Little Innovations Matter!

Here’s a question for you. What’s better…. a lot of little innovations or one big innovation? If we had to choose, would it better to have an economy made up of a lot of firms trying to make small improvements to their business or do we want a game-changer like Apple or Google? The big […]

Some ‘Deep Thought’ on The Global Innovation Index

There’s been a fair bit of chatter on the release of the global innovation index. It’s an impressive composite of many indicators of innovation and it thows out many interesting lists. According to the report, Switzerland, Sweden and Singapore are the most innovative countries and the Ivory Coast, Nigeria and China are the most efficient […]

Learning Innovation from Others

I was in a meeting with a CEO the other day who is confronting the possibility that what sustained the business for the last few decades is probably not going to deliver growth for the future. Tim and I have been working with him for over a year and we both rate him very highly […]

Look Past the Technology and See the Business Model

A few weeks back, Tim wrote a post about how a change to one dimension of a business model usually means a rethink of other parts of the business as well. One thing that I have always found interesting is how technology can change a business model. There are many examples of this such as […]

What Drives the Growth of New Hi-Tech Businesses?

Tim and I are on the road for a few weeks at the moment. I think Tim is in Rome and I am at the Judge Business School at Cambridge University. Judge is a very large business school and is usually placed in the top 10 of any business school ranking. Just for this week, […]

When Should You Give Up on an Idea?

Braden Kelley posted a great transcript of a talk from Jeff Bezos of Amazon recently on Blogging Innovation. Here is one of the sections that I thought was really interesting: If you invent frequently and are willing to fail, then you never get to that point where you really need to bet the whole company. […]

Do Universities Matter for Innovation?

I’m probably going to get in trouble for this post because the answer to the title question is yes and no. I am employed by the University of Queensland which prides itself as being the most successful commercializer of research in Australia. However, I have never been convinced by the simple argument that univerisities matter […]

Build Your Business Model Around Creating Value

One of my favourite things to do when I go into the Brisbane CBD is to drop by The Cloakroom to talk about business (and clothes) with Andrew and the guys. In one recent discussion, we talked about retail locations. This was just after they moved into their new space, which is fantastic. One of […]

Be a HedgeFox!

Ten years ago, Jim Collins published his book “Good to Great” to give exectutives an insight into what seperated leading companies from the mediocre ones. From a researcher’s point of view, the study is deeply flawed and would never get past the desk of a serious business journal. The biggest mistake is that it selects […]

Discovering Gold through Innovation

One of the weird trends in spam comments now is that through services like mechanical turk people are getting paid to make marginally relevant comments that link back to some spammy site. This makes getting rid of spam a lot harder. However, while I was running through a recent batch, I ran across a comment […]

The Thorny Problem of Tax Breaks for R&D

Innovation is a complex process and I’m always sceptical about simple solutions to encourage companies to be more innovative. Recently I have written about some evidence against the widely-held assumption that creating industry clusters will make firms in these clusters more innovative. It turns out the the relationship between industry clusters and innovation depends a […]

Innovation Myth: Ideas Spread Quickly

The future’s already here, it’s just not evenly distributed, and it doesn’t look like we expect it to When scientists first started talking about Artificial Intelligence in the 1950s and 1960s, a lot of the discussion centred around how to best create AI that would think like people do. This view of AI has dominated […]