Managing an Innovation Portfolio

Yesterday I talked about how inertia is the biggest obstacle to innovation. One way to get around this problem is to explicitly incorporate innovation into your strategy. One key aspect to doing this is to manage innovation as a portfolio. To do this, you need to invest in innovation across multiple time horizons. We tend […]

Putting in the Hours

When I was in university I spent a whole lot of time at the campus radion station. I started out as a trainee DJ in the first semester. I was in the practice studio constantly, spinning records, making segues from one cut to the next, talking on the microphone and taping it so I could […]

Playing to Save the World

In this week’s class we talked about Jane McGonigal’s TED talk on using games to save the world. It’s one of my favourite recent talks, and it’s worth a watch: Her key idea is that we can harness the efforts put into online games can to solve real-world problems. Her latest game is called Evoke, […]

Business Model Innovation for News

We’ve talked quite a bit about the situation in which the news industry currently finds itself. It is interesting because it is an industry in the middle of massive disruption, which makes it a great case study. Consequently, lots of other people are talking about it as well. This week I tweeted abougt two stories […]

The Economy is a Network

The word “network” causes a lot of the same problems that “innovation” does – it is used in so many different ways that it is often hard to tell exactly what the user means, it’s in fashion to the point of sounding like hype, and as a consequence a lot of people are ready to […]

Why Your Great Idea Will Fail

There are a few reasons why your great idea will fail. The main one is that it will fail because it isn’t executed, or it isn’t execute well. We’ve talked about the problems with focusing just on ideas many times before. Last week I read an outstanding post by Matt Perez and realised why this […]

Innovation for the Long Term

We had some rain here over the weekend. Here is what was reported in yesterday’s Australian Financial Review (emphasis added): Heavy rains fell across NSW and south-east Queensland over the weekend, which flooded homes and roads, brought down trees and caused motor accidents. But in good news for Sydney, 115 millimetres of rain fell across […]

Grit versus Intelligence in Innovation

When I was younger, I placed a high value on intelligence. It made sense, since I was reasonably smart. However, it wasn’t until I added some grit that I started to really get things done. Up until my university years, most things came pretty easily to me. I was fortunate in that I was able […]

Innovations That Last

Here’s another video: Innovations that Last from Tim Kastelle on Vimeo. Here’s the brief summary: Today I wore to work a shirt that I bought in 1994. I’ve worn it a whole lot in the time since I bought it. It was made by Timberland, and it’s a well-made shirt that is still in pretty […]

I Have No Idea How the iPad Will Do!

With all the feverish discussion and prognostication about Apple’s preview of the iPad, I want to be the first person online to make this prediction: I have absolutely no idea how the iPad will perform. I’ll go one step further – neither does anyone else. The benefit of making predictions right now is that if […]

Low Tech Networks

Everything is different now that we’re all knowledge workers, right? The digital world has changed everything… hive mind… singularity… chaos! change! panic! PANIC! Maybe. Maybe not. Yesterday I talked about the risks and rewards of low-tech innovation – if we re-think the most basic parts of our value networks, the parts that we take for […]

Behavioural Innovation

I’ve been reading a lot of things from Umair Haque recently, and there he has some ideas that are definitely worth exploring. This is a talk that he gave last year which outlines several of his major themes. It is 20 minutes long, and well worth the time: Umair Haque at BRITE ’09 conference from […]