The Best Way to Have a Great Idea…

Dual Nobel Prize winner Linus Pauling famously said “The best way to have a great idea is to have a lot of ideas.” He was right. Well, really, he won two Nobel prizes, so my opinion here is relatively unimportant. But anyway, I think he was right. The quote from Pauling showed up again recently […]

The Real Problem with the Media Business Model

Almost as soon as I finished yesterday’s post on media business models I knew that I had missed an important part of the story. A big part of the problem with the business model for many of the media segments is that they are actually two-sided markets, and the value proposition on one side has […]

Do Something Now!

I have an almost overwhelming amount of stuff to do right now. It’s all really interesting work, and I’m happy doing it – there’s just a lot of it right now. When I find myself in situations like this, I often end up paralysed, which makes things even worse. That is the situation that I […]

Your Brand is How You Interact

One of the key parts of innovation is getting our idea to spread. One of the disadvantages that new organizations have when they innovate is that they do not have any name recognition – in this situation people often think that if only they had a strong brand to support them, then it would be […]

Don’t Hire Experience, Hire Learners

A few weeks ago, the Australian Financial Review published an article discussing how Australian employers value job candidates with an MBA. The short summary is: they don’t value MBAs at all. One headhunter was quoted saying something along the lines of “most employers say that if you have to choose between getting an MBA or […]

Strategy is What You Do

I spent a very enjoyable day today working with a group of people that basically act as innovation consultants. They each work with firms in order to help them develop and embed innovation processes. In the course of the day, several of them said something that went something like “we’re not sure how their innovation […]

Convergence Culture & Innovation

Mitch Joel points to this excellent video by Henry Jenkins, which outlines some of the key points from his book Convergence Culture: Mitch uses this to point out the importance of storytelling in marketing: The brands that win are the brands that tell a great story. When it comes to transmedia storytelling, the brands that […]

The Art of the Innovator

Superconnect, the new book by Richard Koch and Greg Lockwood, includes this great quote from Denis Diderot in his Encyclopédie: Everything is linked together… beings are connected with each other by a chain of which… some parts are continuous, though in the greater number of points continuity escapes us… the art of the philosopher consists […]

Managing Different Creative Styles

Connecting ideas is the fundamental creative act of innovation. Trying to harness this creativity within ourselves and our organisations is the first step in managing innovation as a process. Of course, this is a step that resists systematisation – as Simon Bostock points out, innovation is a cloud not a clock. In that post he […]

Innovating Meaning

Often when we someone asks us to describe a product or a service, we tell them about features. What does it do? How does it do it? This is a mistake. Products and services are not about features – they are about meaning, and they are about getting jobs done. Here’s an example – listen […]

An Innovation Paradox

David Lazer included a really interesting demo in one of his talks at the Sunbelt Social Networks Conference. He was in a session talking about using the internet as a research resource, and there were about 100 people in the room. Lazer asked how many people there were under 30 years old – about 40% […]

Manage Knowledge Flow not Knowledge Stocks for Innovation Success

I am always skeptical of ‘everything is different now’ style arguments. If we think about the history of business, we have been trying to manage in a state of turmoil going back at least to the start of the industrial revolution, possibly longer. The introduction of railways, the telegraph, electricity and the automobile were all […]