The idea for the world’s first CT scanner was conceived in 1967 by Godfrey Hounsfield, a scientist at EMI, a British company. However, much to EMI’s dismay, by the time Hounsfield was rewarded for his innovation with the 1979 Nobel Prize in Physiology or Medicine, the company had ceded almost complete control over the CT scanner market to later entrants GE and Siemens.
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Almost 99 % of innovators do not innovate for financial gains. Its the bigger picture of making lives better that drives them. Ofcourse if you look at the financial impact they have failed, but they won their war when they invented it. People who come in post the innovation phase have come in looking at the financial viability and that is the reason they are more likely to succeed.
on May 21, 2012It is more important to maintain leadership after earning tons of money, then next step is to utilize it and maintain it. That's where u skills will be tested to the core.
on May 19, 2012Tons of sense. "First mover advantage" is taught in many business books and MBA schools. Many times, not really an advantage at all, or quickly lost. Another notable example will be Nikola Tesla's loss to Thomas Edison.
on May 9, 2012Agreed but XBox beat Sony PS3? Ermm...
on May 9, 2012