Acceptance Quote by Reginald Fessenden
“Combination does not produce though mergers and combinations are still the accepted panacea. In Big business there appears to be increasing aridity, bureaucracy, and stultifying sacrifice of initiative and above all fear.”
About This Quote
Source Essay: Business Innovation, 1925
Mergers often fail to generate true innovation; bureaucracy and fear suppress initiative.
In simple terms: Mergers hinder innovation; fear blocks initiative.
Key Takeaway
Encourage autonomy over rigid structures.
Themes
innovation
bureaucracy
fear
initiative
Mood
analytical
critical
Type
strategic
philosophical
When to use this quote
- corporate mergers
- startup culture
- policy making
Key Concepts
organizational behavior
economics
Questions to Reflect On
- How can firms foster initiative?
- What alternatives to mergers exist?
A Different Perspective
Change resistance may stall reforms.
![“[In relation to business:] Invention must be its keynote-a steady progression from one thing to another. As each in turn approaches a saturated market, something new must be produced.” quote by Reginald Fessenden](https://sms4smile.com/quotes/img-quotes/99b/reginald-fessenden-41467_approach_in-relation-to-business-invention-must-b_64650.jpg)
![“And invention must still go on for it is necessary that we should completely control our circumstances. It is not sufficient that there should [only] be organization capable of providing food and shelter for all and organization to effect its proper distribution.” quote by Reginald Fessenden](https://sms4smile.com/quotes/img-quotes/f21/reginald-fessenden-41467_capable_and-invention-must-still-go-on-for-it-is_2565405.jpg)
![“The inventor and the research man are confused because they both examine results of physical or chemical operations. But they are exact opposites, mirror images of one another. The research man does something and does not care [exactly] what it is that happens, he measures whatever it is. The…” quote by Reginald Fessenden](https://sms4smile.com/quotes/img-quotes/8df/reginald-fessenden-41467_care_the-inventor-and-the-research-man-are-co_2587374.jpg)
