Comments on: Internet economy in “interesting times” http://www.wadstrom.net/2008/07/06/internet-economy-in-interesting-times/ Entrepreneurship in the Internet and Technology Era Thu, 15 Oct 2009 19:33:27 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Wille http://www.wadstrom.net/2008/07/06/internet-economy-in-interesting-times/comment-page-1/#comment-1418 Wille Fri, 25 Jul 2008 13:41:01 +0000 http://www.wadstrom.net/2008/07/06/internet-economy-in-interesting-times/#comment-1418 <i>In the past year there have been a lot of emphasis on economic down-turn</i> A lot of the doom mongering is probably not too far off, it is likely that we are seeing one of the biggest downturns since the Great Depression. BUT, that in itself is an opportunity - "necessity is the mother of all inventions" holds very true. When people are up against the wall, pressed for money, they will be more likely to both come up with innovation that breaks the mould of incremental improvement on the pre-existing, and they will also be more likely to adopt it if it saves money, time or increases productivity dramatically. In the past year there have been a lot of emphasis on economic down-turn
A lot of the doom mongering is probably not too far off, it is likely that we are seeing one of the biggest downturns since the Great Depression.

BUT, that in itself is an opportunity – “necessity is the mother of all inventions” holds very true.
When people are up against the wall, pressed for money, they will be more likely to both come up with innovation that breaks the mould of incremental improvement on the pre-existing, and they will also be more likely to adopt it if it saves money, time or increases productivity dramatically.

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