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Serendipitous exchanges fuel innovation

Well, well, well…someone finally mapped out on Twitter what we intuitively know about how innovations happens: The more diverse a person’s social network, the more likely that person is to be innovative. A diverse network provides exposure to people from different fields who behave and think differently. Good ideas emerge when the new information received […]

In the future you are either a digital business or a dead business

Today, every business is digital and it’s changing how business is done. But many businesses have yet to wake up and understand this reality. Look at the chart below, I’m sure your business is lacking the digital skills necessary to compete in the information age:

Bottom-up innovation is the new normal

Any business model that hasn’t been disrupted by the internet yet will be. Why? Where before corporations “told” us what we need to use without our opinion, the internet has empowered us to create and become platforms. In essence, the internet has unleashed the democratization of ideas; bottom-up innovation.

One trait that determines success of your entrepreneurial ecosystem

Though most everyone agrees on what the basic components of an entrepreneurial ecosystem are, it is a myth that simply having those components will result in game-changing innovation. For example, think about Silicon Valley, the use case for all innovation ecosystems; why and how does it sustain innovation? Sure, culture is one component. But, what […]

Innovation needs outsiders. Here’s how to source them

The most interesting ideas, the ones that span boundaries, are found and at the intersection of domains. This isn’t a new insight, but it is one that is rarely taken into account inside most businesses. True to form, established businesses suffer from the Curse of Knowledge: I already know what I need to know. The […]

What To Look For In An Innovation Partner

If you’re a successful company, you’re probably not used to innovation. You’re used to being good at what you do, and that’s the opposite of innovation. Smart innovation that evolves a new and marketable product often requires an innovation partner. There are a lot of reasons for that. But they boil down to a deceptively […]

What kills most innovation isn’t a lack of ideas, it’s a lack of relationships

Do we still need old-fashioned physical offices to do work? Contrary to reports that the demise of the office is near, I believe we still need physical offices; and more importantly physical interactions. I believe that the model that will be dominant for most types of organizations is a hybrid between being a mobile worker […]