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Could product innovation occur without making a profit?

Prager University 2012/04/25 00:34:03
Related Topics: iPhone, Light
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Would the iPhone
have been invented without chance of a profit? Would Edison have
labored to create the light bulb?
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  • Chris - The Rowdy One! #187 2012/05/21 16:26:18
    No. Entrepreneurs require monetary compensation for new inventions.
    Chris - The Rowdy One! #187
    Why work toward an end with no reward? It is not how humans are wired.
    reply
  • BryanCUFF 2012/04/28 18:59:45
    Yes. People are naturally passionate about creating new inventions regardless...
    BryanCUFF
    The internet is a good example of a technological innovation that was not created by profit motive.
    reply
  • V~POTL~PWCM~JLA 2012/04/25 01:14:13
    Yes. People are naturally passionate about creating new inventions regardless...
    V~POTL~PWCM~JLA
    +1
    Case in point: Linux

    reply
  • zbacku 2012/04/25 00:44:15
    No. Entrepreneurs require monetary compensation for new inventions.
    zbacku
    There can be no incentive unless there is a good chance of profit. Then the profit will bring jobs. More jobs brings productivity, thus PROFIT IS GOOD.

    Without PROFIT, there would be NO new products.
    reply

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2013/05/18 16:18:48

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