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Comment on Steve Jobs and the Eureka Myth

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Under Jobs' leadership, Apple has done 10 times the amount of relevant homework of most companies — internal competitions, supply chain training, endless deal-making, endless recruiting, training, and generating and sustaining employee excitement that you just can't fake.

If others emulated that, all of that, their results would be a lot more like Apple's.

Apple has fairly high profit margins on their products, and this allows them to spend more on development and marketing. I think a lot of companies wouldn't be able to support such a model.

you are being downvoted because your comment has a fairly obvious chicken and egg problem which I don't think you fully reasoned to it's logical conclusion.

I don't see the chicken and egg problem. The company has lots of money to spend on R&D. So they can spend money on competing ideas and choose winners. Not all companies have money to spend on R&D.

and where does the company get the money to spend on R&D? That is the chicken and egg problem. That's like saying Warren Buffet is good at picking stocks because he is rich and can afford to spend more money picking stocks.

Generally by borrowing it, if they don't have a cash surplus.

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