Remove Agile Remove IRR Remove Mobile Remove Venture Capital
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ESADE Business School Commencement Speech

Steve Blank

Which brings me back to your mobile phones. It’s worth noting that everything from the Internet, to electric cars, genomic sequencing, mobile apps, and social media — were pioneered by startups, not existing companies. Disruptive innovation leads to the creative destruction of businesses that once seemed pre-eminent and secure.

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Intel Disrupted: Why large companies find it difficult to innovate, and what they can do about it

Steve Blank

As a consequence, corporations used metrics like return on net assets (RONA), return on capital deployed, and internal rate of return (IRR) to measure efficiency. First, the shift away from desktop computers to mobile devices meant that Intel’s power-hungry x86 processors weren’t suitable. But it’s not over for Intel.