**New business concepts are always, always the product of…
“**New business concepts are always, always the product of lucky foresight.** That's right - the essential insight doesn't come out of any dirigiste planning process; it comes form some cocktail of happenstance, desire, curiosity, ambition and need. But at the end of the day, there has to be a degree of foresight -- a sense of where new riches lie. So radical innovation is always one part fortuity and one part clearheaded vision. [first-line bold by author] [2002] p.23”
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
Innovation arises from a blend of chance events and deliberate vision, not from rigid planning.
In simple terms: Innovation needs luck and foresight.
Key Takeaway
Balance serendipity with strategic insight.
Themes
innovation
entrepreneurship
vision
Mood
optimistic
determined
Type
inspirational
practical
When to use this quote
- startup founding
- product development
- market research
- R&D strategy
Key Concepts
serendipity
strategic planning
creative insight
Questions to Reflect On
- How can you cultivate foresight while staying open to chance?
- What processes help turn accidental insights into viable products?
A Different Perspective
Relying too much on luck can lead to missed opportunities if vision is weak.