What Does a Good Innovation Option Look Like?

We have been following a bit of a theme lately on valuation methods and selecting innovation projects. This was started with my post on some research that we have been doing on valuing innovation projects. Using surveys and quantitative analysis the study showed that traditional valuation methods such as net present value inhibited innovation. However, […]

Quick Thoughts on Innovation

Here are two quick connections that I made today relating to innovation. First – watch this: It’s called “All Creative Work is Derivative” by Nina Paley, and here’s her description of how she made it. Brian Arthur argues in his book The Nature of Technology that all new economic ideas build on the combination of […]

Innovation Lessons from Charles Leadbeater

Last week I talked about how I use Malcolm Gladwell’s TED talk in my innovation courses. Another one that I use to illustrate how the innovation process is changing is the talk by Charles Leadbeater: The innovation lessons are a little easier to pull out of this one, since it is directly about innovation. Leadbeater […]

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 […]

Business Model Innovation for News

We’ve talked quite a bit about the situation in which the news industry currently finds itself. It is interesting because it is an industry in the middle of massive disruption, which makes it a great case study. Consequently, lots of other people are talking about it as well. This week I tweeted abougt two stories […]

You Should be a Cannibal!

I was doing some work with a company this week, and ran across one of my pet peeves. The organisation itself was very exciting. We interviewed over 20 people about various projects that were going. To a person they were smart and engaging, with great ideas, vision and energy. It was invigorating. The number of […]

What Open Innovation Is Not

In a recent post Tim mentioned a comment by a representative of an Australian university tech transfer office at an investor’s conference the other week. As Tim says, he was declaring the death of open innovation and a return to ‘sensible’ IP strategy, where we patent everything and then try to sell it or license […]

Innovation Heuristics

I have a confession to make. Although I have been teaching business strategy and innovation management for over ten years there is always a doubt in my mind over the value of what I bring into the classroom. If you looked at my collection of PowerPoint slides and readings, you would see a bag of […]

The Economy is a Network

The word “network” causes a lot of the same problems that “innovation” does – it is used in so many different ways that it is often hard to tell exactly what the user means, it’s in fashion to the point of sounding like hype, and as a consequence a lot of people are ready to […]

Innovation Lessons from Malcolm Gladwell

In all of my longer innovation courses, I use this video by Malcolm Gladwell in the first lecture. It’s his TED talk from a few years ago, and if you haven’t seen it yet, it is well worth your time: Gladwell recounts the story of Howard Moskowitz, who did the consulting work that led to […]

A Patent is Not a Business Model

A patent is not a business model, and we need to stop acting like it is. One of the statements at the Australian Association of Angel Investors Annual Conference that really rubbed me the wrong way came from a person in a university technology transfer office who said something like: “Open innovation is dead. It […]

Analysis and Interpretation in Innovation

John’s post How Accountants Kill Innovation ended up causing a bit of a stir this week. The press release that went with it was pulled from the UQ Business School website complained about it, but the post here got a huge number of reads, and the press release got picked up by BioTechnologyNews.net, where it […]