Why We’re Failing At Big Innovation

“Today’s belief in ineluctable certainty is the true innovation-killer of our age. Any strategy that involves crossing a valley–accepting short-term losses to reach a higher hill in the distance–will soon be brought to a halt by the demands of a system that celebrates short-term gains and tolerates stagnation, but condemns anything else as failure. In short, a world where big stuff can never get done.”

Philadelphia Orchestra Tells Court It Will Shut Down Without Loan

“The Association has applied to U.S. Bankruptcy Court for permission to assume $3.1 million in debt to pay operating costs, including salaries and vendor bills. ‘Unless these expenses are paid, the Debtor will be forced to cease operations, which would likely result in irreparable harm …’ the Association states in papers filed Wednesday.”

Why Paulo Coelho Gives His Novels Away Online

“I saw the first pirated edition of one of my books, so I said I’m going to post it online. … I put this first copy online and I sold, in the first year, 10,000 copies there. And in the second year it jumped to 100,000 copies. … Then I started putting other books online, knowing that if people read a little bit and they like it, they are going to buy the book.”