"Innovation is the central issue in economic prosperity"
- Michael Porter
About this Quote
This quote by Michael Porter emphasizes the value of development in accomplishing financial success. Innovation is the procedure of producing originalities, products, services, or processes that can be utilized to enhance existing items, services, or procedures. It is a key factor in driving financial development and advancement. Development can result in increased productivity, enhanced effectiveness, and brand-new markets. It can also assist to produce brand-new tasks and increase salaries. Innovation is important for organizations to remain competitive in the global economy. Without innovation, companies will struggle to stay ahead of the competition and will be unable to capitalize on new chances. Innovation is likewise important for federal governments to create policies that promote economic development and development. By purchasing research and advancement, governments can create an environment that motivates development and encourages companies to buy new innovations and processes. In conclusion, development is vital for economic prosperity and must be a concern for businesses and governments alike.
This quote is written / told by Michael Porter somewhere between May 23, 1947 and today. He was a famous Educator from USA.
The author also have 20 other quotes.
"States get to improve transportation infrastructure; that creates economic development, puts people back to work and, most important, enhances safety and improves local communities"
"It's not just the effect of technology on the environment, on religion, on the economic structure, on society, on politics, etc. It's that everything now exists in technology to the point where technology is the new and comprehensive host of nature of life"
"Our people can draw on the tremendous strides made in recent years, not only in terms of advancing themselves spiritually and materially, but also in having weathered social and economic turbulence, triggered, in the main, by factors not of their own creation"
"The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists"
"From this process has emerged a parallel process of translating traditional working and living values into a new political and economic power - a power increasingly based upon the strength of money and those material things money can purchase"
"But while they prate of economic laws, men and women are starving. We must lay hold of the fact that economic laws are not made by nature. They are made by human beings"
"Now is not the time to compromise on the economy. Instead, we should be doing everything in our power to support long-term economic growth. Permanent repeal of the death tax will mean more high-quality, high-paying jobs for Americans"
"I believe that history has shape, order, and meaning; that exceptional men, as much as economic forces, produce change; and that passe abstractions like beauty, nobility, and greatness have a shifting but continuing validity"
