It’s natural to try to cut back in tough economic times, and consequently, organisations often cut innovation. This is a mistake. The best results coming out of recessions happen when firms balance short-term and long-term oriented innovation.
Our metaphors for innovation are all wrong – they make us think that innovation is an event. But innovation is a process – one that we can get better at. It’s much better to think of innovation as a practice.
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On my third attempt to quit drinking soda pop, I might have finally succeeded. My problems with this provide some insight into why innovation is challenging, and how we might tackle that problem.
Using digital tools correctly isn’t a technical problem – it’s a strategy problem. Digital needs to be part of a well thought-out customer-based strategy. A report from John and colleagues gives some ideas on how to approach this problem.
Kenya is at the cutting edge of innovation in mobile money. How can this be? There are a plenty of reasons, and a few things to learn about innovation by investigating.
“They made fun of Galileo, and he was right. They make fun of me, therefore I am right.” That’s a logical fallacy. One way to avoid it is to actually test out our ideas – you can prove people wrong by making your ideas work. This is part of why innovation requires a bias towards action.
This post was first published at Integrative Innovation. In a previous post, I have pointed out the importance of diversity for innovation and organizational adaptability. Diversity is a crucial precursor to serendipity. In the Power of Pull, John Hagel, John Seely Brown and Lang Davison emphasize the rising need for serendipity: We need to […]
The business environment is changing, and competitive advantages have much shorter lifespans now. To combat this, you need to build an innovation capability for yourself, and for your organisation. Here are some ideas on how.
What social networks do you have to be on to succeed? Whichever ones fit your strengths. Here’s how to think about this question a bit more strategically.
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.
