QuoteProject
My half-baked reading of history is that we continue to go through these waves of entrepreneurial explosion followed by merger mania and consolidation. Out of that come big sluggish companies that eventually collapse under the weight of what they've created, and are killed off by the next wave of entrepreneurs.
Tom Peters
ShareWTF𝕏

Interpretation

What this quote means

Entrepreneurship goes through cycles of innovation and consolidation, leading to the rise and fall of companies.

Tom Peters reflects on the cyclical nature of entrepreneurship where periods of vigorous innovation and start-ups are often followed by mergers and acquisitions. This cycle eventually leads to the creation of large, unwieldy corporations which can become stagnant and fail, making way for a new generation of entrepreneurial ventures that bring fresh ideas and disrupt the status quo again.

Themes

EntrepreneurshipInnovationMergersBusiness CyclesCompanies

In practice

Example use cases

During a business conference discussing trends, one might say this quote to highlight the importance of constant innovation.

More from Tom Peters

The simple act of paying positive attention to people has a great deal to do with productivity.
Tom PetersRead
Nearly 100% of innovation-from business to politics-is inspired not by "market analysis" but by people who are supremely pissed off by the way things are.
Tom PetersRead
Leaders don't create followers, they create more leaders.
Tom PetersRead
The little people will get even, which is one of a thousand reasons why they are not little people at all. If you're a jerk as a leader, you will be torpedoed. And usually it won't be by your vice presidents; it will be on the loading dock at 3am when no supervisors are around.
Tom PetersRead
Champions are pioneers, and pioneers get shot at. The companies that get the most from champions, therefore, are those that have rich support network so their pioneers will flourish. This point is so important it's hard to overstress. No support systems, no champions. No champions, no innovations.
Tom PetersRead
If you're not confused, you're not paying attention.
Tom PetersRead

Similar quotes

Every business is a monarchy with, not a man, but an idea as king.
Henry FordRead
To escape the curse of commoditization, a company has to be a game-changer, and that requires employees who are proactive, inventive and zealous.
Gary HamelRead
Companies, in fact, are specifically organized to under-invest in disruptive innovations! This is one reason why we often suggest that companies set up separate teams or groups to commercialize disruptive innovations. When disruptive innovations have to fight with other innovations for resources, they tend to lose out.
Clayton M. ChristensenRead
If you're competitor-focused, you have to wait until there is a competitor doing something. Being customer-focused allows you to be more pioneering.
Jeff BezosRead
Business plans are the tool existing companies use for execution. They are the wrong tool to search for a business model.
Steve BlankRead
By simply capitalizing on core strengths and knowledge, companies and entrepreneurs can engage in an emerging business model that will enable them to create - and demonstrate - real, sustainable social impact in society.
Muhammad YunusRead

A little wisdom, now and then

Subscribe for the occasional hand-picked quote. No noise.