You probably heard about the contest that Netflix started in 2006 to crowdsource improvements in their recommendation algorithm. They offered a $1 million prize to anyone that could improve the accuracy of the recommendation algorithm by at least 10%. In 2009, a team of people hit the target, and won the prize. Awesome, right? The […]
Note: This is part of a series of posts explaining the individual parts of The Innovation Matrix. See this post for a description of the full model and what can be done with it. Bewildered Organisations that are Thinking About Innovation have two directions they can take. Ideally, they will improve their Innovation Competence, which […]
Occasionally I run into a particular situation that is based on a very fundamental misunderstanding of the function of social networks. In an effort to make an organization or industry more innovative, someone gets the idea that we need to get everyone talking to everyone else. In other words, the most innovative network is a […]
Note: This is part of a series of posts explaining the individual parts of The Innovation Matrix. See this post for a description of the full model and what can be done with it. Thinking About Innovation If you are starting out with no innovation capability, what is the first step that you should take […]
Note: This is part of a series of posts explaining the individual parts of The Innovation Matrix. See this post for a description of the full model and what can be done with it. Accidental Innovators This is a very interesting category. It includes firms that have little Innovation Commitment but who nevertheless actually have […]
Andrew Gelman wrote a post today that includes a great graph that shows how the innovation diffusion curve has played out for a number of major inventions over the past century. His post includes a discussion of how the graphic developed, an interesting story in itself. Here it is (click here to see it full-size): […]
Note: This is part of a series of posts explaining the individual parts of The Innovation Matrix. See this post for a description of the full model and what can be done with it. Not Innovating Very Much Firms that have no Innovation Commitment and no Innovation Competence unsurprisingly have limited innovation capability. Characteristics Firms […]
Note: This is part of a series of posts explaining the individual parts of The Innovation Matrix. See this post for a description of the full model and what can be done with it. Innovation Competence Innovation Competence is the second axis of The Innovation Matrix. One of the key insights from The Innovation Matrix […]
Note: This is part of a series of posts explaining the individual parts of The Innovation Matrix. See this post for a description of the full model and what can be done with it. Innovation Commitment Innovation Commitment is one of the axes of the innovation matrix. One of the key insights from The Innovation […]
I’ve continued to test out the ideas behind The Innovation Matrix with senior managers, and it seems to be working its way towards becoming a useful tool. As I do this, it continues to evolve. Today, I am going to revisit The Innovation Matrix as a broad concept, then over the next couple of weeks […]
My wife Nancy gave a presentation at UQ’s research commercialisation workshop yesterday, recounting her experience with the Geriatric Anxiety Inventory. That’s what kicked off the thinking that led to yesterday’s post on creativity and commerce. Right after I finished that post, we went to the workshop dinner, where Ian Frazer gave the keynote address, discussing […]