In his TED talk about innovation, Toby Shapshak, shows that in developed countries, people spend a lot of their day doing “time wasters” – which takes time away from the time they spend innovating.

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In the world of innovation, shocking upsets lurk on every successful product’s horizon. An amazing product like the iPhone will take over the market. Challengers quickly rise and are just as quickly vanquished. Like Michael Phelps in 2008, the new product seems unstoppable.

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