[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.

Personality and salesmanship do not produce except in the competitive sense.

... in going over the history of all the inventions for which history could be obtained it became more and more clear that in addition to training and in addition to extensive knowledge, a natural quality of mind was also necessary.

An inventor is one who can see the applicability of means to supply demand five years before it is obvious to those skilled in the art.

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.

All our civilization is based on invention before invention, men lived on fruits and nuts and pine cones and slept in caves.

Standardization does not produce although admirable as an efficiency method.

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.

No organization engaged in any specific field of work ever invents any important developers in that field, or adopts any important development in that field until forced to do so by outside competition.