Mary Meeker’s annual report on internet trends shows how the market for smartphone operating systems has been completely transformed in eight years. This holds some important innovation lessons.
Successful innovation requires not just finding great new ideas, but taking advantage of them too. This means that we have to strike a balance between executing older ideas and searching for new ones.
If we want to be more innovative, learning how to ask better questions is a key skill to develop.
Things don’t always go the way we plan – and if we’re innovating, we shouldn’t expect them to. Here are some ideas for coping with this.
What are your barriers to business success? A study from my colleagues shows that innovators don’t see barriers. Instead, they use obstacles to spur innovations that help them outpace the competition.
The way to win is to be extremely good at the jobs that are diabolically hard – figure out how to do that, and you’ll do ok.
To innovate, we need three things: a great idea, that creates value for people, made real. If we only have two out of the three, then we have an innovation trigger: fear, fantasy or frustration.
Here is a simple process that will help you innovate more effectively.
When new ideas arrive, it might be easy to see that they will eventually win. But when should you adopt these ideas? It’s a hard question to answer.
After a string of innovation failures, LEGO nearly went out of business in 2003. Brick by Brick tells the story of how this happened, and how LEGO turned things around to become an innovation powerhouse again. There are some broad lessons that can be learned from this story.
My goal here is to help people that are trying to build a better world. I want to help make work more interesting. I hope that we can work together to do that. This is why we need to think of innovation as a discipline.
We know how to make organisations more innovative, but we don’t act on this knowledge. Why? Sometimes it’s because it’s hard, which isn’t a very good excuse.