Disruptive Innovations Create Jobs, Efficiency Innovations Destroy

In Most Instances, Biotechnology, Though A Radically Different Approach, Is A Sustaining Technology: It's A Dramatically Improved Way Of Targeting Problems That We Hadn't Been Able To Solve With The Conventional Approach Of Mainstream Pharmaceutical Companies.

I Don't View It As Mystic. I Believe That God Is Our Father. He Created Us. He Is Powerful Because He Knows Everything. Therefore Everything I Learn That Is True Makes Me More Like My Father In Heaven. When Science Seems To Contradict Religion, Then One, The Other, Or Both Are Wrong, Or Incomplete. Truth Is Not Incompatible With Itself. When I Benefit From Science It's Actually Not Correct For Me To Say It Resulted From Science And Not From God. They Work In Concert.

It's Like In Biological Evolution: The Population Will Evolve, Even Though Individuals Can't. The Same Thing Happens In The Corporate World: The Population Of Business Units Within Corporations Evolves, Even Though Individual Business Units Can't. That's Because The Capabilities Of Business Units Reside In Their Processes And Their Values, And By Their Very Nature, Processes And Values Are Inflexible And Meant Not To Change.

Because These Firms Listened To Their Customers, Invested Aggressively In New Technologies That Would Provide Their Customers More And Better Products Of The Sort They Wanted, And Because They Carefully Studied Market Trends And Systematically Allocated Investment Capital To Innovations That Promised The Best Returns, They Lost Their Positions Of Leadership.

If The Theory Accurately Predicts What They [scientists] See, It Confirms That It's A Good Theory. If They See Something That The Theory Didn't Lead Them To Believe, That's What Thomas Kuhn Calls An Anomaly. The Anomaly Requires A Revised Theory - And You Just Keep Going Through The Cycle, Making A Better Theory.