The Social Construction of Business Models

One of the tricky parts of doing social science is that a lot of the things that we try to study are not actually real. Or, as Steve Horwitz puts it in an interesting post trying to define Austrian Economics: The “facts” of the social sciences are what people believe and think. This has some […]

The Role of Strategy

There is a terrific quote in Creative Disruption by Simon Waldman about strategy. It is from Markus Reckling, the Managing Director of Corporate Development for Deutsche Post – here’s the quote plus Waldman’s interpretation: “I used to think that strategy was about avoiding unforeseen events; now I it’s about making sure you can deal with […]

Make Your Own Box

I was talking with an entrepreneur recently and he told me a story about their early days. The sold a bunch of their products to one of the local department stores, and they thought this was the big opportunity that they needed. But none of their stuff sold, and they couldn’t figure out why. So […]

The World is Getting More Complex – Or Is It?

Note: This is a guest post by Neil Kay. It is part of a chapter that he is writing for a book that I am editing with David Rooney and Greg Hearn called Handbook of the Knowledge Economy, volume 2. We’ll post Neil’s chapter as he writes it over the next few weeks. He explains […]

Be Prolific and Focused: Innovation Lessons from the Beatles

Tim and I are now writing a lot on the importance of focus. Being successful with innovation is about managing the paradox of ‘disciplined creation’ and it helps to have some clear ideas about what you are trying to achieve and how you are going to create value. Part of this discipline is taking time […]

Common Knowledge

Note: This is a guest post by Neil Kay. It is part of a chapter that he is writing for a book that I am editing with David Rooney and Greg Hearn called Handbook of the Knowledge Economy, volume 2. We’ll post Neil’s chapter as he writes it over the next few weeks. He explains […]

The Innovation Matrix: People or Tools?

I had lunch last week with some managers from a company that is trying to improve their innovation performance. They kept asking me what tools should they be using to do this? Is there software that will help, or a process, or some other tool? I had to explain that there are a lot of […]

Innovation and Ambidexterity

Guest Post: by Ralph-Christian Ohr Tim wrote a post on “Staying Innovative While Growing”. I fully concur with his conclusion: “But it’s another innovation paradox – the small firms that might be most innovative often don’t have the market clout to get their ideas to diffuse. The firms that are big enough to get ideas […]

Don’t Underestimate Business Models that Don’t Look Like Yours

I ran across a shocking quote today. It’s from an article in the July issue of The Monthly by Malcolm Knox called The Next Chapter – which is about the current state of play with e-books. Here is the quote: Until this year, the argument over e-books centred on whether they would ever overtake print. […]

You Are What You Do

I often have people ask me how to build an innovative culture. The simple answer that is hard to execute is this: you build an innovative culture by innovating. Executing ideas is a critical part of innovation. If you think that innovation is only about having ideas, you won’t actually make anything. As fake Mark […]

Ten Reasons Why List Posts Are Bad

List posts are bad. They are highly popular, but they are the junk food of blogs. They hold out the promise of doing something interesting, but in the end they’re usually linkbait. If you read posts on how to get more traffic for your blog, making list posts is high on the inevitable list that […]

The Innovation Matrix

Note: this post has been updated in The Innovation Matrix Reloaded. Here’s a sketch that I came up with last week that helps explain how organisations get better at innovation: This is a bit of a distillation of observations over time.  I thought of it because I think that a lot of people that are […]