Innovation Lessons from J. Peterman

The first thing that I ever bought from the J. Peterman catalog was the Otavalo Mountain Shirt: I had discovered the Peterman catalog very early in its existence, and after getting a few in the mail, I finally bought the shirt. I quickly discovered that the quality of clothes from Peterman was very high, and […]

I Have No Idea How the New iPad Will Do!

With the release of the new iPad just around the corner, I want to be the first to get in with this prediction for it: I have absolutely no idea how the new iPad will perform. I made exactly the same prediction at the release of the original iPad last year. Since people tend to […]

Hugh MacLeod Explains Innovation

I’m in the middle of reading Evil Plans, the excellent new book by Hugh MacLeod, which reminded me of one of my favourites from him. I think this is a pretty good and concise explanation of business model innovation: One way or another, to innovate successfully you have to be distinctive. In other words, Hugh […]

4 Roles for Your Innovation Team

Here’s a persistent innovation management question: is it better to have a dedicated team responsible for innovation, or should this responsibility be distributed throughout your entire organisation? The best answer depends on your circumstances. But if you set up a dedicated team, it’s important to consider what role you want them to play. There are […]

How to Innovate Ancient Technologies

People were using charcoal for art about 30,000 years ago. And we’ve been consciously manufacturing charcoal for at least 5000 years. Because charcoal burns hot and clean, it was the primary fuel source for making iron for quite a while, before it made its recent shift to cooking steaks on barbeques. Most of our charcoal […]

Make Your Own Box

I was talking with an entrepreneur recently and he told me a story about their early days. The sold a bunch of their products to one of the local department stores, and they thought this was the big opportunity that they needed. But none of their stuff sold, and they couldn’t figure out why. So […]

Don’t Underestimate Business Models that Don’t Look Like Yours

I ran across a shocking quote today. It’s from an article in the July issue of The Monthly by Malcolm Knox called The Next Chapter – which is about the current state of play with e-books. Here is the quote: Until this year, the argument over e-books centred on whether they would ever overtake print. […]

Innovation in India: The Value of Constraints

If you are even remotely interested in innovation (and how would you end up here if you aren’t?), then this talk by R.A. Mashelkar is worth 19 minutes of your time: Mashelkar talks about the importance of innovating for everyone – of getting more for more for less. To do this, he talks about the […]

The Business Model for Doing Something You Love

How do you build a business model for doing something that you love? It’s a difficult question. In most cases, it means that you need to build some sort of craft-based business model, which can be challenging. But if you do it right, you can create smarter conversations – a recent idea from Hugh MacLeod. […]

Innovation Stories: Internet Research, Wooden Engines & The Gap

Three stories that caught my eye today: First up, Stowe Boyd found this quote about competing with internet research firms Gartner and Forrester: In our view, firms wishing to disrupt the Gartner and Forrester models must have two particular attributes. First, they need a significant differentiator. It can be in specialization, the business model, service […]

How Do You Know When to Jump?

We keep hearing that the whole point of strategy is build a sustainable competitive advantage. This makes some sense, up to a point. The problem though is that the skills and routines that help us build one can also constrain us, and prevent us from responding to a changing environment. That change can be someone […]

Responding to Disruptive Innovation

This semester John and I used a simulation exercise in our MBA class. It gives you a chance to run a battery company that is facing a disruptive innovation (there’s a good description of it here). The company is in a market that is evolving – the majority of demand and revenue comes from the […]