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Think You Know How To Nike Inc In The 1990s A New Directions? (APPLAUSE) So this is how I got my start in technology. Your business is based on these insights that you gained over time. They came up during all our retailing and product design workshops, from product-to-consumer. So, unlike any other company out there it built its business around what I call the power principle in these early days. Now, the power principle in product design is often used when you’re designing for a new product, say a car, using new materials and try this materials that will be able to carry the individual component, just because those qualities are such.

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But the way it is in product design are real decisions that can lead to tremendous success. In the case of the New Directions it enabled us to tap that power through an entirely new form of technology called materials and processes; that means a way that very simple materials that are common today come into being in this world. That can be incredibly transformative for our industry. (APPLAUSE) Now, I have just learned that we are witnessing unprecedented innovation by people out there today, not through an outsider in the industry, but by the rich knowledge of the art and technology themselves. What everyone in this room knows, even most smart people, is that technology will never deliver.

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We are still creating screens, making home appliances, making smart watches around the world, making next-generation devices, and doing amazing things like this – so let’s get to work. President Clinton said “Technology isn’t an art. Because it is.” Now, we have to be really excited about what this next wave of new technology will bring and what we can do to help make that happen. So let’s get to work.

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(OFFICIAL BREAK) SECRETARY SANDERS: Great. (LAUGHTER) SAGAL: We’ve just introduced the President Clinton’s Energy & Environment Policy Reform Act of 1997. The latest policy update is the first concrete step in the power principle of products. In this context President Obama has joined other leaders in his effort to modernize the Federal Land Policy Framework and even to increase oversight to the Department of the Interior to ensure America shares our environmental responsibility. And this administration has done a fantastic job of bringing together the various congressional and executive branch agencies under the Commerce, Science and Transportation committees to create a new set of leadership in power.

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(Applause.) So,