Joseph Doiron
A blog with its fingers on the pulse of social, cultural and technological innovation.
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2 posts tagged entrepreneurship
“Only operations that are well-established, high-turnover, standardized or highly subsidized can afford, commonly, to carry the costs of new construction. Chain stores, chain restaurants, and banks go into new construction. But neighborhood bars, foreign restaurants and pawn shops go into older buildings. Supermarkets and shoe stores often go into new buildings; good bookstores and antique dealers seldom do. Well-subsidized opera and art museums often go into new buildings. But the unformalized feeders of the arts - studios, galleries, stores for musical instruments and art supplies, backrooms where the low earning power of a seat and table can absorb uneconomic discussions - these go into old buildings …
Old ideas can sometimes use new buildings. New ideas must come from old buildings.”
Jane Jacobs as quoted by Stewart Brand in “Nobody Cares What You Do in There: The Low RoadÂ
“Innovation is the specific function of entrepreneurship, whether in an existing business, a public service institution, or a new venture started by a lone individual in the family kitchen. It is the means by which entrepreneurs either create new wealth-producing resources or endow existing resources with enhanced potential for creating wealth.”
(Drucker, 2002)
