The emergence of the poll aggregators, especially Nate Silver, was one of the stories of the election for me. While these methods are a huge advance, there are still ways that they can fail. The key cause might be political innovation.
The Innovation Value Chain is a great tool to use to help you manage innovation as a process. This post uses a small case study to show how to use it.
Here’s a list of forty different ways that we can innovate. When we start to combine them, we can come with thousands of potential ways to structure our innovation process. Innovating the way we innovate is a huge opportunity.
How many great ideas get killed because we’re scared to put them out in the world? We need to be vulnerable to innovate – Brené Brown’s book Daring Greatly gives some insights into how to do this.
Can big organisations innovate? Of course they can. This is actually an uninteresting question. It’s more valuable to figure out how to best innovate given your circumstances – whether you’re big or small.
We often think that it’s particularly hard for big, established firms to innovate. Yes, there are obstacles. And yet, many manage to innovate, and to do so very effectively. Dow Corning and their business model innovation in launching Xiameter is a good case study of an innovative big firm.
If you are using a tool like the Business Model Canvas, where does innovation fit? The answer depends on your strategy. I use The Innovation Matrix to outline several different strategies, and how the business models for these will be different.
Business needs more art, as simple as that. Art teaches many critical skills, including risk taking, dealing with ambiguities, discovering patterns, and the use of analogy and metaphor. And we need all of those.
Several years ago I had a discussion with an MBA class on how to recognise good or bad strategy. After a lot of consideration their conclusion was….. good strategy works, it delivers the numbers, bad strategy doesn’t. I attempted to point out some issues in their response, especially that it precluded assessing strategy in advance […]
The Bing It One challenge would have been a great tool in 1998. Unfortunately, now that Google dominates search, an improved algorithm isn’t enough to get people to switch. This is the Attacker’s Dilemma: unless you bring a major performance improvement, there is no point in directly attacking a strong incumbent in their area of strength.
