But is horsepower really more
expensive than innovation?
Not exact matches
They get rewarded in many other ways
than pure financial returns — including creating stronger suppliers, putting control levers in their industry, testing products, de-risking
innovation, and engineering less
expensive acquisitions.
There had been trade entrepot before the VOC, the bulk cog (type of sea - going ship) trade in the Hanseatic League, but the VOC
innovation was to pool capital to build giant spice freighters - more
expensive than a merchant partnership could likely finance (and stand to lose at sea) on their own but more efficient
than the cogs and focused on a trade good with more value.
Around 1 hour and 34 minutes in, Frank Geels, a professor of system
innovation and sustainability at the University of Manchester, said the key is to track and facilitate bottom - up shifts such as the popularity of household solar panels even when they are somewhat
expensive and citizen interest in electric bicycles more
than electric cars in China.
Direct public investment in
innovation is a faster means to this end
than gradually making dirty energy sources
expensive so that clean energy sources gradually become cost - competitive.
This has been a sticking point for reform because the justification for patents in pharma, where
innovation is slow and incredibly
expensive, is much different
than in tech where
innovations are often obsolete in a year or two.
«All these
innovations come at a price, and the cost of the Note8 will be the most
expensive version of the series — more so
than the ill - fated Note7,» added Lam.