A note from Daniel

By the turn of the twentieth century, General Electric—the direct descendant of an Edison company—had 20,000 employees, a part-time "inventions department" of 300 men, and an annual R&D budget of $2.5 million. These innovators generated enough ideas to keep 15 patent attorneys and a team of clerks busy filing 40 patent applications per month. Still going strong more than a century later, GE now employs more than 300,000 people, operates a global R&D department of 2,800 scientists and technicians, spends $4.3 billion annually on research, and submits an estimated 200 patent applications per month. Appropriately, its blog is called Edison's Desk.

Daniel Shortcut, page 98 · April 11, 2024 Save to shelf
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