Connecting Ideas is the Fundamental Creative Act in Innovation

In this week’s class we talked about Jeff Bezos’ TED talk. When I think about innovation, to me the central part of the process is connecting ideas. As I keep emphasising, once we’ve done this, we then have to work like crazy to execute them well, and to get them to spread. But we need […]

Finding the Best Way to Fail

Nancy and I were talking about a kind of strange newspaper article that her sister sent her discussing the upcoming release of the DSM-V (the official diagnostic manual for mental illnesses). The author of the article was a psychiatrist advocating going back to the 19th century definition of depression – melancholia. I joked that we […]

Information Wants to Be Free?

We often hear that “information wants to be free” – but does it really? If it does, why did my research partners and I just pay $13,000 to get a copy of this database? Now that’s admittedly 13,000 Australian dollars, and once you take exchange rates into account it comes out to — a whole […]

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 […]

Three Blogs I Love

I’ve spent the past couple of days reading an astonishing number of excellent blog posts. I share nearly all of them on my twitter feed, so if you want a compilation of those, check that out. Today I thought I’d share three different blogs which always seem to have great content. First up is Innovate […]

How to Fail at Innovation

The way to fail at innovation is to try to avoid failing. The idea of failure has popped up quite a bit this week for some reason. Innovation is filled with tensions that we have to become comfortable with if we’re going to succeed. One of the big tensions is between success and failure – […]

Establish Authority by Creating Value

One of the best ways to build connections within the economic network is to be an authority – and since revenue often follows connections, this is a useful strategy to consider. How do you become an authority? I’ve run across a couple of suggestions recently. First up – this from the JournaMarketing Blog (I’m not […]

Aggregate, Filter & Connect for Smaller Firms

We know the story by now: as it becomes less and less expensive to transfer digital content, the price firms can get for information-based products and services is being driven down. This has led to chaos in the music, news and publishing industries. So everyone in these industries is doomed, right? Wrong. I believe that […]

Creating Value from Information

How do we create value when we’re busy tweeting, blogging, reading and writing? I have been arguing that to create value from information, we need to have systems in place that allow us to aggregate, filter and connect information – and that this is true for people, and for business models. These are the things […]

How to Filter Better

I was at the mall yesterday eating lunch, and I took a moment to listen to the conversations going on around me. They were, without exception, utterly banal. Consequently, I concluded that conversation is a useless tool, and the widespread use of it is nothing more than a symptom of the widespread decline of intellectual […]

Innovation Lessons from The Checklist Manifesto

How do we deal with complexity? A while ago I suggested that one strategy that we use to handle complexity is that we outsource some of the rote memorisation of facts and routines that we need regularly. This is essentially the strategy that Atul Gawande also advocates in his outstanding book The Checklist Manifesto: How […]

Filtering, Crowdsourcing and Innovation

How can we take advantage of the ‘wisdom of crowds’ in our innovation efforts? There are some distinct challenges in trying to do this. The basic idea is this: if you get a large number of people to estimate something – the weight of an ox, or the number of jellybeans in a jar, for […]