Innovation rarely comes from Established Companies
Newspapers are now in a fight with Google. Google says newspapers provide the information for free but the newspaper companies, for example the Wall Street Journal (WSJ) and Associated Press (AP), want Google to PAY for the use of their news. The AP and Rupert Murdock, who owns the WSJ, are threatening to sue. Google is not worried and sees no issue but rather believes the newspapers need to find a way to target their advertising more directly, like Google does. Again, Google is NOT worried about losing in their "capitalist" battle against the newspapers (Schmidt's words in the article below).
In an interview with Maureen Dowd, she quotes Eric Schmidt, The Chief Executive Officer (CEO) of Google:
The quote is SO true.
Look at most big companies today. They do not invent new products and often squelch new ideas (Apple is an anomaly, as is Steven Jobs). Usually the big companies use their money to BUY the innovation or innovated company. Maybe Google will be different too, like Apple?!?
In an interview with Maureen Dowd, she quotes Eric Schmidt, The Chief Executive Officer (CEO) of Google:
“The best way to get out of this is to invent a new product. That’s the way Google thinks. Incumbents very seldom invent the future.”
The quote is SO true.
Look at most big companies today. They do not invent new products and often squelch new ideas (Apple is an anomaly, as is Steven Jobs). Usually the big companies use their money to BUY the innovation or innovated company. Maybe Google will be different too, like Apple?!?
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