Business model innovation is relatively easy to do when you’re a startup. But it’s also a really important skill for established firms to build. In this post I discuss why, and how to approach it effectively.
Risk and uncertainty are two different things. Mixing them up causes problems. Here are some ideas for dealing with uncertainty in particular.
Frederick Douglass said “Those who profess to favor freedom and yet deprecate agitation are men who want crops without plowing up the ground…” He was talking about political reform, but this is also true of innovation as well.
Kristin Hersh’s two bands sound very different. Why? Because they have two different drummers. Culture plays that role in organisations. An idea that works great in one culture may fail miserably in an organisation with a different culture.
People often think that having a great idea is the hard part of innovating. Most of the time, this isn’t the problem. Getting the new idea to spread is.
Organisations that are just starting out at innovating often go out and immediately buy expensive tools. This is a mistake – they don’t know enough to innovate effectively yet. Here are some thoughts about how to work around that problem.
Often, when things don’t go the way we expect them to, we’re operating with faulty assumptions. Some recent issues with my cat Wallace illustrate this point.
I’ve run across four firms that have been wildly successful in a terrible retail environment. All of them share a few characteristics that result from having innovation embedded in their DNA.
Ralph Ohr & I met up at the end of last year and talked a lot about the state of innovation. These are the four issues that we identified as the ones that we think are the most important/interesting in the field right now.
Innovation is a powerful tool, and it’s in your hands. Here are some ideas for using it now.