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Innovative Firms or Innovative Owners Form

Innovative Firms or Innovative Owners Form

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Transcriber: Ana Birsa Reviewer: Hiroko Kawano Are you aware of the fact that the little device in your pocket gives you more communication power than President Kennedy had? That's only 50 years ago. Now, this shows that technology is giving us a whole new world with whole new opportunities. And if you look at, for example, the phone - the time it took before half of the population in the United States actually had one took more than 50 years. A century later, the first wireless phone was introduced, and that only took 16 years before half of the population owned one. And then a few years later, the first smartphone came. That only took six years. Now, what does this show us? This shows us that not only technology is developing itself in an exponential pace; it also shows us that the adoption time - the time it takes for you to adopt something new - is decreasing dramatically. Now, this has huge implications on us, on the society, but also on our whole business landscape. And it means

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