I solved a mystery recently that had been bothering me for months. There’s about a seven minute walk from the main faculty parking lot on campus to my office. About halfway through this walk, there are two paths that you can take – one covers significantly less distance. I’ve always taken this shorter route. One […]
Note: This is part of a series of posts explaining the individual parts of The Innovation Matrix. See this post for a description of the full model and what can be done with it. Unicorns In the last post, I discussed the three stable states in the Innovation Matrix. These are the places where Innovation […]
Note: This is part of a series of posts explaining the individual parts of The Innovation Matrix. See this post for a description of the full model and what can be done with it. Fit for Purpose and World Class Innovators In a perfect world, as firms increase their Innovation Competence, their Innovation Commitment, should […]
I’ve written a couple of posts recently on the importance of network diversity for innovation and how dense networks can actually inhibit innovation. Since the 1970s, the dominant view in network analysis of innovation is that novelty comes from sparely connected network where ‘structural holes’ exist to preserve diversity. Weak links between knowledge clusters are […]
You probably heard about the contest that Netflix started in 2006 to crowdsource improvements in their recommendation algorithm. They offered a $1 million prize to anyone that could improve the accuracy of the recommendation algorithm by at least 10%. In 2009, a team of people hit the target, and won the prize. Awesome, right? The […]
Note: This is part of a series of posts explaining the individual parts of The Innovation Matrix. See this post for a description of the full model and what can be done with it. Bewildered Organisations that are Thinking About Innovation have two directions they can take. Ideally, they will improve their Innovation Competence, which […]
Occasionally I run into a particular situation that is based on a very fundamental misunderstanding of the function of social networks. In an effort to make an organization or industry more innovative, someone gets the idea that we need to get everyone talking to everyone else. In other words, the most innovative network is a […]
Note: This is part of a series of posts explaining the individual parts of The Innovation Matrix. See this post for a description of the full model and what can be done with it. Thinking About Innovation If you are starting out with no innovation capability, what is the first step that you should take […]
Note: This is part of a series of posts explaining the individual parts of The Innovation Matrix. See this post for a description of the full model and what can be done with it. Accidental Innovators This is a very interesting category. It includes firms that have little Innovation Commitment but who nevertheless actually have […]
Andrew Gelman wrote a post today that includes a great graph that shows how the innovation diffusion curve has played out for a number of major inventions over the past century. His post includes a discussion of how the graphic developed, an interesting story in itself. Here it is (click here to see it full-size): […]
Note: This is part of a series of posts explaining the individual parts of The Innovation Matrix. See this post for a description of the full model and what can be done with it. Not Innovating Very Much Firms that have no Innovation Commitment and no Innovation Competence unsurprisingly have limited innovation capability. Characteristics Firms […]
Note: This is part of a series of posts explaining the individual parts of The Innovation Matrix. See this post for a description of the full model and what can be done with it. Innovation Competence Innovation Competence is the second axis of The Innovation Matrix. One of the key insights from The Innovation Matrix […]
