Technological Revolutions and the Governance Gap
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There is often a gap between how fast technology changes, and how fast human institutions respond to this change. This Governance Gap is one of the core problems of management today.
Category Archives: evolving economic entities
Innovation is How We Adapt to Change
To flourish and grow, we need to innovate
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If our eternal rate of change doesn’t match the rate of change in our environment, we’re in big trouble. The way to avoid this is innovating more.
Innovation: Action That Could Be Considered a Ridiculous Error in Judgement
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Change Happens Fast
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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.
To Create the Future, We Must Understand the Past
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We often think of new ideas fighting with older ideas, but the truth is that new ideas never work without building on older ones.
Who Invented the Computer?
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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.
New Markets Need New Tools
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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.
The Role of Innovation in Economic Growth & Inequality
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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.
Innovation Lessons from Amazon’s Shareholder Letters
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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.
Innovation Lessons from the Rise of Tesla Motors
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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.
Do You Really Know What Business You’re In?
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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.
Innovation Challenge: Your Market is Never Stable
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Change is one constant in business. The evolution of operating system market share demonstrates some important lessons for innovating in a constantly shifting environment.