Comments on: The Pace of Economic Evolution http://timkastelle.org/blog/2010/01/the-pace-of-economic-evolution/ Tim Kastelle & John Steen Wed, 28 Jul 2010 23:10:31 +0000 hourly 1 http://wordpress.org/?v=3.0 By: Grit versus Intelligence in Innovation « Book Reviews « Innovation Leadership Network http://timkastelle.org/blog/2010/01/the-pace-of-economic-evolution/comment-page-1/#comment-3858 Grit versus Intelligence in Innovation « Book Reviews « Innovation Leadership Network Sat, 06 Feb 2010 05:50:54 +0000 http://timkastelle.org/blog/?p=1065#comment-3858 [...] inventing something and the idea actually getting embedded in the economy – there are several examples here, and a discussion of Edison and the light bulb also illustrates the point. Randy Haykin talks about [...] [...] inventing something and the idea actually getting embedded in the economy – there are several examples here, and a discussion of Edison and the light bulb also illustrates the point. Randy Haykin talks about [...]

]]> By: uberVU - social comments http://timkastelle.org/blog/2010/01/the-pace-of-economic-evolution/comment-page-1/#comment-3390 uberVU - social comments Tue, 19 Jan 2010 03:22:15 +0000 http://timkastelle.org/blog/?p=1065#comment-3390 <strong>Social comments and analytics for this post...</strong> This post was mentioned on Twitter by timkastelle: New blog post: The Pace of Economic Evolution - it's MUCH slower than we expect! http://bit.ly/7yktST #innovation... Social comments and analytics for this post…

This post was mentioned on Twitter by timkastelle: New blog post: The Pace of Economic Evolution – it’s MUCH slower than we expect! http://bit.ly/7yktST #innovation…

]]> By: Tim http://timkastelle.org/blog/2010/01/the-pace-of-economic-evolution/comment-page-1/#comment-3252 Tim Tue, 12 Jan 2010 01:11:59 +0000 http://timkastelle.org/blog/?p=1065#comment-3252 All very good points Ralph. I think you're exactly correct about the importance of managing innovation all the way through the process. All very good points Ralph. I think you’re exactly correct about the importance of managing innovation all the way through the process.

]]> By: Ralph http://timkastelle.org/blog/2010/01/the-pace-of-economic-evolution/comment-page-1/#comment-3250 Ralph Tue, 12 Jan 2010 01:07:58 +0000 http://timkastelle.org/blog/?p=1065#comment-3250 Tim, thank you for raising an important issue here: "Spreading the idea" doesn't only include getting an idea promoted and executed, but also bringing it successfully to the market. Also from my own experience I know that it's challenging to select the right ideas for products, processes etc. But just as demanding it is to keep the execution/development "on track" by overcoming technology, communication and collaboration roadblocks. As "time-to-money" is getting increasingly important for innovation success, it's one of the major tasks for innovation management to keep this span as short as possible. I'm pretty sure that managing the entire innovation process in a proper way is more and more going to serve as a competitive advantage for companies. This implies - "doing the right things", i.e. selecting the right ideas and - "doing the things right", i.e. efficiently diffusing selected ideas into organization and market. In this regard it's indicated to look into and understand crucial parts of the process, such as idea selection, breaking connections within the value network or resistance against new ideas. The overall optimization of the innovation process is critical for commercial success - and that's what distinguishes an innovation from an idea! Looking forward to reading your upcoming posts. Regards Ralph Tim,

thank you for raising an important issue here: “Spreading the idea” doesn’t only include getting an idea promoted and executed, but also bringing it successfully to the market.

Also from my own experience I know that it’s challenging to select the right ideas for products, processes etc. But just as demanding it is to keep the execution/development “on track” by overcoming technology, communication and collaboration roadblocks.
As “time-to-money” is getting increasingly important for innovation success, it’s one of the major tasks for innovation management to keep this span as short as possible.

I’m pretty sure that managing the entire innovation process in a proper way is more and more going to serve as a competitive advantage for companies. This implies
- “doing the right things”, i.e. selecting the right ideas and
- “doing the things right”, i.e. efficiently diffusing selected ideas into organization and market.

In this regard it’s indicated to look into and understand crucial parts of the process, such as idea selection, breaking connections within the value network or resistance against new ideas. The overall optimization of the innovation process is critical for commercial success – and that’s what distinguishes an innovation from an idea!

Looking forward to reading your upcoming posts.

Regards
Ralph

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