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We…have…technologists…at…Raychem…who…are…superb…in…the…labsBut…is…this…really…the…whole…story?Not…entirely,…according…to…author…Steven…JohnsonHow….do….you….motivate….people….over….the….long….haul….to….keep….them….focused….on….innovation?….Cook,….65,….is….a….graduate….of….the….Massachusetts….Institute….of….Technology….and….a….former….head….of….the….Radiation….Laboratory….at….the….Stanford….Research….InstituteThey..want..to..contribute..to..giving..society..more..comfort,..better..health,..more..excitementLearn..More..Arjun..('18)..Arjun,..co-founder..of..startup..Trakfire,..participated..in..SMASHD/labs:..A..Masterclass..in..Hustle,..a..10-week..incubator..program..sponsored..by..Atom..Factory,..a..multi-dimensional..entertainment..and..artist..management..company..based..in..Los..AngelesEvery..dayAlmost…every…day…I…use…the…telephone…to…contact…Raychem…people…somewhere…in…the…worldWe…had…been…secretly…working…on…the…technology…for…years…so…the…competition…couldnt…find…outIts….price-earnings….multiple….of….30….is….well….above….market….averagesSo….far….its….taken….$150….million….to….get….Raynet….on….its….feet,….and….we….havent….made….the….first….sale….yetDr…Silke…Tegtmeier…President-elect,…European…Council…for…Small…Business…and…Entrepreneurship…In…a…world…characterized…by…accelerated…dynamism,…innovation…is…a…sine…qua…non…for…everyone…irrespective…of…their…life…and…work…conditionsBut…Im…going…to…show…you…how…over…a…period…of…time…that…investment…is…going…to…pay…offIt…manufactures…much…of…the…high-performance…wire…and…cable…that…runs…through…military…and…commercial…aircraftOur..fiber-optics..subsidiary,..which..is..one..of..the..most..exciting..new..ventures..in..the..company,..is..a..good..exampleRaynet,….Raychems….fiber-optics….subsidiary,….has….developed….a….Loop….Optical….Carrier….(LOC)….system….that….delivers….fiber….from….telephone-company….central….offices….to….the….home-the….last….leg….of….the….U.SAre….there….whole….new….ways….to….solve….the….problemways….that….might….cut….costs….in….half….or….double….or….triple….performance?…..So….we….plugged….gels….into….research….to….explore….what….fundamental….technologies….were….involved

Size…is…the…enemy…of…innovationIt….also….comes….from….your….early….life,….your….education,….the….kind….of….encouragement….you….got….to….be….creative….and….originalLets..talk..about..technologyParticular…attention…deserves…the…emphasis…on…innovative…womenAnd..believe..me,..we..are..going..to..stick..with..that..technologyWe..want..to..grow..this..company..from..$1..billion..a..year..to..$5..billion,..and..we..dont..do..big..acquisitionsWe..celebrate..people..who..steal..ideas..from..other..parts..of..the..company..and..apply..them..to..their..workAbout..CNBC:CNBC..is..the..recognized..world..leader..in..business..news,..providing..real-time..financial..market..coverage..and..business..information..to..more..than..340..million..homes..worldwide,..including..more..than..95..million..households..in..the..United..States..and..CanadaTheyve…learned…more…about…it,…theyve…penetrated…it…throughout…the…economy,…but…the…core…technologies…havent…changed…that…muchI..prefer..to..put..development..decisions..on..the..backs..of..technologists..rather..than..on..businesspeopleIn…essence…it…means…that…invention…is…dependent…on…the…right…circumstances…-…as…in…a…chess…game,…where…there…are…a…finite…set…of…moves…available…at…any…given…time."You…can't…invent…a…microwave…oven…in…1650,…it's…just…beyond…the…bounds…of…possibilityI….can….tell….you….how….a….French….engineer….might….approach….that….same….problemAmerican….technologists….are….still….without….peer….in….terms….of….the….imagination….they….bring….to….problems 07f867cfac



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