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Innovation Lessons from the Rise of Tesla Motors

By on 15 May 2013 in business models, evolving economic entities

I’m in Palo Alto right now, and electric cars are all over the road. This is a pretty good sign that they are traveling up the innovation diffusion s-curve, and are coming soon to a road near you.

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Food, Connection & Innovation

By on 7 May 2013 in business models, connect

The startup Thumbtack hired a full-time chef a few years ago, and it transformed their business. It’s a great story of unintended business model innovation that we can learn from.

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Here is Why You Need Business Model Innovation

By on 3 May 2013 in business models, experiments

Business model innovation is relatively easy to do when you’re a startup. But it’s also a really important skill for established firms to build. In this post I discuss why, and how to approach it effectively.

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Do You Really Know What Business You’re In?

By on 17 April 2013 in business models, evolving economic entities

In 1993 you needed a phone, a laptop, a camcorder, a palm pilot, a watch, a walkman and a pager to do most of what you can do today with your smartphone. That’s amazing, and there are some important innovation lessons that follow from this.

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Innovation Challenge: Your Market is Never Stable

By on 15 April 2013 in business models, evolving economic entities

Change is one constant in business. The evolution of operating system market share demonstrates some important lessons for innovating in a constantly shifting environment.

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We’re All in the Knowledge Business Now

By on 19 February 2013 in business models, evolving economic entities

Many people think that their industry is immune from the disruption that we are seeing in music, news and books. However, we are not too far away from seeing every industry becoming knowledge-based. This has big implications.

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Four Key Issues in Innovation Management

By on 14 January 2013 in business models, experiments, innovation, Management, The Innovation Matrix

Ralph Ohr & I met up at the end of last year and talked a lot about the state of innovation. These are the four issues that we identified as the ones that we think are the most important/interesting in the field right now.

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Your Competition is Never “No One”

By on 6 December 2012 in business models

If someone tells you that they don’t have any competitors, that is a major danger sign. That’s what the startup I worked for thought, and it’s part of why we blew up. You always have some type of competition.

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Here’s Why Many Innovation Initiatives Fail

By on 25 November 2012 in business models, design

Wouldn’t it be great if you could do customer service like Zappos?  Or design like Apple? Or innovation like 3M? Who wouldn’t want to be like those firms? Well, it’s not so simple. Barry Dalton wrote an excellent post called You Can’t Be Zappos (and why would you want to be?) addressing exactly this issue. [...]

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The Four Stages of Responding to Disruptive Innovation

By on 13 November 2012 in business models, evolving economic entities

How should respond to potentially disruptive innovations? If the first response is ridicule, followed by aggression and bargaining, then you could be in trouble.

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There Must Be Forty Ways to Innovate

By on 5 November 2012 in business models, innovation strategy

Here’s a list of forty different ways that we can innovate. When we start to combine them, we can come with thousands of potential ways to structure our innovation process. Innovating the way we innovate is a huge opportunity.

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Xiameter Case Study: Adding Business Model Innovation

By on 29 September 2012 in business models, The Innovation Matrix

We often think that it’s particularly hard for big, established firms to innovate. Yes, there are obstacles. And yet, many manage to innovate, and to do so very effectively. Dow Corning and their business model innovation in launching Xiameter is a good case study of an innovative big firm.

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