Accidental discoveries played a significant role in the introduction of some of the biggest business ideas. Here is how to harness them.
What would you do if...You had to push through your fear of being judged? If you had to break some rules to get an idea off the ground? If you had a concept that would displace your most successful product?
Culture is the hard part. Like the muscle memory of 2,000-plus people, culture can keep doing what it always does, never implement concepts, or reject them stillborn.
If Camp A says it will work and Camp B says it won’t, a prototype will settle the disagreement pretty quickly. It will work or it won’t. And if it works, the idea behind it is valid. And if it doesn’t, the idea may be valid, but a workable solution is yet-to-be-discovered. Either way, a prototype brings clarity.
Since World War II, the United States has been an innovation superpower. In virtually every advanced field, whether it be information technology, biotechnology, agriculture or renewable energy, America holds a leading position. Other nations may challenge in one field or another, but no one can match its depth and breadth. To account for its success, ...
Arthur C. Clark insisted that any sufficiently advanced technology is indistinguishable from magic. Yet most of us have to live in a world of practicalities. Growing up means that fantasies must give way to realities. We learn to favor probabilities over possibilities. Continue reading
The importance of resources to company success was emphasized in the resource based view theory: “firms obtain sustained competitive advantages by implementing strategies that exploit their internal strengths, through responding to environmental opportunities, while neutralizing external threats and avoiding internal weaknesses” (Barney, “Firm resources and sustained competitive advantage”, 1991). Continue reading
Essentials of Innovation, Innovation Structured Repeatable Process Continue reading
The website Kickstarter has proven itself to be an amazing example of how an individual’s idea can grow into something big and successful. Kickstarter has imparted three key lessons that any organization can take to heart when it comes to crowdsourcing ideas from their employees. Continue reading
Experimenting is a critical innovation skill. None of us think twice about learning to ride a bike through trial and error, so why is it so rare in business? Continue reading