The Three Buckets of Product Development

The speaker discusses the three buckets of product development, process improvement, and invention, and expresses excitement for all three. They reflect on the tremendous progress humanity has made over time through incremental improvements and mention that the well-being of the average human being is tied to product enhancement and process improvement. They also mention that leaps and new inventions get more attention, but they personally may be drawn more to the first two categories. They believe that a business needs all three.