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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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.
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.
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.
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.
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.
Change is one constant in business. The evolution of operating system market share demonstrates some important lessons for innovating in a constantly shifting environment.
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.
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.
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 […]
How should respond to potentially disruptive innovations? If the first response is ridicule, followed by aggression and bargaining, then you could be in trouble.
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 […]
- What If We’re Thinking About Organisations All Wrong? 24 April 2014
- Things Don’t Always Go According to Plan 22 April 2014
- Tools for Unlocking Innovation 13 April 2014
- Where Others See Only Barriers, Innovators See Opportunities 9 April 2014
- Improve Your Personal Innovation Skills 6 April 2014
- The Difference Between Good and Great 4 April 2014
- 3 Innovation Triggers: Fear, Fantasy & Frustration 31 March 2014
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