New! Improved! Shiny! Yes, It’s Innovation 7.0!!!

Innovation 1.0: A guy in his garage Innovation 2.0: A team in their research lab Innovation 3.0: People – dispersed….. everywhere! And we’re going to skip right over Innovation 4.0 – Innovation 6.0 to introduce the best, most up-to-date, most exciting version of Innovation yet – yes, that’s right: Innovation 7.0!! If you’re using Innovation […]

See Things Differently

I ran across this story earlier this week about Ludwig Wittgenstein in an otherwise awful piece by Paul Monk in The Australian: A student says to Wittgenstein, “You know, it’s really not surprising that people believed for so long that the sun revolves around the earth, because it looks like that is what happens.” To […]

How Accountants Kill Innovation

This isn’t going to be one of those rants against ‘beancounters’. We have actually collected and analysed data which tells us that traditional accounting and valuation methods will damage innovation performance. To be fair to my accounting collegues (some of my best friends are accountants) the main conclusion from our study is that we need […]

Information Wants to Be Free?

We often hear that “information wants to be free” – but does it really? If it does, why did my research partners and I just pay $13,000 to get a copy of this database? Now that’s admittedly 13,000 Australian dollars, and once you take exchange rates into account it comes out to — a whole […]

Why Your Great Idea Will Fail

There are a few reasons why your great idea will fail. The main one is that it will fail because it isn’t executed, or it isn’t execute well. We’ve talked about the problems with focusing just on ideas many times before. Last week I read an outstanding post by Matt Perez and realised why this […]

An Innovation Manifesto

There have been a few before, but here’s another Innovation Manifesto: Innovation doesn’t need a manifesto – it needs action. We won’t wait for someone to give us permission to innovate- we’ll just try things out. Innovations have a life-span – we will try to execute ideas that last, and that make things better. Not-Invented-Here […]

Three Blogs I Love

I’ve spent the past couple of days reading an astonishing number of excellent blog posts. I share nearly all of them on my twitter feed, so if you want a compilation of those, check that out. Today I thought I’d share three different blogs which always seem to have great content. First up is Innovate […]

Designing Espresso Innovation

Here are some thoughts on ‘design-driven innovation’ versus ‘design as making things look cool’: Design-Driven Innovation – Nespresso from Tim Kastelle on Vimeo. And here are some related points: We often think of design as making stuff look cool, but when we talk about design-driven innovation, we’re actually talking about creating new categories of goods […]

How to Fail at Innovation

The way to fail at innovation is to try to avoid failing. The idea of failure has popped up quite a bit this week for some reason. Innovation is filled with tensions that we have to become comfortable with if we’re going to succeed. One of the big tensions is between success and failure – […]

Too Much IP Protection is Bad for Innovation

There were some good (all reactions are good!) reactions to the blog post on the problems of using patent counts to measure innovation so I thought I would follow up with some evidence on patents and intellectual property (IP) strategy. Conventional thinking is that any IP generated within an organization should be carefully guarded by […]

Olympic Innovation

The test of a first-rate intelligence is the ability to hold two opposing ideas in mind at the same time and still retain the ability to function. -F. Scott Fitzgerald That’s the quote with which Richard Lester and Michael Piore open their outstanding book Innovation: The Missing Dimension. The opposing ideas that they discuss throughout […]

Establish Authority by Creating Value

One of the best ways to build connections within the economic network is to be an authority – and since revenue often follows connections, this is a useful strategy to consider. How do you become an authority? I’ve run across a couple of suggestions recently. First up – this from the JournaMarketing Blog (I’m not […]