The Inside Job

Guy Kawasaki on Innovation

By Liz Wolgemuth

Posted: November 4, 2008

I've interviewed entrepreneurship expert Guy Kawasaki, and I'm a big fan of his online "magazine rack" Alltop.com. He's written a new book, Reality Check, and I loved what he had to say in his interview(s) with Marci Alboher of the New York Times . An excerpt:

Q. Everyone is consumed with the evaporation of the credit markets these days. Yet many experts say that small business will be the source of growth and new jobs in this economy. Do you agree?

A. This is populist, wishful pabulum. It's easy to say that entrepreneurs will create jobs and big companies will create unemployment, but this is simplistic. The real question is who will innovate. A 50-year-old company can innovate as well as two guys/gals in a garage. [end block]

The patent system was created for innovation, but it has been perverted to exclude inventors by "hired to invent" policies. Un-pervert the patent system and innovation will bloom. Bit selfish for businesses to glom on to both monopoly profits AND any financial incentive for employed inventors. No incentive, no innovation.

Luther of IL @ Nov 04, 2008 16:45:20 PM

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