
"Failure is an option here. If things are not failing, you are not innovating enough."
"America is the most inventive country in the world because everybody has access to information."
"I'm interested in things that change the world or that affect the future and wondrous, new technology where you see it, and you're like, 'Wow, how did that even happen? How is that possible?'"
"If we knew what it was we were doing, it would not be called research, would it?"
"Today's practicality is often no more than the accepted form of yesterday's theory."
"If we drive down the cost of transportation in space, we can do great things."
"To turn really interesting ideas and fledgling technologies into a company that can continue to innovate for years, it requires a lot of disciplines."
Explore more quotes by Michael Porter
"So companies have to be very schizophrenic. On one hand, they have to maintain continuity of strategy. But they also have to be good at continuously improving."
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