Thursday, May 01, 2008

New Paradigms Don't Come from Old Paradigms

Quote of the Day:

The Rockefellers, of all families, should know that Exxon Mobil is unlikely to have much success ushering in a new energy paradigm that will change the world for the better. A company that depends on an established technology rarely has the incentives or ability to lead a shift to the technology that will upend the old way. The oil industry was created by a dry-goods merchant in Cleveland, not by whale-oil harvesters in New England.

~Daniel Gross in


At 5/01/2008 9:06 AM, Anonymous Anonymous said...

Aren't they just precious? The Rockefellers don't take any responsibility for managing the company yet they want to pull the strings when it suits them. The Rockefellers explain why so many family businesses do not manage to survive beyond the 3rd generation.

While large companies often find it challenging to innovation, there are certainly many examples of large companies that do...AT&T, Sears Roebuck, Tesco, Wallmart, Toyota.

Don't count out Exxon just yet. One also has to consider that many of these alternative fuels like the fuel cell are sinkholes for money. Rather than jumping on a populist bandwagon, for-profit entities look for economic viability and consumer acceptance.

It is the consumer not the Rockefellers & politicians who will decide the winners & losers.


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