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evolving economic entities | The Discipline of Innovation

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Who Invented the Computer?

Do you know who invented the computer? Most people don’t – I’m not even sure that there is an answer to that question. The fact that we don’t know tells us a lot about how innovation actually works.

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HNT Gordon Block Plane

New Markets Need New Tools

When markets change, we often try to keep using the same tools that we’ve always used, in the same way. This will lead to failure. We need to innovate the tools we use, or innovate the business model around the old tools.

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Gini Index

The Role of Innovation in Economic Growth & Inequality

Innovation drives economic growth, but the relationship between innovation and inequality is much less clear. It is possible to be an innovative country with low levels of inequality.

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Innovation Lessons from Amazon’s Shareholder Letters

Jeff Bezos’ annual letters to shareholders provide some interesting insights into how Amazon has managed to continue to innovate, even as they’ve grown to become enormous.

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Innovation Lessons from the Rise of Tesla Motors

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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Do You Really Know What Business You’re In?

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

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

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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Innovating by Going Backwards

We often picture innovation as a relentless forward march of progress. But sometimes, we can make a significant forward leap by first taking a step backwards. Here’s a small case study that shows how.

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Innovation for Growth

Why all this talk about innovation?  I get that question a lot. The reason that I think innovation is important is that it is the driver for growth.  Consequently, we’re changing the name of the blog to Innovation for Growth. Here are some of the reasons that I think it’s important to link innovation with […]

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The Four Stages of Responding to Disruptive Innovation

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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Are eBooks Really Books?

If I am fortunate enough to get promoted again, I’ll face a choice. My position can either be Associate Professor, or Reader. It will still be a while before I have to make that choice, but Reader is a pretty tempting title. Why would an academic be called a Reader? It comes from the days […]

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